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(IT-NEWSWIRE.COM, August 13, 2018 ) Market Overview: -
Data Center Power Market is expected to exceed USD 27 billion by 2024. The growth can be attributed to the rising trend of virtualization and cloud computing. The growing need for cloud storage has resulted in a growing number of data centers globally, which are consuming a huge amount of energy.
For instance, according to the U.S. Department of Energy, data centers in the U.S. accounted for around 2% of the overall energy consumption. To increase efficiency and Power Usage Efficiency (PUE) ratio, several designers are deploying innovative power management solutions, such as battery monitoring equipment, smart UPS, and intelligent rack PDUs, which are the key trends that will boost the Data Center Power Market demand.
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Top Key Players: -
Major players operating in the data center power market include Schneider Electric S.A., Delta Electronics Inc, Emerson Corporation, General Electric Co., Mitsubishi Electric, ABB Ltd., Eaton Corporation, Siemens AG, and Ametek, Inc.
Market share calculation in this report is not done based on companies covered in it. The calculation of data center power market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
In North America data center power market, factors including digitization and virtualization have led to the emergence of several cloud-based companies, which are playing a vital role in the regional growth. The growth is attributed to the presence of public cloud companies, such as Microsoft and Amazon, which are generating opportunities for construction of new data center coupled with the renovation of the legacy data centers.
The U.S. was a major revenue generating country in 2016 as several providers were involved in powering the facilities for data center operation through renewable energy sources.
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Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.1.4.1. Definitions
1.1.4.2. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Data center power industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Component trends
2.1.2.1. Solution trends
2.1.2.2. Service trends
2.1.3. Application trends
2.1.4. Regional trends
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The colocation data center power market accounted for a majority of the industry share in several Asian and European countries over the last few years. Companies are gradually shifting their IT infrastructure to the cloud with colocation providers offering a perfect solution for cloud providers and business servers owing to which a sharp increase in the construction activities is being witnessed.
In addition, the colocation providers are offering companies uninterrupted maintenance and services, thereby enhancing their performance and productivity. The growing focus on the reduction of operational expenditure and capital by companies will drive the colocation data center power market over the forecast timespan.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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