DUBLIN–(BUSINESS WIRE)–The “Data Center Renovation Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global data center renovation market is expected to grow from $15.91 billion in 2021 to $20.32 billion in 2022 at a compound annual growth rate (CAGR) of 27.7%. The data center renovation market is expected to reach $49.80 billion in 2026 at a CAGR of 25.1%.
The main types of products in the data center renovation market are cooling, power, IT racks and enclosures, networking equipment, DCIM, and others. Cooling refers to supplementing or replacing traditional mechanical cooling with alternative equipment or methods that are enabled by higher operating temperatures.
This could foster a better flow of air within hot and cold aisle containment models and produce steady cooling results. The various applications include BFSI, IT and telecom, manufacturing, government, healthcare, and others.
South America was the largest region in the data center renovation market in 2021. The regions covered in the data center renovation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The data center renovation market research report is one of a series of new reports that provides data center renovation market statistics, including data center renovation industry global market size, regional shares, competitors with a data center renovation market share, detailed data center renovation market segments, market trends and opportunities, and any further data you may need to thrive in the data center renovation industry. This data center renovation 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.
Increasing usage of online services is expected to propel the growth of the data center renovation market going forward.
The increasing use of online services for payment, shopping, traveling, entertainment, and medical applications will increase overall data traffic across multiple sectors. This factor will encourage the data center renovation market leaders to modernize their back-end IT infrastructure to handle the ongoing market changes.
For instance, according to the report published by DataReportal, a Singapore-based business intelligence company, in April 2022, 5 billion people across the world use the internet, which is equivalent to 63% of the total world’s population. In addition, around 200 million people will be connected to the internet in the years 2021-2022. Therefore, the increase in usage of online services is driving the growth of the data center renovation market.
Surging investments in research and development activities is the key trend gaining popularity in the data center renovation market. The key market players in the industry are focusing on investing in the research and development of various technologies and processes for renovating data centers to sustain their position in the market.
For instance, in August 2020, Delta Electronics, a Taiwan-based electronics manufacturing company that provides data center services, invested around 6-7% of its sales revenue in India for research and development to enhance its business. Similarly, in May 2020, according to an article published by Business Standard, an Indian English-language daily edition newspaper, Intel, a US-based technology company, announced an investment of about USD 700 million for research and development activities focusing on innovative data center technologies.
Scope
Markets Covered:
1) By Product: Cooling; Power; IT Racks and Enclosures; Networking equipment; DCIM; Other Products
2) By Application: BFSI; IT and Telecom; Manufacturing; Government; Healthcare; Other Applications
Key Topics Covered:
1. Executive Summary
2. Data Center Renovation Market Characteristics
3. Data Center Renovation Market Trends And Strategies
4. Impact Of COVID-19 On Data Center Renovation
5. Data Center Renovation Market Size And Growth
6. Data Center Renovation Market Segmentation
7. Data Center Renovation Market Regional And Country Analysis
8. Asia-Pacific Data Center Renovation Market
9. China Data Center Renovation Market
10. India Data Center Renovation Market
11. Japan Data Center Renovation Market
12. Australia Data Center Renovation Market
13. Indonesia Data Center Renovation Market
14. South Korea Data Center Renovation Market
15. Western Europe Data Center Renovation Market
16. UK Data Center Renovation Market
17. Germany Data Center Renovation Market
18. France Data Center Renovation Market
19. Eastern Europe Data Center Renovation Market
20. Russia Data Center Renovation Market
21. North America Data Center Renovation Market
22. USA Data Center Renovation Market
23. South America Data Center Renovation Market
24. Brazil Data Center Renovation Market
25. Middle East Data Center Renovation Market
26. Africa Data Center Renovation Market
27. Data Center Renovation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Center Renovation Market
29. Data Center Renovation Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
Eaton Corporation
Schneider Electric
Cisco Systems Inc.
APL Data Center
Black & Veatch Holding Company
Panduit Corporation
Dorsalys (Eiffage Energie Systemes’)
IBM Corporation
Vertiv Group Corp.
Competitive analysis of other prominent players
Labotek
Gilford Corporation
ABB Ltd.
Raritan Inc.
Submer Technologies
Sunbird Software Inc.
Vertiv Group Co. (Vertiv Holdings Co.)
Vertiv Co.
Hewlett Packard Enterprise Company
For more information about this report visit https://www.researchandmarkets.com/r/9igip7