Rapid Industrial and IT infrastructure Development with Rise in Demand of Data Centers
The report covers Data Center Busway Market in Global, Global Data Center Busway Market Growth Opportunities, Data Center Busway Market by ken research...
By: Ken Research
According to study, "Global Data Center Busway Market Size Study, by Product (PDUs, and Others), by End-Use (BFSI, IT & Telecom, Government, Energy, Healthcare, and Retail), and Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD Billion/Million)"
Based on type, global data center busway market is segmented into Intensive Insulation Plug Bus Duct (CMC), Air Splicing Bus Duct (BMC) and Higher Strength Enclosed Bus Duct (CFW). Based on the product type, the market is classified into Power Distribution Units (PDU) and others. Based on the wire phase, the market is defined as 3 phase 4 wire and 3 phase 5 wire. Based on end-use, the market is alienated into energy, Banking, Financial services & Insurances (BFSI), government, retail, IT & telecom and healthcare.
The market of global data center busway market is driven by increase in power consumption in data centers. Some of the other driving factors include rapid industrial and IT infrastructure development and rise in demand of data centers, rise in number of installations over the Asia Pacific region, increase in number of colocations worldwide and falling tolerance limits pertaining to data loss. Some of the other restraints slowing down the demand of semiconductor market includes rise in complexity of data center designs. In addition, the growth of market is well supported by the key opportunities towards the use of intelligent power distribution units. Moreover, some of latest key trend include the emergence of flexible power distribution systems, implementation of smart grids reducing carbon footprints and use of the next generation power monitoring & management software systems. It is expected that the global data center busway market will be reached at US $10.77 billion, by 2025.
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Ankur Gupta, Head Marketing & Communications