Data Center Power Market Size to Reach USD 20.48 Billion by 2032 growing at 8.1% CAGR - Exclusive Report by Acumen Research and Consulting

The Data Center Power market, valued at USD 10.38 billion in 2023, is projected to surpass USD 20.48 Billion by 2032, indicating a robust CAGR of 8.1% Data center power refers to the electrical systems and technologies that provide energy to data centers, allowing them to run efficiently and constantly. It consists of components such as power distribution units (PDUs), uninterruptible power supplies (UPS), and generators to avoid downtime. However, the complexities of updating existing power infrastructure are a key limitation on the data center power business. These obstacles can impede the seamless incorporation of contemporary power solutions, delaying efficiency advances. On the other side, the growing use of cloud computing and the Internet of Things (IoT) has boosted demand for innovative data center power solutions. As these technologies become more prevalent, there is a greater demand for more resilient and scalable power systems to meet expanding data processing and storage needs.  Data Center Power Market Statistics The global data center power market, valued at USD 10.38 billion in 2023, is expected to grow at a strong CAGR of over 8.1% from 2024 to 2032 North America led the market with a notable value of USD 3.84 billion in 2023 Asia-Pacific is poised for significant growth, with a projected CAGR of 8.8% during the forecast period In 2023, the solutions segment dominated by holding 63% of the market share based on component The BFSI end-user segment captured 28% of the market share in 2023 A discernible trend in the data center power market is integration of AI-driven power management and monitoring tools for improved efficiency Access Table Of Content: https://www.acumenresearchandconsulting.com/table-of-content/data-center-power-market Data Center Power Market Dynamics Rising Demand for Advanced Power Management Solutions Fuels the Data Center Power Market Value The increasing need for better power management systems is a major driver of growth in the data center power industry. As data centers grow in size and complexity, efficient power management becomes critical for lowering energy usage and operating costs. Advanced technologies, such as AI-powered energy monitoring systems, dynamic power distribution, and predictive maintenance, allow data centers to optimize power use and increase uptime. These solutions help to reduce downtime risks and provide constant performance while satisfying sustainability objectives.  Expansion of Green and Sustainable Data Center Technologies Offer Significant Data Center Power Market Opportunity The rise of green and sustainable data center technology creates a significant opportunity in the data center power market. As environmental restrictions tighten and business sustainability goals gain prominence, data centers are evolving toward more energy-efficient architecture and renewable power sources. Solar energy integration, energy-efficient cooling systems, and the usage of renewable energy sources like as wind and hydropower are increasing popularity. These improvements help to lower the carbon footprint of data centers, making them more appealing to environmentally aware organizations. Furthermore, governments and organizations provide incentives for adopting green technologies, growing their acceptance.  Data Center Power Market Segmentation The global market for data center power has been segmented into component, data center size and end-users, and region. Component is classified into solutions (PDU, UPS, busway, others ) and services (design & consulting, integration & deployment, and support & maintenance) Data center size are divided into mid-size data centre, enterprise data centre, and large data centre End-users are categorized into BFSI, energy, healthcare, government, IT and telecommunication, retail, and others The data center power market is geographically segmented into Europe, North America, Latin America, Asia-Pacific (APAC), and the Middle East and Africa Data Center Power Market Regional Outlook In terms of data center power market analysis, North America dominated the worldwide market due to its established communications infrastructure, the presence of significant players in the region, and the availability of cutting-edge technologies. For instance, Vertiv partnered with American Electric Power (AEP) to open its Vertiv Customer Experience Center in October 2023, which will include a microgrid power solution to assist data centers in addressing electrical grid capacity concerns. The Vertiv 1.0-megawatt (MW) microgrid includes an Uninterruptible Power Supply (UPS) system, a lithium-ion battery, system controls, and other important components to meet the needs of customers who are considering the use of microgrids and energy storage systems in mission-critical power systems. The growing demand for power management systems, the increasing number of data centers and rigorous energy consumption laws all contribute to the growth of the region's data center power industry. The Asia-Pacific data center power market is predicted to develop the fastest over the forecast period, owing to increased mobile device penetration, rising demand for cloud services, and lower telecom carrier costs. The increasing number of data centers in countries like China, Japan, India, and South Korea is likely to drive market expansion in the coming years. For instance, May 2023: CyrusOne completed its strategic agreement with Kansai Electric Power Company to create data centers in Japan. With this, the company would achieve its goal of reaching a business scale of 900 MW. The plan focuses on creating new data centers that are primarily tailored to the requirements of hyperscale platform firms. The region's demand for data center power solutions has expanded due to expanding mobility, digitization, and cloud technology usage. Government measures to restrict energy use and minimize carbon footprints push industry participants to propose novel and effective solutions in the data center power sector. Data Center Power Market Players Data center power companies profiled in the report include Delta Electronic Inc, ABB Group, Eaton, General Electric, Cyber Power Systems, Inc., Generac Power Systems, Inc., Black Box Corporation, Rittal GmbH & Co. KG, GDS Holdings, and Schneider Electric. Enquire Before Buying https://www.acumenresearchandconsulting.com/inquiry-before-buying/1196 Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/1196 Mr. Richard Johnson Acumen Research and Consulting India: +918983225533 E-mail: sales@acumenresearchandconsulting.com