The Data Center Generator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Data Center Generator Global Market Report 2024, The data center market size has grown strongly in recent years. It will grow from $252.68 billion in 2023 to $274.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to enterprise it growth, mobile device proliferation, internet and digital revolution, business continuity requirements, data center consolidation..
The data center market size is expected to see strong growth in the next few years. It will grow to $388.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing digitalization, cloud services expansion, hybrid cloud adoption, sustainability and green initiatives, cybersecurity prioritization, remote workforce impacts.. Major trends in the forecast period include edge computing expansion, cloud migration, hybrid cloud adoption, ai and machine learning integration, sustainability initiatives..
The increase in the number of datacenters is expected to propel the growth of the data center generator market. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The increased demand for data center capacity is rising to unprecedented heights due to digital transformation and the rise of cloud services. Consumer-focused cloud providers and hyperscale operators are aggressively growing their operations, for which they need data center generators. In the event of a utility power outage, a data center generator can be used to supply backup power. For instance, according to Gartner, a management consultancy firm, end-user spending on the world’s data center infrastructure climbed 6% from 2020 to $200 billion in 2021. Moreover, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%. Therefore, an increase in the number of datacenters is expected to drive the growth of the data center generator market.
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The data center generator market covered in this report is segmented –
1) By Product: Diesel, Gas, Other Products
2) By Capacity: < 1 MW, 1 MW-2MW, >2MW
3) By Tier Standard: Tier I And II, Tier III, Tier IV
Major companies operating in the data center generator market are adopting a strategic partnership approach to investigate technologies facilitating the utilization of hydrogen as an eco-friendly fuel for vital data center infrastructure. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2022, Equinix Inc., a US-based Internet services company, partnered with Centre for Energy Research & Technology (CERT), a Singapore-based interdisciplinary energy research center. Through this partnership, Equinix and CERT will initiate the world’s inaugural research initiative aimed at comparing the efficiency of proton-exchange membrane (PEM) fuel cells and fuel-flexible linear generator technologies. PEM fuel cells stand out as a prominent option for hydrogen energy, while fuel-flexible linear generators provide the flexibility to seamlessly transition between various clean fuel choices, including hydrogen, biogas, and diverse renewable liquid fuels. The adoption of these technologies has the potential to enable data centers to curtail carbon emissions while satisfying the increasing demand for data, colocation, and interconnection services. The research partnership between Equinix and CERT will encompass a comprehensive evaluation of the suitability of these technologies for tropical data centers, taking into account local climatic conditions, site limitations, power requirements, supply chain considerations, fuel storage capabilities, and adherence to local regulatory policies.
The data center generator market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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