USD 20.50 billion
Report ID:
SQMIG45B2171 |
Region:
Global |
Published Date: December, 2024
Pages:
186
|Tables:
0
|Figures:
0
Data Center Power Market size was valued at USD 13.41 Billion in 2023 and is poised to grow from USD 14.35 Billion in 2024 to USD 22.82 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
The global data center power market growth trajectory is expected to be determined by the expansion of digital infrastructure resulting from increased digitization. Additionally, cloud computing's increasing popularity is driving the global data center power industry. Data center with thousands of servers are constantly using electricity around the clock. Such data centres require continuous storage system advancements to handle the notable rise in energy usage. Hyperscale data center make optimal use of their servers, which saves a substantial amount of energy overall. These days, a lot of medium-sized companies have effective data center with cloud web hosting and colocation services. As more data center are being used, mega and cloud data center are growing in popularity.
The corporation may reorganize its cooling requirements, lower energy expenses, and add more computing for the same amount of cooling due to hyperscale data center's effective cost-cutting strategies, thereby contributing to the global data center power market share. It is projected that these reasons would increase the market share of data center power globally. In order to provide a more efficient cloud workflow, cloud storage providers like AWS, Microsoft, and Google are expanding the amount of storage they can supply. These companies are making investments in large-scale transactions. Power accounts for the majority of data center expenditures. Power management options are available in data center and are essential for a variety of jobs. These solutions are used to regulate the efficacy and efficiency of data center with regard to power consumption.
Global Market Size
USD 20.50 billion
Largest Segment
Solution
Fastest Growth
Services
Growth Rate
6.5% CAGR
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Global Data Center Power Market is segmented by component, end user type, vertical, data center type and region. Based on component, the market is segmented into solution (power monitoring, power distribution, power backup, cabling infrastructure) and service (system integration, training & consulting, support & maintenance). Based on end user type, the market is segmented into colocation providers, cloud providers and enterprises. Based on vertical, the market is segmented into IT & telecom, banking, financial services, and insurance (BFSI), government, healthcare, energy, retail and others. Based on data center type, the market is segmented into hyperscale data centers, enterprise data centers, colocation data centers and edge data centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Components
As per categorization by component, the market is classified as solution and services. Among these, the solution earned the largest share and continues to dominate the market. The global data center power market is witnessing significant innovation in Solution Components, particularly with advancements in Uninterruptible Power Supply (UPS) systems, power distribution units (PDUs), and cooling technologies. Such advances are aimed at improving energy performance, dependability, and expandability, which are tantamount to coping with the increasing power requirements of contemporary data centers. The solution component leads the size of the market since it is the backbone of any system where power stability and operational efficiency are of importance. According to the global data center power market forecast for data center operations, many firms seek enhanced service reliability.
The services component of the global data center power market is poised to be the fastest-growing segment due to the increasing complexity and demand for efficiency in data center operations. Advanced technologies are systemically integrated into organizational processes as firms gradually embrace hybrid infrastructures. This, however, calls for a professional installation, maintenance and support service in order to enhance performance and reduce downtime. In addition, the growing focus on service reliability and availability has resulted in the need to impose good service contracts, increasing the demand for consultancy and training services. Also, this trend is exacerbated by the ever-increasing need for change in power management systems as due to the competing demands of businesses to improve the entire system and maintain sustainability.
Analysis by End-User Type
Cloud providers are at the forefront of innovation in the global data center power market, leveraging cutting-edge technologies to enhance energy efficiency and scalability. To support the increasing demand for cloud services, their data centers are gradually implementing more advanced power management systems such as AI-based monitoring systems, clean energy sources and high-density cooling systems. This market is primarily led by cloud providers owing to their ability to provide flexible and scalable solutions to meet various business requirements. With their huge investments in infrastructure and the ensuing growth of global data center power industry due to cloud services, these companies are at the forefront of power management and optimization in the data centers environment.
Hyperscale data centers are set to be the fastest-growing segment in the global data center power market due to the surging demand for cloud computing, big data analytics, and Internet of Things (IoT) applications. Such infrastructures are built for extreme scale and can handle large volumes of workload and data traffic quite easily. Their focus on investments in greener technologies and new approaches to cooling helps performance while reducing costs. While hyperscale infrastructure will be increasingly needed with the growth of digital services of large IT companies, in turn, it will lead to the growth of investments in power management solutions to meet their relatively large and fluid needs.
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The Asia Pacific region is dominating the global data center power market due to rapid digital transformation, increasing internet penetration, and a burgeoning population demanding enhanced connectivity. The advancement of cloud computing, e-commerce and IoT applications has prompted huge spending in data center infrastructure by major economies such as China, India, and Japan. On this note, the region's advantages due to the affordable operation costs, as well as the government policies geared towards encouraging the establishment of data centers, especially sustainable and energy-efficient ones. Besides, the growing trend towards hybrid cloud and digitalization creates a greater need for efficient power management solutions, thereby reinforcing the leading position of Asia Pacific in the market.
North America is emerging as the fastest-growing region as per the global data center power market forecast, driven by the rapid adoption of cloud services and advancements in technology. Considerations such as the existence of major players in the market and the availability of cloud services from companies like Amazon Web Services, Microsoft and Google help to considerably raise the level of investments directed toward data center infrastructure and advancements in power management. In addition, it's within the region's priorities to cultivate innovations such as of which are energy efficient and practices that are green in nature for this resonates well with corporate sustainability agendas. Containment of regulatory barriers and the growing needs of sophisticated data analysis tools quickens the course of data centers thereby putting the region in the lead of the power management sphere in North America.
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Data Center Power Market Drivers
Rising Demand for Cloud Services
Emphasis on Energy Efficiency and Sustainability
Data Center Power Market Restraints
Regulatory and Compliance Challenges
Supply Chain Disruptions
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The global data center power market is structurally competitive with established players and innovators managing energy efficiency and enhancing power management. internationally recognized companies such as Schneider Electric, Eaton, Vertiv and ABB enjoy a lion’s share of the market due to the companies’ wide range of offerings. Such companies enter the market every now and then more definitive than before and with better products in terms of power distribution and cooling technologies as well as greener technologies and practices towards data center in the world.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global data center power market is experiencing significant growth driven by increased digitization, cloud computing adoption, and the rise of hyperscale data centers. Both the developments in power management solutions and the attention towards energy efficiency are changing the dynamics within industry. With key players scaling up their operational capabilities and committing resources into green technologies, the tide is ready for major progression.
With Asia Pacific and North America regional leaders generating demand, challenges including, but not limited to, regulatory barriers and interruptions in the supply chain, must be overcome. In general, Dynamics of this market speaks volumes about the focus on improving operational efficiency as well as sustainability to cater to the changing demands.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 13.41 Billion |
Market size value in 2032 | USD 22.82 Billion |
Growth Rate | 7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Data Center Power Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Center Power Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Center Power Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Center Power Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45B2171
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