The North America Data Center Power Market would witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Large data centers are made up of high-density server racks and can cover an area of more than 25,000 square feet. They provide superior ceiling service deployment and smooth production floor operations. They use Computer Room Air Handler and Precision Air Handling Unit equipment that are extremely energy efficient. Better PDUs that improve efficiency and regulate losses are also included. When compared to mid-sized and business data centers, these data centers use more power. This is due to the expanded data center architecture as well as more sophisticated servers, storage, networking, and equipment, all of which necessitate effective data center power management and monitoring solutions. Major data centers are used by large organizations with high-density cloud computing systems. Large data centers are used for storage by data center power systems, which provide consistent power delivery to both private as well as hybrid cloud platforms. They lower capital and operating costs while also providing data security. The rising usage of large data centers among large organizations would majorly benefit the data center power market.
A data center provider nowadays is responsible for not only monitoring capacity planning management, but also having the ability to monitor, control, and report on energy efficiency. 3-phase power should be considered as the major power supply for a new data center, hardware refresh, and upgrades. These factors are propelling the growth of the data center power market in the future.
There is a rapid adoption of the latest and modern technologies in this region. According to the International Trade Administration, the Canadian ICT sector is heavily reliant on international trade, importing $33.7 billion in goods and exporting $10 billion in 2020. The United States is Canada's second-largest provider of ICT goods. Moreover, it is also the leading market for Canadian ICT exports, with $6.7 billion expected to be exported to the US in 2020. Ontario (US$25.5 billion), British Columbia (US$3.6 billion), Québec ($2.8 billion), and Alberta (US$1.1 billion) led the way in overall ICT imports in 2020. The ICT market in Canada is predicted to develop through 2025. Canada has a thriving domestic technology industry.
The Canadian Information and Communications Technologies (ICT) sector employ around 43,200 people. The computer and software services businesses account for the vast majority. The industry is dominated by small businesses, with 35,500 of them employing lesser than ten people. Around 100 significant companies employing more than 500 people, including subsidiaries of international multinational corporations, make up the total. Due to this, data generation is rapidly increasing across North America.
The US market dominated the North America Data Center Power Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,261.3 million by 2028. The Canada market is estimated to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.6% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Operating Environment, the market is segmented into Windows OS, Unix OS, and Linux & other Open Source OS. Based on End User, the market is segmented into BFSI, Retail, IT & Telecom, Public sector & utilities, Energy, Manufacturing, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Center Power Market is Estimated to reach $13 Billion by 2028, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, Legrand S.A., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), ABB Group, Eaton Corporation PLC, Mitsubishi Electric Corporation, Vertiv Holdings Co., Delta Electronics, Inc., and Cisco Systems, Inc.
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