The global Data Center Rack Market is expected to grow from USD 3.8 billion in 2020 to USD 5.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. Factors driving the growth of the data center rack market include the proliferation of data center colocation facilities and increasing server density.
Based on component, the solutions segment to hold a larger market size during the forecast period
As more organizations are building their own data centers to meet precise performance and cost objectives, the need for flexible racks and cabinets to accommodate this equipment will continue to increase. The current IT infrastructure is unable to cater to the rising data demands of end users. There is a dire need for flexible and efficient infrastructure to support modern data center performance demands. Data center racks and enclosures enable managers to store, cool, power, manage, and secure critical IT equipment.
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Based on rack type, the cabinets segment to hold a larger market size during the forecast period
Rack cabinets offer security, better cooling flexibility, and data center equipment protection from harsh environments and conditions. They focus on cooling, power distribution, cable management, and environmental monitoring, thereby providing a reliable rack-mounting environment for mission-critical equipment to function effectively. Rack cabinets are expensive and are generally preferred by organizations that require added security.
Based on rack width, the 19 inch segment to hold the largest market size during the forecast period
19 inch racks enable optimal airflow and cable management that can easily support future data center changes. These racks are mostly used for housing servers in data center facilities. 19 inch racks are the most commonly used for housing data center equipment. 19 inch racks offer the required flexibility and can be easily integrated into individual rack zones.
The data center rack market comprises major solution providers, such as Eaton (Ireland), Rittal (Germany), HPE (US), IBM (US), Cisco (US), Fujitsu (Japan), Dell (US), Schneider Electric (France), Vertiv (US), AGC Networks (India), Legrand (France), Oracle (US), Belden (US), nVent (UK), Panduit (US), Great Lakes Data Racks & Cabinets (US), Tripp Lite (US), IMS Engineered Products (US), Rahi Systems (US), and Chatsworth Products (US). The study includes an in-depth competitive analysis of the key players in the data center rack market with their company profiles, recent developments, and key market strategies. The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations; have been the most dominating strategies adopted by the major players from 2019 to 2020, which helped them strengthen their offerings and broaden their customer base.
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Schneider Electric (France) provides energy and digital automation solutions for efficiency and sustainability by combining energy technologies, real-time automation, software, and services into integrated solutions for data centers, infrastructures, and industries. It manufactures a range of products and services that include power management, Uninterruptible Power Supply (UPS) systems, surge suppressors precision cooling equipment, power conditioning equipment, software, and professional and consulting services. The company has focused its growth strategy on launching innovative products. For instance, in December 2019, the company had launched an integrated rack with chassis-based, immersive liquid cooling.
Hewlett Packard Enterprises (US), is another major player that offers IT solutions to businesses and public-sector enterprises. It operates through five segments: software, enterprise group, enterprise services, corporate investments, and financial services. Its product offerings also include enterprise IT infrastructure, including enterprise storage and server technology, networking products and solutions, IT management software, information management solutions, and security intelligence/risk management solutions. The company caters to various verticals, such as government, healthcare, and education sectors. HPE has a diversified portfolio of products and services. The company has focused its growth efforts on inorganic growth strategies such as partnerships and collaborations.
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