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Data Center Power Market Trends

  • Report ID: GMI1759
  • Published Date: Apr 2024
  • Report Format: PDF

Data Center Power Market Trends

In response to mounting environmental concerns and regulatory pressures, the data center power industry is witnessing a notable shift toward sustainable practices. Companies are increasingly prioritizing energy-efficient solutions, such as modular power infrastructure, renewable energy sources, and advanced cooling technologies. Moreover, innovations in power management software enable more precise monitoring and optimization of energy usage, reducing both costs and environmental impacts. This trend reflects a broader industry commitment to sustainability and underscores the importance of greener data center operations in mitigating climate change. For instance, in March 2024, Nautilus Data Technologies introduced EcoCore, a fresh lineup of modular data center products rooted in the company's cooling technology. This design, featuring a capacity of 2.5MW, caters to customer needs and sustainability while ensuring future adaptability and efficiency.
 

An emerging focus within the data center power market is the integration of resilience and reliability features into the power infrastructure. With the growing frequency of extreme weather events and cyber threats, ensuring continuous operation and data integrity has become paramount. This trend fuels the adoption of redundant power systems, such as dual power feeds and backup generators, to minimize the risk of downtime. Additionally, advancements in predictive maintenance and fault-tolerant design enable proactive identification and mitigation of potential power-related failures, enhancing the overall system reliability and bolstering the resilience of data center operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global market size for data center power was USD 11.6 billion in 2022 and will witness over 7% CAGR from 2023-2032 due to the growing adoption of emerging technologies, such as artificial intelligence, machine learning, computer vision, and big data analytics

The colocation application segment recorded 20% of the data center power industry share in 2022 and will witness expansion thorough 2032 driven by the rising need to ensure uninterrupted operations and support the growing power requirements of colocation facilities ?

North America held 35% of the data center power industry share in 2022 owing to the strong presence of large number of technology companies, cloud service providers, and enterprises that require robust data center infrastructure in the region

ABB Ltd., Active Power, Cummins Inc., Hewlett Packard Company, Eaton Corporation, Caterpillar Inc., Vertiv Group Co., Legrand, Mitsubishi Electric Corporation, Toshiba Corporation, and Huawei Technologies Co. Ltd. are some of the key data center power business players

Data Center Power Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 330
  • Countries covered: 22
  • Pages: 250
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