Market Trends of Norway Data Center Power Industry
IT & Telecommunication Segment to Hold 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. Moreover, the increased adoption of e-commerce services has facilitated digitization. These instances are increasing the demand for the data center power market.
- The market is achieving new records due to the increasing penetration of connected devices, including consolidation and the emergence of new players.
- The number of servers in data centers is likely to increase due to the growing demand for digital services and the changing adoption of end users, primarily focused on digital connectivity, which requires more data storage. Typically, this situation corresponds to increased demand for data centers. More data centers necessitate the increasing use of systems for power facilitation.
- The number of 5G-enabled smartphones in Norway may create more data-generating points and demand for data centers to provide the required processing platform for smartphone-centric software and online storage options in Norway.
- As COVID-19 highlighted the benefits of ‘work from home’ for employees, the regulatory support to ease employment and regulate it under the law may encourage more employees to opt for the working option, which may further contribute to more data consumption through smartphones.
Understand The Key Trends Shaping This Market
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PDUs Expected to Hold 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 components of data center and server room infrastructure, 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 are gravitating 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 growth of mega data centers in the country, 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 further increase the demand for DC facilities with intelligent PDU systems.
