Connect with us

Technology

Data Center Power Market size is set to grow by USD 22.85 billion from 2024-2028, Increasing investments in data centers to boost the market growth, Technavio

Published

on

NEW YORK, July 24, 2024 /PRNewswire/ — The global data center power market  size is estimated to grow by USD 22.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.25% during the forecast period. Increasing investments in data centers is driving market growth, with a trend towards increasing investments in hpc systems. However, ups battery failure  poses a challenge. Key market players include ABB Ltd., Active Power Solutions Ltd., AEG Power Solutions BV, Black Box Ltd., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Exide Technologies, Generac Holdings Inc., Legrand SA, Panduit Corp., Rolls Royce Holdings Plc, Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Generators, Transformers, UPS, Transfer switches and switchgears, and Others), End-user (IT and telecom, BFSI, Energy, Healthcare, and Retail), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Active Power Solutions Ltd., AEG Power Solutions BV, Black Box Ltd., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Exide Technologies, Generac Holdings Inc., Legrand SA, Panduit Corp., Rolls Royce Holdings Plc, Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co.

Key Market Trends Fueling Growth

High-Performance Computing (HPC) systems deliver superior computing performance for scientific and engineering applications. These systems consist of clusters of processors with 16-64 nodes, utilizing algorithms, networks, and simulated environments. HPC systems are essential for complex operations, such as physical simulations, weather forecasting, quantum mechanics, and molecular modeling. The global HPC market is growing due to the need for product innovation and economic competitiveness. Cloud-based HPC systems are increasingly popular among Small and Medium Enterprises (SMEs) due to their low initial investment requirements. HPC systems require highly configured servers and data centers to handle compute-intensive workloads efficiently. With the increasing adoption of HPC, there is a growing demand for data centers. Data center operators must ensure uninterrupted power supply to these centers to meet the demands of HPC vendors. Consequently, the demand for data center power components is expected to rise during the forecast period. 

Data centers are essential for businesses in various sectors, including IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance, to store and process their digital data. With the rise of cloud computing and work-from-home models, the demand for data centers is increasing. Advanced systems like modular data centers and energy-efficient technologies are trending, focusing on energy conservation and reducing Power Usage Effectiveness (PUE). Cloud computing and web hosting require massive computational power, leading to the growth of mega data centers. Medium-sized enterprises and colocation data centers also benefit from energy-efficient Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems. Compatible devices like intelligent power strips, battery monitoring equipment, and PDU and UPS technologies ensure reliability and maintenance. Energy conservation is crucial, with PUE monitoring devices and battery monitoring devices helping to optimize energy usage. The integration of 5G and cloud networking in edge use cases further expands the data center market. Initial investment in compatible products can save costs in the long run and ensure business continuity. 

Discover 360° analysis of this market. For complete information, schedule your consultation- Book Here!

Market Challenges

Data centers rely on Uninterruptible Power Supply (UPS) systems for power backup, but their batteries, which have an average lifespan of ten years, can sometimes fail due to aging or other factors. These failures can lead to significant losses for data center operators, costing USD1USD5 million per hour during downtime. Factors such as inconsistent temperatures and overcharging can reduce battery life and lead to quick capacity rundowns. UPS battery failures account for over half of data center outages. As these components age, their use is expected to decline, potentially hindering the growth of the global data center power market during the forecast period.Data Center Power Market: Medium-sized enterprises face unique challenges in powering their IT infrastructure, especially when it comes to web hosting cloud and colocation data centers. Mega data centers and hyper-scale providers, with their vast power requirements, dominate the market. PDUs (Power Distribution Units) and UPSs (Uninterruptible Power Supply) are essential products for ensuring reliability. Colocation and IT & telecommunications sectors, along with government, healthcare, retail, banking, financial services, and insurance, rely on compatible DC power solutions. Initial investment in power infrastructure can be high, but the benefits of reliability and maintenance outweigh the costs. Digitization, cloud networking, 5G, edge use cases, high bandwidth, and low-latency data transmission require advanced DC power solutions. Hyper-scale providers prioritize modularity and storage capacity. The World Economic Forum highlights the importance of DC power solutions in the age of Al (Artificial Intelligence), robotics, and CAPEX budget optimization. IT equipment and data storage facilities demand online double conversion for uninterrupted power supply. PDUs, UPSs, busways, and compatible devices are essential for end-uses. Compatibility, reliability, and maintenance are key concerns. The market for DC power solutions continues to evolve, driven by the growing demand for high-performance, low-latency power infrastructure.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This data center power market report extensively covers market segmentation by

