Data Center Power Market worth $10.77 billion by 2025
Written By: Katherine Demetre
August 8, 2017
On Aug 8, 2017, Grand View Research announced that the global data center power market is expected to reach USD 10.77 billion by 2025.
According to the report, the market is majorly driven by the shift of various end-users towards hyper-scale, colocation data centers and data center facilities to result in an increasing demand for data center power equipment in the coming years.
The report also revealed that the global data center power market is expected to witness a CAGR exceeding 6% from 2017 to 2025, owing to the increasing trend towards reducing the PUE ratio for better energy management in data centers.
Lastly, the report noted that the U.S. accounted for more than 70% of the total market share of North America in 2016 and projects Asia Pacific to be the highest growing region with an increased number of co-location data centers in countries such as India and China.