Category: Technology

According to Future Market Insights (FMI), the data centre power management market would have robust CAGR growth of about 7% over the course of the anticipated timeframe. (2022-2032). The report predicts that the market would be valued US$ 19 billion by the end of 2022. Future Industry Insights claims that the market is growing as a result of the increased global demand for data consumption per person. Data centres are essential to modern society. The digitalization of the world economy and the considerable shift toward cloud-based data storage are driving up demand for data centres internationally. Request a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6958 Key Takeaways Through 2032, the DCIM (data centre infrastructure management) software market is projected to expand at a strong CAGR of around 8%. Between 2022 and 2032, the UPS (uninterruptible power supply) systems market is projected to expand at a CAGR of 8.3%. The hyperscale data centres market, by data centre type, will increase at a CAGR of 9.0 percent by 2032. Industry-wise, the BFSI segment will increase at the highest rate—a CAGR of 9.7%—between 2022 and 2032. The data centre power management market is dominated by North America, but with a 9 percent CAGR, South Asia & Pacific will experience the fastest growth. Tier-4 data centres will experience the highest growth, with a CAGR of 8.2 percent between 2022 and 2032. By modernising existing data centres, hardware component demand will increase. The market for data centre power management is expanding as a result of data centres being upgraded to increase their performance. Infrastructure, energy backup facilities like UPSs, and modifications to power distribution units are examples of such improvements. Data centres are in greater demand as green infrastructures are being used more frequently. A clever automated system that monitors and manages support systems like cooling equipment, power backup, and distributes makes excellent use of electricity and hence decreases the consumption of electricity. Competitive Landscape Both large- and medium-sized data centre power management players are present in the industry, which defines it. Leading companies are using a variety of techniques, including mergers and acquisitions, partnerships, and collaborations, to increase their client base. Government activities worldwide as well as the development of private data centres are opening up significant growth opportunities for new industry players. For instance, Eaton finished acquiring Tripp Lite in March 2021 in order to grow its power business in the Americas. The acquisition contributed to the expansion of single phase UPS business, the IT product line, and better services for its data centre clients. It also broadened the scope of edge computing. ABB Ltd. announced the introduction of a cutting-edge UPS system in March 2020. The MegaFlex system has a 45 percent smaller environmental footprint, is resilient, and is compact in size. With high-efficiency converters, it provides decreased energy loss and sustainable power technology. Data Center Power Management Market by Category By Component: Hardware Power Distribution Units (PDUs) Power Generators Uninterruptible Power Supply (UPS) Systems Modular UPS Conventional UPS Others DCIM (Data Center Infrastructure Management) Software Services Consulting Services System Integration & Implementation Services Maintenance and Support Services By Data Center Type: Modular Data Centers Colocation Data Centers Cloud Data Centers Edge Data Centers Hyperscale Data Centers Micro Mobile Data Center By Data Center Tier: Tier-1 Data Centers Tier-2 Data Centers Tier-3 Data Centers Tier-4 Data Centers By Installation Type: New Installation Retrofit/Upgrade By End User: Cloud Providers Colocation Providers Enterprise Data Centers Hyperscale Data Centers By Industry: BFSI Healthcare Manufacturing IT & Telecom Media & Entertainment Retail Government Others