Data Center Power Management Market Trends, Leading Players and Regional Forecast 2022 - 2032

Data Center Power Management Market is expected to reach ~US$ 37.3 Bn by 2032, exhibiting growth at 6.9% CAGR between 2022 and 2032. Data centers are a pre-eminent part of digital society. The digitalization of the world economy and a massive shift toward cloud-based storage of data is increasing the demand for data centers all over the world.

To run this digital ecosystem of data centers, a massive amount of energy is required. Hence, adoption of sustainable energy sources and integrated approach towards data center power management is shaping the global data center power management market.

Key Takeaways

By component, the DCIM (data center infrastructure management) software segment is expected to grow at a robust CAGR of nearly 8% through 2032.

The UPS (uninterruptible power supply) systems segment is anticipated to register growth at a CAGR of ~8.3% between 2022 and 2032.

By data center type, the hyperscale data centers segment will exhibit growth at a CAGR of 9.0% by 2032.

In terms of industry, the BFSI segment will register highest growth at 9.7% CAGR between 2022 and 2032.

North America is holds highest market share in data center power management market, however, South Asia & Pacific market will witness highest growth at 9% CAGR.

By data center tier, tier-4 data centers segment will witness fastest growth at 8.2% CAGR between 2022 and 2032

Upgrading Existing Data Centers to Create Demand for Hardware Components

Upgrading data centers to improve the performance of data center is creating growth opportunities for data center power management market. Such enhancement includes infrastructure, energy backup facilities such as UPS and change in power distribution units.

The adoption of green infrastructures for data centers is increasing, which fueling the demand for data centers. Support systems such as cooling equipment, power backup, and distributions are monitored and managed by a smart automated system that utilizes electricity very efficiently and hence, minimizes the consumption of electricity.

Data Center Power Management Market by Category

By Component:

Hardware

DCIM (Data Center Infrastructure Management) Software

Services

By Data Center Type:

Modular Data Centers

Colocation Data Centers

Cloud Data Centers

Edge Data Centers

Hyperscale Data Centers

Micro Mobile Data Center

By Data Center Tier:

Tier-1 Data Centers

Tier-2 Data Centers

Tier-3 Data Centers

Tier-4 Data Centers

By Installation Type:

New Installation

Retrofit/Upgrade

By End User:

Cloud Providers

Colocation Providers

Enterprise Data Centers

Hyperscale Data Centers

By Industry:

BFSI

Healthcare

Manufacturing

IT & Telecom

Media & Entertainment

Retail

Government

Others

Read More - https://www.futuremarketinsights.com/reports/data-center-power-management-market