Market Overview
The “Offsite Data Center Power Infrastructure Market – Global Forecast to 2030” report projects significant growth for the market, anticipating a rise from $13.4 billion in 2024 to $35.4 billion by 2030, with a robust CAGR of 17.6%. This growth is driven by increasing demands for data storage and the expanding adoption of cloud computing services.
Key Market Trends
The transition towards green technologies in data centers is a prominent trend, with a focus on reducing carbon emissions through advanced cooling systems and the integration of renewable energy sources. Additionally, the market is witnessing a shift towards battery storage and fuel cell solutions as reliable power backup options to enhance efficiency.
Technological Advancements and Edge Computing
Increased reliance on edge computing and 5G technologies are shaping the market, driven by the proliferation of IoT and the demand for latency-free applications at edge offsite data centers. The expansion of hyperscale data centers by major cloud service providers necessitates robust power infrastructure to support high-capacity operations.
Geographical and Segment Analysis
North America is poised to hold the largest market share, attributed to its advanced technological infrastructure and significant investments in data center development. The report segments the market by components, including solutions and services, and verticals such as BFSI, IT & Telecom, and Healthcare, among others.
Market Opportunities and Challenges
Opportunities in the market arise from governmental initiatives promoting eco-friendly technologies and the potential for energy optimization through innovative technologies like smart grids and microgrids. However, challenges include high initial costs, energy-intensive infrastructure, and susceptibility to cyberattacks.
Competitive Landscape
Key players in the market include ABB, Schneider Electric, Eaton, and Vertiv. These companies are innovating their offerings to meet changing demands and environmental considerations. The market is also characterized by strategic collaborations and mergers, aiming to expand technical capacity and market reach.
For more information about this report visit https://www.researchandmarkets.com/r/x1asqm
Source: globenewswire.com
