Data Center Power Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
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Data Center Power Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
Data Center Power Market by Component (Service (Support and maintenance, training and consulting, System integration), Solution (Power backup, Power distribution, and measurement, Cabling infrastructure), Data Center Size (Small & Mid-Sized Data Center, Large Data Center), Application (Telecom & IT, Banking, Financial Services and Insurance (BFSI), Government, Other), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Data Center Power Market by Component (Service (Support and maintenance, training and consulting, System integration), Solution (Power backup, Power distribution, and measurement, Cabling infrastructure), Data Center Size ...
"The global data center power market was valued at USD 20.2 billion in 2021 and is projected to reach USD 31.0 billion by 2028, registering a CAGR of 6.2% during the forecast period."
A data center is known as a self-contained unit built in the building It is used to house computing equipment such as servers coupled with different components including network, telecommunications, and storage systems. Every data center involves the use of alternating current (AC) and direct current (DC) power since the AC is often converted to DC or vice versa.
The data center powermarket is driven by a host of factors, some of which are noted below:
The increasing adoption of advanced technologies such as cloud computing in numerous end-use industries.
The growing use of data centers due to their superior benefits such as efficiency, enhanced scalability, and flexibility of business operations.
Increasing demand for advanced systems to reduce power consumption and the emergence of modular data centers.
Enterprises must reduce operational expenses.
State-of-the-art power-saving variants are being introduced, alongside modular data centers, to reduce data center power consumption.
Data Center Power Market Report Overview
Market Size in 2028
USD 31.0 Billion
CAGR (2022-2028)
6.2%
Market Size in 2021
USD 20.2 Billion
Base Year of Study
2021
Trend Period
2017-2020
Forecast Period
2022-2028
Segment Analysis
Application Trends
"The telecom & IT segment accounted for the largest market share."
The market has been bifurcated into telecom & IT, banking, financial services and insurance (BFSI), government, and others. The telecom & IT segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period.
Regional Insights
"North America accounted for the largest market share."
The market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to increasing demand for modular data centers and key market players such as Vertiv Holdings Co (US) and Raritan (US). The market in Asia-Pacific is expected to be driven by the rising adoption of data centers in end-use industries, particularly in China and India.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Data Center Power Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s data center power market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
Recent Developments
August 2022: Australian firm Canberra Data Centres (CDC) has launched two data centers in the Silverdale and Hobsonville areas of Auckland. Auckland Campus One in Silverdale and Hobsonville’s Campus Two can both support up to 14MW of power each.
Partners including Vodafone New Zealand, Vector, Kordia and Feenix are among the first New Zealand network service providers to service their customers’ IT needs from within the new facilities.
June 2022: Serverfarm, the innovative data center operator and developer, is expanding its carrier-neutral LON1 data center with an additional 8MW of highly efficient IT capacity in response to strong customer demand.
Serverfarm has operated its LON1 data center since March 2018 in Feltham, a location benefitting from its proximity to Slough, Hayes, Hounslow and Park Royal and strong connectivity to all major cloud platforms.
May 2022: Energy company, AES Corporation, has announced a 20-year agreement with Microsoft to provide renewable energy to its data centers in California.
The agreement expands upon prior renewable energy agreements between the two companies, with AES supporting Microsoft in the pursuit of its goal of utilising 100 per cent of its electricity consumption, 100 per cent of the time, matched by zero-carbon energy purchases, by 2030.
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A data center is known as a self-contained unit built in the building It is used to house computing equipment such as servers coupled with different components including network, telecommunications, and storage systems. Every data center involves the use of alternating current (AC) and direct current (DC) power since the AC is often converted to DC or vice versa.
Vertiv Holdings Co (US), Raritan (US), ABB Ltd (Switzerland), Eaton Corporation Plc (Ireland), General Electric Company (US), Rittal GmbH & Co. KG (Germany), Schneider Electric SE (France), Cummins (US), Tripp Lite (US), Hewlett-Packard Development (US), Delta Power Solu-tions (Taiwan), CyberPower Systems (US) and Santak (China) are among the key players in the market.
The increasing adoption of advanced technologies such as cloud computing in numerous end-use industries.
The growing use of data centers due to their superior benefits such as efficiency, enhanced scalability, and flexibility of business operations is another key factor propelling market growth.
Increasing demand for advanced systems to reduce power consumption and the emergence of modular data centers
Enterprises must reduce operational expenses to meet rising demands.
State-of-the-art power-saving variants are being introduced, alongside modular data centers, to reduce data centre power consumption.