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Data Center Generator Market Report 2024 - Data Center Generator Market Size, Share, And Trends
Data Center Generator Market
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According to The Business Research Company's, The data center generator market size has grown strongly in recent years. It will grow from $6.18 billion in 2023 to $6.57 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rise in data consumption, data center growth, reliability requirements, digital transformation, power outage risks, increased energy efficiency.
The data center generator market size is expected to see strong growth in the next few years. It will grow to $8.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increased data consumption, focus on business continuity, renewable energy integration, shift to edge computing, energy efficiency standards. Major trends in the forecast period include focus on reliability and durability, adoption of fuel efficiency technologies, rapid deployment solutions, predictive maintenance, remote and unmanned data centers.
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Market Drivers and Trends:
The growing cyber threats are expected to boost the growth of the data center generator market going forward. A cyber threat refers to a malicious and potentially harmful activity, process, or event in the digital realm that seeks to exploit vulnerabilities in computer systems, networks, or online platforms, with the intent to compromise data, disrupt operations, or gain unauthorized access to sensitive information. The growing frequency and complexity of cyber-attacks highlight the crucial need for data center resilience and business continuity, leading data centers to invest in dependable backup power solutions such as generators to ensure continuous operations, safeguard against cyber threats, and preserve the integrity of their services. For instance, in September 2023, AAG, a provider of IT support services, reported that 39% of UK companies stated that they had experienced a cyber-attack in 2022. Furthermore, in the first half of 2022, cybercrime had an impact on 53.35 million US individuals. Therefore, the growing cyber threats are driving the growth of the data center generator market.
Major companies operating in the data center generator market are adopting a strategic partnership approach to investigate technologies facilitating the utilization of hydrogen as an eco-friendly fuel for vital data center infrastructure. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2022, Equinix Inc., a US-based Internet services company, partnered with Centre for Energy Research & Technology (CERT), a Singapore-based interdisciplinary energy research center. Through this partnership, Equinix and CERT will initiate the world's inaugural research initiative aimed at comparing the efficiency of proton-exchange membrane (PEM) fuel cells and fuel-flexible linear generator technologies. PEM fuel cells stand out as a prominent option for hydrogen energy, while fuel-flexible linear generators provide the flexibility to seamlessly transition between various clean fuel choices, including hydrogen, biogas, and diverse renewable liquid fuels. The adoption of these technologies has the potential to enable data centers to curtail carbon emissions while satisfying the increasing demand for data, colocation, and interconnection services. The research partnership between Equinix and CERT will encompass a comprehensive evaluation of the suitability of these technologies for tropical data centers, taking into account local climatic conditions, site limitations, power requirements, supply chain considerations, fuel storage capabilities, and adherence to local regulatory policies.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Alphabet Inc., Amazon.com Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, International Business Machines Corp., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Google LLC, Meta Platforms Inc., Digital Realty, CyrusOne, GDS Holdings Limited, KDDI's Telehouse, Hewlett Packard Enterprise Company LP, Dell Technologies Inc., Lenovo Group Limited, Fujitsu Limited, Schneider Electric SE, Eaton Corporation, Vertiv Co., Delta Electronics Inc., Rittal GmbH & Co. KG, ABB Ltd., Siemens AG, Hitachi Ltd., NEC Corporation, VMware Inc., Citrix Systems Inc., Red Hat Inc.
Data Center Generator Market 2024 Key Insights:
• The data center generator market size is expected to see strong growth in the next few years. It will grow to $8.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• The Surge In Data Center Numbers Driving Growth In The Data Center Generator Market
• Impact Of Strategic Partnerships In The Data Center Generator Market
• North America was the largest region in the data center generator market share in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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