The high density racks (>100Kw) market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of USD 48.35 billion by 2033, while the market is likely to reach a value of USD 34.56 billion in 2023.
Attributes | Details |
---|---|
High Density Racks (>100Kw) Market CAGR (2023 to 2033) | 3.8% |
High Density Racks (>100Kw) Market Size (2023) | USD 34.56 billion |
High Density Racks (>100Kw) Market Size (2033) | USD 48.35 billion |
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From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 3.5%. High density racks are primarily useful at places where space costs are high and are beneficial to users mainly to ensure that the design and size of the zone are big enough to accommodate growth for at least five to ten years of capacity.
High density racks support Information technology and various networking equipment, which includes switches, servers, and others in data centers and are primarily used to support high density computing. The demand for high density racks (>100Kw) is projected to record a CAGR of 3.8% between 2023 and 2033, totaling around USD 48.35 billion by 2033.
Increasing Demand for Compact Equipment to Spur Sales
The need for efficiency coupled with the demand for compact equipment primarily increases the adoption of high density racks. Further, rising demand for operations related to data centers & increasing investment in data center equipment is the key factors boosting the growth of the global high density racks market.
High-performance computing (HPC) environments such as the Oil and Gas industry to manage and analyze the extreme levels of computing involved with seismic processing are primarily adopting high density power racks.
Increase in Cost May Impede the High Density Racks (>100Kw) Market Growth
An increase in the cost of cooling and high energy cost are the key factors restraining the growth of high density racks & thus hampering the global high density racks market.
Country | Revenue Share % (2022) |
---|---|
United States | 13.9% |
Germany | 3.6% |
Japan | 5.6% |
Australia | 2.4% |
Country | CAGR % (2023 to 2033) |
---|---|
China | 4.4% |
India | 4.8% |
United Kingdom | 2.8% |
Technological Innovation across the United States to Favor Sales in the Region
The North American high density racks (>100Kw) market accumulated a market share of 24.6% in 2022. The United States held a market share of 13.9% of the global market in 2022. On a geographic basis, the United States is anticipated to be one of the leading high-density racks (>100Kw) markets due to the presence of a lot of exporters. Technological innovation and advancement may optimize the product's performance, making it more widely used in various applications.
Need for Better Performance to Continue to Drive the Demand
The European region held the second-leading high density racks (>100Kw) market share of 21.4%. An indispensable need for better performance is expected to increase the demand for high density racks (>100Kw).
A strong economic landscape, huge IT budgets, high technology assimilation, and the early adoption of advanced technologies, such as edge computing, High-performance computing (HPC), and AI, are expected to boost the demand.
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Category | By Technology Type |
---|---|
Leading Segment | Rotary Type |
Market Share (2022) | 30.0% |
Category | By Driver Type |
---|---|
Leading Segment | Electric |
Market Share (2022) | 35.0% |
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interests of potential buyers and create a larger customer base. For instance,
In February 2022, Netrack India announced the launch of the NRSE series high-density closed rack solution for a robust data center. To handle high-density applications, high-density data centers play a significant role. Therefore, server racks and cabinets form the base of data center capability. Different cabinets can be found for data center applications. Choosing the right server rack for a high-density data center is crucial for its functionality.
Ultra-rigid enhanced racks are the best choice for high-density data centers and server room applications. They are made of steel sheets punched, bent, and welded into desired shape and size.
The product is then powder-coated to ensure the highest quality standards under stringent ISO 9001 | ISO 14001 | ISO 27001 | ISO 45001 manufacturing & quality management system. Such standard rack configurations are manufactured with 4 No. Pillars of 14 Gauge steel sheets, multi-folded profiles joined at both top and bottom with textured frame.
Prominent players in the High Density Racks (>100Kw) market are Ridg-U-Rak, Emerson Electric Co., Eaton, AK Material Handling Systems, VALERACK, Hewlett Packard Enterprise Development LP, HUAWEI Technologies CO LTD., Belden Inc., Redirack Storage Systems and Storax Limited.
In February 2020, during the Huawei Industrial Digital Transformation Conference 2020, Huawei officially launched its all-new UPS power module globally. The product enables the power density of a single module to reach 100 kW/3 U, twice that of industry standards1. Huawei’s FusionPower2.0 data center power supply and distribution solution is based on the 100 kW module and achieves the '1MW, 1 Rack' standard rack can support 1MW power principle with a footprint that is more than halved, facilitating improved data center utilization and increased revenue.
Data centers have become more complex with the development of AI, big data, cloud computing, and Internet of Things (IoT). With the continual evolution of IT computing capabilities and corresponding CPU and server power improvements, high-density solutions may gain favor. Power supply and distribution systems in traditional large data centers face a myriad of issues, including low reliability, high power consumption, large footprint, and difficult O&M.
North America is projected to emerge as a lucrative market.
The growth potential of the market is 3.8% through 2033.
The rising high energy costs are likely to limit market growth.
The United States is likely to capture a share of 13.9% of the global market.
The market is estimated to secure a valuation of USD 34.56 billion in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Drive-in Rack 5.2. Drive-through Rack 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Cooling 6.1. Refrigerant 6.2. Water 6.3. Direct Expansion 6.4. Air Flow 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Distribution Centers 7.2. Warehouses 7.3. Food Processing Plants 7.4. Big-box Retail Outlets 7.5. Data Center 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Ridg-U-Rak 18.2. Emerson Electric Co. 18.3. Eaton 18.4. AK Material Handling Systems 18.5. VALERACK 18.6. Hewlett Packard Enterprise Development LP 18.7. HUAWEI Technologies Co Ltd. 18.8. Belden Inc. 18.9. Redirack Storage Systems 18.10. Storax Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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