Fior Markets launched a study titled “Global Data Center Power Market Type (Solution, Service), End User Type (Mid-Size Data Center, Enterprise Data Center, Large Data Center), Vertical,Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global data center power market is expected to grow from USD 14.9 Billion in 2017 to USD 34.7 Billion by 2025 at a CAGR of 11.1% during the forecast period from 2018-2025.The key contributing factor for the market growth are increasing demand of managing unstructured data on cloud has resulted in an upsurge in number of data centers across the globe and Anomalies in power supply through UPS system.
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The services segment is expected to grow at a higher CAGR of 13.9% during the forecast period.
The type segment is classified solution and services. The services segment is expected to grow at a higher CAGR during the forecast period due to rising investments in start-ups and the use of better and improved technology.
The enterprise data center segment valued around USD 7.39 Billion in 2017.
End-user type segment is divided into segments such as mid-size data center, enterprise data center and large data center. The enterprise data center segment is dominating the market with the highest share in 2017. High need for scalable and cost-effective solutions is expected to boost up the growth of customer data platform solutions among SMEs.
The retail segment is dominating the market with the highest share of 25.80% in 2017.
The vertical segment includes banking, financial services, and insurance, energy, government and defense, healthcare, manufacturing, research and academia, retail, telecommunications, and IT and others. The retail segment is dominating the data center power market in 2017. Most of the marketing agencies are opting the customer data platform solutions for better customer engagement and delivering personalized interactions.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 39.40% in 2017.North Americais dominating the marketdue the presence of many CDP vendors in North America for delivering improved personalized customer experience which boosting up the use of customer data platforms in the region.
The major players of market include Schneider Electric SE, Server Technology, Inc., Intel Corporation, Rittal GmbH & Co. KG, Raritan, Inc., Emerson Network Power, Hewlett-Packard Company, General Electric Company, Eaton Corporation Plc, AEG Power Solutions, Active Power (Piller Power Systems), Bloom Energy (Fuel Cells), Cyber Power Systems, Delta Group, FG Wilson, Fuji Electric, Geist Global, Generac Power Systems, Hitachi Hi-Rel Power Electronics, Hitec Power Protection,KOHLER (SDMO), Legrand, Mitsubishi, MTU ON SITE ENERGY (Rolls-Royce Power Systems AG), Riello UPS, Shenzhen KSTAR Science and Technology, Socomec, Toshiba, Tripp Lite, YanmarGroupand ABB Ltd.
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