Demand for efficient data centre power solutions is increasing when power consumption contributes to half of the total cost associated with a data centre, driving the MarketsandMarkets forecast that the market will grow from US$12.3 billion in 2015 to US$20.44 billion by 2020 at a CAGR of 10.7% over the forecast period.
Of this total, professional services are expected to grow at a CAGR of 13.7% during the forecast period, while data centre power services are expected to grow at a CAGR of 11.8% over the same time, MarketsandMarkets noted in its Data Center Power Market by Solution Type (Power Distribution and Measurement, Power Back-Up, and Cabling Infrastructure), by Service Type (Consulting, Professional and Integration), by End User Type, by Vertical and by Region - Global Forecast to 2020 report. The IT and telecommunications vertical in particular is expected to be worth US$7.69 billion by 2020.
An increasing number of new data centres and a need to reduce carbon emissions are influencing market trends, the consultancy said.
The key vendors providing data centre power solutions and services are ABB, Emerson Electric, Eaton, Schneider Electric, General Electric, Delta Electronics, HP, Raritan, Rittal, and Tripp Lite.
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