Developments in Energy & Power Industry to Provide Growth Opportunities for US Rugged Servers Market Growth During 2022–2030
According to The Insight Partners market study on "US Rugged Servers Market Forecast to 2030 – COVID-19 Impact and Country Analysis – by Type and End-User," The US rugged servers market was valued at US$ 170.80 million in 2022 and is expected to grow at a CAGR of 5.9% during the forecast period of 2022 to 2030 to reach US$ 269.55 million by 2030. The report provides trends prevailing in the market and drivers and restraints impacting the US rugged servers market size.
The US rugged servers market in the energy & power industry is growing significantly. The energy & power industry is among the fastest-growing industries in the US. According to EIA, the renewable energy capacity, mostly from wind and solar, will reduce electricity generation from coal-fired and natural gas-fired power plants in 2023 and 2024. In 2022, wind and solar accounted for 14% of US electricity generation. Also, the electricity generation from wind and solar is expected to rise to 16% in 2023 and 18% in 2024. It is also expected that the electricity generation from coal will fall from 20% in 2022 to 17% in both 2023 and 2024. In addition, natural gas accounted for 39% of electricity generation in 2022, which is expected to fall to 37% in 2024. This growth in the energy & power industry in the US is expected drive the rugged servers market growth. This will further push technology developers to offer advanced products and services to the energy & power industry. For instance, in April 2022, Crystal Group Inc—a leading designer and manufacturer of rugged computer and electronic hardware—launched the CMS-01171, the first iteration of the ES373S17 substation server, which is the first VMware-validated configuration of virtualization-enabled servers. This system combines real-time automation, cybersecurity, auto failover, remote management, and zero-trust security features for power grid modernization. Thus, such growing advancements by the market players will further propel the US rugged servers market size.
In the coming decades, digital technologies are set to make the energy & power industry more connected, intelligent, efficient, reliable, and sustainable. This fact highlights the quantity of data the industry is expected to generate, which demands highly secured storage. In addition, as the energy and power production plants such as wind power plants and solar power plants are located in remote areas with harsh environments, the demand for ruggedized servers is expected to increase in the US, further creating an opportunity for the growth of the US rugged servers market during the forecast period.
Key players operating in the US rugged servers market include Core Systems Inc, Crystal Group Inc, Trenton Systems Inc, Mercury Systems Inc., and Dell Technologies Inc. Other notable market players profiled in the US rugged servers market are Systel Inc, CP Technologies LLC, ZMicro Inc, Sparton Corp, and NCS Technologies Inc.
US Rugged Servers Market Revenue and Forecast to 2030 (US$ Million)
US Rugged Servers Market Forecast to 2030 - Country Analysis by Type (Universal and Dedicated) and End-User (Aerospace, Oil & Gas, Transportation, Manufacturing, Telecommunication, Mining, Energy, Agriculture, Logistics, Construction, and Others)
US Rugged Servers Market to Grow at a CAGR of 5.9% to reach US$ 269.55 million from 2022 to 2030
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The US rugged servers market is segmented based on type and end-user. Based on type, the US rugged servers market is segmented into universal and dedicated. Based on end-user, the US rugged servers market is segmented into aerospace, oil & gas, transportation, manufacturing, telecommunication, mining, energy, agriculture, logistics, construction, and others. The US rugged servers market is anticipated to grow at a significant CAGR during the forecast period.
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