The data center low voltage (lv) or medium voltage (mv) power distribution market size is expected to see rapid growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to rise in data traffic, expansion of edge computing, increasing demand for high-performance computing (hpc), transition to 5g networks, focus on energy-efficient data center solutions. Major trends in the forecast period include adoption of modular and scalable power distribution solutions, increasing use of renewable energy sources in data centers, emphasis on energy efficiency and sustainability, deployment of smart grids in data centers, integration of digital twins for data center management.
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Segmentation & Regional Insights
The data center low voltage (lv) or medium voltage (mv) power distribution market covered in this report is segmented –
1) By Component: Hardware, Services
2) By Data Centre Sizes: Small And Medium-Sized Data Centers, Large Data Centers
3) By Application: Banking Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, IT (Information Technology) And Telecom, Other Applications
North America was the largest region in the data center low voltage (LV) or medium voltage (MV) power distribution market in 2023. The regions covered in the data center low voltage (lv) or medium voltage (mv) power distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising adoption of cloud computing is expected to propel the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market going forward. Cloud computing distributes computer services such as storage, processing power, and software applications through the Internet. Cloud computing allows organizations to store and analyze massive quantities of data in centralized data centers, simplifying operations and decreasing the need for on-site servers that use a lot of electricity. This interconnection enables proactive changes, improved energy use, and sustainability, resulting in greener and more efficient data center power distribution systems. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5-percentage point (pp) rise from 36% in 2020. Furthermore, Cloud computing was prevalent in big organizations, as 72% utilized it in 2021, a 7.0% increase over 2020. Therefore, the rising adoption of cloud computing will drive the data center low voltage (LV) or medium voltage (MV) power distribution market.
Key Industry Players
Major companies operating in the data center low voltage (lv) or medium voltage (mv) power distribution market report are Siemens AG, Cisco Systems Inc., Schneider Electric SE, Mitsubishi Electric Corp., ABB Ltd., Cummins Inc., Eaton Corp., Legrand, Vertiv Holdings Co., Generac Power Systems, Leviton Manufacturing Company Inc., Panduit Corp., Socomec SAS, CyberPower Systems Inc., Kohler Power Systems, Chatsworth Products, Thorne & Derrick International, Anord Mardix (USA) Inc., Server Technology Inc., Rittal GmbH & Co. KG., Delta Electronics Mfg. Corp., Emerson Electric Co., Staco Energy Products Co., PDI Solutions LLC, Raman Power Technologies Ltd.
The data center low voltage (lv) or medium voltage (mv) power distribution market report table of contents includes:
1. Executive Summary
2. Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Characteristics
3. Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Trends And Strategies
4. Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market – Macro Economic Scenario
5. Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Size and Growth
……………………………………
32. Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Competitive Benchmarking
33. Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market
35. Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Future Outlook and Potential Analysis
36. Appendix
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