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2025 Data Center Power Management Market Outlook: Key Indicators Shaping Growth Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Data Center Power Management Industry Market Size Be by 2025?
There has been a significant expansion in the market size of data center power management in the past few years. Its size is predicted to escalate from $22.13 billion in 2024 to $23.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. This surge during the historical period is primarily due to increased demands for data center capacity, a surge in cloud computing adoption, heightened consciousness about energy efficiency, growth in digital economy, and government mandates aimed at energy preservation.
What's the Long-Term Growth Forecast for the Data Center Power Management Market Size Through 2029?
The market size for data center power management is projected to experience robust growth in the forthcoming years, expanding to a worth of $33.84 billion by 2029 with a compound annual growth rate (CAGR) of 9.6%. This growth during the forecast period is due to several factors such as the sustained expansion of cloud services, growing need for edge computing, rising complexity in data center infrastructure, concentration on renewable energy sources and the growing significance of data security. Key trends going forward include the preference for modular data center designs, heightened usage of liquid cooling solutions, the incorporation of AI and machine learning in power management, a focus on eco-friendly, sustainable data centers, and the production of energy-effective hardware components.
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What Are the Key Growth Drivers Fueling the Data Center Power Management Market Expansion?
The rise in data traffic is projected to stimulate the data center power management market's expansion. The term data traffic refers to the transit of digital data packets over a computer network or the internet. It is essential for data centers to have efficient power management to handle this data traffic, ensuring the reliability and availability of data center services, while also reducing energy consumption and costs. For example, Telefonaktiebolaget LM Ericsson, a telecommunications company based in Sweden, reported in June 2024 that 5G made up 25% of mobile data traffic by the end of 2023, a hike from 17% at the end of 2022. This percentage is predicted to surge to about 75% by 2029. Hence, the rising data traffic is spurring the growth of the data center power management market.
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What Are the Key Trends Driving Data Center Power Management Market Growth?
Leading companies in the data center power management market are turning their attention to innovative technologies like AI-driven tracking systems and energy-saving power distribution methods to improve energy use and boost data center operational reliability. The 93T UPS from Eaton is a compact uninterruptible power supply designed to provide dependable, efficient power for crucial applications in settings such as server rooms and small data centers, with power ratings ranging from 15 kVA to 80 kVA. For example, in December 2023, Eaton Corporation plc, a manufacturing company based in Ireland, introduced a new compact UPS, the Eaton 93T UPS, to ensure reliable power for important applications, including server rooms and small data centers. The Eaton 93T can be advantageous for numerous sectors, such as finance, healthcare, government, and IT. Moreover, the power rating is between 15 kVA and 80 kVA. It also boasts intelligent features for operation and management, utilizing data insights for performance monitoring, management, and optimization.
How Is the Data Center Power Management Market Segmented?
The data center power management market covered in this report is segmented -
1) By Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
2) By Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
3) By Installation Type: New Installation, Retrofit Or Upgrade
4) By Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
Subsegments:
1) By Hardware: Uninterruptible Power Supply (UPS) Systems, Power Distribution Units (PDUs), Rack Power Distribution Units, Generators
2) By DCIM (Data Center Infrastructure Management) Software: Monitoring And Management Software, Energy Management Software, Capacity Planning Software
3) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services
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Which Companies Are Leading the Charge in Data Center Power Management Market Innovation?
Major companies operating in the data center power management market include Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd., Hewlett Packard Enterprise, Cummins Inc., Eaton Corporation, Emerson Electric Co., Legrand SA, Kohler Co., Vertiv Group Corp., Generac Power Systems Inc., Aggreko Ltd., Delta Electronics Inc., Panduit Corp., Socomec, Cyber Power Systems Inc., Toshiba Electronic Devices & Storage Corporation, DataSpan Holdings, Server Technology Inc., Chatsworth Products Inc., ZPE Systems Inc., Sunbird Software Inc., Enlogic, Raritan Inc.
Which Regions Are Leading the Global Data Center Power Management Market in Revenue?
Europe was the largest region in the data center power management market in 2024. The regions covered in the data center power management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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