Product 1.1 Generators1.2 Transformers1.3 UPS1.4 Transfer switches and switchgears1.5 OthersEnd-user 2.1 IT and telecom2.2 BFSI2.3 Energy2.4 Healthcare2.5 RetailGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Generators-  Data centers require a reliable power source to ensure uninterrupted operation of IT equipment. Generators serve as backup power supplies when the primary power fails. Enterprises must understand their data center’s power system architecture before installing a generator. Generators are classified into gas, diesel, and bi-fuel based on fuel source. Enterprises can choose based on fuel preference to minimize generator operating costs. A UPS system can provide power during short power outages, but generators are ideal for extended backup periods. Market growth is driven by advancements in UPS technology offering longer backup times, making them cost-effective alternatives to generators.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global data center market is booming, driven by increased demand for data storage and processing. In parallel, the global data center mechanical construction sector is evolving, with innovative cooling and HVAC systems becoming crucial for efficiency and reliability. With rising data consumption and technological advancements, investments in mechanical construction and power solutions are key to supporting the growth and sustainability of data centers worldwide.

Research Analysis

The Data Center Power Market is witnessing significant growth due to the increasing adoption of advanced systems such as modular data centers and technologies like cloud computing, computational power, and colocation. The shift towards work-from-home models and the need for energy conservation have further fueled the demand for efficient power distribution solutions. Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems are essential components of data centers, ensuring uninterrupted power supply and protecting equipment from power surges and outages. Battery monitoring equipment and PUE monitoring devices are crucial for optimizing energy usage and reducing costs. Intelligent power strips and busways provide advanced power management capabilities, enabling medium-sized enterprises and large organizations to manage their power needs effectively. End-users in IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance sectors are increasingly investing in compatible products to support their growing computational power requirements. Mega data centers and hyper-scale facilities, in particular, demand large-scale power solutions, including PDUs and UPSs, to ensure reliable and efficient power distribution.

Market Research Overview

The Data Center Power Market is experiencing significant growth due to the increasing demand for cloud computing, data storage, and advanced systems. Energy efficiency is a top priority, with technologies such as Power Distribution Units (PDUs), Uninterruptible Power Supply (UPS) systems, and battery monitoring equipment playing crucial roles. Modular data centers and work-from-home models are also driving market expansion. Energy conservation and PUE monitoring devices are essential for reducing energy consumption and improving reliability. Intelligent power strips and battery monitoring devices are key products for optimizing power usage. End-users in IT & telecommunications, government, healthcare, retail, banking, financial services, insurance, and other sectors are investing in data centers for their IT infrastructure and digital transformation. Technologies like cloud computing, computational power, and DC power solutions are transforming the industry. Hyper-scale providers and mega data centers are leading the way, while medium-sized enterprises and colocation data centers are also adopting advanced systems. The market is expected to continue growing, with a focus on modularity, storage capacity, and compatibility with various devices and end-uses. The World Economic Forum highlights the importance of energy management and digitization in the data center sector. CAPEX budgets for IT equipment and online double conversion are significant factors influencing market trends. The integration of AI, robotics, 5G, cloud networking, and edge use cases is also shaping the future of the Data Center Power Market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductGeneratorsTransformersUPSTransfer Switches And SwitchgearsOthersEnd-userIT And TelecomBFSIEnergyHealthcareRetailGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-center-power-market-size-is-set-to-grow-by-usd-22-85-billion-from-2024-2028–increasing-investments-in-data-centers-to-boost-the-market-growth-technavio-302204031.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Siemon Validates Interoperability of AI-Ready Fiber Cabling with NVIDIA™ InfiniBand™ Hardware at IBTA Plugfest

Published

on

By

Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

WATERTOWN, Conn., Sept. 28, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, successfully participated in the 41st InfiniBand Trade Association (IBTA) Plugfest for InfiniBand and RoCE, held at The University of New Hampshire – Interoperability Lab from April 15th to May 3rd. This year’s Plugfest marked a significant milestone with the IBTA introducing new system interoperability testing that included optical transceivers and fiber cabling from various manufacturers for the first time. This rigorous testing program establishes compliance to industry specifications and real-world interoperability, ensuring a robust ecosystem of InfiniBand and RoCE products.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications”

Siemon is pleased to announce that its AI Ready fiber optic cabling solutions passed all system interoperability tests with NVIDIA InfiniBand hardware.

“These test results provide assurance to our customers that Siemon’s AI Ready fiber cabling performs flawlessly within NVIDIA AI network designs, supporting both switch-to-switch and switch-to-server applications,” stated Gary Bernstein, Siemon’s Sr. Director of Global Data Center Sales.

The System testing was done with NDR 400G and NDR 200G traffic using NVIDIA switches, ConnectX-7 adapter cards, multimode and singlemode transceivers, and Siemon’s multimode and singlemode MTP fiber cabling solutions, including trunks, jumpers, and patch panels.

