With reach US$ 6,729.53 Million, Data Center Generator Market shares overview with 5.3% CAGR by 2028

Data Center Generator Market: Key Insights

According to our latest market study on "Data Center Generator Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Capacity, and Tier," the market is expected to grow from US$ 4,693.00 million in 2021 to US$ 6,729.53 million by 2028; it is estimated to grow at a CAGR of 5.3% during 2021-2028.

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Generators serve as a backup power supply reservoir for data centers during a power outage. A total power outage in a data center may need a system restart, resulting in system downtime, startup challenges, and data loss. Hence, data centers are always backed by a backup power supply provided by generators to avoid such abnormalities and failures. The fundamental factors fueling the interest in renewables are environmental sustainability and energy savings. The cost of power in a data center is high, accounting for over half of the total operating expenses. When rising and unpredictable energy costs and levies linked with pending carbon emission regulations are considered, it is easy to see why operators are becoming more interested in renewables' role in lowering and stabilizing energy costs. Google's hyper-scale data centers have been pioneers in renewable energy programs, researching their inherent financial, environmental, and social value. Google chooses locations for its data centers based on various considerations, including the availability of reliable service and the opportunity for renewable energy. As a result, it employs renewable energy in the form of wind and solar to power over 35% of its operations through power purchase agreements (PPAs), a technique that encourages utility providers to increase the use of renewables.

Facebook is constructing facilities in Iowa that will be powered entirely by a local wind project that the company helped establish. Microsoft has erected a 100% hydroelectric data center in Quincy, Washington, and is experimenting with using biogas from a local Cheyenne wastewater treatment facility to power a 200 kW data center in Wyoming. Apple has installed a 100-acre, 20-megawatt solar plant inside its Maiden, North Carolina site, allowing it to run entirely on renewable energy. In addition, Dubai Electricity and Water Authority launched the first phase of the Middle East & Africa's largest solar-powered data center as the emirate attempts to strengthen its green economy and focus on sustainable development.

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Increase in Number of Data Centers

There are already around seven billion internet-connected devices in this age of data, and that figure is growing. Many of them produce huge amounts of data, which must be recorded, routed, stored, assessed, and retrieved. Manufacturers rely on big data and data analytics to improve the efficiency, productivity, security, and cost-effectiveness of their operations as the Internet of Things (IoT) and Industry 4.0 take hold. On the other hand, data management in-house is becoming increasingly complicated, time-consuming, and costly. To save energy and infrastructure costs, even huge firms like Cisco consider shutting down portions of their own internal data centers.

Data Center Generator Market: Competitive Landscape and Key Developments

ABB; Atlas Copco AB; Caterpillar; Cummins Inc.; DEUTZ AG; Generac Power Systems, Inc.; HITEC Power Protection; Kirloskar; Kohler Co.; and MITSUBISHI MOTORS CORPORATION are the key data center generator market players considered for the research study. In addition, several other significant data center generator market players have been studied and analyzed in this research report to get a holistic view of the global data center generator market size and its ecosystem.

The data center generator market players adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key data center generator market players are listed below:

1. ABB LTD has introduced new shaft generator technology. This new generator brings flexibility and ease of installation to many vessels, including bulk carriers and container carriers. The AMZ 1400 permanent magnet shaft generator is optimized for converter control and enables better efficiency than induction.

2. Caterpillar to Launch Demonstration Project Using Hydrogen Fuel Cell Technology for Backup Power at Microsoft Data Center. This project enables Caterpillar to collaborate with industry leaders to take a large step toward commercially viable power solutions that also support the customers in making their operations more sustainable.

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