Data Center Power Market us predicted to grow at a 6.1% CAGR during the forecast period and anticipated to reach USD 29,597 Million by 2027.

Introduction of the Data Center Power Market Report

Data center power is an essential component for data centers used for storing and other management purposes. Power breakdown accounts for servers 56%, cooling for 30%, power condition 8%, network 5%, and lighting 1%. The data center is a provision that centralizes an organization’s shared IT equipment and operations to process and store. Thus, with the emergence of cloud computing and virtualization, the global data center power market has grown.

To have an edge over the competition by knowing the market dynamics and current trends of “Data Center Power Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The rise in introducing advanced systems to reduce power consumption coupled with the emergence of modular data centers is expected to drive the data center power market size. Increasing adoption of cloud computing and mega data centers will bolster the market growth. According to Cisco, data center traffic is projected to reach 19.5 zettabytes (ZB) per year by 2021, owing to the increasing adoption of Internet of Things (IoT) applications like smart cars, smart cities, and connected health devices.

With the rising energy cost, carbon emissions, and the awareness among industry players to conserve energy, the adoption of advanced and effective power infrastructure to minimize carbon discharge and reduce operational expenditure, will expand the market growth. The replacement of traditional data centers by new systems, such as hyper-scale and colocation data centers with advanced power management capabilities is forecast to fuel the market. Leading companies have adopted battery monitoring devices, PUE monitoring devices, and intelligent power strips to decrease Power Usage Efficiency (PUE) ratio and optimize energy consumption, further propelling the global data center power market size. However, huge investment required for power facility, cabling, data center infrastructure management (DCIM) solutions might restrain the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product – Segment Analysis

Based on the Product, UPS is expected to dominate the global data center power market over the forecast period. The rise in implementation of cloud computing is surging the demand for UPS, which is driving the growth of data center power market. There is an increasing demand of UPS in data center as it delivers a dependable voltage supply using a power source. Transformerless UPS provides the same output and input voltage, which results in an extended operation period without any hamper. All in all, UPS provides continuity of power and enables data centers to work efficiently without interruption, which is driving the growth of the UPS segment in the market for data center.

End Use – Segment Analysis

Based on the End Use, IT and telecommunications sector is expected to grow at a higher CAGR over the forecast period. High adoption of data centers by the key IT players across the globe, such as Accenture, TCS, and IBM, are expected to increase the demand for the data center power. Data centers provide reliable storage of the essential and non-essential data and eliminate the glitches of portable technology, which supports the IT industry, thus leading to the data center market’s growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

On the basis of region, North America region is expected to dominate the global data center market over the forecast period based on the region. Key players like Schneider Electric, ABB, Huawei Technologies Co., Ltd. Etc. have a strong presence in the region, thus contributing to the growth of the market in the region. Furthermore, the IT industry comes among the top five in driving the U.S. economy, which has significantly impacted the consumption of data center power positively.  With new creating possibilities in IT like IoT and AI, the sector will set a new benchmark, ultimately boosting the growth of the data center power market.

Top Market Players

Various notable players operating in the market include Schneider Electric, Vertiv Group Corp., ABB, Eaton, Delta Electronics, Inc., Huawei Technologies Co., Ltd., legrand, Tripp Lite., Toshiba India Pvt. Ltd., and Siemens, among others. 

Key Developments:

• • In 2022, Tripp Lite by Eaton business launched different options to connect and control network equipment in industrial environments, such as factories and warehouses. The new and lite managed industrial Gigabit Ethernet switches possess an IP30-rated ruggedized metal case that can handle vibration, shock, and the low and high temperatures often found on the factory floor.
  • In 2021 – Eaton Corporation Plc collaborated with Microsoft Corporation to identify ways for monetization of existing assest of data centers and integrated energy sources for generating a sustainable and stable grid.
  • In 2021 – ABB Limited announced a partnership between Keppel Data Centers and Salim Group. This partnership intends to provide a continuous power supply to seven-hectare IndoKeppel Data Center 1 campus in Indonesia to support the data center’s operations. Moreover, the company and its partner PT Vektordaya Mekatrik, will deliver the PowerWave 33 energy-efficient UPS to the data center (IKDC1).
  • In 2020, Schneider Electric officially announced the launch of its first smart-UPS lithum ion, for low voltage switchgears. This product launch helped in expanding the product portfolio of the company, which in turn, may help in generating more revenue from the product pipeline.
  • In 2020, ABB announced the launch of a new switch gear, named NeoGear. This product offers more safety, more reliability which meets the consumer demand, which helped in expanding the customer base of the company.

Segments covered in the Report:

The global data center power market has been segmented based on product, end use, and regions. Based on product, the market is segmented into PDU, UPS, busway and others. Based on End Use, the market is segmented into IT and telecommunications, banking, financial services, and insurance (BFSI), government and defence, healthcare, research and academic and others. 

For detailed scope of the “Data Center Power Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global data center power market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in data center power market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global data center power market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various end use areas of global data center power market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 29,597 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By End Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Schneider Electric, Vertiv Group Corp., ABB, Eaton, Delta Electronics, Inc., Huawei Technologies Co., Ltd., legrand, Tripp Lite., Toshiba India Pvt. Ltd., Siemens, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Data Center Power Market by Product

• • PDU
  • UPS
  • Buswway
  • Others

Global Data Center Power Market by End Use

• • IT & Telecommunications
  • Banking, Financial Services and Insurance (BFSI)
  • Government and Defense
  • Healthcare
  • Research and Academic
  • Others

Global Data Center Power Market by Region

• • North America Data Center Power Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By End Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Data Center Power Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By End Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Data Center Power Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By End Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Data Center Power Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By End Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Data Center Power (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schneider Electric
  • Vertiv Group Corp.
  • ABB
  • Eaton
  • Delta Electronics
  • Huawei Technologies Co., Ltd.
  • legrand
  • Tripp Lite.
  • Toshiba India Pvt. Ltd.
  • Siemens