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We expect the global data center power market to exhibit a CAGR of around 6% during 2021-2026.
The sudden outbreak of the COVID-19 pandemic has augmented the demand for efficient data storage systems based on the increasing deployment of cloud-based services for work-from-home requirements.
Rapid digitization and increasing adoption of cloud computing services across several IT-based enterprises, are some of the key factors driving the global data center power market.
Based on the solution type, the global data center power market has been segmented into power distribution and measurement, power backup, and cabling infrastructure, where power backup holds the majority of the global market.
Based on the service type, the global data center power market can be divided into system integration, training and consulting, and support and maintenance. Among these system integration accounts for the largest market share.
Based on the size, the global data center power market has been categorized into mid-size data center, enterprise data center, and large data center. Currently, enterprise data center holds the largest market share.
Based on the vertical, the global data center power market can be bifurcated into BFSI, telecommunication and IT, energy, manufacturing, and others. Among these, the BFSI sector exhibits the clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America accounts for the largest market share.
Some of the major players in the global data center power market include ABB, Black Box Corporation, Eaton Corporation, General Electric, Legrand SA, Delta Electronics, Schneider Electric, Raritan Corporation, Cisco Systems, Vertiv Co., Tripp Lite, Huawei, Generac Power Systems, Fujitsu, Cyber Power Systems, Server Technology, etc.
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