Global Data Center Power Market to Reach US$ 31.3 Billion by 2028, Stimulated by Rapid Digitization Among Enterprises

March 14, 2023 | Technology & Media

IMARC Group’s latest report, titled “Data Center Power Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global data center power market size reached US$ 21.8 Billion in 2022. Data center power refers to an essential component of the data center infrastructure management (DCIM) system that provides administrative control over electrical energy tools and processes of data centers. It enables the management, monitoring, and measurement of power generation, consumption, and optimization within a data center facility. Some commonly used power management solutions include Power Distribution Units (PDUs), Uninterrupted Power Supply (UPS) devices, generators, and battery monitoring systems. They aid in distributing energy from the utility grids to data center racks efficiently at lesser Power Usage Effectiveness (PUE) ratios. They also assist in lowering carbon dioxide emissions and scheduling capacity increments while considering future power requirements. Since they ensure efficient energy distribution and uninterrupted operation, even during large-scale power outages, data center power solutions are gaining immense traction across the globe. 

Global Data Center Power Market Trends:

Rapid digitization among enterprises coupled with the increasing adoption of cloud computing solutions represents the primary factor driving the market growth. This is further supported by significant expansion in the information technology (IT) sector. Moreover, the growing need to store data on the cloud has led to an increase in the establishment of mega data centers that require power in large quantities for peak data-intensive operations. In line with this, the rising preferences for advanced power distribution and management solutions in data centers due to inflating electricity prices have augmented product demand. In addition, there has been widespread adoption of power solutions among organizations for higher efficiency, scalability, and flexibility in their business operations. Along with this, the escalating demand for data centers, as they offer high-performance computing, online gaming, and media streaming, has propelled the market growth. Furthermore, the recent shift among data center facilities toward renewable energy, such as solar, wind, and geothermal power, to minimize their carbon footprint has catalyzed market growth. Other factors, including the emergence of connected medical devices, rising modular data center deployments and upgradation of existing ones, heavy investments in smart cities, and technological advancements, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 31.3 Billion by 2028, growing at a CAGR of 6.1% during 2023-2028. 

Market Summary:

  • Based on the solution type, the market has been segmented into power distribution and measurement (intelligent PDUs, non-intelligent PDUs, and monitoring software), power backup (UPS devices and generators), and cabling infrastructure (transfer switches and switchgear).
  • On the basis of the service type, the market has been classified into system integration, training and consulting, and support and maintenance.
  • The market has been divided based on size into mid-size, enterprise, and large data centers.
  • Based on the vertical, the market has been categorized into BFSI, telecommunication and IT, energy, manufacturing, and others.
  • Region-wise, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined, with some of the key players being ABB Ltd., Black Box (Essar Group), Cisco Systems Inc., CyberPower Systems, Delta Electronics Inc., Eaton Corporation plc, Fujitsu, Generac Power Systems Inc., General Electric, Huawei Technologies Co. Ltd., Legrand, Schneider Electric and Vertiv Co. 

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Solution Type, Service Type, Size, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered ABB Ltd., Black Box (Essar Group), Cisco Systems Inc., CyberPower Systems, Delta Electronics Inc., Eaton Corporation plc, Fujitsu, Generac Power Systems Inc., General Electric, Huawei Technologies Co. Ltd., Legrand, Schneider Electric and Vertiv Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Data Center Power Market to Reach US$ 31.3 Billion by 2028, Stimulated by Rapid Digitization Among Enterprises
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