What is Data Center Energy Storage Market?
The data center's energy storage has largely been used as a back-up system to manage power outages before the diesel generators are brought online. Energy storage technologies have advanced significantly, both in terms of expanding the practicality of their implementations (by increasing densities, increasing lifetimes, lowering costs, and so on) and in terms of bringing new technologies to market. The demand for data centers has increased as a result of increased demand from big data and mobile apps, as well as increased internet traffic. This rise in data center growth is causing an increase in energy demand, which is supplementing the demand for efficient power backup solutions, boosting the market growth.
The market study is being classified by Type (Tier 1, Tier 2, Tier 3 and Tier 4), by Application (Banking, Financial Services, and Insurance (BFSI), Healthcare, Manufacturing, Research and academia, Energy and Others) and major geographies with country level break-up.
ABB (Switzerland), Delta Electronics (Taiwan), Eaton Corporation plc (Ireland), General Electric (United States), Huawei Technologies Co., Ltd. (China), Legrand (France), Mitsubishi Electric Corporation (Japan), Saft Groupe S.A. (France), Schneider Electric (France) and Vertiv Group (United States) are some of the key players profiled in the study.
The global Data Center Energy Storage market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Data Center Energy Storage market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Data Center Energy Storage market by Type, Application and Region.
On the basis of geography, the market of Data Center Energy Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising the Construction of New Data Centers
- Increasing Demand for Energy Efficiency in the Data Center Facilities
- Growth in the Number of Internet Users
- Increasing Investment in Data Center Infrastructural Development in Developing Countries
- Widespread Adoption of Cloud Computing and IoT
- Surging Investment in R&D Activities by Key Players on Introducing New Product
- Lack of Awareness regarding the Benefits of Energy-efficient Data Center Energy Storage Solutions
In April 2019, Vertiv introduced the Vertiv™ HPL lithium-ion battery cabinet, for use with larger capacity Vertiv uninterruptible power supply (UPS) systems. While Vertiv was an early adopter of lithium-ion batteries for the data center, this marks the first offering with Vertiv’s own battery management system. The cabinet is ready to use with most current and legacy Vertiv three-phase UPS systems and is available in Asia.
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Data Center Energy Storage Providers, Government Regulatory and Research Organizations and End-Use Industries
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Data Center Energy Storage Market?
"Rising the Construction of New Data Centers
" is seen as one of major growth factors of Data Center Energy Storage Market in years to come.
2. Can we have customized study for Data Center Energy Storage Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.