How Is Data Center Power Generators Market Driven by Migration from Server Rooms to Data Centers?

The data center power generators market valued $5,097.1 million in 2021, which will grow with a CAGR of 5.9% from 2021 to 2030. At this rate, it is expected to reach $8,572.6 million by the year 2030. The increasing demand for customized generators is the major factor leading to the market growth. Moreover, the growing production of data that large organizations need to store, manage, and analyze is resulting in the rise in the fabrication of new data centers. The launch 5G networks and increasing adoption of IoT are also elevating the market growth.

Large data centers require power reliability due to their expansive infrastructure. It becomes crucial to have power backup equipment in order to protect critical equipment from power failures and surges. Large data centers demand efficient solutions for power monitoring and management for their servers, security systems, networking devices, and HVAC equipment. Enterprises that use cloud computing extensively require generators in data centers as a necessity. Thus, the rising count of hyper-scale facilities drives the use of DRUPS systems.

The highest growth rate in the data center power generators market will be witnessed by 0–1.5-MW-power-capacity generators, ascribed to their growing adoption in small-scale data centers, considering their cost-effectiveness. Moreover, a large number of data storage and management facilities requiring a power supply of <5 MW are being constructed to keep operational costs to the minimum. Thus, with most of the data centers in developing countries being developed with a lower power requirement in mind, the sale of these variants will keep rising.

North America held a significant data center power generators market share, of 39%, in 2021. It was due to the proliferation of public cloud and hybrid cloud services. Cloud data center developers and colocation and telecommunication service providers are the major contributors to generator sales. Big players in the market, such as Caterpillar Inc., Generac Holdings Inc., and Cummins Inc., are also present in the region, as are major IT firms, such as Facebook, Amazon, Microsoft, IBM, and Accenture.

Thus, the increase in the internet usage is leading to the expansion of the market, with the growing migration from server rooms to the cloud.

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Japan Diesel Generator Set Market to Reach Approx $1,816 million by 2030

The Japan diesel generator set market stood at approximately $1,120 million in 2021, and it is expected to grow at a rate of almost 6% by the end of this decade, to touch a value of about $1,816 million by 2030. The growth of the industry will be pushed by the surge in population in the cities and the high frequency of power cuts faced by a huge share of the population of the nation, because of natural calamities.

Japan is among the most-densely urbanized nations in the world. Among its 47 regions, only seven have a below 1 million population.  As per the World Bank, the urban population increased from about 91% of the total in 2010 to about 92% in 2020. Consequently, the urban areas are in need of a huge amount of electric power to meet the ends of the people. Thus, the requirement for generators is on the rise in the nation for meeting the demand for backup power.

In 2021, the commercial sector had the largest share in Japan diesel generator set market, and it will grow at a rate of about 6% by the end of this decade. Over the last ten years, companies in Japan are attentive to the future, as they begin businesses for long-term affluence. As opposed to 2020, both the hospitality and retail industries are expanding, because of the domestic company divestitures meant to reinforce the sectors.

Mavens of the Japan diesel generator set market are emphasizing on the innovation of the mechanism and power system of diesel gensets, for meeting the precise requirements of inhabitants of Japan. For example, in January 2022, Cummins Inc. introduced the C550D5 and C500D6 series diesel generators for prime and replacement purposes, in the country. This series is intended to offer an advanced power density as opposed to 15 and 16-liter alternates with a displacement of 42 kVA per liter.

Japan is a country that is often struck by natural disasters, and due to this, there is a frequent power outage in the country. This is the main reason for the increasing need for diesel gensets in the country.

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Why North America Rules Video Surveillance as a Service Market?

By 2030, the global video surveillance as a service market is predicted to touch $13,584.3 million, since being valued at $2,992.4 million in 2021. The market will grow at an 18.3% CAGR from 2021 to 2030 owing to the rising number of smart cameras and several accompanying sensors, which has resulted in an inclination toward in-band analytics. This combination of variables will augment growth in the market. For instance, there is extensive use of in-band analytics, smart cameras, and other techniques to facilitate operations.

