The global data center power management market size is anticipated to be worth around USD 14.20 billion by 2033, growing at a CAGR of 7.15% from 2024 to 2033.
Key Points
- North America contributed 36% of market share in 2023.
- Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
- By component, the solution segment held the largest market share in 2023.
- By component, the service segment is anticipated to grow at a remarkable CAGR between 2024 and 2033.
- By data center size, the small data center segment generated the largest market share in 2023.
- By data center size, the large data center segment is expected to expand at the fastest CAGR over the projected period.
- By application, the IT & telecom segment has contributed the major market share in 2023.
The Data Center Power Management market is experiencing significant growth driven by the increasing demand for efficient power management solutions in data centers worldwide. As businesses continue to rely heavily on data-driven operations, the need to optimize power consumption and ensure reliable performance within data centers has become paramount. Data Center Power Management encompasses a range of technologies and solutions aimed at monitoring, controlling, and optimizing power usage within these facilities. Key components include power distribution units (PDUs), uninterruptible power supplies (UPS), energy management software, and other hardware and software solutions designed to enhance energy efficiency and reduce operational costs.
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Data Center Power Management Market Data and Statistics
- According to the U.S. Department of Energy, data centers account for about 2% of the country’s total electricity consumption, highlighting the need for energy-efficient power management solutions.
- The World Economic Forum predicts that data volume will surge in the upcoming years, projected to hit 463 exabytes by 2025.
- GSMA anticipates a continuous rise in Internet of Things (IoT) connections from 2020 to 2030, with an estimated total of 24 billion enterprise IoT connections by 2030. This growth, coupled with the expansion of social media, is exponentially increasing the global data generation and storage.
- In July 2023, ABB India’s Electrification business introduced groundbreaking UPS solutions tailored for data centers. This innovative UPS, a pioneer in sustainability, forms part of the ABB EcoSolutions portfolio and aligns with ABB’s circularity framework.
Growth Factors:
Several factors contribute to the growth of the Data Center Power Management market. Firstly, the exponential growth of data generated by businesses across various sectors has led to an increased demand for data center infrastructure. As data centers expand in size and complexity, the need for efficient power management solutions becomes more pronounced. Additionally, rising concerns over energy consumption and environmental sustainability drive the adoption of power management technologies aimed at reducing carbon footprints and optimizing resource utilization. Moreover, the proliferation of cloud computing and edge computing technologies further fuels the demand for robust power management solutions to support these distributed computing architectures.
Region Insights:
The Data Center Power Management market exhibits significant regional variations influenced by factors such as infrastructure development, regulatory frameworks, and economic conditions. North America dominates the market, attributed to the presence of a large number of data centers, particularly in the United States. The region’s early adoption of advanced technologies and stringent regulations promoting energy efficiency drive market growth. Europe follows closely, driven by initiatives promoting renewable energy adoption and sustainable practices. Asia-Pacific emerges as a rapidly growing market, fueled by increasing investments in data center infrastructure across countries like China, India, and Japan.
Data Center Power Management Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 7.15% |
| Global Market Size in 2023 | USD 7.12 Billion |
| Global Market Size by 2033 | USD 14.20 Billion |
| U.S. Market Size in 2023 | USD 1.92 Billion |
| U.S. Market Size by 2033 | USD 3.83 Billion |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Component, By Data Center Size, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Data Center Power Management Market Dynamics
Drivers:
Several drivers propel the growth of the Data Center Power Management market. One of the primary drivers is the escalating demand for data storage and processing capabilities driven by the digital transformation initiatives of businesses worldwide. The need for uninterrupted power supply and reliable power management solutions to ensure continuous operations within data centers further accelerates market growth. Moreover, escalating energy costs and the imperative to reduce operational expenses drive organizations to invest in energy-efficient power management technologies. Additionally, regulatory mandates and government incentives promoting energy conservation and sustainability contribute to market expansion.
Opportunities:
The Data Center Power Management market presents ample opportunities for innovation and growth. Advancements in technology, such as the integration of artificial intelligence (AI) and machine learning (ML) algorithms into power management systems, offer enhanced predictive analytics capabilities and optimization potential. Furthermore, the adoption of renewable energy sources, such as solar and wind power, presents opportunities to develop hybrid power management solutions that combine traditional and sustainable energy sources. Additionally, the emergence of modular data center designs and edge computing architectures opens new avenues for specialized power management solutions tailored to these environments.
Challenges:
Despite the favorable market conditions, the Data Center Power Management market faces several challenges that hinder its growth potential. Interoperability issues arising from the heterogeneous nature of data center infrastructure pose a significant challenge for the seamless integration and deployment of power management solutions. Moreover, concerns regarding data security and privacy in cloud-based power management platforms impede adoption among organizations, particularly in highly regulated industries. Additionally, the upfront costs associated with deploying advanced power management technologies and the complexity of retrofitting existing data center infrastructure present barriers to entry for some organizations.
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Recent Developments
- In October 2023, ABB Ltd disclosed its collaboration with ZincFive, welcoming them as an authorized supplier for its UPS systems. ZincFive’s nickel-zinc battery option joins the existing lithium-ion and lead-acid offerings, now integrated and supported within ABB’s uninterruptible power supply system.
- Also in October 2023, Vertiv initiated a partnership with American Electric Power (AEP) and inaugurated the Vertiv Customer Experience Center. This center showcases a microgrid power solution aimed at aiding data centers in tackling challenges related to electrical grid capacity. The Vertiv microgrid, with a capacity of 1.0 megawatt (MW), comprises an Uninterruptible Power Supply (UPS) system, lithium-ion battery, system controls, and other crucial components, catering to customers exploring the potential of microgrids and energy storage systems for their mission-critical power systems.
- In November 2023, Vertiv introduced the Vertiv SmartMod Max CW, a prefabricated modular data center tailored to meet escalating demands. This solution accommodates up to 200kW of total IT load in a single system, offering a variety of customization options including power capacities, rack quantities and sizes, and module dimensions. The Vertiv SmartMod Max CW integrates the Vertiv Liebert EXM uninterruptible power supply (UPS) system in power ratings of 100 kW, 150 kW, and 200 kW, along with thermal management units equipped with intelligent controls, empowering small-scale operations such as edge data centers to fulfill their specific needs.
- In October 2023, ABB unveiled the ABB TruFit power distribution unit, an all-in-one solution designed to address the mounting demands of rapidly approaching data center project timelines. With flexibility ranging from 50 to 800 kVA, TruFit offers outstanding configurability, reliability, and safety features at the system level.
Data Center Power Management Market Companies
- Schneider Electric SE
- ABB Ltd
- Eaton Corporation
- Vertiv Group Corp
- Delta Electronics, Inc.
- Huawei Technologies Co., Ltd.
- General Electric Company
- Legrand SA
- Raritan Inc.
- Cyber Power Systems (USA), Inc.
- Tripp Lite
- Socomec Group
- Vertiv Co.
- Emerson Electric Co.
- Mitsubishi Electric Corporation
Segments Covered in the Report
By Component
- Solution
- Service
By Data Center Size
- Small Data Center
- Medium Data Center
- Large Data Center
By Application
- BFSI
- Colocation
- Energy
- Government
- Healthcare
- Manufacturing
- IT & telecom
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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