Global Generator in Data Center Market is Expected to Grow at a CAGR of 6% Over the Forecast Period (2021 – 2029), Owing to the Increasing Demand for Efficient Power Backup Solutions in Data Centers to Reduce Server Downtime, says Absolute Markets Insights. Generators work on the principle of energy conversion, where mechanical energy is converted to electric energy through the rotation of the alternator. Generators help in providing backup power when the main supply is disrupted. Server downtime result in huge losses for the companies. For large enterprises, server downtime costs can be as high as US$ 5 Mn per hour, and around 33% of the MNCs have reported server time downtime financial losses. Therefore, data center operators are increasingly focusing on expanding their generator power backup options for having a steady flow of electricity in case of power outage. This is contributing towards the growth of the global generator in data center market.
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The COVID-19 pandemic has increased the demand for data centers and cloud computing to facilitate remote working. The growth of data center operations as a result of the Coronavirus is expected to have a positive impact on the global generator in data center market. Studies show that around 42% of the total labor force in the U.S. are working from home, predominantly due to the lockdown measures imposed by government bodies. Adequate generators and backup power options are gaining utmost importance in data centers, both independent and collocation, to ensure full-time availability of servers to aid the employees involved in remote working. In terms of revenue, the global generator in data center market was valued at US$ 4026.77 Mn in 2019, and is expected to grow at a CAGR of 6% during the forecast years (2021 – 2029). The detailed research study provides qualitative and quantitative analysis of generator in data center market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- The demand for dedicated servers amongst large enterprises to ensure data security and privacy can be seen amongst the IT and telecommunication companies such as Google, Microsoft, IBM, Amazon, etc. These companies make use of generator sets, especially diesel-based ones, to keep the servers running during power interruption.
- North America held the highest market share in the global generator in data centermarket in 2019. This is due to the higher number of data centers, especially Tier 3 and 4 data centers that are operating in the U.S. Furthermore, there is also an expansion in collocation data centers for providing public cloud computing solutions, for which backup power using generators is critical to keep the operations running around the clock.
- Some of the players operating in the generator in data center market are Aggreko, Atlas Copco SRB, Ausonia S.r.l., Caterpillar, Cummins Inc., DEUTZ AG, Generac Power Systems, Inc, HIMOINSA, Hitec Power Protection, Inmesol gensets, S.L.U., INNIO, Kohler Co., Langley Holdings plc, Mitsubishi Turbocharger and Engine Europe B.V., Perkins Engines Company Limited, PR INDUSTRIAL srl, Rolls-Royce Power Systems AG and SDMO Industries amongst others.
Global Generator in Data Center Market:
By Component
- Products
- Generator Sets
- Accessories
- Switchgear
- Batteries
- Control Unit
- Others
- Services
- Design and Development
- Training, Assessment and Consulting
- Implementation and Maintenance
- Others
By Type
- Diesel Generators
- Gas Generators
- Natural Gas
- Propane
- Dual Fuel
- Others
By Voltage Range
- Below 250 kW
- 251 kW to 499 kW
- 500 kW to 1000 kW
- 1001 kW to 2000 kW
- Above 2001 kW
By Data Center Standard
- Tier 1
- Tier 2
- Tier 3
- Tier 4
By Mobility Type
- Standby/Stationary Generators
- Portable Generators
By End Users
- Enterprise Data Centers
- Healthcare & Pharmaceuticals
- BFSI
- Retail & E-Commerce
- IT & Telecommunication
- Others
- Managed Services &Colocation Data Centers
By Distribution Channel
- Direct
- Indirect
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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