The world's data traffic is growing exponentially more from both individual and enterprise users, which is driving up demand for data centers. The massive revenue growth of USD 20.56 Bn is anticipated to follow the Data Centre Power Market, followed by 11.1% compound annual growth rate between 2022 and 2027.
Market advancements have acceded to increasing investments in data centers and the increasing investments in HPC systems provide a promising ground for the data center power market. The launch of new data centers, along with investments in future facilities, will create the demand for efficient data center power components.
Data Center Power Market Analysis
As per developments in the past, In October 2022, Eaton Corporation and The Lubrizol Corporation collaborated to develop and offer sustainable solutions for data centers and digital infrastructure.
In September 2022, Khazna Data Centers and BEEAH Group formed a joint venture to build a data center in Sharjah.
Significant Challenge: It is observed that consolidation of data centers strikes as a significant challenge that may hinder the growth of the market.
Some of the major data center power market companies are ABB Ltd., Active Power Solutions Ltd., AEG Power Solutions BV, Black Box Corp., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Exide Technologies, Generac Holdings Inc., Legrand SA, Panduit Corp., Rolls Royce Holdings Plc, Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co.etc.
Organizations like activepower.com offer data center power through the Leansource flywheel. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the data center power market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the data center power market share.
Prediction of the upcoming trends, drivers, and factors that challenge the data center power market.
Data center power market growth across North America, Europe, APAC, South America, and Middle East and Africa.