Data Center Power Market to Reach USD 31.0 Billion by 2028, Says Stratview Research

Stratview Research

The global Data Center Power Market – encompassing power solutions and services that ensure uninterrupted, efficient electrical supply for data centers – is projected to reach USD 31.0 billion by 2028, expanding from an estimated USD 20.2 billion in 2021, at a CAGR of 6.2% during the forecast period (2022-2028). This growth is primarily driven by the rapid adoption of advanced technologies such as cloud computing and modular data centers, which require highly resilient power infrastructure to support increasing digital workloads and operational demands.

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Market Statistics

• Market size in 2021: USD 20.2 billion
• Forecast value by 2028: USD 31.0 billion
• CAGR (2022-2028): 6.2%
• Forecast period: 2022-2028
• Base year: 2021
• Total number of segments: 4 major categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

By Component
• Service (Support and maintenance, training and consulting, System integration)
• Solution (Power backup, Power distribution and measurement, Cabling infrastructure)

By Data Center Size
• Small & Mid-Sized Data Center
• Large Data Center

By Application
• Telecom & IT
• Banking, Financial Services and Insurance (BFSI)
• Government
• Other

By Region
• North America (The USA, Canada, and Mexico)
• Europe (Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific)
• Rest of the World (Brazil, Saudi Arabia, and Others)

Segment Analysis

Within Application, the Telecom & IT segment accounts for the largest share, driven by continued expansion of cloud services and enterprise digital transformation; this underscores the need for reliable power systems that can support mission-critical communications and IT infrastructure.

In the Regional category, North America is the dominant market, propelled by significant investments in data center capacity, modular designs, and advanced power technologies; this dominance suggests that suppliers and investors should focus on partnerships and infrastructure projects in the region to capitalize on sustained demand.

Regional Insights

North America: North America accounted for the largest share of the Data Center Power Market, supported by key market players and increasing adoption of modular, high-efficiency data centers that require advanced power solutions; businesses focusing on this region can benefit from established infrastructure and technology adoption trends.

Market Drivers

• Growth in cloud computing and digital transformation fueling demand for reliable, uninterrupted power infrastructure.
• Expansion of modular and large-scale data centers that require scalable power solutions.
• Enterprises seeking reduced operational expenses through energy-efficient and resilient power systems.
• Increasing demand for power distribution and backup systems due to rising data workloads.
• Technological advancements in power measurement and cabling infrastructure that enhance uptime and efficiency.

Competitive Landscape

Top Companies in the Market
• Vertiv Holdings Co (US)
• Raritan (US)
• ABB Ltd (Switzerland)
• Eaton Corporation Plc (Ireland)
• General Electric Company (US)
• Rittal GmbH & Co. KG (Germany)
• Schneider Electric SE (France)
• Cummins (US)
• Tripp Lite (US)
• Hewlett-Packard Development (US)
• Delta Power Solutions (Taiwan)
• CyberPower Systems (US)
• Santak (China).

FAQs

1. How large is the global Data Center Power Market expected to be by 2028?
The market is projected to reach USD 31.0 billion by 2028.

2. What is the projected compound annual growth rate (CAGR) for the Data Center Power Market from 2022 to 2028?
The market is expected to grow at a CAGR of 6.2% during the forecast period.

3. Which segment holds the largest share in the Data Center Power Market by application?
The Telecom & IT segment accounted for the largest market share.

4. Why is North America a leading region in the Data Center Power Market?
North America leads due to strong investments in modular data centers and advanced power infrastructure adoption.

5. What are the key components driving demand in the Data Center Power Market?
The Solution segment, which includes power backup, distribution, and measurement systems, dominates due to the need for reliable and efficient power delivery in data centers.

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This release was published on openPR.