Elizabeth Leigh
A new market report has forecast a global datacenter power market that will become a $24 billion industry in five years, with high demand for storage providing impetus for the development.
The analysis published by Mordor Intelligence indicates a compound annual growth rate of 9.67 percent for the $15 billion sector from 2014 to 2019, London-based ReportBuyer said Tuesday.
The report identified the increasing need for ecologically friendly, reliable and secure power systems as key drivers of innovation in the sector.
An analysis of ABB, Eaton, HP and other top suppliers’ strategies are included in the study that examined market trends per subsector and geographical region from various end-user fields, including banking, healthcare, energy, government and information technology.
