Data Center Power Market Poised for 9 % Growth, Set to Hit $36.12 Billion by 2029

Which drivers are expected to have the greatest impact on the over the data center power market's growth?
The growth of the data center power market is being fueled by the escalating requirement for cloud data storage. Cloud storage represents a cloud computing model that facilitates the storage of data over the internet, operated and managed as a service by a cloud computing provider. A data center, for an organization, comprises servers and/or data storage including the hardware, the location for its housing, the power and backup systems, environmental control measures, and all other elements ensuring the continuous operation of the servers. For example, the European Commission, a Belgium-based government entity, reported in April 2024 that 77.6% of large companies utilized cloud computing services in 2023, representing a 6-percentage-point rise from 2021. Medium-sized enterprises showed a purchase in cloud services reaching 59% in 2023, a rise from 53% in 2021. Simultaneously, small businesses revealed a 3.8 percentage point growth, hitting 41.7% within the same timeframe. Consequently, the growing demand for cloud data storage is propelling the expansion of the data center power market.

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What is the future CAGR of the data center power market, and how will it impact industry expansion?
The power market for data centers has seen significant expansion in the past few years. It's projected to rise from $24.18 billion in 2024 to $25.55 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. The historical growth can be credited to factors such as rising demand for data centers, increased data traffic, initiatives to consolidate data centers, emphasis on energy efficiency, governmental regulations regarding energy efficiency, and efforts towards green data center initiatives.

Anticipated to experience robust growth in the coming years, the size of the data center power market is projected to reach $36.12 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth during the forecast period include the integration of energy storage, remote supervision and control, inauguration of modular data facilities, emphasis on power quality and dependability, regulatory backing for sustainable measures, and the need for flexible power infrastructure. Noteworthy trends for the forecast period encompass advanced power distribution and management systems, mixed and multi-cloud environments, high-density computing and cooling solutions, improved monitoring and analytics, and joint efforts towards innovation.

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What are the most significant trends transforming the data center power market today?
In the data center power market, technological innovation is a crucial factor. Prominent businesses in this market are aiming to create advanced technological solutions to maintain their market presence. For instance, in March 2024, U.S. technology firm MaxLinear Inc. unveiled its 200G/lane PAM4 SERDES (Serializer/Deserializer) and Rushmore DSP. These innovations represent significant progress in performance, power efficiency, and density, helping data centers and cloud service providers keep up with the surging demand for data traffic, the migration to faster networks, and the essential power efficiency needs of AI/ML networks. Borrowing from the technical and commercial accomplishments of the 5nm 100G/lane DSPs Keystone family, Rushmore doubles data rates and substantially cuts latency for Big Data and AI/ML applications. It also integrates added functionality and performance enhancements. Created in conjunction with in-house, co-optimized SERDES, the Rushmore DSP family affords top-of-the-line efficiency and performance in power use.

Which key market segments comprise the data center power market and drive its revenue growth?
The data center power market covered in this report is segmented -

1) By Product: PDU, UPS, Busway, Other Products
2) By Components: Solution, Services
3) By Tier Standards: Tier I And II, Tier III, Tier IV
4) By UPS Systems: 1,000 kVA
5) By End-Use: IT And Telecommunications, BFSI, Government, Energy, Healthcare, Retail, Other End-Users

Subsegments:
1) By PDU (Power Distribution Unit): Basic PDUs, Smart PDUs, Metered PDUs
2) By UPS (Uninterruptible Power Supply): Standby UPS, Line-Interactive UPS, Double-Conversion UPS
3) By Busway: Aluminum Busway, Copper Busway, Busway Tap-Off Units
4) By Other Products: Generators, Power Monitoring Systems, Power Management Software

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What regions are at the forefront of data center power market expansion?
Asia-Pacific was the largest region in the data center power market in 2024. Asia-Pacific is expected to be the fastest-growing region in the data center power market report during the forecast period. The regions covered in the data center power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the data center power market?
Major companies operating in the data center power market are ABB Ltd., Anord Mardix Inc., Delta Electronics Inc., Eaton Corporation PLC, Huawei Technologies Co Ltd., Schneider Electric SE, Siemens AG, Toshiba Corporation, ZincFive Inc., Cyber Power Systems, General Electric company, N1 Critical Technologies Inc., PDU Experts solutions, Socomec Group S.A., AEG Power Solutions, Alpha Technologies, Ametek Powervar, Black Box Corporation, Caterpillar Inc., Cummins Inc., ere*x, Emerson Network Power, Fuji Electric Co. Ltd., Generac Power Systems, Hitec Power Protection, Legrand SA, Mitsubishi Electric Corporation, MTU Onsite Energy, Piller Power Systems, Power Innovations International Inc.

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What Is Covered In The Data Center Power Global Market Report?

• Market Size Forecast: Examine the data center power market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data center power market for a structured understanding.
• Key Players Overview: Analyze major players in the data center power market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center power market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data center power market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center power market.
• Industry Challenges: Identify potential risks and obstacles affecting the data center power market.
• Competitive Landscape: Review strategic developments in the data center power market, including expansions, agreements, and new product launches.

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