What Does The Data Center Power Market Size Indicate?
The data center power market size witnessed tremendous growth in recent years, escalating from $24.18 billion in 2024 to an expected $25.55 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. This growth during the historic period can primarily be credited to increasing data center demand, data traffic surge, data center consolidation initiatives, heightened focus on energy efficiency, government regulations for energy efficiency and green data center initiatives.
The data center power market size is projected to experience significant growth in the next few years, expected to reach $36.12 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to factors such as energy storage integration, adoption of remote management and monitoring, deployment of modular data centers, focus on power quality and reliability, regulatory support for sustainable practices, and demand for scalable power infrastructure. Major trends in the forecast period include advanced power distribution and management systems, hybrid and multi-cloud environments, high-density computing and cooling solutions, enhanced monitoring and analytics, and collaboration for innovation.
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What Drives The Growth Of The Data Center Power Market?
The surge in the need to store data in the cloud propels the growth of the data center power market. Cloud storage adopts a cloud computing model that stores data on the Internet through a cloud computing provider, managing and operating data storage as a service. Data centers store servers and/or data storage for organizations, including the necessary hardware, the housing space, power systems, backup systems, environmental controls, and all other requisites to ensure server continuity. The European Commission reported in April 2024 that the share of large enterprises using cloud computing services increased by 6 percentage points from 2021 to 2023. Similarly, the percentage of medium-sized enterprises using these services increased from 53% in 2021 to 59% in 2023. This incessant demand for cloud storage propels the growth of the data center power market.
What Are The Principal Segments Within The Global Data Center Power Market?
The data center power market is segmented by the following:
– Product: PDU, UPS, Busway, Other Products
– Components: Solution, Services
– Tier Standards: Tier I And II, Tier III, Tier IV
– UPS Systems: <=500kVA, 500-1,000kVA, >1,000 kVA
– End-Use: IT And Telecommunications, BFSI, Government, Energy, Healthcare, Retail, Other End-Users
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Which Key Companies Are Prominent In The Data Center Power Market?
Key players driving the data center power market include ABB Ltd., Anord Mardix Inc., Delta Electronics Inc., Eaton Corporation PLC, Huawei Technologies Co Ltd., Schneider Electric SE, Siemens AG, Toshiba Corporation, ZincFive Inc., Cyber Power Systems, General Electric company, N1 Critical Technologies Inc., PDU Experts solutions, Socomec Group S.A., AEG Power Solutions, Alpha Technologies, Ametek Powervar, Black Box Corporation, Caterpillar Inc., Cummins Inc., Cyberex, Emerson Network Power, Fuji Electric Co. Ltd., Generac Power Systems, Hitec Power Protection, Legrand SA, Mitsubishi Electric Corporation, MTU Onsite Energy, Piller Power Systems, Power Innovations International Inc.
What Emerging Trends Are Shaping The Data Center Power Market Landscape?
Technological advancement potently impacts the data center power market. Companies in the market are working on innovating new solutions. For instance, in March 2024, MaxLinear Inc., a US-based technology company, developed 200G/lane PAM4 SERDES (Serializer/Deserializer) and Rushmore DSP, providing a considerable advancement in performance, power efficiency, and density. With these, data center operators and cloud providers can meet the rapidly growing demand for data traffic and upgrade to higher-speed networks while meeting the stringent power efficiency needs of AI/ML networks.
Which Region Is The Largest And Fastest Growing In The Data Center Power Market?
As of 2024, Asia-Pacific held the largest share in the data center power market. It is also expected to be the fastest-growing region in the market over the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Does The Data Center Power Market Report Offer?
Data center power management refers to a comprehensive process that enables the management, estimation and monitoring of power production, usage, and optimization within a data center building. The data center power is implemented in identifying processes for improving power efficiency in the data center at both hardware and software levels. The Data Center Power Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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