Data Center Power Market
Data Center Power Market is forecast to expand at a 6% CAGR over the forecast period, attaining a value of USD 29,597 Million by 2027 mainly due to the advent of modular data centers.
Factors such as increasing infrastructural investment for data center, incorporation of advanced technologies like edge computing, 5G technology, and IoT, and the growing demand for data center power driven by the increasing energy consumption, are projected to proliferate the global data center power market. As per the U.S. Energy Information Administration, overall energy consumption is projected to expand by 50%, which is led by Asia’s growth between 2018-2050. Moreover, the emerging need to optimize the operational expenses will further propel the data center power market size.
By Product, UPS is anticipated to witness a promising growth over the forecast period, owing to the growing implementation of cloud computing. Also, the reliable voltage supply, effective work, minimal intervention offered by UPS in data centers, drives the segment’s growth.
By End Use, IT and telecommunications sector is forecast to hold a larger share over the forecast period. Growing adoption of data centers by leading IT players like TCS, IBM, and Accenture, owing to their ability to offer safe storage to essential and non-essential data and reduce the difficulty of portable technology will fuel the segment’s growth.
By region, North America region is likely to dominate the market, owing to the strong presence of leading players like Schneider Electric, ABB, Huawei Technologies Co., Ltd.
Leading players operating in the market include Vertiv Group Corp., Schneider Electric, ABB, Eaton, Delta Electronics, Inc., legrand, Tripp Lite., Toshiba India Pvt. Ltd., Huawei Technologies Co., Ltd., and Siemens, among others.
In 2020, Schneider Electric launched its first smart-UPS lithum ion, for low voltage switchgears. This helped the organization expanding the portfolio of the company.
Data Center Power Market Segmentation:
Data Center Power Market by Product
Data Center Power Market by End Use
- IT Telecommunications
- Banking, Financial Services and Insurance (BFSI)
- Government and Defense
- Research and Academic
Data Center Power Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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