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Data Center Power Management Market on Track for Strong Growth, Estimated to Grow at 9.4% CAGR Through 2029
Data Center Power Management
What Is the Expected CAGR for the Data Center Power Management Market Through 2025?
The market size of data center power management has experienced substantial growth in the past years. It's projected to increase from $22.13 billion in 2024 to $23.27 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The past growth can be linked to the ever-growing demand for data center capacity, escalation in cloud computing use, heightened consciousness of the need for energy efficiency, digital economy growth, and the introduction of government legislation advocating for energy saving measures.
What's the Projected Size of the Global Data Center Power Management Market by 2029?
It is anticipated that the market size for data center power management will witness substantial growth in the coming years, escalating to $33.28 billion in 2029 with a compounded annual growth rate (CAGR) of 9.4%. The growth during the forecasted period is attributed to factors such as the continuous expansion of cloud services, heightened demand for edge computing, intricacies in data center infrastructure, focus on renewable energy, and the growing significance of data integrity. Key trends in the forecast period embrace the employment of modular designs for data centers, an amplified application of liquid cooling solutions, combining AI and machine learning for power oversight, accentuation on sustainable and eco-friendly data centers, and the creation of hardware components with high energy efficiency.
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Top Growth Drivers in the Data Center Power Management Industry: What's Accelerating the Market?
The surge in data traffic is predicted to stimulate the advancement of the data center power management market. Data traffic involves the transmission of digital data packets through a computer network or the internet. Effective power management is indispensable for data centers in handling data traffic, ensuring the reliability and availability of data center services, and reducing energy consumption and expenses. For instance, Telefonaktiebolaget LM Ericsson, a telecommunication firm based in Sweden, reported in June 2024 that the portion of mobile data traffic attributable to 5G had reached 25% at the close of 2023, up from 17% at the close of 2022. This proportion is anticipated to rise to about 75% in 2029. Consequently, the escalating data traffic is fueling the expansion of the data center power management market.
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What Trends Will Shape the Data Center Power Management Market Through 2029 and Beyond?
Leading entities in the data center power management market are concentrating on advanced technologies, such as AI-based monitoring systems and power distribution solutions with high energy efficiency, to better energy utilization and boost the reliability of data centre operations. The Eaton 93T UPS is a streamlined uninterruptible power supply crafted to supply steady, effective power for essential applications in surroundings like server rooms and smaller data centres, boasting power ratings that range from 15 kVA to 80 kVA. For example, in December 2023, Eaton Corporation plc, a manufacturing company based in Ireland, introduced a brand new compact UPS, the Eaton 93T UPS, to ensure secure power for significant applications, encompassing server rooms and modest data centres. Eaton 93T is advantageous to several sectors, comprising finance, healthcare, government, and IT. Moreover, it possesses a power rating from 15 kVA to 80 kVA and comes with intelligent operating and managing features to harness data insights for supervision, administration, and performance optimization.
What Are the Main Segments in the Data Center Power Management Market?
The data center power managementmarket 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 Top Companies are Driving Growth in the Data Center Power Management Market?
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 Will Dominate the Data Center Power Management Market Through 2029?
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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