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APAC Data Center Power Market revenue to cross $4 Bn by 2026
Published Date: 2021-05-21
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APAC Data Center Power Market size is estimated to reach USD 4 billion by 2026, according to a latest forecast report by Graphical Research.
The Asia Pacific data center power industry growth is due to the flourishing industrial sector in countries including India, China, and Japan. The proliferation & adoption of technologies, such as cloud, IoT, and AI, in the region will support the demand for robust power supply solutions for these compute-intensive tasks. Technologies incorporated into the systems by manufacturing firms will lead to a rise in the amount of data generated, leading to the mounting pressure of constructing new IT infrastructures.
The ongoing COVID-19 pandemic negatively impacted the data center power market growth in 2020 owing to the lockdowns imposed in different countries. The market witnessed slight recovery from the downfall in the second half of 2020 following the relaxations in the lockdown measures. The unpredictable trade relations of China with several countries including India disrupted the supply chains in 2020.
With the rapid adoption of cloud computing, services that enable the migration from traditional infrastructure to cloud-based solutions will witness a high demand. Professional services help to optimize IT infrastructure, operations, and management to ensure smooth performance of the power supply components. There is an increasing demand for professional services that enable to modernize IT infrastructure and improve the scale and efficiency of data centers. There will be a high demand for customized services that cater to specific business challenges to ensure the optimum functioning of the data center power infrastructure.
Browse detailed statistical insights from the report, “Asia Pacific Data Center Power Market Size By Component (Solution [Power Distribution Units (PDUs), UPS, Generators, Cabling Infrastructure], Service [Managed, Professional]), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
The expanding BFSI sector adopting advanced digital technologies will boost the market growth. The growing popularity of contactless payments, mobile wallets, POS terminals, and online banking has resulted in high data traffic over the recent years. In Japan, around 24 million people used their smartphones for payment at POS terminals in 2019. As increasing number of consumers use digital payment techniques and online banking, data center downtime can result in loss of vital information and inconvenience to users.
The APAC data center power market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
Asia Pacific Market, By Component
- Power distribution units
- Cabling infrastructure
Asia Pacific Market, By Application
- IT & telecom
The above information has been provided for the following countries:
- Asia Pacific