The enormous adoption of cloud-based services is creating lucrative opportunities for the video surveillance as a service market. The swift adoption of technology will help the market players to adapt to the shifts in the tastes and preferences of the consumers and the existing market dynamics. Thus, the rising availability of higher frequency bandwidths and various innovations made in cloud computing technology will drive the global market. Users in the surveillance industry are robustly using cloud-based services to cater to their requirements. There is an inherent benefit of swifter response, evidence tampering prevention, and enhanced reach.

VSaaS Size and Share Analysis Forecast to 2030

The surging internet penetration will spur the video surveillance as a service market growth. A market share of at least 35% is held by the hosted category, based on type. This can be ascribed to the extensive utilization of hosted video surveillance as a service in the development of smart cities, and the retail and residential sectors. Moreover, swift-paced internet connectivity, profit-orientation of 5G services, and the surging mobile phone penetration will propel growth in this industry. The lower subscription fees will account for higher sales.

Within the vertical segment, the BFSI sector will generate high revenue in the video surveillance as a service market on account of the rising disposable income of the people. The VSaaS provides several benefits including surveillance data access, adding devices flexibility, and lower initial costs. Because of this, these devices are being highly integrated into financial institutions to keep an eye on staff and customers. Furthermore, it also reduces the threats of robberies and kidnapping, enabling the detection of frauds at cash centers to deploy security within banking processes.

North America rules the video surveillance as a service market, accounting for approximately 40% of the total revenue. This can be credited to extensive government support, rising threats of terrorism, and surging crime rates in the region. The most usual users of VSaaS are office spaces, restaurants, and hotels. There is an increasing installation of modern surveillance systems by the government in public spaces. In addition, it is also working to expand the usage of these services in the infrastructure and defense industries. 

Moreover, there is a consistent growth in the European industry because of extensive government support, greater deployment of technologically advanced devices in numerous sectors, coupled with a rising integration of cloud-enabled VSaaS. In addition, APAC will also not lag due to the rising preference for the smart city concept and greater concerns about safety among the citizens in the digitalized era. Thus, the market will boom in the coming years globally.

Hence, extensive government support and rising internet penetration will drive the market.

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Why Is North America Dominating Carbon Capture, Utilization, and Storage Market?

By 2030, the carbon capture, utilization, and storage market are expected to generate $17,835.6 million value, from $2,037.0 million in 2021. The increasing emphasis on lowering carbon emissions, the government plans to achieve carbon neutrality in 2050, and the growing demand for CO2-EOR methods are the main drivers cited for the market's rise.

Startups engaged in the creation of cutting-edge carbon capture technology are receiving funding from investors and venture capital firms. For instance, Despite the COVID-19 epidemic, VC-backed firms got investments totaling over $325 million in 2020, an increase of almost $75 million from the previous year.

Additionally, commercial methods for deploying CCUS systems have shifted away from the development of massive, standalone installations and toward the development of industrial hubs with common CO2 storage and transfer facilities. The installations offer large economies of scale and low commercial risks because of innovative business models that concentrate on transportation and storage services.

In the past, the North American carbon capture, utilization, and storage market contributed to more than 35% of total revenue; this position is anticipated to hold during the projection period. This is attributed to both the rising integration of CCUS projects with anticipated liquified natural gas developments in the region and the rising demand for goods and fuels with a smaller carbon footprint.

However, over the projection period, the APAC carbon capture, utilization, and storage market are anticipated to develop at the quickest rate. This is because most brand-new projects are being developed in developing nations, where pollution is high. There are additional benefits for businesses to locate their projects in APAC due to the region's excellent geology for carbon sequestration.

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Frequent Power Outages Help the Growth of Malaysia Diesel Generator Set Market

The Malaysia diesel generator set market was around $83 million in 2021, and it will propel at a growth rate of about 2% in the coming years, to reach nearly $98 million by 2030. This is due to the fact that the Malaysian government is focusing on growing infra development, with plans to construct 1 million houses for catering to people below the 40% income bracket by 2029.

The above 750 kVA generator set had the largest demand in the Malaysia diesel generator set market in 2021, and it will grow at a growth rate of around 2% in the near future. The demand for these generators chiefly arises because of applications in the industrial sector. During the last 20 years, the country has manufactured 40% of the global production of hard disk drives, and it is one of the major exporters, leading to industrial sector growth.

