Product ID: UCMIG45I2166
Data Center LV/MV Power Distribution Market Size, Share, Growth Analysis, By Component(Hardware, Services), By Application(BFSI, Colocation), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG45I2166 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Data Center LV/MV Power Distribution Market Insights
Market Overview:
The market size for LV/MV Power Distribution in Data Centers reached a value of $2.8 billion in 2022 and is projected to experience a growth rate of more than 11% from 2023 to 2032. The surge in data center construction, driven by escalating storage needs across diverse industries, has spurred global initiatives by both governments and organizations to expand and enhance existing data center infrastructures. For instance, Global Switch, a prominent entity in data center ownership, operation, and development, is steering the Global Switch Data Center Initiative, intending to establish a network of data centers in Europe and the Asia Pacific. Additionally, the U.S. Department of Energy, alongside several public and private sector collaborators, is leading the National Data Center Optimization Initiative, aimed at bolstering the efficiency and sustainability of U.S. data centers.
Data Center LV/MV Power Distribution Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Data Center LV/MV Power Distribution Market Report Snapshots
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