Data Center Power Market - Global Industry Analysis, Size, Trends and Forecast 2014 - 2020

The exponential and rapid growth in the amount of data consumed and generated by various organizations, businesses and individuals has led to rise in demand for data storage leading to the increase in number of data centers. Globally data centers are emerging as computational hubs for end-users and enterprises. This growth in data center number is leading to the growth of data center power and related services market. Thus, the demand for enterprise-wide digital content and growth of data centers is driving the demand for data center services across the globe.

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Numbers of data centers are increasing rapidly to cater the demand for computing requirement and digital content. Power expenses are almost half of the total expenses associated with the data center, and as a result organizations are developing efficient and innovative data center power solutions. Efficient power solutions installed help the companies in reducing their total expenses leading to reduced total cost of ownership (TCO).

Electricity prices are continuously rising leading to the demand for cost efficient power solutions. The need for data centers in increasing continuously along with the need to maintain the data center uptime and reliability driving the data center power market. Global initiative towards reducing carbon footprints and need from immense power density data centers are the factors driving the demand for energy efficient power solutions for global data centers. Traditional data centers are replaced by new data centers with advanced technology and power management capabilities, thus this aging and replacement of traditional data centers is another driving factor for the growth of market. However, high initial investment in the data center power management solutions and availability of the compatible power solutions are challenges faced by global data center power market....