Data Center Generator Market Worth US$ 6,729.53 Million, Globally, by 2028 at 5.3% CAGR - Exclusive Report by The Insight Partners

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.

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.

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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.

Competitive Landscape: Data Center Generators Market: ABB; Atlas Copco AB; Caterpillar; Cummins Inc.; DEUTZ AG; Generac Power Systems, Inc.; HITEC Power Protection; Kirloskar; Kohler Co.; and MITSUBISHI MOTORS CORPORATION are among the key players operating in the data center generator market. In addition to these, several other players were analyzed to understand the overall data center generator market.

Based on product type, the data center generator market is segmented into diesel, natural gas, and others. In 2021, the diesel segment led the data center generator market. Based on capacity, the data center generator market is segmented into below 1 MW, 1-2 MW, and greater than 2 MW. In 2021, the 1 MW segment accounted for the largest market share. Based on tier, the data center generator market is segmented into tier 1, tier 2, tier 3 and tier 4. In 2021, the tier 3 segment accounted for the largest market share. By geography, the data center generator market size is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share of the data center generator market.

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The electricity demand dropped during the COVID-19 pandemic as business activities slowed down. Therefore, there were less investments made in the generator industry in 2020. However, in 2021, with the relaxation of lockdown measures and the beginning of vaccination processes, the supply chain and manufacturing industries started to work fluently. Also, generators are required for continuous power supply in data centers. Therefore, the global data center generator market growth will be significant.

Impact of COVID-19 Pandemic on Data Center Generator Market Growth

The COVID-19 pandemic shook several industries such as manufacturing, retail, construction, and automotive. The tremendous growth in the spread of the novel coronavirus urged governments worldwide to impose strict restrictions on vehicles and human movement. Due to travel restrictions, mass lockdowns, and business shutdowns, the pandemic negatively affected economies and countless industries in various countries. The lockdown imposition resulted in the lesser production of commodities and goods, which hampered services.

Chapter Details of Data Center Generators Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Data Center Generators Market Landscape
Part 04: Data Center Generators Market Sizing
Part 05: Data Center Generators Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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