Global Data Center Power Market

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: 89 | Figures: 71

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)

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FAQs

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 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. '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)'

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.

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.

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.

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Global Data Center Power Market

Report ID: SQMIG45B2153

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