In 2021, the demand from the commercial sector in Malaysia diesel generator set market  was the highest, and it will increase at a growth rate of 2% by the end of this decade. Over the last 10 years, the nation has become a popular center for medical tourism, ICT, and logistical services. Likewise, it is situated at the center of the market in Southeast Asia.

Key players in the Malaysia diesel generator set market are involved in numerous strategic developments, for instance, product introduction, to remain competitive in the market. For example, Cummins Inc. revealed the EC-AGS+ wireless system in September 2021, for Onan gas and diesel generators. It lets users regulate the generators with the help of a mobile app. The wireless control lets autonomous, manual, and voice activation start diesel generator sets, offers reminders for maintenance via Bluetooth, and allows climate monitoring.

The demand for diesel generators in Malaysia is increasing day by day, because of the frequent power outages, and a need for an uninterrupted power supply.

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How Does Expansion of Healthcare Sector Boost Medical Polymer Market?

In 2021, the medical polymer market generated $17,842.5 million, and it is expected to reach $36,035.3 in 2030, advancing at a rate of 8.1% from 2021 to 2030, ascribed to the market proliferation, and rise in the expenditure on healthcare.  Moreover, North America captures the massive market share, accounting for 41.8%, led by the surge of healthcare facilities and advancements in medical technology. The rise in the U.S. population is also expected to increase the demand for hip and knee implants, dental base materials, and tooth implants further increasing the demand for medical-grade polymers.

The North America medical polymer market is expected to grow by the rising demand for such plastics in pharmaceutical packaging applications, due to expansion of the Canada’s pharmaceutical industry. In addition, numerous manufacturers of medical components and devices in the U.S. are utilizing medical polymers for their products. In addition, the penetration of the major medical-grade plastics manufacturers and suppliers boosts the market.

Europe is the next-significant contributor to the medical polymer market, attributed to favorable reimbursement and growing political support for medical devices. In addition to this, the upgradation in the medical device directives is expected to enhance the medical products with technological advancements and increased safety. It is thus expected to result in a market boost, causing a significant rise in the demand for the project.

The surge in the usage of medical polymers in the production of medical devices, packaging, and surgical instruments, resulted in the rising requirement for polymers, due to the massive increase in the healthcare industry. Moreover, plastics are widely used in the packaging of medical devices, wound care, orthopedic soft goods, and other healthcare products.

Therefore, the expansion of the healthcare industry, with increasing demand for medical devices, and the rising elderly population proliferate the market.

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How Does Emerging Economies Impact Medical Polyether Ether Ketone Market?

The medical polyether ether ketone market generated $582.4 million in 2021, and it is expected to rise to $1,146.6 million in 2030, advancing at a rate of 7.8% from 2021 to 2030, ascribed to the massive replacement of the metallic implants made from PEEK, due to increasing government funding to healthcare services and the emergence of private players.

Moreover, high-performance plastic garners have a high preference among materials for trauma fixation, dental implants, cardiovascular devices, and numerous other applications. In addition, the rise in the geriatric population in Asian, North American, and European countries, along with rising sports injuries are expected to boost the market.

The rapid industrialization, and increase in the research activities in the developing countries, more preferably in the APAC region boost the medical polyether ether ketone market, due to an increase in the manufacturing of PEEK-based medical products. In addition, the major players in the market are focusing on a range of strategic plans for business development, such as investments, partnerships, and product launches to advance their position in the market. Thus, it has resulted in high-grade polymers for devices & medical implants.

North America contributes significant revenue to the medical PEEK market, ascribed to the expansion of healthcare facilities, and innovations in medical devices. Moreover, the surging requirement for stents, heart valves, spine implants, and knee and hip implants led by the growing population in the country, results in an increase in medical-grade plastics usage. 

Moreover, the penetration of the medical devices and component manufacturers that utilize PEEK in the country boosts the market. Along with this, the presence of major manufacturing companies in the U.S. drives the region’s market. 

Therefore, the increasing use of PEEK as titanium substituent in dental implants and prevalence of the cardiac diseases propel the market.

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