PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1456989
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1456989
The global prefabricated modular data centre market is expected to grow at a CAGR of 9.82%, reaching a market size of US$7.031 billion in 2029 from US$3.650 billion in 2022.
The rapid adoption of digitalization in various industries such as healthcare, banking and finance, and communications and technology has increased the volume of big data. As such, there is a need to reduce the cost associated with the proper management, control, and storage of data, which is attributable to the increasing internet traffic and internet service usage. The growing trend of using modular facilities to reduce the complexity of traditional facilities is increasing demand for prefabricated modular data centres, which are not only less expensive and easier to deploy but also provide effective and efficient data storage.
Increasing demand for energy-efficient infrastructure
An increase in the demand for energy-efficient and portable IT infrastructure is further bolstering the market growth of the prefabricated modular data centre market globally as many enterprises are incorporating prefabricated facilities that streamline their IT operations while enhancing performance. Moreover, these facilities provide more efficient power and cooling as compared to large-scale facilities since they have a built-in aisle containment that reduces hot and cold air mixing.
Market players in the global prefabricated modular data centre market are developing environmentally sustainable solutions by incorporating energy-efficient technologies. For example, Huawei Technologies Co., Ltd. offers a product called the "FusionModule1000B Prefabricated Modular Data Center". This prefabricated data centre module is an enhanced solution that can facilitate the housing, management, and provision of power to modern Information Technology (IT) and Communication Technology (CT) equipment by using a simple, green, and reliable power-plus environment system. It can support both alternating current and direct current due to the inclusion of an integrated power system coupled with an integrated water-cooled and air-cooled in-row system that saves energy and reduces cost. Some of the additional features include an automatic fire suppression and detection system, which mitigates the threat of fires, thus protecting the data stored, and an intelligent management system for the effective management of infrastructure facilities.
Further, in February 2023, Vertiv introduced its turnkey prefabricated modular (PFM) data centre solutions, the Vertiv MegaMod and Vertiv MegaMod Plus, to the European, Middle Eastern, and African (EMEA) markets.
For IT loads up to two megawatts or more, the premium prefabricated modules can be deployed in expandable units of 0.5 or 1 megawatts. They are tested and integrated with industry-leading Vertiv power management systems, IT equipment racks, thermal management programs, and remote monitoring to provide outstanding performance and assist businesses in cutting deployment times by up to 40% when compared to a conventional data center build. All of Europe, the Middle East, and Africa (EMEA) can access the solutions.
All-in-one to witness a substantial growth rate during the forecast period
All-in-one is expected to grow at a considerable CAGR over the forecast period, which is attributable to the increasing adoption of all-in-one solutions in various industries as it can provide much better and enhanced features coupled with the ability to cater to a wide variety of applications. Moreover, this configuration helps organizations achieve scalability as it is more efficient and requires less power consumption
North America and Europe hold significant shares in the global prefabricated modular data centre market
The global prefabricated modular data centre market is divided into five regions: North America, South America, Europe, the Middle East and Africa (MEA), and Asia Pacific (APAC). The North American prefabricated modular data accounted for a significant market share in 2022 and is expected to grow at a high rate during the forecast period. This growth is attributed to the early adoption of new technologies coupled with the presence of major market players in the region. The high adoption rate of prefabricated modular data centres across different industries in countries like the U.S. and Canada to maintain a huge volume of data is further contributing to the market growth in this region.
Increasing investments in the European region to boost the adoption rate of prefabricated data centres in various end-user industries to meet their data management and storage requirements are fueling the growth of this regional market. For instance, recently in March 2020, Vertiv, a company dealing in the provision of infrastructure solutions globally, announced the launch of a prefabricated modular data centre, which has been awarded the TIER-Ready designation laid down by the Uptime Institute to achieve performance resiliency. The new and TIER-Ready certified prefabricated data centre module by Vertiv has been made available in Europe and the Middle East and Africa region.
Also, Vertiv is involved in a TIER-Ready Partnership, which is a strategic agreement between Vertiv and Uptime Institute. Under this partnership agreement, the Uptime Institute is going to carry out reviews on some of the specific models of prefabricated modules, those that need to meet the stringent requirements of the TIER Standard of Topology. Furthermore, as a part of this agreement, Vertiv has also completed an Uptime Institute TIER-ready III design review for its new product, the "Smart Mod PFM".
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