Latest Market Research Reports

  Data Center Power Industry The global  data center power market  size is expected to reach USD 15.01 billion by 2030, exhibiting a CAGR of 8.1% from 2024 to 2030, according to a new study by Grand View Research, Inc. The factor driving the market growth is the shift in focus of end-users towards colocation and hyper-scale data centers. In addition, increasing establishment of such data facility centers is expected to increase demand for data center power equipment over the forecast period. COVID-19 has significantly impacted the data center power industry. The rapid growth in the datasets used & generated by several companies and individuals has increased data storage demand. Data centers consume around 1-1.25% of global energy. Thus, many data center designers adopt management solutions and advanced power distribution to attain energy efficiency at lower Power Usage Effectiveness (PUE) ratios. This goal to reduce the PUE ratio is expected to further fuel the demand...

Data Center Power Industry Overview The global data center power market size was valued at USD 7.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030.  Increasing the need to store data on the cloud has resulted in an upsurge in the number of data centers across the globe. These data centers consume a huge amount of energy. The rise in introducing advanced systems to reduce power consumption coupled with the emergence of modular data centers is expected to drive market growth. The COVID-19 pandemic severely affected the data center power industry, especially organizations, owing to the complete ban on offline activities across most parts of the world. However, the demand for software as a service (SaaS), along with a chance to work from home lifestyle during the pandemic, are the factors driving the need for data centers. Gather more insights about the market drivers, restrains and growth of the Global Data Center Power ...