CHICAGO, Aug. 7, 2024
/PRNewswire/ -- Offsite Data Center Power Infrastructure
Market in terms of revenue was estimated to be worth
$13.4 billion in 2024 and is poised
to reach $35.4 billion by 2030,
growing at a CAGR of 17.6% from 2024 to 2030 according to a new
report by MarketsandMarkets™.
There are several key factors that underline the importance of
Offsite Data Center Power Infrastructure Market. There is a growing
demand for efficient and sustainable data management solutions. The
most important driver is the exponential increase in the data
generation and consumption across various sectors. These sectors
include BFSI, healthcare, and IT & Telecommunications. The need
for robust and scalable data centers increases with the increase in
the digital footprints of the organizations. This has propelled the
demand for advanced power infrastructure solutions which ensure
operational excellence.
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Browse in-depth TOC on "Offsite Data Center Power
Infrastructure Market"
120 - Tables
80 - Figures
270 -
Pages
Offsite Data Center Power Infrastructure Market
Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$14.4
billion
|
Estimated Value by
2030
|
$35.4
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 17.6%
|
Market Size Available
for
|
2021–2030
|
Forecast
Period
|
2024–2030
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Vertical, By
Offering
|
Geographies
Covered
|
Asia Pacific, North
America, Europe, and Rest of World
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Adoption of Renewable
Energy Solutions
|
Key Market
Drivers
|
Rising demand for data
storage and processing
|
Growing emphasis on energy efficiency and sustainability is
another significant driver of this market. There is an increasing
strategic focus on reducing energy consumption and carbon
footprints with the increase in the power consumption of data
centers. Regulatory bodies and governments are implementing energy
efficiency standards and promoting use of renewable energy sources.
Therefore, data center operators are investing heavily in
energy-efficient power infrastructure solutions, such as UPS,
modular power solutions. This is done to fulfill regulatory
requirements and achieve sustainability goals.
The rise of edge computing and integration of IoT device are
also significant drivers of this market. There is an increasing
need for decentralized data processing with the
increase in device interconnectivity. Edge data centers are
becoming crucial as they are located closed to end-users. These
edge facilities need specialized power infrastructure to increase
reliability and performance. Therefore, the demand for scalable and
modular power solutions catering to edge computing are gaining
momentum in the Offsite Data Center Power Infrastructure
Market.
Finally, the rising adoption of cloud services and hybrid IT
environments is driving the market growth. The intense workloads
are migrated to cloud services. This is done achieve scalability,
flexibility, and cost-efficiency. This shift increases the
importance of offsite data center power infrastructure that can
seamlessly integrate cloud services with edge data centers. The
need for this seamless integration is driving investments in the
Offsite Data Center Power Infrastructure Market.
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Retail segment, by Vertical, to hold the fourth largest
market share in Offsite Data Center Power Infrastructure
Market.
The retail sector is the fourth most prominent market for power
services in global off-site data services because digital
reinvention in the retail industry has grabbled the sector into
building robust, mobile and cloud infrastructure to accommodate the
steep rise in online shopping and e-commerce platforms, and to
embed or encompass AI and ML algorithms and big data analytics and
the use of these technologies in personalization of
recommendations, supply chain and optimization. But, that's not the
only reason. Personalization of marketing and customer retention
strategy for customer experience improvement, big data analytics,
are also the critical reasons why the hyper scale data centers and
retail industry is taking a more serious and intense approach to
serious and efficient power systems in off-site data centers.
Middle East &
Africa to emerge as the
fourth-largest Offsite Data Center Power Infrastructure
Market.
The market share of Middle East
& Africa in the global Offsite
Data Center Power Infrastructure Market stands at fourth place - on
a global scale - primarily due to the swift digital transformation
and increasing investment in IT infrastructure of the region.
Leading countries such as UAE and Saudi
Arabia have been aggressive in implementing smart city
initiatives and expanding their technology footprints warranting
solid data center infrastructure. Rising internet penetration and
subsequent increase in e-commerce, financial services and media
sector has driven the demand for reliable and scalable power
infrastructure.
Key Players
Key players in the Offsite Data Center Power Infrastructure
Market include ABB (Switzerland), Schneider Electric (France), Eaton
(Ireland), Vertiv (US), Huawei Digital Power Technologies
Co., Ltd. (China), Comfort Systems
USA (UK), Johnson Controls (US),
Yondr (Netherlands), Hubbell (US),
Modubuild (Ireland), Altron A.S. (Czech
Republic), InnovIT AG (Germany), Delta Electronics, Inc.
(Norway), and Rittal (Germany).
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Related Reports:
Data Center Solutions Market by Offering (Hardware, Software,
Services), Data Center Type (Enterprise Data Center, Cloud Data
Center, Colocation Data Center), Tier Type, Data Center Size,
Vertical and Region - Global Forecast to 2028
Modular Data Center Market by Component (Solutions and
Services), Organization Size (Large Enterprises and SMEs), Vertical
(BFSI, IT & Telecom, Healthcare, Retail, Media &
Entertainment, and Manufacturing) and Region - Global Forecast to
2030
Get access to the latest updates on Offsite Data Center Power
Infrastructure Companies and Offsite Data Center Power
Infrastructure Industry Growth
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