Data Center Power Market Segmentation by Data Center Sizes (Large Data Center, and Small & Medium Data Center); by Component (Service, and Solution); and by End-Users (Manufacturing, BFSI, IT & Telecommunication, Government, and Others)-Global Demand Analysis & Opportunity Outlook 2031

Global Data Center Power Market Highlights Over 2022 - 2031

The global data center power market is estimated to grow at a ~8% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 8.0 billion in 2021. The growth of the market can be attributed to the rise in the need for cloud-based data, and therefore the surge in the consumption of electrical power amongst the data centers. In 2018, the global data centers consumed nearly 210 terawatt-hours or 1 percent of global electricity used. Furthermore, the consumption of more power increases the operational cost of the data centers. Hence, data center power solutions help to reduce the operational costs of organizations.

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The COVID-19 pandemic had a positive impact on the global data center power market. There has been an increase in the volume of data in organizations across the globe that gave rise to the demand for data centers. Furthermore, the data center power systems helped the data centers work efficiently for the organizations.

The global data center power market is segmented by end-users into manufacturing, BFSI, IT & telecommunication, government, and others, out of which, the IT & telecommunication segment is anticipated to hold the largest share in the global data center power market over the forecast period. This can be attributed to the requirement of large data centers for the storage of increasing data volume. Moreover, it requires more power to handle the increasing data and is expected to surge the growth of the IT & telecommunication segment.

Global Data Center Power Market Regional Synopsis

Regionally, the global data center power market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of the adoption of advanced levels of power management solutions and the regulations imposed by the government to reduce the consumption of energy. According to the U.S Energy Information Administration, U.S. energy production increased by 6 percent in 2019 whereas energy consumption decreased by 1 percent.

Market Segmentation

Our in-depth analysis of the global data center power market includes the following segments:

By Data Center Sizes

• Large Data Center

• Small & Medium Data Center

By Component

• Service

• Solution

By End-Users

• Manufacturing

• BFSI

• IT & Telecommunication

• Government

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Data Center Power Market

Growth Drivers

• Rise in the need for cloud-based data centers

• Need for the reduction in the operational cost of the organizations

Challenges

• High initial investment required for data center infrastructure and power facility

• Unavailability of devices required for the set-up of data center power

Key Companies Dominating the Global Data Center Power Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global data center power market that are included in our report are Black Box Corporation, Server Technology, Inc., Huawei Technologies Co., Ltd., Legrand., Emerson Electric Co., Hewlett Packard Enterprise Company, ABB Ltd, Raritan Inc., Schneider Electric, Caterpillar., and others.

Latest Developments in the Global Data Center Power Market:

• 26 October 2021: Black Box Corporation and Avaya have expanded their partnership to Europe to provide Black Box clients with enterprise-wide unified communications and cloud-based collaboration solutions built on Avaya Cloud Office by RingCentral. As a result, Black Box is an Avaya Cloud Office-certified partner in Europe, as well as a global strategic partner for Avaya OneCloud UCaaS (Unified Communications as a Service) and OneCloud CCaaS (Contact Center as a Service) solutions.

• 16 May 2022: Emerson Electric Co., and Aspen Technology, Inc., announced the successful completion of the merger of Emerson's industrial software businesses with AspenTech to form a global industrial software leader (the "new AspenTech").

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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