Server PCB (printed circuit board) is a key component used in servers to hold and interconnect electronic components. It allows the transmission of electronic signals and power delivery between all the components. With rising digitalization and cloud computing needs, data center construction activities have increased significantly across the globe, which in turn is propelling the demand for servers and associated components like server PCBs.
The global server PCB Market is estimated to be valued at US$ 45.22 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing data center construction activities are one of the major factors spurring the growth of the Global Server PCB Market Size during the forecast period. With enterprises rapidly migrating to digital operations and cloud computing, the demand for data storage and seamless connectivity has increased exponentially. This has compelled data center operators to build new facilities and expand the existing ones globally. For example, according to the Data Center Industry Survey by Uptime Institute, data center floor space is projected to increase by 30% over the next few years. The development of new data centers augments the demand for servers, which in turn drives the growth of the server PCB market.
Strength: The server PCB market has a strong demand from data centers and cloud computing industries which are growing rapidly. This drive the growth of server PCBs.
Weakness: High operational and maintenance cost of server PCBs can be a challenge for market players. Frequent technological upgradation also leads to higher expenditure.
Opportunity: Increasing digitization trends and adoption of advanced technologies like AI, IoT offers new opportunities for market growth in coming years. Growing acceptance of converged and hyper-converged infrastructure also poses opportunities.
Threats: Protectionism policies by governments can affect global trade of server PCBs. Challenge from other emerging technologies that can replace server systems also poses threats to the market.
The global server PCB market is expected to witness high growth in the forecast period of 2023 to 2030. The global server PCB Market is estimated to be valued at US$ 45.22 Bn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.
Regional analysis: North America currently dominates the market and is expected to continue its leadership during the forecast period due to the heavy investments in development of advanced data centers in the region. The Asia Pacific region is expected to be the fastest growing market for server PCBs due to rising digital transformation and establishing of cloud infrastructure in developing economies.
Key players: Key players operating in the server PCB market are General Electric (GE) Co., Turbine Generator Maintenance Inc., Toshiba Corporation, Siemens AG, Arani power systems, Elliott Group, TURBOCAM, Doosan Å koda Power, Chola Turbo Machinery International Pvt. Ltd., and Mitsubishi Hitachi Power Systems Americas Inc. These players are focusing on new product launches and partnerships with data center operators to strengthen their market position.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it