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)


About Us:

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.


Contact Us:

IMARC Group
30 N A
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Data Center Power Market to Reach US$ 31.3 Billion by 2028, Stimulated by Rapid Digitization Among Enterprises
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More