Data Center Power Market to be Worth $15.0 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 4, 2022 /PRNewswire/ -- 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.

Key Insights & Findings from the report:

• 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.

Read 100-page market research report, "Data Center Power Market Size, Share & Trends Analysis Report By Product (PDU, UPS, Busway), By End Use (IT & Telecom, BFSI, Energy, Healthcare, Retail), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Data Center Power Market Growth & Trends

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. Tier1 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.

Data Center Power Market Segmentation

Grand View Research has segmented the data center power market based on product, end-use, and region:

Data Center Power Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

• PDU
• UPS
• Busway
• Others

Data Center Power Market End-use Outlook (Revenue, USD Million, 2018 - 2030)

• IT & Telecom
• BFSI
• Government
• Energy
• Healthcare
• Retail
• Others

Data Center Power Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Netherlands
• Denmark
• Finland
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Singapore
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East and Africa (MEA)
• UAE
• Saudi Arabia
• South Africa

List of Key Players in the global Data Center Power Market

• ABB
• Black Box Corporation
• Eaton
• General Electric
• Generac Power Systems, Inc.,
• Huawei Technologies Co., Ltd,
• Legrand
• Rittal GmbH & Co. KG
• Tripp Lite
• Schneider Electric
• Vertiv Co.

Check out more related studies published by Grand View Research:

• Data Center Substation Market - The global data center substation market size is expected to reach USD 14.80 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030, according to a study conducted by Grand View Research, Inc. Data centers are a vital part of the IT infrastructure of the digitized society. New data-intensive technologies and high-speed wireless networks have led to an increased demand for data centers among businesses of all sizes, right from major electricity-intensive industries to limited enterprise computing centers.
• Data Center Colocation Market - The global data center colocation market size is expected to reach USD 117.82 billion by 2028, recording a CAGR of 13.3% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. Several businesses and cloud service providers are shifting toward colocation or multi-tenant data centers, which is a key factor contributing to the market growth. Colocation is the preferred choice among numerous enterprises as it offers increased cost benefits compared to building and maintaining their own data center facility. Colocation data centers also offer operational flexibility while scaling up infrastructure to accommodate larger data volumes. With the rising costs of land, property, and IT infrastructure, these data centers are a viable option for SMEs due to limited IT spending.
• Europe Data Center Colocation Market - The Europe data center colocation market size is anticipated to reach USD 33.66 billion by 2028, recording a CAGR of 13.1%, over the forecast period, according to a study conducted by Grand View Research, Inc. The market is driven by the factors such as the rising costs of data center infrastructure, lack of floor space, and rising power costs. Enterprises are inclined toward colocation data centers as it enables them to place their infrastructure in proximity to their users and provide better services. Additionally, colocation data centers also fulfill their power and space requirements while offering them the option to scale up their infrastructure as per the requirement.

Browse through Grand View Research's Communications Infrastructure Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected] 
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline 
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

[ Back To TMCnet.com's Homepage ]