The IBTA will publish their InfiniBand Integrator’s list soon, listing specific hardware and Siemon components used in various configurations.

For inquiries regarding this testing or Siemon’s AI-Ready solutions, please contact your local Siemon representative.

For more information on Siemon Generative AI Solutions, please visit www.siemon.com/ai.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com 

View original content:https://www.prweb.com/releases/siemon-validates-interoperability-of-ai-ready-fiber-cabling-with-nvidia-infiniband-hardware-at-ibta-plugfest-302260679.html

SOURCE Siemon

Continue Reading

Technology

Liftoff! NASA’s SpaceX Crew-9 Launches to International Space Station

Published

on

By

WASHINGTON, Sept. 28, 2024 /PRNewswire/ — The two crew members of NASA’s SpaceX Crew-9 mission launched at 1:17 p.m. EDT Saturday, for a science expedition aboard the International Space Station. This is the first human spaceflight mission launched from Space Launch Complex-40 at Cape Canaveral Space Force Station in Florida, and the agency’s ninth commercial crew rotation mission to the space station.

A SpaceX Falcon 9 rocket propelled the Dragon spacecraft into orbit carrying NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov. The spacecraft will dock autonomously to the forward-facing port of the station’s Harmony module at approximately 5:30 p.m. Sunday, Sept. 29, where Hague and Gorbunov will join Expedition 72 for a five-month stay aboard the orbiting laboratory.

“This mission required a lot of operational and planning flexibility. I congratulate the entire team on a successful launch today, and godspeed to Nick and Aleksandr as they make their way to the space station,” said NASA Administrator Bill Nelson. “Our NASA wizards and our commercial and international partners have shown once again the success that comes from working together and adapting to changing circumstances without sacrificing the safe and professional operations of the International Space Station.”

During Dragon’s flight, SpaceX will monitor a series of automatic spacecraft maneuvers from its mission control center in Hawthorne, California. NASA will monitor space station operations throughout the flight from the Mission Control Center at the agency’s Johnson Space Center in Houston.

NASA will provide live coverage of rendezvous, docking, and hatch opening, beginning at 3:30 p.m., Sept. 29, on NASA+ and the agency’s website. NASA also will broadcast the crew welcome ceremony once Hague and Gorbunov are aboard the orbital outpost. Learn how to stream NASA content through a variety of platforms, including social media.

The duo will join the space station’s Expedition 72 crew of NASA astronauts Michael Barratt, Matthew Dominick, Jeanette Epps, Don Pettit, Butch Wilmore, and Suni Williams, as well as Roscosmos cosmonauts Alexander Grebenkin, Alexey Ovchinin, and Ivan Vagner. The number of crew aboard the space station will increase to 11 for a short time until Crew-8 members Barratt, Dominick, Epps, and Grebenkin depart the space station in early October.

The crewmates will conduct more than 200 scientific investigations, including blood clotting studies, moisture effects on plants grown in space, and vision changes in astronauts during their mission. Following their stay aboard the space station, Hague and Gorbunov will be joined by Williams and Wilmore to return to Earth in February 2025.

With this mission, NASA continues to maximize the use of the orbiting laboratory, where people have lived and worked continuously for more than 23 years, testing technologies, performing science, and developing the skills needed to operate future commercial destinations in low Earth orbit and explore farther from Earth. Research conducted at the space station benefits people on Earth and paves the way for future long-duration missions to the Moon under NASA’s Artemis campaign, and beyond.

More about Crew-9

Hague is the commander of Crew-9 and is making his second trip to the orbital outpost since his selection as an astronaut in 2013. He will serve as a mission specialist during Expedition 72/73 aboard the space station. Follow @AstroHague on X and Instagram.

Roscosmos cosmonaut Aleksandr Gorbunov is flying on his first mission. He will serve as a flight engineer during Expeditions 72/73.

Learn more about NASA’s SpaceX Crew-9 mission and the agency’s Commercial Crew Program at:

https://www.nasa.gov/commercialcrew

View original content to download multimedia:https://www.prnewswire.com/news-releases/liftoff-nasas-spacex-crew-9-launches-to-international-space-station-302261721.html

SOURCE NASA

Continue Reading

Technology

Global Times: 75 years on, China committed to global common development

Published

on

By

BEIJING, Sept. 28, 2024 /PRNewswire/ — October 1 this year marks the 75th anniversary of the founding of the People’s Republic of China. Over the past 75 years, under the leadership of the Communist Party of China (CPC), the country has undergone tremendous changes, realizing unprecedented development. China has achieved in a few decades what took developed countries several centuries, with its economy now ranking as the second largest in the world. With strenuous efforts, China has realized its first centenary goal – building a moderately prosperous society in all respects.

