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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

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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..

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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. 

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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/

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SOURCE Technavio

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Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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