Market Research Report
Data Center Generators Market Size, Share & Trends Analysis Report By Product Type (Diesel, Gas), By Capacity, By Tier Standards (Tier I & II, Tier III, Tier IV), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||937445|
|Published||Content info||108 Pages
Delivery time: 2-3 business days
|Data Center Generators Market Size, Share & Trends Analysis Report By Product Type (Diesel, Gas), By Capacity, By Tier Standards (Tier I & II, Tier III, Tier IV), By Region, And Segment Forecasts, 2020 - 2027|
|Published: May 7, 2020||Content info: 108 Pages||
Data Center Generators Market Growth & Trends
The global data center generators market size is expected to reach USD 10.9 billion by 2027 at a CAGR of 6.5%, according to a study conducted by Grand View Research, Inc. The increasing number of data centers and hyperscale facilities along with growing demand for the edge data centers, are some of the factors contributing to the rise in product demand. These generator provides reliable and cost-effective backup power solutions for data centers.
Manufacturers, such as Cummins, Inc. and Himoinsa, are introducing technologically advanced generator sets that offer remote monitoring and control. These systems allow users to remotely observe and control engine and alternator data, power system status, load levels, and control system status. The advent of such systems is expected to propel the demand for generators in the market.
North America has a substantial revenue share in the overall market owing to the presence of a large number of data center facilities in the region. In addition, presence of key companies, such as KOHLER Group and Cummins Inc., also intensifies the competition in this region and contributes to the growing revenue share. With a rise in the number of data centers in developing economies like India, the Asia Pacific regional market is anticipated to record the fastest CAGR in the next seven years.
Data Center Generators Market Report Highlights
Gas product type is anticipated to register the fastest CAGR of 8.1% during the forecast period owing to their cleaner operation and lower emission than diesel-based systems
Generators under 1 MW capacity are expected to register the highest CAGR over the forecast period owing to the increasing number of smaller and edge data centers
Growing number of hyperscale facilities is anticipated to catapult the demand for Tier IV systems in the near future
Some of the key companies include Caterpillar, Inc.; Cummins, Inc.; and KOHLER Group. These companies have established partnerships with facility developers and principal contractors to maintain their market position and share