Data Center Power Market is estimated to grow at a CAGR of approximately 6.40% during the forecast period 2023-2032

Market Research Future published a half cooked research report on Data Center Power Market.

Market Highlights

The global data center power market is projected to witness a rapid growth during the forecast period. By solution segment, uninterrupted power supply (UPS) is considered as the backbone of data centers and are frequently deployed for the smooth working of servers and other networking devices.

The global data center power market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the data center power market in North America region is expected to witness significant growth during the forecast period. Technologically advanced enterprises and demand for secure and standardized cloud data storage are aiding the market in the region. The U.S. is anticipated to drive the growth of the data center power market, owing to the presence of a large number of established key players, such as General Electric (U.S.), Raritan Inc. (U.S.), Rittal GmbH & Co. KG (U.S.), Server Technology, Inc. (U.S.), Tripp Lite (U.S.), Black Box Corporation (U.S.), Caterpillar Inc. (U.S.), HP Enterprise Company (U.S.) and others

In the global data center power market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period as compared to other regions, owing to the growing adoption of cloud services coupled with advanced technology implementation in IT, BFSI and automotive industry. Increasing e-commerce companies is also expected to be another key driver of the data center power market.

Global Data Center Power Market is Projected to reach USD 31.6 Billion at a CAGR of over 6.40% by the end of the forecast period of 2023-2032

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Data Center Power Market Research Report-Forecast to 2032”.

Data Center Power Market Segmentation:

The global data center power market is segmented into components, data center type, and end-users. The component segment is further segmented into solution and service. The solution segment consists of power distribution and backup solutions, uninterrupted power supply (UPS), cabling infrastructure, and others. The service segment consists of training and consulting, support and maintenance and system integration. The segment data center type consists of large size data center, mid-size data center, and enterprise size data center. The end-user segment consists of IT & telecommunication, BFSI, government, power & energy, healthcare, retail, and others.

Some of the prominent players in the global data center power market are ABB (Switzerland), Emerson Electric Company (U.S.), Schneider Electric (France), General Electric (U.S.), Eaton (Ireland), Delta Power Solutions (Taiwan), Raritan Inc. (U.S.), Rittal GmbH & Co. KG (U.S.), Server Technology, Inc. (U.S.), Tripp Lite (U.S.), CyberPower System (Taiwan), Black Box Corporation (U.S.), Caterpillar Inc. (U.S.), HP Enterprise Company (U.S.) are among others.