China’s influence on the world has never been as profound and long-lasting as it is today. Likewise, the world’s attention to China has never been as deep, and focused as it is now.

As globalization deepens, nations are becoming more interdependent, while various global challenges continue to emerge. Humanity faces natural challenges such as climate change and the loss of biodiversity, as well as common global threats like extreme poverty, nuclear proliferation, political extremism, hegemony, and escalating geopolitical conflicts. The need for cooperation has never been more urgent or important than it is today, experts said.

“Where is humanity headed?” has become a significant question concerning the future and destiny for all.

To answer this question, Chinese President Xi Jinping put forward the vision of building a community with a shared future for humanity in 2013. This is seen as China’s solution to addressing global challenges and creating a better future through concerted efforts of the international community. “The common interest of all humankind is in a world united and peaceful rather than divided and volatile,” Xi said, Xinhua News Agency reported.

Building a community with a shared future for humanity is not about replacing one system with another or one civilization with another. Instead, it is about countries with different social systems, ideologies, historical contexts, and levels of development achieving mutual benefits, sharing rights, and jointly bearing responsibilities in international affairs, experts said.

“Unlike the confrontational or competitive approaches that often dominate international relations, this concept advocates for inclusivity and multilateralism,” Hamad Al Hosani, senior researcher at TRENDS Research and Advisory, a think tank of the United Arab Emirates, told the Global Times. “It also reflects a shift from traditional approach to one that embraces a holistic and interconnected global outlook.”

Hosani added that this concept helps address global challenges by focusing on shared responsibilities, such as equitable resource distribution, environmental stewardship, and collective security measures. It encourages countries to promote a sense of global solidarity and cooperation in managing transnational threats.

China’s vision, embodied in initiatives like the Belt and Road Initiative, focuses on infrastructure investment, trade connectivity, and mutual development without imposing political conditions, Hosani told the Global Times, adding that “this reflects a more pragmatic and cooperative approach that respects the individual paths of nations.”

Therefore, the Chinese path offers developing countries an alternative model of engagement, one that values equal partnership and mutual benefit rather than hierarchical or conditional relationships. “This has attracted many countries, particularly in the Global South, to China’s approach, which they see as less intrusive and more respectful of their developmental needs and choices,” Hosani said.

Li Haidong, a professor at the China Foreign Affairs University, told the Global Times that China has provided substantial aid to the Global South over the past decade and established various organizations such as the Asian Infrastructure Investment Bank (AIIB), which reflect China’s principles of equality, inclusiveness, cooperation, and sustainability.

For a better world

Over the 11 years since the concept of building a community with a shared future for humanity was proposed, China has been both an advocate and a practitioner. Through joint efforts, the Belt and Road Initiative (BRI) has transformed from a Chinese proposal to an international practice, from an idea to concrete actions. It has not only brought tangible benefits to the participating countries but also contributed positively to promoting healthy globalization, addressing global development challenges, and improving global governance.

Projects such as the China-Pakistan Economic Corridor, China-Europe Railway Express, China-Laos Railway, Jakarta-Bandung High-Speed Railway, Piraeus Port, Kopa wind power project have greatly benefited local people. By the end of June 2023, China had signed over 200 cooperation documents with more than 150 countries across five continents and over 30 international organizations under the BRI framework, creating countless iconic projects as well as smaller, people-centered projects.

Bojan Lalic, director of the Belt and Road Institute in Belgrade, told the Global Times that different from the West’s selective alliances, China has opted for a path of inclusive multilateralism, advocating for broader cooperation and promoting inclusive frameworks such as the BRI to facilitate development across numerous nations.

“As developing countries increasingly engage with China, a shift in global power dynamics may occur, enabling a multipolar world where various development models coexist,” Lalic said.

Under the vision of building a community with a shared future for humanity, President Xi proposed the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative successively from 2021 to 2023. These three initiatives focus on addressing global development challenges, eliminating global security dilemmas, and promoting exchanges and mutual learning among civilizations.

So far, more than 100 countries and international organizations have voiced support for the Global Development Initiative, with over 70 countries joining this “Group of Friends.” More than 200 development cooperation projects have yielded results, according to the People’s Daily Overseas Edition.

UN Secretary-General António Guterres praised the Global Development Initiative as a “valued contribution to addressing common challenges and accelerating the transition to a more sustainable and inclusive future.”

 

View original content:https://www.prnewswire.com/news-releases/global-times-75-years-on-china-committed-to-global-common-development-302261718.html

SOURCE Global Times

Continue Reading

Trending