Powering data centres will be worth nearly $11bn
APAC is set to take the podium with the boom of energy-hungry sites making it the fastest growing region in the world.
Data centres account today for 3% of the world’s electricity usage which hides a multi-billion Dollar industry delivering the necessary technology to keep lights on.
According to analysts, the global data centre power market value is expected to top $10.77bn by 2025, a 6% compound annual growth rate (CAGR).
That is according to Grand View Research which has also found that the global data centre power market is majorly driven by the shift of various end-users towards hyper-scale and colocation data centres.
“The increase of such data centre facilities is anticipated to result in an increasing demand for data centre power equipment in the coming years,” the company said.
Regionally, North America, which counts with some of the largest data centres in the world, accounts today to one of the largest shares of the market at 35%.
However the region is predicted to dominate the market over the forecast period, Asia Pacific is projected to be the highest growing region owing to the increasing number of colocation data centres in developing countries such as India and China.
The UPS product segment dominated the global data centre power market in 2016. Additionally, most data centres use the smart UPS system, battery monitoring devices, and intelligent power distribution systems in a bid to reduce the PUE ratio.
The increasing penetration of these new devices is further expected to boost the demand for UPS over the forecast period.
Analysts added that since the energy prices are rising, the need to reduce PUE ratios is also growing.
“Data centre designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser PUE ratios.
“This goal of reducing the PUE ratio is further expected to spur the demand for advanced and intelligent data centre power products over the forecast period.”