Data center power is a group of all services, which are required by the data center for its operations in terms of its energy requirements. The data centers consume almost 4% of the total energy generated. Many data center organizations are currently adopting advanced power distribution and management solutions to attain energy efficiency at a lesser power usage effectiveness ratio. Thus, increasing demand for reducing the power usage effectiveness ratio is expected to drive market growth during the forecast period.
The global data center power market was valued for US$ 21298.9 Mn in 2021.
Market Dynamics
The global data center power market is expected to grow significantly during the forecast period, owing to the increasing adoption of hyper-scale data centers in large enterprises. Data centers with thousands of servers consume more power. Such kind of data centers requires continuous advancements in server rack design and storage systems to cope with growth in energy consumption. Hyperscale data centers are used to operate servers at higher utilization and save power consumption. Hyperscale data centers are used by large enterprises to maintain thousands of servers and store large amounts of data. Various features are provided by hyper-scale data centers such as increased efficiency, lower energy bills, and fulfilled cooling requirements. Moreover, scalability is the major feature of these new data centers, and cloud-based companies such as Facebook and Google have built supercomputers to accommodate their hyper-scale need by using hyper-scale data centers.
Furthermore, major global players across different regions are focusing on developing new products with new features and technologies to gain competitive edge in the market. Industries are developing data centers with new features to cater to the demand from the end users. For instance, Amazon.com Inc. launched four new renewable energy projects to supply greener power for data centers operated by its cloud computing subsidiary Amazon Web Services Inc. (AWS).
Key features of the study:
- This report provides an in-depth analysis of the global data center power market (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global data center power market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Schneider Electric, Vertiv Group Corp., ABB, Eaton, Huawei Technologies Co., Ltd., Tripp Lite, Toshiba India Pvt. Ltd., Siemens, Mitsubishi Electric Corporation, Cisco System Inc., Kehua Hengsheng Co., Ltd., Socomec, Cyber Power Systems, Inc., Bxterra Power Technology, ZincFive, Inc., Server Technology, Inc, Schneider Electric, General Electric, and Hewlett Packard Enterprise Development LP
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global data center power market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data center power market
Detailed Segmentation
- Global Data Center Power Market, By Component:
- Solution
- Sub Segment
- Power distribution
- Power monitoring
- Power backup
- Cabling infrastructure
- Services
- Sub Segment
- Design and consulting
- Integration and deployment
- Support and maintenance
- Global Data Center Power Market, By Data Center Size
- SMEs Data Centers
- Large Data Centers
- Global Data Center Power Market, By Vertical:
- Passenger Cars (excluding electric vehicles)
- Two/Three Wheelers(excluding electric vehicles)
- Commercial Vehicles(excluding electric vehicles)
- Sub-Segment
- Light Commercial Vehicles
- Heavy Commercial vehicles
- Global Data Center Power Market, By Electric Vehicle:
- BFSI
- IT and Telecommunication
- Media and Entertainment
- Healthcare
- Government and Defense
- Retail
- Manufacturing
- Others
- Sub Segment
- Energy
- Research and Academia
- Transport and Logistics
- Global Data Center Power Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Schneider Electric *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Vertiv Group Corp.
- ABB
- Eaton
- Huawei Technologies Co., Ltd
- Tripp Lite, Toshiba India Pvt. Ltd.
- Siemens
- Mitsubishi Electric Corporation
- Cisco System Inc.
- Kehua Hengsheng Co., Ltd.
- Socomec, Cyber Power Systems, Inc.
- Bxterra Power Technology
- ZincFive, Inc.
- Server Technology, Inc.
- General Electric
- Hewlett Packard Enterprise Development LP
