1 Global Data Center Power Market Size (Value) and CAGR (2024-2033)
In 2024, the global Data Center Power market was valued at USD 11040.5 million, with a CAGR of 7.6% from 2024 to 2033.
Data centers are defined as a facility used to house computer systems and associated components; such as telecommunications (satellite communications and phone systems) and storage systems (hospitals, offices and internet providers).
Figure Global Data Center Power Market Size (M USD) and CAGR 2024-2033
2 Data Center Power Market Drivers
The Data Center Power market is experiencing significant growth, driven by several key factors. Firstly, the rapid development of cloud computing has led to a substantial increase in the demand for large-scale, standardized, and modular data centers. As more enterprises migrate their operations to the cloud, the need for reliable and efficient power solutions becomes crucial.
Another significant driver is the continuous technological advancement in UPS (Uninterruptible Power Supply) systems. Over the past decade, UPS technology has evolved dramatically, with high-frequency and modular designs becoming more prevalent. These advancements enable data centers to meet the growing demands for high-density computing and efficient power management. The future trend of modular, high-density, and intelligent power modules is essential for supporting new infrastructure developments.
3 Data Center Power Market Restraints
One of the primary challenges is the increasing pressure on carbon emissions. Data centers are significant consumers of electricity, and their rapid expansion contributes to higher carbon emissions. Governments and regulatory bodies are imposing stricter energy consumption and carbon emission limits, which can restrict the growth of data centers and, consequently, the Data Center Power market. Additionally, the complexity of electrical systems in data centers is increasing, posing challenges in terms of operational efficiency and maintenance.
Fierce competition within the Data Center Power industry also poses a significant challenge. The market is highly competitive, with numerous players vying for market share. Companies must continuously innovate and improve their products to stay ahead of competitors. Failure to do so can result in a loss of market share and declining performance.
4 Global Data Center Power Market Size by Type in 2024
AC Power Supply is the predominant type in the Data Center Power market. It is widely used in data centers due to its compatibility with a broad range of equipment and its ability to provide stable power. AC Power Supply systems are essential for ensuring that data centers can operate continuously without interruptions. In 2024, the sales of AC Power Supply are forecasted to reach 6268.9 K Units. This type of power supply is favored for its flexibility and efficiency, making it suitable for various applications, including servers, switches, and other IT infrastructure components.
DC Power Supply, while less common than AC Power Supply, plays a crucial role in specific applications within data centers. It is particularly important for uninterruptible power supply (UPS) systems and other critical power applications. DC Power Supply systems are known for their high efficiency and reliability, which are critical for maintaining power during outages. In 2024, the sales of DC Power Supply are expected to reach 1931.1 K Units. This type of power supply is essential for ensuring that data centers can transition smoothly between different power sources without any loss of power.
Table Global Data Center Power Market Size by Type in 2024
Type | Market Sales (K Units) 2024 | Market Share 2024 |
AC Power Supply | 6268.9 | 76.45% |
DC Power Supply | 1931.1 | 23.55% |
5 Global Data Center Power Market Size by Application in 2024
Telecom and IT represent the largest segment of the Data Center Power market, driven by the increasing demand for reliable power solutions to support the continuous operation of data centers. In 2024, the sales for this segment are forecasted to reach 3889.2 K Units. This segment includes data centers owned and operated by telecommunications companies and service providers, which require high connectivity and reliability to support content delivery, mobile services, and cloud services.
The BFSI sector is another significant contributor to the Data Center Power market. In 2024, sales for this segment are expected to reach 1783.5 K Units. BFSI data centers typically include primary data centers, disaster recovery sites, branch IT infrastructure, and ATM infrastructure. These data centers are critical for the smooth operation of financial services and require robust power solutions to ensure data security and availability.
Government data centers are essential for maintaining secure and confidential operations. In 2024, sales for government applications are projected to reach 879.0 K Units. These data centers are responsible for managing sensitive information and require high levels of security and reliability. The government sector is a significant consumer of Data Center Power solutions, driven by the need for continuous operation and data protection.
Table Global Data Center Power Market Size by Application in 2024
Application | Market Sales (K Units) 2024 | Market Share 2024 |
Telecom and IT | 3889.2 | 47.43% |
Banking, Financial Services and Insurance (BFSI) | 1783.5 | 21.75% |
Government | 879.0 | 10.72% |
Others | 1648.2 | 20.10% |
6 Global Data Center Power Market Size by Region in 2024
North America is the largest market for Data Center Power, driven by the presence of major tech companies and the high demand for reliable power solutions. In 2024, sales in North America are forecasted to reach 3439.9 K Units. The United States and Canada are the primary markets within this region, with the U.S. accounting for the majority of the sales. The growth in North America is driven by the expansion of data centers and the increasing adoption of cloud computing technologies.
