The data center generator global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Center Generator Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data center generator market size has grown strongly in recent years. It will grow from $6.18 billion in 2023 to $6.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rise in data consumption, data center growth, reliability requirements, digital transformation, power outage risks, increased energy efficiency.
The data center generator market size is expected to see strong growth in the next few years. It will grow to $8.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increased data consumption, focus on business continuity, renewable energy integration, shift to edge computing, energy efficiency standards. Major trends in the forecast period include focus on reliability and durability, adoption of fuel efficiency technologies, rapid deployment solutions, predictive maintenance, remote and unmanned data centers.
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Scope Of Data Center Generator Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Data Center Generator Market Overview
Market Drivers –
The increase in the number of datacenters is expected to propel the growth of the data center generator market. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The increased demand for data center capacity is rising to unprecedented heights due to digital transformation and the rise of cloud services. Consumer-focused cloud providers and hyperscale operators are aggressively growing their operations, for which they need data center generators. In the event of a utility power outage, a data center generator can be used to supply backup power. For instance, according to Gartner, a management consultancy firm, end-user spending on the world’s data center infrastructure climbed 6% from 2020 to $200 billion in 2021. Moreover, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%. Therefore, an increase in the number of datacenters is expected to drive the growth of the data center generator market.
Market Trends –
Major companies operating in the data center generator market are adopting a strategic partnership approach to investigate technologies facilitating the utilization of hydrogen as an eco-friendly fuel for vital data center infrastructure. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2022, Equinix Inc., a US-based Internet services company, partnered with Centre for Energy Research & Technology (CERT), a Singapore-based interdisciplinary energy research center. Through this partnership, Equinix and CERT will initiate the world’s inaugural research initiative aimed at comparing the efficiency of proton-exchange membrane (PEM) fuel cells and fuel-flexible linear generator technologies. PEM fuel cells stand out as a prominent option for hydrogen energy, while fuel-flexible linear generators provide the flexibility to seamlessly transition between various clean fuel choices, including hydrogen, biogas, and diverse renewable liquid fuels. The adoption of these technologies has the potential to enable data centers to curtail carbon emissions while satisfying the increasing demand for data, colocation, and interconnection services. The research partnership between Equinix and CERT will encompass a comprehensive evaluation of the suitability of these technologies for tropical data centers, taking into account local climatic conditions, site limitations, power requirements, supply chain considerations, fuel storage capabilities, and adherence to local regulatory policies.
The data center generator market covered in this report is segmented –
1) By Product: Diesel, Gas, Other Products
2) By Capacity: < 1 MW, 1 MW-2MW, >2MW
3) By Tier Standard: Tier I And II, Tier III, Tier IV
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Regional Insights –
North America was the largest region in the data center generator market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the data center generator market report are Alphabet Inc., Amazon.com Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, International Business Machines Corp., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Google LLC, Meta Platforms Inc., Digital Realty, CyrusOne, GDS Holdings Limited, KDDI’s Telehouse, Hewlett Packard Enterprise Company LP, Dell Technologies Inc., Lenovo Group Limited, Fujitsu Limited, Schneider Electric SE, Eaton Corporation, Vertiv Co., Delta Electronics Inc., Rittal GmbH & Co. KG, ABB Ltd., Siemens AG, Hitachi Ltd., NEC Corporation, VMware Inc., Citrix Systems Inc., Red Hat Inc.
Table of Contents
- Executive Summary
- Data Center Generator Market Characteristics
- Data Center Generator Market Trends And Strategies
- Data Center Generator Market – Macro Economic Scenario
- Global Data Center Generator Market Size and Growth
…………
- Key Mergers And Acquisitions In The Data Center Generator Market
- Data Center Generator Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Data Center Generator Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Data Center Generator Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Data Center Generator Market, Segmentation By Tier Standard, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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