The data center power market is anticipated to gain substantial share globally over the forecast period. Rising need for data storage has resulted in an increased volume of data center assets. This has also led to advancement to increase power capacity along with rising demand for competent data center power solutions is, which has been one of the key factors driving the growth of this industry and this trend is anticipated to continue over the forecast period.
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Data centre is a large group of networked computer servers which are typically used by organizations for remote storage, processing, or distribution of large amounts of data. Data center power means the utilization of power effectively. Power usage effectiveness (PUE) is the ratio of the amount of power entering a data center and the power used to run the computer infrastructure within it.
Over the past few years, traditional data centres are being increasingly replaced by new data centers having advanced technology and power management capabilities. This has been a vital factor in driving market growth as more and more consumers are now making use of data centers. However, high initial investment in the data center power management solutions and inadequate availability of compatible power solutions are some of the challenges faced by the global data center power industry. Low awareness regarding the benefits of power management solutions among the organizations investing in data center infrastructure is a key restraining factor for the growth of the market. Modular power solutions are the new trend being observed in data center power market. Along with it, direct current power solutions and intelligent rack power distribution unit (IPDU) hold immense potential for growth in data center power market in the near future.
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Various norms and regulations are being introduced and implemented by governments and regulatory bodies on the data center industry to reduce carbon footprints and energy consumption. Data center professionals and managers are adopting measures for implementing energy-efficient power solutions that are further encouraging the demand for data center power solutions which is expected to augment market development.
The market has undergone tremendous advancement & development in terms of technology since the inception of data centers. Numerous solution providing companies are engaged in delivering innovative and efficient solutions, that help consumers to lower their expenditure and ensure cost efficiency. Irrespective of declining employment of traditional power solutions, the industry is expected to witness considerable growth in the near future owing to the adoption of new technologies which are more energy-efficient as compared to the conventional ones.
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