Data Center Power Market Size, Share, Growth Analysis, By Components (Solution, Services), By End-User Type (Cloud Providers, Hyperscale Data Centers) By Data Center Sizes (Small & Medium-Sized Data Center, Large Data Center), By Region -Industry Forecast 2024-2031)
Report ID:
SQMIG45B2153 |
Region:
Global |
Published Date: November, 2024
Pages:
186
|Tables:
0
|Figures:
0
Data Center Power Market Insights
Global Data Center Power Market size was valued at USD 12.41 Billion in 2022 poised to grow from USD 13.41 Billion in 2023 to USD 21.33 Billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
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.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Data Center Power Market Segmental Analysis
The global data center power market is segmented based on component, end-user type, data center size, and region. In terms of component, the market is divided into solution and services. Based on end-user type, the market is grouped into enterprises, colocation providers, cloud providers, and hyperscale data centers. Based on the data center sizes, the market is bifurcated into small & medium-sized data center and large data center. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South 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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Data Center Power Market Regional Insights
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 Dynamics
Drivers
Rising Demand for Cloud Services
- Rising cloud computing adoption is a major factor driving the global data center power market. In a shift towards greater flexibility and scalability, organizations are moving more towards cloud-based solutions which in turn raises the need for effective power solutions in data centers. This trend calls for adequate infrastructural investments such as power systems that can accommodate large workload capacities.
Emphasis on Energy Efficiency and Sustainability
- Seeing the increasing energy costs and given the current issues, it advocates that there is more energy efficiency and sustainability with regard to the data centers. Essentially, Organizations are supporting the adoption of energy efficient power management solutions with the aim of minimizing operational costs as well as the carbon footprint. This enables effective innovation in the power systems which creates a greater demand in the global data center power market.
Restraints
Regulatory and Compliance Challenges
- The global data center power market is studded with strict regulatory requirements and compliance standards which can be a daunting task. Organizations are required to adhere to several layers of energy and environmental regulations, which hinders the adoption of new technologies. Such regulatory considerations might slow down the investments in power management systems and impact the global data center power market size adversely.
Supply Chain Disruptions
- Global events like pandemics or geopolitical tensions have the potential to disrupt supply chains and may adversely affect the global data center power market. A mix of fundamental aspects such as cooling systems, power management equipment, etc. are in short supply leading to delays in the execution of projects and increased expenses. Such unpredictability may hinder organizations from venturing into new data center in terms of clear investment commitments.
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Data Center Power Market Competitive Landscape
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
- Schneider Electric (France)
- Eaton (Ireland)
- Vertiv (United States)
- ABB (Switzerland)
- Siemens (Germany)
- General Electric (United States)
- Mitsubishi Electric (Japan)
- Cisco Systems (United States)
- Emerson Electric (United States)
- Rittal (Germany)
- Huawei Technologies (China)
- Delta Electronics (Taiwan)
- NTT Ltd. (Japan)
- Power Solutions International (United States)
- KION Group (Germany)
Recent Developments
- In September 2023, Schneider Electric presented its new data center solutions created with EcoStruxure™ technology intended to improve the energy efficiency and concern for the environment in data centers. This digital breakthrough employs the use of advanced analytic capabilities and artificial intelligence for the purpose of managing power to cut down energy wastage and enhance the operation performance and reliability of the system.
- In August 2023, Vertiv made an announcement regarding the launch of its latest Liebert® GXT5™ UPS system designed to offer steadfast power protection for demanding data center applications. This power supply solution provides improved performance, all-in-one concept, and modular features to address the increasing needs for strong power supplies in contemporary centers.
- In October 2023, Eaton announced the launch of its newest UPS series, the 9PX™, which features integrated power management and energy saving technology. This development boosts the operational data center efficiency without increasing its ecological impact. Due to this focus on sustainability, Eaton’s products and solutions are a must have for any organization that is concerned about power management and the environment.
Data Center Power Key Market Trends
- Increased Adoption of Renewable Energy Sources: The global data center power market is observing a shift towards the adoption of renewable energy sources along with solar and wind energy. Operators of data centers are placing emphasis on sustainability initiatives for the purpose of minimizing the carbon footprints, optimizing energy consumption and meeting the stipulated government laws, thus, investments in green energy solutions are on the rise.
- Emphasis on Energy Efficiency Technologies: The global data center power market around the world is increasingly focusing on energy-saving technologies. To this end, corporates are spending on new age cooling solutions, smart sockets, and machine learning based systems to optimize energy use, cut costs, and improve performance while meeting sustainability and compliance standards.
Data Center Power Market SkyQuest Analysis
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 2022 | USD 12.41 Billion |
| Market size value in 2031 | USD 21.33 Billion |
| Growth Rate | 7% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| 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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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Data Center Power Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Data Center Power Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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