PUBLISHER: The Business Research Company | PRODUCT CODE: 1428396
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428396
Datacenter low-voltage (LV) or medium-voltage (MV) power distribution refers to the electrical distribution system utilized for supplying power within a data center. This system employs either low- or medium-voltage lines to distribute power to various components and equipment within the facility. Initially, the facility receives medium-voltage electricity, which is efficiently distributed across the data center before being stepped down to a lower voltage suitable for mechanical systems and networking equipment.
The primary components of data center low-voltage (LV) or medium-voltage (MV) power distribution include hardware and services. Hardware comprises the physical elements of a data center responsible for storing, processing, and transporting data. In the context of low voltage or medium voltage power distribution, hardware ensures a reliable and continuous power supply, crucial for the uninterrupted operation of data centers that demand significant power. These systems find application in small and medium-sized data centers, as well as large data centers across various industries such as banking financial services and insurance (BFSI), colocation, energy, government, healthcare, manufacturing, information technology (IT), telecommunications, and others.
The data center low voltage (LV) or medium voltage (MV) power distribution market research report is one of a series of new reports from The Business Research Company that provides data center low voltage (LV) or medium voltage (MV) power distribution market statistics, including data center low voltage (LV) or medium voltage (MV) power distribution industry global market size, regional shares, competitors with a data center low voltage (LV) or medium voltage (MV) power distribution market share, detailed data center low voltage (LV) or medium voltage (MV) power distribution market segments, market trends and opportunities, and any further data you may need to thrive in the data center low voltage (LV) or medium voltage (MV) power distribution industry. This data center low voltage (LV) or medium voltage (MV) power distribution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The data center low voltage (lv) or medium voltage (mv) power distribution market size has grown rapidly in recent years. It will grow from $3.17 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth observed in the historical period can be attributed to factors such as the growing demand for data storage, the expansion of cloud computing, an increasing reliance on digital technologies, the rise in internet usage, and the adoption of big data analytics.
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 anticipated growth in the forecast period can be attributed to the rise in data traffic, the expansion of edge computing, an increasing demand for high-performance computing (HPC), the transition to 5G networks, and a focus on energy-efficient data center solutions. Key trends expected in the forecast period include the adoption of modular and scalable power distribution solutions, an increasing use of renewable energy sources in data centers, an emphasis on energy efficiency and sustainability, the deployment of smart grids in data centers, and the integration of digital twins for data center management.
The anticipated surge in cloud computing adoption is set to drive the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market. Cloud computing involves the delivery of computer services, including storage, processing power, and software applications, over the Internet. Organizations leverage cloud computing to centralize data storage and analysis, streamlining operations and reducing the reliance on on-site servers that consume substantial electricity. The resulting interconnected infrastructure facilitates proactive adjustments, enhanced energy efficiency, and sustainability, contributing to greener data center power distribution systems. Eurostat reported in December 2021 that 41% of organizations utilized cloud computing services in 2021, reflecting a 5-percentage point increase from 2020. Larger organizations demonstrated a significant adoption rate of 72% in 2021, up by 7.0% from the previous year, underscoring the driving force of cloud computing adoption in the data center low voltage (LV) or medium voltage (MV) power distribution market.
The adoption of 5G connectivity is poised to be a catalyst for the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market. 5G connectivity, the fifth generation of wireless technology, brings faster internet speeds, lower latency, and increased capacity for enhanced connectivity. Low-voltage (LV) or medium-voltage systems in data centers play a pivotal role in efficiently powering and supporting high-speed, low-latency data processing and transmission within the 5G ecosystem. Data from 5G Americas in April 2023 revealed a 76% increase in global 5G wireless connections from the end of 2021 to the end of 2022, reaching 1.05 billion, with a projected rise to 5.9 billion by the end of 2027. This indicates a significant impact of 5G connectivity adoption on driving the data center low voltage (LV) or medium voltage (MV) power distribution market.
A key trend gaining traction in the data center low voltage (LV) or medium voltage (MV) power distribution market is product innovation. Major companies operating in this market are channeling efforts into developing innovative products to fortify their market positions. For instance, Vertiv, a prominent US-based provider of data center equipment and services, expanded its power distribution portfolio in October 2022 by introducing Vertiv Powerbar iMPB. This modular busbar solution is designed to offer seamless, on-demand power upgrades in dynamic data center environments. The Vertiv Powerbar iMPB series, available in copper and aluminum conductor options, covers a range of capabilities from 160 amps to 1,000 amps, providing reliable overhead power distribution while optimizing cooling airflow. The system caters to data centers of varying sizes and designs, contributing to the ongoing innovation in the data center low voltage (LV) or medium voltage (MV) power distribution market.
Major companies in the data center low voltage (LV) or medium voltage (MV) power distribution market are strategically focusing on the development of updated versions featuring advanced architecture, notably IoT-enabled architecture. This architecture integrates Internet of Things (IoT) devices and connectivity to enhance monitoring, control, and data analytics, leading to improved functionality. Schneider Electric, a well-established France-based company specializing in digital automation and energy management, launched EcoStruxure Power in December 2021. This updated version of the power distribution system is designed to deliver reliable, always-on power across various applications, including data centers. Featuring enhanced cybersecurity, improved connectivity, and predictive analytics, the release aims to reduce electrical fires and enhance safety for both equipment and personnel. The IoT-enabled architecture plays a crucial role in digitizing and simplifying electrical distribution infrastructure, ensuring uninterrupted power and effective integration of renewable energy sources in the data center low voltage (LV) or medium voltage (MV) power distribution market.
In November 2021, Vertiv Holdings Co., a leading US-based provider of data center equipment and services, completed the acquisition of E&I Engineering Ireland Limited and its subsidiary, Powerbar Gulf LLC, for $1.8 billion. This strategic move enhances Vertiv's capabilities in delivering integrated power solutions tailored to the unique needs of its clients. The acquisition of E&I Engineering Ireland Limited, an Ireland-based provider of LV (low voltage) and MV (medium voltage) power distribution solutions, positions Vertiv to capitalize on the advantages offered by such systems, including cost savings, reduced voltage losses, and stable power distribution over distance in large-scale data centers.
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.
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
The countries covered in the data center low voltage (lv) or medium voltage (mv) power distribution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The datacenter low voltage (LV) or medium voltage (MV) power distribution market consists of revenues earned by entities by providing services such as power monitoring and management, power redundancy configurations, power capacity planning, and power usage efficiency (PUE) optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The data center low voltage (LV) or medium voltage (MV) power distribution market also includes sales of medium-voltage switchgear, low voltage (LV) or medium-voltage (MV) transformers, low voltage (LV)switchgear or switchboard, the power control center (PCC), the motor control center (MCC), power factor correction or harmonic filtering, and bus connections which are used in providing power distribution services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data center low voltage (lv) or medium voltage (mv) power distribution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data center low voltage (lv) or medium voltage (mv) power distribution ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The data center low voltage (lv) or medium voltage (mv) power distribution market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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