With exponential growth in data and migration of workloads to cloud platforms, the demand for servers and server infrastructure is growing significantly. This rising demand is fueling the need for server PCBs that can efficiently manage intensive workloads and computing requirements of next-generation cloud platforms.
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 deployment of cloud-based applications and growth of hybrid cloud infrastructure by organizations are some of the major factors driving the demand for servers and Global Server PCB Market Size. Many companies are adopting hybrid cloud strategy to reap the benefits of public and private clouds. This is increasing the pressure on server infrastructure providers to develop and supply more powerful and efficient servers. Server PCB manufacturers are hence focused on developing boards with higher processing power, memory, and bandwidth to support intensive workloads in hybrid cloud environments. They are utilizing more advanced technologies and higher density designs to accommodate additional components on the board, thereby improving the server performance and efficiency. This rising focus on highly advanced server PCB designs equipped with latest technologies is expected to significantly support the market growth over the forecast period.
Segment Analysis
The global server PCB market is dominated by the data center segment. The data center sub-segment held around 65-70% share of the overall market in 2024. With the increasing demand for cloud services and internet connectivity across various industries, investments in construction of hyperscale and large data centers have significantly increased over the past few years. Various leading IT and cloud service providers such as Google, AWS, Microsoft etc are heavily investing in development of new data centers as well as upgrading the existing infrastructure. This is positively impacting the demand for server PCBs from data center operators.
Key Takeaways
The global server PCB market is expected to witness high growth over the forecast period owing to increasing investments in development of cloud infrastructure across major economies. 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 remained the largest as well as the fastest growing regional market in 2024. Presence of numerous hyperscale data center facilities of leading cloud service providers such as AWS, Microsoft, Google etc. along with increasing in-house data center investments by major organizations in the region is driving the demand for server PCBs in North America. Asia Pacific is also expected to witness significant growth owing to rapidly growing cloud adoption and massive upcoming data center developments, especially in China and India.
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.
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