Data Center Power Market Poised to Hit $36.12 Billion by 2029 with Accelerating Growth Trends

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Data Center Power Market Size Growth Forecast: What to Expect by 2025?
There has been a substantial enlargement in the size of the data center power market recently. In terms of growth, it is projected to expand from $24.18 billion in 2024 to $25.55 billion in 2025, marking a compound annual growth rate (CAGR) of 5.7%. This growth experienced in the historical period can be traced back to a surge in the demand for data centers, increased data traffic, plans for data center consolidation, emphasis on energy efficiency, government legislation on energy efficiency, and green data center initiatives.

How Will the Data Center Power Market Size Evolve and Grow by 2029?
Forecasted robust expansion is expected in the data center power market over the next several years, culminating in a valuation of $36.12 billion by 2029, equivalent to a 9.0% compound annual growth rate (CAGR). Multiple factors are triggering this projected growth, including the integration of energy storage, remote oversight and management, the introduction of modular data centers, emphasis on power quality and reliability, government backing for sustainable practices, and the need for scalable power infrastructure. The forecast period will also see significant trends such as advanced power distribution and management systems, hybrid and multi-cloud settings, high-density computation and cooling solutions, improved monitoring and analytics, and partnerships in the name of innovation.

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What Drivers Are Propelling the Growth of Data Center Power Market Forward?
The surge in the requirement for cloud data storage is propelling the expansion of the data center power market. Cloud storage corresponds to a cloud computing model that houses data on the internet via a cloud computing service provider that oversees and operates data storage as a service. In an organization, a data center accommodates servers and/or data storage. This involves the necessary hardware, the space where it is located, the power and backup systems, environmental controls, and all other components essential to maintain those servers. For example, the European Commission, a Belgium-based government body, reported in April 2024 that 77.6% of large enterprises used cloud computing services in 2023, reflecting a 6 percentage point increase from 2021. For medium-sized enterprises, 59% acquired cloud services in 2023, which is a rise from 53% in 2021. For small businesses, the proportion escalated by 3.8 percentage points, hitting 41.7% during the same timeframe. Hence, the escalating necessity for cloud data storage is fueling the enhancement of the data center power market.

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Which Emerging Trends Are Transforming the Data Center Power Market in 2025?
The data center power market is significantly influenced by technological developments. To maintain their market position, major firms in this market are concentrating on the creation of new technology solutions. Take for example MaxLinear Inc., a technology firm from the US, which in March 2024 devised a 200G/lane PAM4 SERDES (Serializer/Deserializer) and Rushmore DSP. This offers significant advancements in areas of performance, power efficiency, and density. As a result, data center operators and cloud providers can accommodate the surging data traffic demands, the transition to faster networks, and vital power efficiency necessities of AI/ML networks. Taking cues from the success of the Keystone family's 5nm 100G/lane DSPs, both technically and commercially, Rushmore doubles the data speed and significantly diminishes latency for Big Data and AI/ML applications. It also presents additional features and enhancements in performance. Alongside co-optimized, in-house SERDES, the Rushmore DSP family delivers unmatched power efficiency and performance.

What Are the Key Segments in the Data Center Power Market?
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, Healare, 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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Who Are the Key Players Shaping the Data Center Power Market's Competitive Landscape?
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., Cyb, 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.

What Geographic Markets Are Powering Growth in the Data Center Power Market?
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.

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