Market Trends of Belgium Data Center Power Industry
IT & Telecommunication Segment to Hold a Major Share in the Market
• The increased adoption of cloud computing services in the country has increased the number of IT infrastructure components. Many technology companies have launched cloud services to support the digital transformation efforts of many enterprises, which is increasing the demand for the data center power market during the forecast period.
• Moreover, the data center market is achieving new records due to the increasing penetration of connected devices, including consolidation and the emergence of new players. Such cases will have a positive impact on market growth.
• Belgium has the highest number of bank branches per capita in Europe. Approximately 69% of Belgians regularly conduct business online and use online banking. In 2020, the number of internet banking subscribers in Belgium was 14.2 million. Belgian customers are increasingly using Internet banking in addition to the services provided by their local bank branches. These applications indicate increased smartphone usage, which puts more strain on the servers that power the devices. As the use of smart devices increases, data continues to grow, and storage capacity needs to expand to accommodate this uncontrollable data flow. As the market favors smart devices, data center expansion is necessary. Increasing data centers necessitates increasing the use of systems for power facilitation.
• The number of servers in data centers will likely increase as the growing demand for these digital services and the changing adoption of end users, primarily focused on digital connectivity, require more data storage. Typically, this situation corresponds to increased demand for data centers. Increasing data centers necessitates increasing the use of systems for power facilitation.
PDUs are Expected to Hold a Significant Share in the Market
• The growing focus on digitization, internet penetration, and e-commerce across the country has created a need for storage capacity, resulting in huge demand for data centers and increased power consumption. The growing need for data storage is leading to the adoption of intelligent power distribution units (PDUs) to optimize power consumption in data centers rather than simple multi-socket rack installations and servers and networking devices.
• PDUs are essential data center and server room infrastructure components, allowing real-time monitoring of power consumption, voltage, current, and other electrical parameters. This data allows administrators to make informed decisions about power allocation and capacity planning.
• By tracking power consumption trends, managers can plan for future growth and avoid exceeding power capacity, preventing overloads that can lead to equipment failure. It also helps identify inefficiencies and optimize energy consumption. This eliminates unnecessary power consumption, lowers costs, and reduces your environmental footprint. Additionally, administrators can access and control it remotely, reducing the need for physical presence and minimizing disruption to operations.
• Industrial end users gravitate toward cloud platforms such as Microsoft Azure, Google Cloud, and AWS. Growth trends indicate rapid adoption of cloud-based applications by end users. This opens the opportunity for intelligent and compact PDUs that can meet the increasing power requirements to operate such platforms.
• With the country's largest growth of massive data centers, the need for PDUs is also increasing. Faster internet speeds and the associated proliferation of accessible devices play an important role in determining and estimating national data consumption. The number of 5G mobile connections has increased significantly, which means that the penetration rate of 5G mobile in the country is high. Increased data traffic will increase demand for DC facilities with intelligent PDU systems.
