Data Center Power Management Market to Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value,

According to Future Market Insights (FMI), the market for data centre power management 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 industry is growing as a result of the increased global demand for data consumption per person.

In contemporary society, data centres are extremely important. Global economic digitization and a considerable shift towards cloud-based data storage have increased the demand for data centres.

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This network of data centres requires a tremendous amount of energy to operate. Therefore, the adoption of renewable energy sources and a coordinated strategy for data centre power management are having an impact on the market for this technology worldwide.

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.

“Demand for technologically advanced items is rising as a result of economic expansion in China, India, and other emerging economies. In order to grow their operations throughout Asia Pacific, data centre power management component manufacturers, distributors, and suppliers are likely to focus on these markets, according to an analyst at FMI.

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.

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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.

Key Companies Profiled

ABB, Eaton, Schneider Electric SE, DataSpan, Huawei Technologies Co., Ltd., Toshiba Electronic Devices Storage Corporation, Bxterra Power Technology, Cyber Power Systems, Inc., General Electric, ZPE Systems, Inc., Aggreko, Sunbird Software, Inc., Elco Solutions, Socomec, Hewlett Packard Enterprise, Enlogic, Delta Electronics, Inc., Raritan Inc., Toshiba Electronic Devices Storage Corporation

Data Center Power Management Market Segmentation

By Component: