The global data center power market is envisioned to garner $23,953.4million by 2031, growing from $11,200 million in 2021 at a CAGR of 8.0% from 2021 to 2031.
Data centers spend a lot of money on power, so to cover these operational costs, modern data centers install power systems that are both economical and efficient in terms of energy use. Therefore, the market’s growth is being boosted by the rise in use of modern data center power systems that meet modern IT capabilities in a cost-effective and energy-efficient manner. Many designers and manufacturers are deploying and implementing advanced management solutions, which are improving the energy consumption in these systems and driving the market growth globally to increase efficiency and decrease the power usage effectiveness (PUE) ratio.
Due to geopolitical unrest, vendors offering offshore data center power solutions and services are subject to regulations. Furthermore, due to increase in geopolitical tensions between nations, international regulatory compliances are becoming more complex. Geopolitical tension-related complications have emerged as a barrier to the global market's expansion.
Cloud computing is becoming more and more popular, and this is helping the market expand and give rise to massive hyperscale cloud data centers. By 2021, data center traffic is predicted by Cisco to reach 19.5 zettabytes (ZB) annually due to factors such as the expansion of Internet of Things (IoT) applications such as connected health devices, smart cities, and cars. Microsoft's Azure cloud has been carbon-neutral, and half of the energy it uses already comes from 1.2 gigawatts of wind, solar, and hydroelectric sources. For instance, as the pandemic increased demand for cloud computing tools from private- and public-sector organizations, Oracle Corporation, an American multinational computer technology corporation headquartered in Austin, Texas, opened its first cloud region in the Nordics in Stockholm, along with one in Milan, Italy, in December 2021.
The COVID-19 pandemic has altered how businesses conduct themselves in times of crisis. Businesses have updated their operating models to take into account the following, including improved health and safety provisions; increased support for mobile and remote working; requirements to automate business processes & functions; advancements in cybersecurity arrangements; and the transition to pay-per-use business models.
Flexible IT architectures and modified vendor commercial agreements are necessary for these changes. When it comes to a company's enterprise IT needs, a well-designed and configured cloud service can be the best choice, offering a practical solution with increased flexibility and security at a reasonable price.
The key players profiled in this report include Vertiv Group Corp., ABB, General Electric, Schneider Electric, Anord Mardix, ZincFive, Inc., Siemens, Mitsubishi Electric Corporation, Cisco Systems, Inc., and Eaton.
Data centers spend a lot of money on power, so to cover these operational costs, modern data centers install power systems that are both economical and efficient in terms of energy use. Therefore, the market’s growth is being boosted by the rise in use of modern data center power systems that meet modern IT capabilities in a cost-effective and energy-efficient manner. Many designers and manufacturers are deploying and implementing advanced management solutions, which are improving the energy consumption in these systems and driving the market growth globally to increase efficiency and decrease the power usage effectiveness (PUE) ratio.
Due to geopolitical unrest, vendors offering offshore data center power solutions and services are subject to regulations. Furthermore, due to increase in geopolitical tensions between nations, international regulatory compliances are becoming more complex. Geopolitical tension-related complications have emerged as a barrier to the global market's expansion.
Cloud computing is becoming more and more popular, and this is helping the market expand and give rise to massive hyperscale cloud data centers. By 2021, data center traffic is predicted by Cisco to reach 19.5 zettabytes (ZB) annually due to factors such as the expansion of Internet of Things (IoT) applications such as connected health devices, smart cities, and cars. Microsoft's Azure cloud has been carbon-neutral, and half of the energy it uses already comes from 1.2 gigawatts of wind, solar, and hydroelectric sources. For instance, as the pandemic increased demand for cloud computing tools from private- and public-sector organizations, Oracle Corporation, an American multinational computer technology corporation headquartered in Austin, Texas, opened its first cloud region in the Nordics in Stockholm, along with one in Milan, Italy, in December 2021.
The COVID-19 pandemic has altered how businesses conduct themselves in times of crisis. Businesses have updated their operating models to take into account the following, including improved health and safety provisions; increased support for mobile and remote working; requirements to automate business processes & functions; advancements in cybersecurity arrangements; and the transition to pay-per-use business models.
Flexible IT architectures and modified vendor commercial agreements are necessary for these changes. When it comes to a company's enterprise IT needs, a well-designed and configured cloud service can be the best choice, offering a practical solution with increased flexibility and security at a reasonable price.
The key players profiled in this report include Vertiv Group Corp., ABB, General Electric, Schneider Electric, Anord Mardix, ZincFive, Inc., Siemens, Mitsubishi Electric Corporation, Cisco Systems, Inc., and Eaton.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data center power market analysis from 2021 to 2031 to identify the prevailing data center power market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the data center power market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global data center power market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- UPS
- PDU
- Busway
- Others
By End Use
- IT Telecom
- BFSI
- Government
- Energy
- Healthcare
- Retail
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- UAE
- South Africa
- Rest of LAMEA
- Brazil
- Saudi Arabia
Key Market Players
- ABB
- Siemens
- Vertiv Group Corp.
- EATON
- cyber power systems b. v.
- Delta Electronics, Inc.
- legrand
- Mitsubishi Electric
- PDU Experts UK
- Anord Mardix
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Regulatory Guidelines
3.8. Value Chain Analysis
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape
CHAPTER 4: DATA CENTER POWER MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 UPS
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 PDU
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Busway
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: DATA CENTER POWER MARKET, BY END USE
5.1 Overview
5.1.1 Market size and forecast
5.2 IT & Telecom
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 BFSI
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Government
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Energy
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Healthcare
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Retail
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Others
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
CHAPTER 6: DATA CENTER POWER MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Product
6.2.3 North America Market size and forecast, by End Use
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Product
6.2.4.1.2 Market size and forecast, by End Use
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Product
6.2.4.2.2 Market size and forecast, by End Use
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Product
6.2.4.3.2 Market size and forecast, by End Use
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Product
6.3.3 Europe Market size and forecast, by End Use
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Product
6.3.4.1.2 Market size and forecast, by End Use
6.3.4.2 United Kingdom
6.3.4.2.1 Market size and forecast, by Product
6.3.4.2.2 Market size and forecast, by End Use
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Product
6.3.4.3.2 Market size and forecast, by End Use
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Product
6.3.4.4.2 Market size and forecast, by End Use
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Product
6.3.4.5.2 Market size and forecast, by End Use
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Product
6.3.4.6.2 Market size and forecast, by End Use
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Product
6.4.3 Asia-Pacific Market size and forecast, by End Use
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Product
6.4.4.1.2 Market size and forecast, by End Use
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Product
6.4.4.2.2 Market size and forecast, by End Use
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Product
6.4.4.3.2 Market size and forecast, by End Use
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Product
6.4.4.4.2 Market size and forecast, by End Use
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Product
6.4.4.5.2 Market size and forecast, by End Use
6.4.4.6 Rest Of Asia Pacific
6.4.4.6.1 Market size and forecast, by Product
6.4.4.6.2 Market size and forecast, by End Use
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Product
6.5.3 LAMEA Market size and forecast, by End Use
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Product
6.5.4.1.2 Market size and forecast, by End Use
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Product
6.5.4.2.2 Market size and forecast, by End Use
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Product
6.5.4.3.2 Market size and forecast, by End Use
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Product
6.5.4.4.2 Market size and forecast, by End Use
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Product
6.5.4.5.2 Market size and forecast, by End Use
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ABB
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Siemens
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Vertiv Group Corp.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 EATON
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 cyber power systems b. v.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Delta Electronics, Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 legrand
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Mitsubishi Electric
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 PDU Experts UK
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Anord Mardix
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Data Center Power Market,' the data center power market size was valued at $11.2 billion in 2021, and is estimated to reach $24 billion by 2031, growing at a CAGR of 8% from 2022 to 2031.Data center has caused technology and services to grow at an unbelievable rate in the industry. Technologies such as cloud computing demand a lot of processing power, but they have advantages such as improved scalability, efficiency, and flexibility of business operations. As a result, many medium-sized businesses now use effective data centers, such as cloud web hosting and colocation data centers. Additionally, since data centers are used more frequently, mega and cloud data centers are being adopted more frequently. Due to their peak power needs for data-intensive operations, these data centers have a high demand for uninterruptible power supply (UPS) and power distribution units (PDUs). Power management products assist in distributing power from the utility grid to data center racks and supply power during power outages. The data center's size, the number of servers, the air-control techniques used, and the number of other connected equipment all have a big impact on how much power it requires. Additionally, even if the workloads in data centers have grown more quickly, tight measures for improving power efficiency have been adopted to keep up with the growth in power demand in data centers.
The high initial investment needed in the data center power market is a significant barrier for businesses. It is necessary to switch from outdated to modern data center components in order to implement modern power systems in data centers. This shit needs infrastructure upgrades, the installation of new hardware and software, and labor. High initial investment is necessary for this transition process. Due to this requirement, the majority of businesses, including SMEs with limited capital, frequently cannot update their data center.
Data center owners strive to reduce operational costs by maximizing savings. The cost of servers, racks, and Heating Ventilation and air conditioning (HVAC) systems in data centers, as well as power rates, all rise along with operational costs. According to the U.S. Chamber of Technology Engagement Center (CTEC), an average large data center's annual operating costs equal 8.6 percent of capital expenditures. Power expenses can make up anywhere between 40% and 80% of the total cost of running data centers, depending on the energy sources, regions, and data center tiers used. The reliability level is correlated with a rise in infrastructure costs and operational complexity in data centers. Most of the money that data centers spend goes on power. Data centers are provided with dependable and sustainable power systems by vendors offering data center power solutions. These suppliers provide more affordable installation and infrastructure costs, lower energy losses, and long-term energy storage solutions without the need for battery replacement. These advantages are anticipated to accelerate the global data center power market's expansion.
The global data center power market share is segmented based on product, end user, and region. By product, it is classified into PDU, UPS, Busway, and others. By end-user, it is classified into IT & telecommunications, BFSI, government, energy, healthcare, retail, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the data center power market report include Vertiv Group Corp., ABB, General Electric, Schneider Electric, Anord Mardix, ZincFive, Inc., Siemens, Mitsubishi Electric Corporation, Cisco Systems, Inc., and Eaton.
The report offers a comprehensive analysis of the global data center power industry trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. Furthermore, the report sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
Impact of Covid-19 on the Global Data center power industry
COVID-19 outbreak gave rise to a new business environment that will increase demand for cloud services and digitization, having a significant impact on the world global market for data center power.In the pandemic, the demand for online services such as gaming, streaming video, live events, and others increased tremendously. So, in order to meet the increased demand, technological innovating companies focus on the installation of a highly reliable data center to meet the demand.
The pandemic outbreak has wreaked havoc on many other sectors of the economy but has had a favorable effect on the market for data center power. This is primarily due to the pandemic-era increase in the work-from-home culture and demand for software as a service (SaaS) in the pandemic era.
Key Findings of the Study
By product, the UPS sub-segment will have a significant market share during the forecast period.Based on end-user the global data center power market analysis is divided into IT & telecommunications, BFSI, government, energy, healthcare, retail, and others.
Based on region, the Asia-Pacific market is anticipated to grow the most and is projected to maintain its position during the forecast period.
An in-depth study of the global data center power market forecast is provided in the report.
Companies Mentioned
- ABB
- Siemens
- Vertiv Group Corp.
- Eaton
- Cyber Power Systems B.V.
- Delta Electronics, Inc.
- Legrand
- Mitsubishi Electric
- Pdu Experts UK
- Anord Mardix
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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