Data Center Power Market Size, Share, Trends, Growth and Forecast 2032

What is the projected value for the Data Center Power Market during 2024 to 2032?

Zion Market Research has published a report on the global Data Center Power Market, estimating its value at USD 12.48 Billion in 2023, with projections indicating that it will reach USD 23.89 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.48% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Data Center Power industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Introduction

Data centers are power intensive structures that have increased in proportion and size with the escalating popularity of the digital economy. Furthermore, though data center workloads have increased exponentially, the rise in the demand for power in data centers has been fulfilled through the acceptance of stern measures pertaining to improving power efficiency. Additionally, a proclivity towards cloud-based services has resulted in a reduction of outages and assisted in incessant & seamless supply of power in the data centers.

Key Growth Drivers

The rise in the digitization resulting in a rapid expansion of digital infrastructure will define the growth of the data center power industry over the forthcoming years.  Moreover, power-efficient solutions have replaced the traditional architecture of the data center electricity supply. Additionally, the emerging cloud managed services market is predicted to lucratively influence the data center power market dynamics over the ensuing years.

Furthermore, accelerating renewable energy demand and the need for addressing GHG emission concerns will enlarge the scope of the data center power industry over the forthcoming years.  The massive necessity of energy conservation has led to setting up of modular data centers and this, in turn, is likely to harvest the growth of data center power industry over the forthcoming years.

Our report also provides the current breakthroughs witnessed in the industry along with the competitive moves & competitive strategies adopted by the business players to expand their business.

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Data Center Power Market: Report Scope

North American Market To Accrue Huge Returns Over the Forecast Period

The growth of the regional market over the forecast period is attributed to large-scale setting up of ‘hyperscale’ data centers in the countries like the U.S. Furthermore, use of bottom-up modeling framework by the industry players in the countries like the U.S. is anticipated to impact the business landscape over the forecast period. Moreover, the introduction of new frameworks or business models will not only transform the growth phase or growth trajectory of the industry but will add new dimensions to the business.  

Key players profiled in the report include:

• Emerson Electric Company
• ABB, General Electric
• Schneider Electric
• Delta Power Solutions
• Eaton
• Rittal GmbH & Co KG
• Raritan Inc
• Tripp Lite
• Server Technology, Inc
• Black Box Corporation
• Cyber Power System
• HP Enterprise Company
• Caterpillar Inc.

The global data center power market is segmented as follows:

By Service

• Support and maintenance
• Training and consulting
• System integration

By Solution

• Power backup
• Power distribution and measurement
• Cabling infrastructure

By Vertical

• Energy
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Government and defense
• Research and academia
• Manufacturing
• Telecommunication and IT
• Retail
• Others

By End-User Type

• Enterprise data center
• Mid-sized data center
• Large data center

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America