Category : ICT | Published at : November-2022 | Delivery Format : PDF | Status: Published | Pages : 250
The Global Data Center Power Market Size accounted for USD 9,354 Million in 2021 and is estimated to achieve a market size of USD 17,137 Million by 2030 growing at a CAGR of 7.2% from 2022 to 2030. The development of digital infrastructure caused by increased digitization and modernization is expected to influence the direction of the data center power market growth. Furthermore, the rise in the implementation of innovative technologies to reduce power consumption, combined with the creation of modular data centers, is likely to drive the data center power market value.
Data Center Power Market Report Key Highlights
- Global data center power market revenue is expected to increase by USD 17,137 million by 2030, with a 7.2% CAGR from 2022 to 2030
- North America region led with more than 48% of data center power market share in 2021
- Asia-Pacific data center power market growth will observe strongest CAGR from 2022 to 2030
- By component, the solution segment has accounted market share of over 64% in 2021
- By end-user, IT and telecom segment is expected to grow at a CAGR of 8% from 2022 to 2030.
- Widespread adoption of cloud computing and IoT technology, drives the data center power market size
A data center is a self-contained physical unit that contains computing infrastructure such as processors as well as various components such as networks, telecommunications, & storage systems. Every entity that generates or uses data, including governments, educational institutions, financial institutions, retailers of all sizes, providers of digital data, networking websites, and many others, has some need for data centers. Every data center will almost certainly utilize both alternating current (AC) & direct current (DC) electricity because AC is frequently switched to DC either vice versa.
Global Data Center Power Market Trends
Market Drivers
- Increasing power consumption of data centers worldwide
- A trend toward sophisticated power management solutions
- Introduction of modular data centers
- Increasing use of over-the-top (OTT) content Components
Market Restraints
- Rising costs for raw resources and skilled labor
- High initial investments
Market Opportunities
- Widespread adoption of cloud computing and IoT
- Rapid infrastructure development in emerging economies
Data Center Power Market Report Coverage
| Market | Data Center Power Market |
| Data Center Power Market Size 2021 | USD 9,354 Million |
| Data Center Power Market Forecast 2030 | USD 17,137 Million |
| Data Center Power Market CAGR During 2022 - 2030 | 7.2% |
| Data Center Power Market Analysis Period | 2018 - 2030 |
| Data Center Power Market Base Year | 2021 |
| Data Center Power Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Component, By End-User, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Schneider Electric, Tripp Lite, Black Box Corporation, Rittal GmbH & Co. KG, General Electric, Cyber Power Systems, Inc., ABB Group, Vertiv Co., Delta Electronic Inc., and Generac Power Systems, Inc. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Data Center Power Market Dynamics
A significant amount of power is required by data centers for the management, optimization, and monitoring of data. Modern data centers use smart UPS systems, and intelligent power distribution systems to efficiently face power outages and acquire an uninterrupted supply of power. UPS systems are used in data centers for the efficient functioning of servers and other networking devices. In case of power fluctuations, low-voltage electricity is passed through the UPS system to provide short-term power during the failure of the input power source. The primary function of UPS and other power solutions is to protect data center components against voltage spikes, harmonic distortion, and other power problems.
The major factors driving the growth of the global data center power market include rapid growth in enterprise data generation, the significant rise in power consumption in data centers, and the need for decreased operational expenses in enterprises. The increasing digitization and growing adoption of cloud computing, coupled with growth in the number of data centers worldwide support the data center power market growth. The increasing development of IT infrastructure and rising construction of hyper-scale facilities has accelerated the growth of the data center power market. The growing demand for edge facilities further supports the market growth. The rising adoption of modular power infrastructure, growth in rack power density of facilities, and rising consumption of power are factors expected to drive market growth during the forecast period. The growing demand from emerging economies, technological advancements, and rising implementation of automation and monitoring solutions are factors expected to provide numerous growth opportunities in the coming years.
Data Center Power Market Segmentation
The global data center power market segmentation is based on component, end-user, and geography.
Data Center Power Market By Component
- Solution
- Training and Consulting
- Support and Maintenance
- System Integration
- Others
- Service
- Training and Consulting
- System Integration
- Support and Maintenance
- Others
According to a data center power industry analysis, the solution segment accounted for the largest market share in 2021. The solution section is further subdivided into UPS, generators, busways, power distribution units (PDUs), and others. Among these, the UPS segment is expected to dominate the market in 2021. During the analysis period, the growing adoption of cloud computing, together with the rapidly expanding demand for ubiquitous and sensitive data, had a beneficial impact on the sub-segment. The increasing use of cloud computing, combined with the necessity for confidential and omnipresent data, has prompted the deployment of such a device. The incorporation of portable UPS systems in applications such as Software as a Component (SaaS), online gaming, high-performance computing, and online content streaming has also contributed to the segment's growth.
Data Center Power Market By End-User
- BFSI
- Energy
- Healthcare
- IT and Telecommunication
- Retail
- Others
According to the data center power market forecast, the IT and telecommunications segment is anticipated to grow significantly in the industry over the next several years. This increase is primarily due to rising IT and telecom Component providers installing massive data center infrastructure to handle the massively growing amount of data. Additionally, the expanding telecommunications infrastructure needs data storage systems to manage massive amounts of data. Furthermore, in IT and telecommunications facilities, reliability, energy usage, and maintenance are crucial. This component is expected to drive growth in the coming years.
Data Center Power Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
North America Dominates The Global Data Center Power Market
In terms of revenue, North America held the highest market share in 2021. This growth is attributed to the region's growing data centers, as well as the IT and telecom sectors. Governments and regulatory bodies have developed and implemented a wide range of standards and policies to reduce carbon footprints and energy consumption. As a result, effective power management systems have gained widespread adoption, fueling the regional market growth. Companies, for instance, spend a large amount of money on cooling and maintenance systems. As a result, it is necessary to integrate effective power management equipment, such as busways, PDUs, and UPSs, along with other things, to control expenditure on network infrastructure.
Data Center Power Market Players
Some of the top data center power market companies offered in the professional report include Schneider Electric, Tripp Lite, Black Box Corporation, Rittal GmbH & Co. KG, General Electric, Cyber Power Systems, Inc., ABB Group, Vertiv Co., Delta Electronic Inc., and Generac Power Systems, Inc.
Frequently Asked Questions
The estimated value of global data center power market in 2021 was accounted to be USD 9,354 Million.
The projected CAGR data center power market during the analysis period of 2022 to 2030 is 7.2%.
The prominent players of the global data center power market are Schneider Electric, Tripp Lite, Black Box Corporation, Rittal GmbH & Co. KG, General Electric, Cyber Power Systems, Inc., ABB Group, Vertiv Co., Delta Electronic Inc., and Generac Power Systems, Inc.
North America held the dominating data center power market during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for data center power market during the analysis period of 2022 to 2030.
Widespread adoption of cloud computing and IoT technology, as well as rapid infrastructure development in emerging economies drives the growth of global data center power market.
Based on component, solution segment is expected to hold the maximum share of the data center power market.
