© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Data Center Power Industry to hit $27bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Data Center Power Market size is set to exceed USD 27 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising cost of energy and growing awareness of consumers to save electricity has led manufacturers to design intelligent power management products, which is helping reduce the power usage effectiveness (PUE) ratio and improve the energy consumption. The outdated facilities are being substituted with modern systems which consist of innovative management technologies. Moreover, the shift of the industry towards hyperscale and colocation facilities will fuel the demand for data center power market over the forecast timespan.   Data center power market is witnessing increasing demand from the IT & telecom industry, which can be attributed to the enormous volume of data generated by the businesses that require adequate storage and demand for improving service levels. To streamline operations, reduce costs, and enhance the performance companies operating in the IT & telecom industry are focusing on deployment of these facilities. In addition, the infrastructure development across several countries by major IT companies such as IBM, Google and Microsoft are providing an impetus to the data center power market growth. Key Insights from Data Center Power Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The rapidly rising energy costs has made the data center operators more inclined towards the greener facilities to improve the operational efficiency of the equipment, which will impact the sales of the equipment such as cabling, busways and intelligent PDUs over the forecast timespan. Players are manufacturing equipment with energy efficient technologies and are utilizing renewable and green energy for their products. In addition, data center power market service providers are implementing the adaptive control systems to minimize the energy consumption. The efficient power solutions installed in the facilities are helping companies to reduce the overall operating cost, which in turn are reducing the total cost of ownership (TCO).  Emerging trend of utilizing colocation facilities by companies in comparison to the construction of new facilities can be credited to the requirement of huge capital investments. Factors such as capital expenditures associated with building newer facilities followed by need for updating large computing centers are compelling the colocation data center power market growth. In addition, growing popularity of using colocation among the cloud service providers and private companies is fueling the industry growth. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe data center power market, by solution, 2016 & 2024 (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report On Data Center Power Request for a Sample of this Research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Increasing number of the facilities coupled with the rising investments by various business entities across the Nordic region will fuel the Europe data center power market growth. Several companies are focusing on making expansion in the region owing to the presence of abundant fossil fuels and the favorable temperature. Facility operators are investing in high amount in outsourcing the services to meet the ever-increasing capacity requirements. Growing demand of virtualization by businesses implementing and using cloud technology is expected to boost the deployment of power solutions in European countries.  The data center power market is significantly competitive, where the major players are competing based on customer base, and the need for high energy requirements. Intense competition prevails in the industry, where several SMBs and large businesses are implementing efficient facilities for their businesses to sustain in the intensely competitive environment. Several growing businesses are preferring the construction of new facilities instead to gain a competitive edge over their peers. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Electric SA  ABB Ltd.  Toshiba Corporation  Emerson Network Power  Eaton Corporation  General Electric  Tripp Lite  Belkin International Companies

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