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Asia-Pacific Data Center Power Market Outlook and Forecast Report, 2019-2024 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Data Center Power Market in APAC – Industry Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The APAC data center power market is expected to grow at a CAGR of over 8% during the period 2018-2024.

The increased construction of hyperscale facilities is likely to boost the data center power market in APAC. China, Hong Kong, Singapore, India, South Korea, Thailand, and Japan are witnessing major data center development. China is to lead the market with multiple hyperscale investments from cloud and colocation providers. In the Southeast Asia region, Singapore is the preferred market to construct mega facilities. The construction of these facilities is likely to grow during the forecast period.

China and Hong Kong are the leading revenue generators in the region, followed by India. In India, Adani Group announced to invest $10 billion in the development of data center parks in 2019. Alibaba, Tencent, Baidu, and Huawei, which are major clients for GDS Services, contributed over 50% of revenue in 2018. Hong Kong is expected to witness significant growth due to the construction and expansion of mega vertical projects, which are being colocated by internet and cloud service providers.

The following factors are expected to contribute to the growth of the APAC data center power market during the forecast period:

  • Digitalization drives Cloud Data Center Investments
  • Increased Construction of Hyperscale Data Centers
  • The emergence of Lithium-ion Batteries in Data Centers

The report considers the present scenario of the market during the forecast period and its market dynamics for the period 20182024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report profiles and examines leading companies and several other prominent companies operating in the market.

APAC Data Center Power Market: Segmentation

This research report includes detailed segmentation by electrical infrastructure, ups systems, generators, tier standards, and geography. The UPS systems are widely adopted to provide electricity backup for cooling systems. The adoption of lithium-ion batteries is likely to increase significantly during the forecast period. The usage of generators in the region is expected to remain high. The adoption of Diesel Rotary UPS (DRUPS) is gaining traction in countries such as Australia & New Zealand, Singapore, and Hong Kong.

With the increased construction of data centers in the region, the usage of transfer switches and switchgears is expected to grow during the forecast period. Most facilities in China & Hong Kong and Australia are adopting medium- to high-voltage switchgears. The growing awareness to reduce power consumption and wastage is driving the adoption of intelligent PDUs.

The demand for 150 kVA UPS systems is high among small- and medium-sized facilities on account of the grid inconsistency in several countries. The adoption of <=500 kVA systems will be higher among prefabricated operators than traditional brick-and-mortar facilities. However, several small- and medium-sized facilities with a density of less than 1 MW capacity are adopting <=500 kVA UPS systems. Therefore, the construction of prefabricated facilities and the increasing deployment of OCP-based infrastructure design are expected to propel growth in the next few years. The rise in mega data center projects, which are designed to be of Tier III and Tier IV standards in China & Hong Kong, is likely to increase the deployment of 2N redundant UPS systems.

Diesel generators account for a major share of the APAC power market. The adoption of these systems is higher than natural gas or bi-fuel generators. China and India are likely to be the major revenue contributors for the segment during the forecast period. Most facilities in APAC are adopting N+N redundant generators. With the increasing popularity of edge data centers, the adoption of < 1MW generators is expected to grow during the forecast period. However, strict regulations relating to carbon dioxide emissions are likely to decrease the share of the segment.

The rise in the construction of tier III facilities is increasing owing to the growing need for redundant components to support mission-critical applications. In the APAC region, several under-developed projects fall under the Tier III category, and the trend is likely to continue during the forecast period. Tier IV facilities generate high revenue with focused investment on highly efficient cooling systems. Tier IV facilities are expected to increase on account of the significant investment announcements from Apple, Facebook, AWS, Microsoft, and Google in the region.

Market Segmentation by Infrastructure

  • UPS Systems
  • Generators
  • Transfer Switches and Switchgears
  • Rack PDU

Market Segmentation by UPS Systems

  • <=500 kVA
  • 500-1000 kVA
  • >1000kVA

Market Segmentation by Generators

  • <=1MW
  • 1-2MW
  • >2MW

Market Segmentation by Tier Standards

  • Tier I &II
  • Tier III
  • Tier IV

Insights by Geography

The APAC region is expected to witness the implementation of edge computing in several countries, particularly China and India, to accommodate data growth. Several firms will also invest actively in renewable projects to run their operations. The APAC market will witness the implementation of several government regulations to decrease carbon emissions. The average PUE of data centers in the region is around 2.0, which is likely to decrease to about 1.50 by adopting innovative and energy-efficient infrastructure solutions over the forecast period.

Key Vendor Analysis

The data center power market has become highly competitive, owing to the increased demand for energy-efficient infrastructure solutions. Changing requirements of operators are prompting vendors to develop products that have more than 90% efficiency in carrying out their operations. ABB, Eaton, Schneider Electric, and Vertiv are the leading players in the power infrastructure market.

Leading vendors offering UPS systems and generators consider adding fuel deployment expertise to their portfolio as standalone solutions or through partnerships with small-scale fuel cell suppliers. The increasing deployment of OCP-based infrastructure design is likely to bring a shift in demand.

Key Market Insights include:

  • The report provides the following insights into the APAC data center power market for the forecast period 2019-2024.
  • It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the APAC data center power market.
  • The report provides the latest analysis of share, growth drivers, challenges, and investment opportunities.
  • It offers a complete overview of segments and the regional outlook of the APAC data center power market.
  • The report offers a detailed overview of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Market Dynamics

Market Growth Enablers

  • Digitalization Drives Cloud Data Center Investments
  • Increased Construction of Hyperscale Data Centers
  • High Adoption of Modular Power Infrastructure & Data Centers
  • Growing Demand for Colocation & Managed Service Providers
  • Construction of Data Centers with Rack Power of >10 kW

Market Growth Restraints

  • Issues with Power Outages & Reliability
  • Budget Constraints Limiting Operations of Efficient Data Centers
  • Location Constraints for Data center Construction
  • Increased Carbon Emissions from Data Centers

Market Opportunities & Trends

  • Rising Procurement of Renewable Energy for Data Centers
  • Software-defined Power to Monitor & Automate Power Infrastructure
  • Emergence of Lithium-ion Batteries in Data Centers
  • 5G Deployment to Spur Colocation Investments in Edge Locations

Key Power Infrastructure Vendors

  • ABB
  • Caterpillar
  • Cummins
  • Eaton
  • Schneider Electric
  • Vertiv

Prominent Power Infrastructure Vendors

  • Bachmann
  • Cyber Power Systems
  • Delta Group
  • Kinolt (Euro-Diesel)
  • Fuji Electric
  • Hewlett Packard Enterprise (HPE)
  • Hitachi Hi-Rel Power Electronics
  • Hitec Power Protection
  • KOEL (Kirloskar Group)
  • Kohler (SDMO)
  • Legrand
  • Mitsubishi
  • MTU On Site Energy (Rolls-Royce Power Systems AG)
  • Piller Power Systems (Active Power)
  • Pramac
  • Riello UPS
  • Rittal
  • Shenzhen Kstar Science and Technology
  • Socomec
  • Tripp Lite
  • Toshiba
  • Yanmar Group (HIMOINSA)

For more information about this report visit https://www.researchandmarkets.com/r/azqp4e

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ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

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Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds

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TACOMA, Wash.–(BUSINESS WIRE)–While there has been a lot of discourse around the shortage of high-skill workers in the U.S., a new study by staffing giant TrueBlue shows a significant percentage of employers are also struggling with deficits in low-skill and middle-skill workers – and dealing with a host of business challenges as a result.

According to TrueBlue’s nationwide survey, which included nearly 1,500 managers (HR, operational, and business), skills shortages are widening across skills categories:

  • 32% of managers can’t find workers to fill low-skill positions (generally classified as those that may or may not require a high school diploma and require little to no experience)
  • 46% can’t find workers for middle-skill jobs (typically require some experience and continuing education such as college courses, an apprenticeship or certification, but don’t necessarily require a four-year college degree)
  • 35% can’t find workers for high-skill jobs (typically require a four-year degree or higher and specialized experience)

Low unemployment coupled with globalization, accelerated technology advancement, and evolving work models are creating talent deficits across all skill levels within organizations,” said Patrick Beharelle, CEO of TrueBlue. “The skills supply is not keeping up with demand, which is fueling a greater intensity in an already competitive labor market and adversely impacting productivity, service quality, and revenue growth for businesses.”

Impact of Talent Shortages on Businesses

The top three business challenges managers are experiencing due to prolonged job vacancies within their organizations include:

  • Quality – More than a third of managers (35%) reported that extended job vacancies have caused lower product or service quality.
  • Turnover – 25% have seen higher employee turnover.
  • Revenue – 23% said their companies experienced a decline in revenue.

To address talent shortages and minimize associated business impact, 2 in 5 companies (41 percent) reported that they plan to raise compensation for entry-level workers and nearly half (46 percent) plan to train and hire the long-term unemployed in the coming year.

Survey Methodology

This SurveyMonkey survey was conducted online in the U.S. by TrueBlue between September 23 and October 15, 2019. It included 1,499 managers (HR, operations and general). The survey was across regions, industries, and company sizes.

