Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Data Center Rack Market size is expected to reach $6.8 billion by 2028, rising at a market growth of 9.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 11.6% during (2022 - 2028). One of the services is data center installation, which is a challenging task that requires qualified technical support. Installation service providers help with the inspection of data center rack enclosures. Installation services include mounting the server, cooling, power, and cabling infrastructure over the data center racks, and installing this equipment to be stable and not slide out of place.
The 42U & Below segment acquired maximum revenue share in the Global Data Center Rack Market by Rack Height in 2021 thereby, achieving a market value of $3.1 billion by 2028. Because practically all server manufacturers' equipment is compatible with it, it can support the heaviest load, which is more than 1000 lbs., and is easily adaptable. When the door or side panel is opened, the 42U frame's design prevents fluids from gathering on the gasket and from penetrating them. The frame system offers a number of internal surfaces and points for mounting equipment and extras.
The Open Frame segment has shown the growth rate of 11.1% during (2022 - 2028). Server racks with open frames perform similarly to rack enclosures but lack doors and side panels. Open-frame equipment racks provide many advantages, most of which are economical. The price is often less than half that of a rackmount cabinet that is completely enclosed. Open frame racks are perfect for data centers since they can be connected with a straightforward, low-cost baying kit. A rack with an open frame for equipment has very straightforward cable management.
The Large Data Centers segment is leading the Global Data Center Rack Market by Data Center Size in 2021 thereby, achieving a market value of $4.8 billion by 2028. A data center with more than 20,000 square feet of processing space is included in the large data center section. These data centers often have more than 800 racks. Large Data Centers and hyper-scale facilities require the distribution of workloads among a number of servers. Additionally, they must make sure the cooling system is as effective as feasible. As a result, these Data Centers must house several infrastructures to offer redundancy.
The Retail segment is poised to grow at a CAGR of 9.6% during (2022 - 2028). Large data center facilities are typical in the retail industry. Due to the growing requirement to retain customer, personal, financial, and stock data, it has become a data-intensive industry. The number of data centers in this industry has increased, which has raised the demand for effective data centers. With the rise of online shopping, businesses are implementing more cutting-edge technology to better serve their customers, including big data analytics, cloud computing, digital storefronts, and social networks.
The North America market dominated the Global Data Center Rack Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.4 billion by 2028. The Europe market is exhibiting a CAGR of 8.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/data-center-rack-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Schneider Electric SE, IBM Corporation, Oracle Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Fujitsu Limited, Dell Technologies, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Eaton Corporation PLC, Legrand S.A. (Legrand Group), and Rittal GmbH & Co. KG (Friedhelm Loh Stiftung & Co. KG).
By Rack Height
By Rack Type
By Data Center Size
Unique Offerings from KBV Research
North America Data Center Rack Market size & Opportunities 2022-2028
Europe Data Center Rack Market & Growth Forecast 2022-2028
Asia Pacific Data Center Rack Market Share & Industry Outlook to 2028
LAMEA Data Center Rack Market Growth, Trends & Forecasts 2022-2028