Data Center Power Market Size To Reach $15.01 Billion By 2030

May 2024 | Report Format: Electronic (PDF)

Data Center Power Market Growth & Trends

The global data center power market size is expected to reach USD 15.01 billion by 2030, exhibiting a CAGR of 8.1% from 2024 to 2030, according to a new study by Grand View Research, Inc. The factor driving the market growth is the shift in focus of end-users towards colocation and hyper-scale data centers. In addition, increasing establishment of such data facility centers is expected to increase demand for data center power equipment over the forecast period. COVID-19 has significantly impacted the data center power industry. The rapid growth in the datasets used & generated by several companies and individuals has increased data storage demand.

Data centers consume around 1-1.25% of global energy. Thus, many data center designers adopt management solutions and advanced power distribution to attain energy efficiency at lower Power Usage Effectiveness (PUE) ratios. This goal to reduce the PUE ratio is expected to further fuel the demand for intelligent and advanced data center power industry products over the forecast period.

An uninterrupted power supply (UPS) is the backbone of data centers and is deployed to ensure the smooth working of servers and other networking devices. Moreover, UPS's cost is significantly higher than any other data center power product. Furthermore, most data centers use smart UPS systems, battery monitoring devices, and intelligent power distribution systems (PDU) to reduce the PUE ratio. Thus, increasing penetration of these new devices is expected to boost the demand for UPS over the forecast period.

Many mega data centers in North America engage in procuring renewable energy sources for data center operations. Tier 1 and Tier 2 facilities are anticipated to witness the espousal of basic PDUs. However, the adoption of intelligent infrastructure with power monitoring ability is expected to grow due to rising concerns about power consumption, particularly in the U.S. However, the rise in complexity of data center design, high initial investment costs, and interoperability issues are expected to hinder the growth of the market for data center power.

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Data Center Power Market Report Highlights

  • By component, the service segment is experiencing significant growth, driven by several key factors, such as increasing complexity of data center power systems, growth of cloud computing and hyperscale facilities, and skilled labour shortage

  • By solution, the busway segment is expected to register a CAGR of around 10.9% from 2024 to 2030. The rise of data-driven technologies such as AI, machine learning, and real-time analytics has created a need for powerful computing infrastructures

  • By service, the support & maintenance segment is expected to grow significantly in the forecasted period due to end users increasingly opting for support and maintenance services for various purposes such as installation, maintenance, and troubleshooting

  • By end-use, the IT and telecommunications segment is expected to grow significantly over the forecast period. The rapid upsurge in the growth and construction of IT infrastructure is expected to drive the demand during the forecast period

  • North America accounted for around 37.8% revenue market share in 2023 due to an increase in U.S. data centers and the region’s appeal to operators and cloud service providers due to cost-effective utilities and tax benefits

Data Center Power Market Segmentation

Grand View Research has segmented the global data center power market based on component, solution, service, end-use, and region:

Data Center Power Component Outlook (Revenue, USD Million, 2018 - 2030­)

  • Solutions

  • Services

Data Center Power Solutions Outlook (Revenue, USD Million, 2018 - 2030­)

  • PDU

  • UPS

  • Busway

  • Others

Data Center Power Services Outlook (Revenue, USD Million, 2018 - 2030­)

  • Design & Consulting

  • Integration & Deployment

  • Support & Maintenance

Data Center Power End-use Outlook (Revenue, USD Million, 2018 - 2030­)

  • IT & Telecommunications

  • BFSI

  • Government

  • Energy

  • Healthcare

  • Retail

  • Others

Data Center Power Regional Outlook (Revenue, USD Million, 2018 - 2030­)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Netherlands

    • Denmark

    • Finland

    • Spain

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Singapore

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa (MEA)

    • UAE

    • Saudi Arabia

    • South Africa

List of Key Players in the Data Center Power Market

  • ABB

  • Black Box

  • CyrusOne

  • Eaton

  • Equinix Inc.

  • GDS Holdings

  • Generac Power Systems, Inc.

  • General Electric Company

  • Huawei Technologies Co., Ltd.

  • Legrand

  • N1 Critical Technologies

  • NTT Global Data Centers

  • Raman Power Technologies

  • Rittal GmbH & Co. KG,

  • Schneider Electric

  • Vertiv Group Corp.

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