The global demand for high-density racks (>100Kw) is projected to grow at a steady CAGR of 3.8% from 2023 to 2033. By 2033, the market is expected to reach a value of USD 48.35 billion, up from an estimated USD 34.56 billion in 2023. These racks are primarily used in data centers to support high-density computing and accommodate IT and networking equipment, such as servers, switches, and routers.
North America is expected to hold a 24.6% market share in 2022, with the U.S. being one of the largest markets due to the presence of numerous exporters. Technological innovations and advancements will continue to enhance the performance of high-density racks, broadening their applications.
Europe, with a 21.4% market share, is projected to be the second-largest market for high-density racks (>100Kw), driven by the increasing need for better performance in data centers.
Key drivers for growth include a strong economic landscape, large IT budgets, and the early adoption of advanced technologies such as edge computing, High-Performance Computing (HPC), and Artificial Intelligence (AI).
In February 2022, Netrack India introduced the NRSE series high-density closed rack solution to support reliable data center operations, emphasizing the importance of selecting appropriate server racks for high-density data centers.
Key Takeaways:
- Increasing Demand for Efficiency:The primary driver for the adoption of high-density racks is the growing need for efficiency in various industries.
- Compact Equipment Demand:Compact equipment is in high demand, contributing significantly to the surge in high-density rack adoption.
- Data Center Operations:The global high-density racks market is benefiting from the rising demand for data center operations, driven by the ever-expanding digital landscape.
- Investment in Data Center Equipment:Increased investment in data center equipment is a key factor propelling the growth of this market.
- High-Performance Computing (HPC):High-density power racks are finding adoption in high-performance computing (HPC) environments, particularly in industries like Oil and Gas, where extreme computing levels are required for tasks like seismic processing.
Competitive Landscape
The High Density Racks (>100Kw) market boasts a roster of prominent industry players, including:
- 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
- Storax Limited
Key Segments Covered
By Type:
- Drive-in Rack
- Drive-through Rack
By Cooling:
- Refrigerant
- Water
- Direct Expansion
- Air Flow
By End Use:
- Distribution Centers
- Warehouses
- Food Processing Plants
- Big-box Retail Outlets
- Data Center
Report Preview: https://www.futuremarketinsights.com/reports/high-density-racks-market
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