Data Center Power Market Overview:
The data center power market has experienced significant growth driven by the rising demand for energy-efficient solutions to support the exponential expansion of data storage and processing needs. With digital transformation, cloud computing, and AI adoption on the rise, data centers require robust and sustainable power management systems to ensure uninterrupted operations.
Global Data Center Power Market size and share is currently valued at USD 9.44 Billion in 2024 and is anticipated to generate an estimated revenue of USD 20.73 Billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 8.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Data Center Power Market Key Drivers:
- Increased Adoption of Cloud Services: The growing reliance on cloud platforms for business operations has driven the need for scalable and reliable power infrastructure in data centers.
- Rising Focus on Energy Efficiency: Organizations are emphasizing energy-saving technologies and sustainable practices, boosting demand for advanced power management systems.
- Expansion of Hyperscale Data Centers: The proliferation of hyperscale data centers by major tech giants has significantly increased the need for sophisticated and high-capacity power solutions.
Data Center Power Industry Developments:
Recent advancements in data center power technologies include the integration of AI-based energy management systems and renewable energy sources, such as solar and wind, to minimize carbon footprints. Key industry players are investing in modular power solutions and battery storage technologies to enhance operational flexibility and efficiency. Partnerships and mergers between tech companies and energy providers are further accelerating innovation in the sector.
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Key Companies in Data Center Power Market:
- Black Box
- Eaton
- Equinix Inc.
- GDS Holdings
- Generac Power Systems, Inc.
- General Electric Company
- Huawei Technologies Co., Ltd.
- Legrand
- Rittal GmbH & Co. KG
- Schneider Electric
- Vertiv Group Corp.
Data Center Power Market Future Outlook:
The data center power market is poised for substantial growth, driven by technological advancements and the continued emphasis on sustainable power solutions. Emerging markets are expected to play a critical role in the industry’s expansion, supported by increased digitization and government initiatives.
Data Center Power Market Segmentation:
Polaris Market Research has segmented the data center power market report based on key factors such as component, data center size, end users, and verticals. This segmentation provides a comprehensive understanding of market dynamics, enabling stakeholders to identify growth opportunities and develop targeted strategies.
By Component Outlook (Revenue – USD Billion, 2020 – 2034)
- Solutions
- Services
By Data Center Size Outlook (Revenue – USD Billion, 2020 – 2034)
- Small and Medium Sized
- Large Sized
By End Users Outlook (Revenue – USD Billion, 2020 – 2034)
- Cloud Providers
- Enterprises
- Others
By Vertical Outlook (Revenue – USD Billion, 2020 – 2034)
- Banking, Financial Services, And Insurance (BFSI)
- Energy & Utilities
- Government and Defense
- Telecommunication
- Healthcare
- IT & ITES
- Other Verticals
The data center power market is at the forefront of innovation, meeting the evolving demands of the digital era. With continued investments in energy-efficient and sustainable technologies, the market is well-positioned for future growth.