IMARC Group’s latest research report, titled “Data Center Power Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the data center power market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global data center power market size reached US$ 21.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
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Data Center Power Market Overview:
Data center power refers to the electrical infrastructure that supplies energy to critical IT equipment and systems within a data center facility. Reliable and consistent power ensures uninterrupted operation, as data centers house servers, storage devices, and networking gear vital for digital services. Robust power distribution, backup generators, uninterruptible power supplies (UPS), and precision cooling systems are integrated to maintain optimal operating conditions. Efficient power management reduces downtime risks and energy consumption, enhancing overall performance and sustainability in modern data centers, which are the backbone of today’s digital landscape.
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Data Center Power Market Trends:
The global market is majorly driven by the increasing digitization of businesses and services. In line with this, the rise of cloud services fuels the expansion of data centers, requiring scalable power infrastructure to accommodate higher workloads. Furthermore, the growing deployment of edge data centers near users promotes demand for localized power solutions, optimizing latency and performance. Apart from this, the expansion of the Internet of Things (IoT) devices generates massive data streams, necessitating robust data center power to manage and analyze this information. Moreover, the rise in online shopping and e-commerce platforms increases data center requirements, boosting the need for reliable power solutions. Besides, the shift to remote work highlights the importance of data centers, driving investments in power infrastructure to support remote collaboration tools. Additionally, the rollout of 5G networks accelerates demand for data center power as higher data speeds and capacities require robust processing capabilities.
Competitive Landscape with Key Players:
- ABB Ltd.
- Black Box (Essar Group)
- Cisco Systems Inc.
- CyberPower Systems
- Delta Electronics Inc.
- Eaton Corporation plc
- Fujitsu
- Generac Power Systems Inc.
- General Electric
- Huawei Technologies Co. Ltd.
- Legrand
- Schneider Electric
- Vertiv Co.
Key Market Segmentation:
Breakup by Solution Type:
- Power Distribution and Measurement
- Intelligent PDUs
- Non-Intelligent PDUs
- Monitoring Software
- Power Backup
- UPS Devices
- Generators
- Cabling Infrastructure
- Transfer Switches
- Switchgear
Breakup by Service Type:
- System Integration
- Training and Consulting
- Support and Maintenance
Breakup by Size:
- Mid-Size Data Center
- Enterprise Data Center
- Large Data Center
Breakup by Vertical:
- BFSI
- Telecommunication and IT
- Energy
- Manufacturing
- Others
Breakup by Region:
- North America (United States, Canada)
- Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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