European Data Center Power Market size is slated to surpass USD 5 billion by 2026, according to a latest forecast report by Graphical Research.
The Europe industry growth is attributed to the rising demand for data storage due to the rise in the adoption of cloud computing, IoT, big data, and social media. The high data storage requirement is driving the need for the constructing of new data centers across the region. These facilities require highly efficient data center power solutions for maintaining business continuity. The data center managers and IT professionals are implementing intelligent power devices to reduce power consumption, operational and energy costs in data centers. The advanced power distribution and management solutions ensure maximum energy efficiency at lesser PUE ratios.
The exponential growth in data generation and consumption amid COVID-19 pandemic has positively impacted the Europe data center power market size. In February 2020, Netflix mobile app installations reported 60% increase in Italy, while Amazon Prime Video installations reported 101% increase in the same period. The rise in demand for data storage and processing has driven the demand for data centers among enterprises. These facilities require efficient power devices for ensuring reliable and highly available data centers, helping enterprises to tackle COVID-19 related risks and customer expectations.
Browse detailed statistical insights from the report, “Europe Data Center Power Market Size By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), By Component (Solution [Power Distribution Units (PDUs), UPS, Generators, Cabling Infrastructure], Service [Managed, Professional]), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Poland, Benelux), Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
The cabling infrastructure segment is expected to witness a strong demand between 2020 and 2026 owing to increasing demand for effective and reliable equipment in the data centers. The cable management products & solutions are being widely used as they can be installed easily and offer simple and modular designs. Manufacturers in the Europe structured cabling market are catering to such demands of customers by offering advanced cable management solutions. For instance, in June 2018, Corning Incorporated launched software-defined LAN infrastructure for improving adaptability, scalability, and intelligence in data centers.
The IT & Telecom application segment is estimated to register a significant growth through 2026. The launch of 5G network services in several countries including Denmark, Italy, Germany, and France is generating a large amount of data that needs to be stored and processed. The demand for high-speed 5G network and lower latency from internet devices has resulted in increased deployment of edge data centers. These data centers require continued advancements in power systems to cope with unprecedented rise in energy consumption. The integration of intelligent power managing solutions allows operators to ensure continued operation of data centers.
The European 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:
Europe Market, By Component
- Power distribution unites (PDUs)
- Cabling infrastructure
Europe Market, By Application
- IT & Telecom
The above information has been provided for the following countries: