Data Center Rack Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Data Center Rack Market in 2021?

The global data center rack market size in 2021 was valued at USD 2.5 billion, with a Compound Annual Growth Rate (CAGR) of 8.5% from 2021 to 2028. This growth can be attributed to the increasing demand for data storage solutions, the rise of cloud computing, and the need for efficient data center infrastructure.

COVID-19 Impact on the Data Center Rack Market

The COVID-19 pandemic had a mixed impact on the data center rack market. On one hand, the increased demand for remote work and online services led to a surge in data storage requirements, driving the need for more data center racks. On the other hand, disruptions in the supply chain and construction delays due to lockdowns affected the market growth.

Data Center Rack Dynamics

The dynamics of the data center rack market are influenced by factors such as the increasing adoption of cloud computing, the rise of Big Data analytics, the growing need for high-density server solutions, and the trend towards modular and scalable data center infrastructure. These factors shape the demand for data center racks and drive market growth.

Segments and Related Analysis

The data center rack market is segmented based on type, rack size, vertical, and region. By type, the market is divided into open frame racks, rack enclosures, wall-mounted racks, and others. Based on rack size, the market is categorized into 36U, 42U, 45U, and others. By vertical, the market includes IT & telecom, BFSI, healthcare, government, and others. Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

In North America, the data center rack market is driven by the presence of major data center operators and tech companies. Europe sees growth due to the increasing focus on data privacy and security. Asia Pacific is experiencing rapid expansion in data center infrastructure, especially in emerging economies like India and China. Latin America and Middle East & Africa are also witnessing growth in the data center rack market due to digital transformation initiatives.

Key Market Players and Competitive Landscape

Key players in the data center rack market include Schneider Electric SE, Vertiv Group Corp, Eaton Corporation, Legrand SA, and Huawei Technologies Co., Ltd. The market is highly competitive, with companies focusing on product innovations, strategic partnerships, and acquisitions to gain a competitive edge.

Recent happenings in the Data Center Rack Market

In recent developments, Schneider Electric introduced a new line of high-density rack solutions to address the increasing power and cooling requirements of data centers. Vertiv Group Corp partnered with Microsoft Azure to offer integrated solutions for hybrid cloud environments. Eaton Corporation launched a new series of modular rack enclosures for improved scalability and efficiency. Legrand SA acquired a leading provider of data center infrastructure solutions to expand its product portfolio. Huawei Technologies Co., Ltd announced plans to invest in next-generation data center technologies for improved performance and reliability.