The North America Data Center Power Market size is estimated at USD 14.80 billion in 2024, and is expected to reach USD 22 billion by 2030, growing at a CAGR of 6.83% during the forecast period (2024-2030).
Data centers are among the most energy-intensive building types, which consume 10 to 50 times the energy per floor space as a typical commercial office building. These spaces contribute to approximately 2% of the total US electricity use, and as the country’s use of information technology grows, data centers and servers are likely to need more energy as well. The growing establishment of IT infrastructure, mechanization, and cloud-oriented operations has additionally highlighted the significance of constant power supply and steady operation of data centers and server spaces, leading to the growth of the market.
The North American data center power market is moderately fragmented and has gained a competitive edge in recent years. Some major players are ABB Ltd, Siemens AG, Raritan Inc. (Legrand), and other players. These major players with prominent market share focus on expanding their customer base across the region. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
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