The global data center power market size is expected to reach USD 15.0 billion by 2030, expanding at a CAGR of 7.9% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers. Rising establishments of such data center facilities are anticipated to result in an increasing demand for data center power equipment during the forecast period. The data center power industry has been significantly impacted by the COVID-19 pandemic. The rapid advancement in the datasets utilized & generated by various companies and individuals has resulted in a rise in data storage demand.
Globally, data centers consume around 3% of the total energy generated. Thus, various data center designers are currently adopting advanced power distribution and management solutions 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 products during the forecast period.
An uninterrupted power supply (UPS) is the backbone of data centers and is deployed for the smooth working of servers and other networking devices. Moreover, the cost of UPS 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 during 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 witness growth owing 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 data center power market.
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The UPS segment held the largest market share in 2021, accredited to the increasing demand for energy in data centers and the adoption of co-location data centers globally
The PDU category is expected to expand at an annual pace of 8.4% from 2022 to 2030. The need for intelligent power distribution units is largely responsible for this rise
The IT and telecoms industry emerged as the fastest-growing end-use segment, with a projected value of USD 2.5 billion by 2030. During the forecast period, demand is likely to be driven by a significant increase in the expansion and building of IT infrastructure
North America accounted for around 37.9% market share in terms of revenue in 2021 and is expected to continue its dominance during the forecast period. This is due to the increasing number of data centers in the U.S. Additionally, the region has emerged as the hub for operators and cloud service providers owing to affordable utility rates and tax incentives
Grand View Research has segmented the data center power market based on product, end-use, and region:
Data Center Power Product Outlook (Revenue, USD Million, 2018 - 2030)
Data Center Power End-use Outlook (Revenue, USD Million, 2018 - 2030)
IT & Telecom
Data Center Power Regional Outlook (Revenue, USD Million, 2018 - 2030)
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
List of Key Players in the global Data Center Power Market
Black Box Corporation
Generac Power Systems, Inc.,
Huawei Technologies Co., Ltd,
Rittal GmbH & Co. KG
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