Data Center Power Management Market Size - By Component (Solution, Service), Data Center Size (Small, Medium, Large), Application (BFSI, Collocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Data Center Tier & Forecast, 2024 – 2032

Data Center Power Management Market Size

Data Center Power Management Market size was valued at USD 6.7 billion in 2023 and is anticipated to grow at a CAGR over 7.1% between 2024 and 2032. The rapid growth of digitalization, cloud computing, the Internet of Things (IoT), and big data analytics has led to a substantial increase in data center power consumption. As organizations generate and process vast amounts of data, data centers are required to scale up their operations, resulting in higher power requirements.
 

The proliferation of mobile devices, streaming services, social media platforms, and e-commerce activities further contribute to the rising demand for power. This trend necessitates efficient power management solutions to optimize energy usage, reduce operational costs, and minimize the environmental impact of data centers.

Environmental sustainability has become a critical concern for businesses and governments worldwide. The increasing awareness of climate change and the need to reduce carbon emissions have led to stricter regulations & guidelines on energy consumption and environmental protection. There is a mounting pressure on organizations to minimize their carbon footprint and adopt energy-efficient practices. Data centers have in this context garnered much attention being power-intensive facilities. Power management solutions play a crucial role in achieving energy efficiency, leveraging renewable energy sources, implementing effective cooling strategies, and reducing the overall environmental impact.
 

Implementing power management solutions in the existing data center infrastructure can be complex and challenging. Data centers comprise intricate systems and interdependencies, making it crucial to carefully plan & execute the deployment of power management solutions.
 

Challenges can arise from integrating new power management systems with legacy infrastructure, dealing with compatibility issues between different components, and minimizing disruptions in ongoing operations during the implementation process. Implementing these solutions requires thorough analysis, coordination with various stakeholders, and effective project management to ensure a smooth transition. Organizations may also face challenges in training the staff to operate and maintain new power management systems effectively.
 

COVID-19 Impact

The COVID-19 pandemic accelerated digital transformation across industries, leading to increased demand for data center infrastructure and power management solutions to support remote work & online services. Cloud service providers faced a surging demand, thus necessitating the implementation of efficient power management strategies. Supply chain disruptions affected the implementation of power management solutions, leading to delays and longer lead times.
 

Organizations reassessed their priorities and budgets, emphasizing energy efficiency and cost optimization. The pandemic also highlighted the importance of business continuity and remote monitoring capabilities. Despite the challenges, the increased reliance on digital infrastructure and the recognition of the significance of efficient power management presented opportunities for market growth.
 

Data Center Power Management Market Trends

Energy efficiency has become a priority for data centers worldwide. As the demand for data center services continues to grow, organizations are seeking power management solutions that can optimize energy usage, reduce carbon footprints, and lower operational costs. Emerging trends in energy-efficient technologies, such as advanced Power Distribution Units (PDUs), intelligent cooling systems, and dynamic power provisioning, are gaining traction in the industry.
 

Data Center Power Management Market Analysis

Based on component, the solution segment is set to expand at 6% CAGR during the forecast period, attributed to the rising need for real-time power monitoring and accurate metering in data centers to track energy consumption & identify areas for optimization. Energy efficiency & optimization solutions, such as advanced cooling technologies and power distribution management systems, are gaining traction due to the need for reducing energy costs and carbon footprints in data centers.
 

Based on data center size, the small data center power management market size dominated around USD 1.2 billion in 2023. Small-scale businesses and enterprises are increasingly adopting data centers to fulfill their growing IT infrastructure needs. These data centers require efficient power management solutions to optimize energy consumption, ensure a reliable power supply, and minimize operational costs. These factors will boost the segment growth during the forecast period.
 

The North America data center power management market accounted for 35% of the revenue share in 2023. The region is home to several established data center facilities and technology companies, driving the adoption of advanced power management solutions. The increasing demand for cloud services, the rapid growth of IoT, and the need for energy-efficient data centers are key factors fueling regional market growth. The surging need for cloud services necessitates efficient power management solutions to support the expanding data center infrastructure and ensure the continuous delivery of services to applications.
 

Data Center Power Management Market Share

Major companies operating in the data center power management industry include:

• ABB Ltd.
• Cummins Inc.
• DataSpan
• Delta Electronics, Inc.
• Eaton Corporation
• General Electric Company
• Hewlett Packard Enterprise
• Huawei Technologies
• Legrand SA
• Panduit Corp.
• Schneider Electric SE
• Siemens AG
• Socomec Group
• Sunbird
• Vertiv Co.
   

Data Center Power Management Industry News

• In August 2022, ABB signed an MoU with ATS Global, a company based in the Netherlands, to expand the reach of the ABB Ability Data Center Automation (DCA) business. ATS Global, a Global System Integrator (GIS), will work with ABB by combining their expertise & resources to expand their respective businesses and test the advantages & effectiveness of potential collaborations for data center customers.
   

The data center power management market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Component

• Solution
  • Power monitoring & metering
  • Energy efficiency & optimization
  • Cooling & thermal management
  • Renewable energy integration solution
  • Others 
• Service
  • Consulting & advisory service
  • Installation & integration service
  • Maintenance & support service

Market, By Data Center Tier

• Tier 1
• Tier 2
• Tier 3
• Tier 4

Market, By Data Center Size

• Small data center
• Medium data center
• Large data center

Market, By Application

• BFSI
• Colocation
• Energy
• Government
• Healthcare
• Manufacturing
• IT & telecom
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Poland
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
• South America
  • Brazil
  • Argentina
  • Chile
  • Peru
• MEA
  • GCC
  • South Africa