Asia-Pacific (APAC): Asia-Pacific Data Center Power Market to Reach $5.34 Billion by 2027
Apr 17, 2023 | Posted by Abdul-Rahman Oladimeji
The Asia-Pacific data center power market is projected to grow significantly in the coming years, driven by the increasing demand for cloud-based services, big data analytics, and the Internet of Things (IoT). The market is expected to reach a value of $100,625.1 million over 2023-2032. According to a report, the rise in adoption of cloud computing and data analytics solutions has resulted in an increased demand for data center power. The report also indicates that the growing number of data centers in emerging economies, such as China and India, is contributing to the growth of the market.
The report also highlights that the increasing use of renewable energy sources, such as solar and wind power, to power data centers is expected to create new opportunities in the market. In addition, the development of advanced power management solutions and the increasing adoption of modular data centers are expected to further drive the growth of the Asia-Pacific data center power market. The key players operating in the market include ABB, Eaton Corporation, General Electric, Delta Electronics, Schneider Electric, and Vertiv. These companies are focusing on expanding their product portfolio and investing in research and development activities to enhance their market presence.