Press release
Data Center Power Generators Market Driven by Increasing Demand for Reliable Power Backup
The data center power generators market valued $5,097.1 million in 2021, which will grow with a CAGR of 5.9% from 2021 to 2030. At this rate, it is expected to reach $8,572.6 million by the year 2030. The increasing demand for customized generators is the major factor leading to the market growth. Moreover, the growing production of data that large organizations need to store, manage, and analyze is resulting in the rise in the fabrication of new data centers. The launch 5G networks and increasing adoption of IoT are also elevating the market growth.Large data centers require power reliability due to their expansive infrastructure. It becomes crucial to have power backup equipment in order to protect critical equipment from power failures and surges. Large data centers demand efficient solutions for power monitoring and management for their servers, security systems, networking devices, and HVAC equipment. Enterprises that use cloud computing extensively require generators in data centers as a necessity. Thus, the rising count of hyper-scale facilities drives the use of DRUPS systems.
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The tier III category generated the highest revenue in the data center power generators market in 2021, amounting to $2,606.0 million. The majority of the data centers are designed to tier III standards, thus indicating a boom in the upcoming years in the market. Across Southeast Asia, there are various tier III data center development projects, which is one of the major reasons for the dominance of this category on the market. Data management facility operators in developing countries are making all the required efforts to receive the tier-III certification, in order to lure customers and increase the occupancy rates.
The increasing number of internet users is driving the data center power generators market by leading to the frequent use of social media, which is also enabled by the rising smartphone penetration. Moreover, a large number of organizations are migrating from on-premises systems to data centers, thus leading to the surge in the use of power generators. The COVID-19 lockdown period has also witnessed a great rise in the usage of the internet, as online shopping, binge-watching, and reels became the major trends, thus leading to mass data generation.
The highest growth rate in the data center power generators market will be witnessed by 0-1.5-MW-power-capacity generators, ascribed to their growing adoption in small-scale data centers, considering their cost-effectiveness. Moreover, a large number of data storage and management facilities requiring a power supply of
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