Data Center Power Market Insights by Growth, Emerging Trends and Forecast by 2032

Data Center Power Market size was valued at USD 18.54 Billion in 2021 and is projected to reach USD 32.19 Billion by 2030, growing at a CAGR of 6.32% from 2022 to 2030.

Many data centres still primarily use incoming AC power, however gradually switching to DC power is becoming more common. While each organisation is unique in its own way, all data centres require certain equipment to function properly, including air handlers/ventilation, lighting, UPS systems and generators, fire suppression systems, and alarm systems. The majority of money spent by data centres is on power. Data centres have power management options, which are necessary to complete a number of tasks. These solutions are employed to control the data centres' effectiveness and efficiency in terms of power utilisation.

A data centre is a standalone structure built within a building that houses computing hardware like servers together with other elements including network, storage, and telecommunications systems. Every organisation that generates or utilises data, including government agencies, educational institutions, financial institutions, retailers of all sizes, providers of online information, social networking sites, and many more, has some need for data centres. Due to the frequent conversion of AC to DC or vice versa, both alternating current (AC) and direct current (DC) power will likely be used in every data centre.

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Power management products help in power distribution to data center racks from the utility grid and provide power during power cuts. How much power the data center consumes is completely depends on factors such as size, several servers, air control strategies, and how many other devices are hooked up in the data center. Moreover, though data center workloads have increased more rapidly, the rise in the demand for power in data centers has been fulfilled through the acceptance of stern measures about improving power efficiency.

Global Data Center Power Market Overview

Data centres spend a lot of money on power, thus in order to cover these operational costs, modern data centres use power systems that are both economical and efficient in terms of energy use. Therefore, the market expansion is being boosted by the rising adoption of contemporary data centre power systems that meet modern IT capabilities in a cost-effective and energy-efficient manner. Many designers and manufacturers are deploying and adopting advanced management solutions, which are improving the energy consumption in these systems and driving the market growth globally, to boost efficiency and decrease the power usage effectiveness (PUE) ratio.

Data centre renovations are carried out to enhance the infrastructure needed to handle the demands of IT, expand the amount of space and power available, and raise the overall dependability of the data centre facilities. As a result, it is anticipated that the growing number of data centre renovations would present chances for data centre power vendors because they are less expensive than establishing new ones. However, it is anticipated that the absence of adequate infrastructure and public knowledge of the advantages of energy-efficient solutions in a number of locations will impede market expansion. Over the projection period, it is also projected that the difficulty in designing data centres and the high cost of expenditures required to adopt energy-efficient solutions in data centres will restrain the market's expansion.

Segmentation:

By Solution Type:

· Power Distribution and Measurement Solutions

· Backup Power Solutions

· Cabling Infrastructure Solutions.

By End User:

· IT and Telecom

· BFSI

· Healthcare

· Government

· Others

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By Component:

· UPS (uninterruptible power supply)

· Generators

· PDUs (power distribution units)

· Energy Storage

· Transfer Switches

· Others

Geography:

The North American region currently dominates the data center power market. This is primarily due to the region's high concentration of data center facilities, driven by the strong presence of large tech companies such as Google, Microsoft, and Amazon. The increasing demand for cloud-based services and the growth of big data analytics and IoT technologies have also contributed to the growth of the data center power market in North America. In addition, the region has a well-established infrastructure and regulatory framework to support the development and operation of data center facilities. This includes reliable power grids, advanced cooling systems, and favorable tax incentives for data center operators. However, the data center power market is also growing rapidly in other regions, including Europe and Asia Pacific. These regions are seeing a surge in the number of data center facilities due to the increasing adoption of cloud-based services and digital transformation initiatives. Additionally, the rise of renewable energy sources and energy-efficient technologies is driving the growth of the data center power market in these regions.

Company Profiles:

· Eaton Corporation

· Schneider Electric SE

· ABB Ltd.

· General Electric Company

· Delta Electronics, Inc.

· Legrand SA

· Tripp Lite

· Raritan Inc.

· CyberPower Systems, Inc.

· Vertiv Group Corp.

· Socomec Group S.A.

· Emerson Electric Co.

· Cummins Inc.

· Mitsubishi Electric Corporation

· Piller Group GmbH.

Global Data Center Power Market: Regional Analysis
The countries covered in the regional analysis of the Global Data Center Power market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Data Center Power market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Data Center Power would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Data Center Power Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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