The global data center power market is expected to reach $33,380.1 million by 2030, growing at a CAGR of 6.1% during the forecast period. The increasing number of data centers, generation of huge volumes of data, and rising cloud service adoption are propelling the market expansion.
Furthermore, the increasing investments from colocation, telecommunication, and cloud service providers for the construction of data centers and expansion of the existing facilities are aiding the market growth.
Based on equipment type, the market is categorized into UPSs, generators, transfer switches & switchgear, PDUs, and other electrical infrastructure. Among these, PDU sales are expected to grow the fastest, as they offer the easiest way to distribute and deliver power from UPS, generators, and multiple rack loads. PDUs are deployed to prevent power overloads in data centers; they are designed with built-in digital meters, which monitor the load levels and limits. Moreover, the most-important feature of modern PDUs is their ability to monitor and track the energy usage in a data center.
Furthermore, over the projection period, the tier III & tier IV category is expected to witness the highest CAGR, of over 6%. Due to the increasing demand for redundant components to support mission-critical applications, certain facilities have recently been built to tier III & tier IV standards. Tier III & tier IV data center infrastructure components can be repaired without shutting the entire facility down. Moreover, data center owners in emerging economies are eager to obtain the Uptime Institute's tier III certification, in order to attract clients and raise occupancy rates. Several redundant data center projects have been categorized as tier III, and this trend is projected to continue during the forecast period.
Geographically, North America accounted for the largest share in data center power market in 2021. This is mainly credited to the rising data storage needs and adoption of advanced technologies, such as AI, IoT, and cloud services, in the region.
Furthermore, during the projection period, the market in APAC is predicted to grow at the highest rate. In India, China, and Japan, advanced digital technologies, such as machine learning and IoT, are becoming more widely adopted. Additionally, these countries' governments are promoting data centers and actively investing in infrastructure development. For instance, according to India's Ministry of Electronics and Information Technology's Data Centre Policy 2020, the government is trying to make India a worldwide data center powerhouse, by encouraging investment in the sector.
Players operating in the data center power industry have been extensively involved in product launches to stay ahead of their competitors. For instance,
In March 2022, Schneider Electric SE announced the launch of its APC NetShelter Rack PDU Advanced. It allows teams to manage twice as many devices and a 50% increase in power demands, while also simplifying installation processes and removing the guesswork from PDU selection for future IT updates.
Major players operating in the global data center power market are Delta Electronics Inc., Legrand SA, Toshiba Corporation, Schneider Electric SE, Fujitsu Ltd., Cisco Technology Inc., ABB Ltd., Eaton Corporation, and Vertiv Co.