About TrueBlue

TrueBlue (NYSE: TBI) is a global leader in specialized workforce solutions that help clients achieve business growth and improve productivity. In 2018, the company connected approximately 730,000 people with work. TrueBlue’s PeopleReady segment offers on-demand industrial staffing services, PeopleManagement offers contingent and productivity-based, on-site industrial staffing and driver staffing services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries. Learn more at www.trueblue.com.

Contacts

Jennifer Grasz

Vice President, Corporate Communications

jgrasz@trueblue.com
(312) 840-6327

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Law Firm of Estey & Bomberger Reports: Uber Says Nearly 6,000 Rapes, Sexual Assaults Occurred in Two-year Period

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SAN DIEGO–(BUSINESS WIRE)–The law firm of Estey & Bomberger reported today that Uber’s long-awaited sexual assault report was released Dec. 5, with the ride-hailing company admitting that 5,981* passengers and drivers were raped or sexually assaulted between 2017-2018.

“I applaud Uber for releasing the data that acknowledges there is a problem with sexual assaults occurring in rideshare. While we believe these assaults were preventable, Uber’s report represents a tremendous step for ride-hailing safety,” said Estey & Bomberger attorney Mike Bomberger. “I think there are many positive measures Uber is taking. However, Uber still has an obligation to help the victims who have been raped and assaulted and facing a lifetime of emotional pain. They will need ongoing therapy.”

Estey & Bomberger represents more than 100 ride-hailing sexual assault victims.

“It’s important to remember when reading this report that only one in three women report their sexual assault,” Bomberger said. “Therefore, the number of women who have been sexually assaulted is certainly much higher than reported here.”

Bomberger reiterated his call for all ride-hailing trips to be digitally recorded.

“We’re pleased that Uber is now testing cameras in Texas. That’s the real solution to this problem – if drivers know they’re being recorded they won’t rape and assault,” Bomberger said.

Estey & Bomberger is asking Lyft and Uber sexual assault victims, along with former employees of the ride-sharing firms, to contact its office by calling 866-964-1708 or emailing info@lyftsexualassaultlawyers.com.

*statistic courtesy NPR “Uber Received Nearly 6,000 U.S. Sexual Assault Claims in Past 2 Years,” Dec. 5, 2019.

Contacts

for Estey & Bomberger

Ed Vasquez, 408-420-6558

ed@ejvcommunications.com

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Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment — albeit at levels below long-term adequacy — the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance,” states that although rates in the non-life reinsurance market have improved modestly, pricing has not kept adequate pace with the changing risk dynamics, as illustrated by loss development from events such as hurricanes Irma and Maria and Typhoon Jebi, and potential losses from more-recent events (e.g., Hurricane Dorian). Property catastrophe pricing still is being driven by the availability of third-party capital; however, the increasing interdependence between traditional capacity and third-party capital through joint ventures, retrocession and direct ownership should serve to more closely align return objectives for the market overall. Third-party capital also represents a benefit in the form of stabilized earnings of rated balance sheets, due to tail risk being assumed by this capital.

Overall market conditions are improving, but AM Best remains concerned about insufficient rate adequacy relating to certain U.S. casualty lines, a steady decline in the benefit of favorable reserve releases and the pervasive low interest rate environment. The collective effect of these factors requires underwriting discipline, and failure to react to these pressures could adversely affect the segment.

The report outlines other factors that are driving the stable market segment outlook, including:

  • AM Best believes alternative third-party capital will hold the line on future return expectations following the recent heavy catastrophe loss years;
  • A decline in capital consumption and earnings volatility, due in part to the increased utilization of third-party capital in retrocessionaire programs;
  • Greater emphasis on underwriting discipline due to pressure on interest rates and potential slower economic growth globally;
  • Improving pricing momentum driven by higher loss costs, coupled with lower loss reserve redundancies;
  • Increased demand for non-life reinsurance due to primary companies’ recent loss experience, as well as new risk transfer opportunities and mergers and acquisitions;
  • Stable operating performance among life reinsurers, which continue to maintain defensible market positions and offer services beyond risk transfer that create hurdles for new entrants.

To access the full copy of the overall global reinsurance briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=292334.

Separate briefings on the non-life and life reinsurance segments can be viewed at:

To view a video with AM Best Associate Director Scott Mangan about the global reinsurance market segment outlook, please visit http://www.ambest.com/v.asp?v=globalreoutlook1219.

AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Robert DeRose
Senior Director
+1 908 439 2200, ext. 5435
robert.derose@ambest.com

Greg Carter
Managing Director
+44 20 7397 0288
greg.carter@ambest.com

Michael Porcelli, FSA
Director
+1 908 439 2200, ext. 5548
michael.porcelli@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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