Low-Cost Energy Data Centre Market Size, Share & Industry Analysis, By Component ( Solution, Service ), By End-user ( Mid-Sized Data Centre, Enterprise Data Centre, Large Data Centre ), By Application ( Banking, Financial Services and Insurance (BFSI), Energy, Government and Defence, Healthcare, Manufacturing, IT & Telecom, Others ) and regional Forecast, 2024-2032

Data centres are a facility composed of several networked computers and storage devices that an organization uses to organize, store, process, and disperse large amounts of data. Any business heavily relies on data for its day-to-day operations, and most critical processes take place in data centres. Data centres utilize different information technology (IT) devices to provide these services, all of which are powered by electricity. Servers provide computations and logic in response to information requests, while storage drives house the files and data needed to meet those requests. Network devices connect the data centre to the internet, enabling incoming and outgoing data flows. The electricity used by these IT devices is ultimately converted into heat, which must be removed from the data centre by cooling equipment that also runs on electricity. As the number of global internet users has grown, so too has demand for data centre services, giving rise to concerns about growing data centre energy use. These strong growth trends are expected to continue as the world consumes more and more data. And new forms of information services such as artificial intelligence (AI), which are particularly computationally-intensive, may accelerate demand growth further. Therefore, the ability to quantify and project data centre energy use is key energy and climate policy priority.

Based on the component, the market is segmented into solution and service. UPS segment leads the growth due to the growing implementation of cloud computing coupled with the need for sensitive and ubiquitous data that has encouraged the installation of this product. Additionally, the use of portable UPS systems in services, such as software service, computing, and online media streaming, has also fueled the segment growth.

Based on the end-user, the market is segmented into the mid-sized data centre, enterprise data centre and large data centre. Mid-sized enterprise leads the market due to fewer capital requirements, mitigate implementation and operational risks and offload support and maintenance requirement.

Based on the application, the market is segmented into BFSI Banking, Financial Services and Insurance, energy, government and defence, healthcare, IT & telecom, manufacturing, and others. IT & telecom is expected to drive the market growth due to rapid upsurge in the construction of IT infrastructure. The developing telecommunication infrastructure requires data storage facilities to manage an enormous amount of data. This factor is anticipated to

propel growth in the forthcoming years

The key driver of the market is the rising power consumption in data centres globally. This is due to it is used in various sectors like BFSI, Colocation, Healthcare, Manufacturing, IT & Telecom, and others; therefore, maximum consumption of power takes place. Other factors that drive the market include growing demand for high power ratings, which will have a less current requirement, increasing demand for storage space, and rising adoption of cloud computing is driving the market leading to the rise of vast hyper-scale cloud data centres.

The key market restraint is the complexity of data centre designs, which may require simplification strategies to reduce data centre complexities, which is to be used in the IT industries to be stored. Other factors that may hamper the growth of the market include high initial investments and slowdown in the semiconductor industries.

Key Players Covered:

Some of the major companies in the low-cost energy data centre market include ABB, AEG Power Solutions, Belkin International, Benning Power Electronics, Controlled Power Company, Cummins, Inc., Cyber Power Systems B.V., Delta Electronics (Americas), Eaton Corporation, Emerson Network Power, Fuji Electric Corp. of America, GE, Legrand, Mitsubishi Electric, MTU Onsite Energy, Panduit, Phoenix Contact USA, Piller, Power Innovations International Inc., Riello UPS, Rittal, Schneider Electric,  Siemens, TDK, Toshiba Corporation, and Vertiv.

Regional Analysis:

The global low-cost energy data centre market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the highest number of data centres in the world. Various norms and regulations have been introduced and implemented by government and regulatory bodies for reducing carbon footprints and energy consumption. This has resulted in high adoption of efficient power management solutions, which is driving the market. The Asia Pacific region is expected to witness healthy growth during the forecast period owing to the rapid increase in the volume of colocation data centres in countries like India, China, and Singapore. Also, an increase in the number of telecom subscribers is to provide a positive influence on the growth of the market. In the European region, the increase in investment in big data, IoT and cloud technology is likely to increase demand for the low-cost energy data centre in countries like UK, Germany, and Russia. Data centres built in populated areas are concerned over carbon emission, which is likely to increase the adoption of efficient generator systems in the region. In the Middle East & Africa region, increasing operational business requirements are prompting enterprises to migrate from server room operations to data centre services such as managed services, colocation, and hybrid infrastructure services. Smart city initiatives in countries such as the UAE and Saudi Arabia are emphasizing the importance of data in improving communication between cities, citizens, electronics, and devices with overall smart city infrastructure.

Segmentation

Key Industry Developments

• In February 2020, Researchers at Northwestern University, Lawrence Berkely National Laboratory, and Koomey Analytics have developed the most detailed model to date of global data centre use. With this model, the researchers found that, although demand for data has increased rapidly, massive efficiency gains by data centres have kept energy use roughly flat over the past decade.


• In April 2020, On Earth Day 2020, the data centre industry is focusing on the sustainability of the environment and renewable resources. The rapid growth of cloud computing has sharpened the focus on the data centre sector's role in retooling the economy for a sustainable future.