Global Data Center Power Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Data Center Power Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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).

Supplying uninterrupted power to data centers 100% of the time is critical for operations. Uninterruptible Power Supply and Backup generators are used to insure the components have uninterrupted power. Data Center Power mainly refers to backup power equipment such as uninterruptible power supply and generator.

Market Overview:

The latest research study on the global Data Center Power market finds that the global Data Center Power market reached a value of USD 9464.96 million in 2022. It’s expected that the market will achieve USD 14406.04 million by 2028, exhibiting a CAGR of 7.25% during the forecast period.

Communication technology development

As an important carrier of the new generation of information and communication technologies such as 5G, artificial intelligence, and cloud computing, data centers have become the foundation of the digital economy era. They have an unprecedentedly important strategic position and can be called digital economy engines.

With the popularization of advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), 5G, and cloud, the world is striving to cope with the data tsunami. Data centers are also developing rapidly, increasing in scale and number, and tending to be green, energy-saving, and modular. And intelligence has increased the demand for Data Center Power products and services, which is conducive to the development of the industry.

Cloud computing development

As more and more enterprises migrate their jobs and various applications to the cloud, new technologies are used to drive industrial transformation, and global cloud infrastructure service expenditures are further expanded. . Five American technology giants Facebook, Amazon, Microsoft, Google and Apple are investing in edge computing, including cloud computing infrastructure, devices and applications. Using cloud computing system architecture technology to integrate servers improves the flexibility of resource allocation and task scheduling, which brings huge demand for large-scale, standardized and modular data centers that support high-density computing. The data center mainly stores and processes data. Although power supply is not its core business, power is still an important part of the data center, and 100% availability must be ensured as much as possible. The growth of data center market promotes the growth of data center power market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (44.5% in 2021).

Company Overview:

Eaton Corporation Plc is one of the major players operating in the Data Center Power market, holding a share of 10.08% in 2022.

Eaton Corporation Plc

Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical products, electrical systems and services, aerospace, vehicle, and most recently eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others. While the company receives favorable tax treatment as a domiciliary of Ireland, most of its operations take place in the U.S.

Cummins

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products.

Segmentation Overview:

By type, AC Power Supply segment accounted for the largest share of market in 2021.

There are two different types of power circuits used to power servers, switches, routers and related IT infrastructure. They are Alternating Current (AC) and Direct Current (DC).

Alternating Current (AC) allows voltage or current to change polarity or direction, respectively, over time. For colocation customers, AC power circuits are the most prevalent. This is especially true for enterprise, rack-mounted servers and storage devices.

DC power circuits are also used in the data center. They are most commonly found in Uninterruptible Power Supply (UPS) systems. UPS is used to transition power sources from the utility power grid to diesel generators during a power outage. DC power circuits are also used to power-related IT hardware and networking gear in the data center including items such as network routers and switches.

Application Overview:

The market's largest segment by application is the segment Telecom and IT, with a market share of 49.51% in 2021.

Telecom and IT

A telecom and IT data center is a facility owned and operated by a Telecommunications or Service Provider company such as BT, AT&T or Verizon. These types of data centers require very high connectivity and are mainly responsible for driving content delivery, mobile services, and cloud services.

Banking, Financial Services and Insurance (BFSI)

Typical IT infrastructure in BFSI includes Primary Datacenter, Disaster Recovery Site, Branch IT Infrastructure, Telco infrastructure & ATM infrastructure.
BFSI Datacenters commonly span server racks, buildings, and even continents.

Government

For years, government agencies have been running their own data centers, mainly out of concerns for security and confidentiality. Yet a government data center can be costly to run. These resources must be updated every few years to stay current.

Key Companies in the global Data Center Power market covered in Chapter 3:

CyberPower Systems
Eaton Corporation Plc
HUAWEI
Cummins
Kstar
Rittal GmbH & Co. KG
Schneider Electric SE
Delta Power Solutions
East
General Electric
Kehua Tech
ABB Ltd
Legrand
Toshiba
Vertiv Holdings Co

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Center Power market from 2018 to 2029 is primarily split into:

AC Power Supply
DC Power Supply

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Center Power market from 2018 to 2029 covers:

Telecom and IT
Banking, Financial Services and Insurance (BFSI)
Government
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)