Europe is another significant market for Data Center Power, with substantial demand from various countries. In 2024, sales in Europe are expected to reach 1909.8 K Units. Key markets within Europe include Germany, the UK, France, Italy, and Russia. The growth in Europe is driven by the increasing demand for data center infrastructure and the need for reliable power solutions to support digital transformation initiatives.
The Asia Pacific region is experiencing rapid growth in the Data Center Power market, driven by the expansion of data centers in countries such as China, Japan, South Korea, and India. In 2024, sales in the Asia Pacific region are projected to reach 2579.4 K Units. China is the largest market within this region, followed by Japan and South Korea. The growth in the Asia Pacific region is driven by the increasing adoption of advanced technologies and the need for reliable power solutions to support the digital economy.
Figure Global Data Center Power Market Size by Region in 2024
7 Major Players in Global Data Center Power Market
7.1 Eaton Corporation Plc
Company Profile:
Eaton Corporation Plc is a diversified power management company with over a century of experience. Established in 1911 and headquartered in Dublin, Ireland, Eaton operates through various segments, including electrical products, electrical systems and services, aerospace, vehicle, and eMobility. The company has a global presence with manufacturing bases primarily in Europe and the USA, and its products are distributed worldwide.
Business Overview:
Eaton’s portfolio is divided into two main areas: industrial and electrical sectors. The industrial sector serves markets such as commercial vehicles, general aviation, and trucks, while the electrical sector focuses on data centers, utilities, and residential markets. Eaton is known for its commitment to innovation and sustainability, investing significantly in research and development to enhance its product offerings.
Product Portfolio:
Eaton offers a comprehensive range of Data Center Power solutions, including the Eaton 9395 UPS family, which consists of models like the Eaton 9395XC, Power Xpert 9395C UPS, Power Xpert 9395P High Performance UPS, and the Power Xpert 9395 UPS. These systems are designed to provide high efficiency and scalable battery runtimes in a compact footprint, making them ideal for large data centers, healthcare applications, and light industry.
Recent Financial Performance:
In the most recent year, Eaton Corporation Plc reported sales of 218.0 K Units, with a revenue of 964.6 M USD.
7.2 Schneider Electric SE
Company Profile:
Schneider Electric SE, established in 1836 and headquartered in Rueil-Malmaison, France, is a global leader in digital transformation of energy management and automation. The company operates through segments such as Energy Management, Industrial Automation, and Central Functions and Digital Costs. Schneider Electric is known for its commitment to sustainability and digital innovation.
Business Overview:
Schneider Electric’s business focuses on providing integrated solutions that enhance energy efficiency and sustainability. The company’s products and services are designed to optimize energy usage, improve operational efficiency, and reduce environmental impact. Schneider Electric’s strong R&D capabilities and strategic partnerships enable it to stay at the forefront of technological advancements in the Data Center Power market.
Product Portfolio:
Schneider Electric offers a wide range of Data Center Power products, including the Galaxy VS UPS, which is highly efficient and suitable for edge, small, and medium data centers. The Galaxy VS UPS is designed to provide increased availability and reduced operating costs, making it an ideal solution for critical infrastructure applications.
Recent Financial Performance:
In the most recent year, Schneider Electric SE reported sales of 248.1 K Units, with a revenue of 682.8 M USD.
7.3 Vertiv Holdings Co
Company Profile:
Vertiv Holdings Co, established in 1965 and headquartered in Columbus, Ohio, USA, is a global provider of critical digital infrastructure and continuity solutions. The company focuses on delivering hardware, software, analytics, and services that ensure the continuous operation of vital applications in data centers, communication networks, and commercial and industrial facilities.
Business Overview:
Vertiv’s business is centered around providing comprehensive solutions that address the most critical challenges in data centers and communication networks. The company’s products and services are designed to ensure high availability, performance, and scalability, making them essential for modern digital infrastructure. Vertiv’s strong R&D capabilities and strategic partnerships enable it to stay ahead of market trends and customer needs.
Product Portfolio:
Vertiv offers a diverse range of Data Center Power products, including the Vertiv™ Liebert® PSI5 Lithium-Ion UPS, which is designed for edge or distributed IT applications. This UPS system features greater power density, longer battery life, and quicker recharge times compared to traditional VRLA batteries, making it an ideal solution for modern data centers.
Recent Financial Performance:
In the most recent year, Vertiv Holdings Co reported sales of 404.4 K Units, with a revenue of 480.2 M USD.