A research report compiled by GMI, Inc., states that the global data center power market size could cross an annual value of USD 10 billion by 2026.

The growing deployment of IoT and cloud computing technologies across various businesses will significantly expand the data center power market share. Cisco Systems had estimated that the number of hyperscale data centers will see a rise from 338 in 2016 to 628 by 2021. It has also been found that these data centers will contribute to 53% of the total data centers across the globe.

Data center power management can be touted as a broad process that deals with the management, measurement as well as monitoring of power generation in data centers. It also looks after the consumption and optimization of power within a data center facility. The construction of mega-facilities across different regions in the world by some of the global enterprises has added impetus to data center power consumption over the coming years.

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Increasing demand for modular data centers

The rising requirement for data centers and power backup has urged several firms to opt for modular data centers in order to add multiple modules. These data centers ensure that the load operates at an optimal level owing to their modular Uninterruptible Power Supply (UPS) architectures.

Furthermore, these systems are highly preferred in comparison to conventional UPS as they can be easily accessed and installed. They also offer maximum reliability and reduce the total cost of ownership. The smaller design or size of modular UPS makes it effective for use in micro and edge data center facilities that are distributed across crowded urban areas.

Potential in colocation applications

Industry share of data center power market distribution from colocation applications will gain significant momentum through 2026. This is due to the numerous benefits rendered by colocation providers, in conjunction with narrowing down the need for companies to establish newer facilities that can drain their vital resources like time, labor, and money. Owing to this, colocation data centers are highly preferred by several businesses that have monetary constraints and limited data storage requirements.

Furthermore, the influx of IoT and cloud services has augmented the need for data storage across large enterprises. This has pushed colocation providers to deliver enhanced services to operators in the form of power, cooling, and maintenance of the infrastructure.

Higher preference for managed services

The annual revenue from the services segment in the data center power market will reach an exponential CAGR over the coming years, considering their growing demand. Through managed services, data center operators can have easy access to the service and maintenance of data center power equipment while optimizing and maintaining some mission-critical applications.

Moreover, regular maintenance makes the data center power systems more reliable and efficient. It also keeps them secured to operate at maximum efficiency and an optimal performance level while saving time & cost and avoiding unnecessary downtime. Solution providers in data center power management are also coming up with high-quality solutions to enhance power availability and system uptime in mission-critical data centers.

MEA region to emerge as a promising market

The Middle East and Africa is an abode to an expanding telecom sector and the regional market is poised to grow exponentially through 2026. This can be attributed to the increasing requirement for cloud computing that has urged service providers to proliferate their existing IT facilities across the region. Also, various telecom operators are consistently working on establishing large-scale facilities to upgrade their data transmission rate while sustaining competition.

For instance, a Palestinian telecom firm, Paltel Group, launched its second data center in Ramallah in October 2019. This facility measures 65,000 square feet (6,000 sq m) in size and is certified with Uptime Tier III Design. The rise in construction of such IT facilities in the region has necessitated the adoption of intelligent power managing solutions to increase the energy consumption across these facilities.

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Companies operating in the data center power market are actively indulging in R&D investments and are coming up with advanced products to gain a competitive edge over other industry participants specifically in the current COVID-19 pandemic. For instance, Vertiv Group Co, in November 2019 unveiled the Vertiv Geist UPDU.

This universal power distribution system permits every unit to meet the colocation, hyperscale, edge, and enterprise data center power market requirements notwithstanding the existing power infrastructure. Server Technology, Siemens AG, Tripp Lite, Rittal GmbH & Co. Kg, Toshiba Corporation, Schneider Electric SE, Inc., and TDK Corporation are some other global firms in the sector.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    Data sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Data center power market 360⁰ synopsis, 2016 - 2026

2.1.1    Business trends

2.1.2    Component trends

2.1.3    Application trends

2.1.4    Regional trends

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