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 News

  • 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.
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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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