Global data center market is estimated to grow at a substantial CAGR of 10.21% during the period 2018-2022 as the scope, product types, and its applications are increasing across the globe. On the other hand, there are factors that may hamper the growth of the market including high initial cost of investment. Data center market may be explored by type, application, and geography. Data center market may be explored by electrical solution as Power backup, Power distribution, and measurement and Cabling infrastructure. The “power distribution and measurements” segment led the data center market in 2016 and is anticipated to maintain its dominance by 2022. The key factor that could be attributed to the growth includes advancement in the technology.
Data center market may be explored by mechanical solution as chillers, air conditioning, cooling tower, economizers, management system, server cooling, and others. Based on user type, the data center market may be classified as mid-size data center, large data center, and enterprise data center. The “telecom and it” segment led the data center market in 2017 and is anticipated to maintain its dominance by 2022. Similarly, The “North America” segment led the market in 2017 and is anticipated to maintain its dominance by 2022. The key factors that could be attributed to the growth include groping importance of community cloud systems, rising technological development, and increasing investments in data centers. North America is likely to be followed by Europe and Asia-Pacific.
The key players contributing to the robust growth of the data center market comprise Hitachi Vantara, Inventec, Juniper, Extreme Network, Bosch Security Systems (Robert Bosch), Altima Technologies (Net Zoom), KKR Investment Group (Aceco TI S.A.), M+W Group, Vertiv, Trane (Ingersoll Rand), Cummins, Structure Tone, Syska Hennessy Group, Caterpillar, HDR Architecture, ABB, General Electric, Jones Engineering, Mitsubishi Electric Corp., AECOM. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.