Data Center Power Market Size Worth USD 20.73 Billion by 2034 | CAGR: 8.2%

Data Center Power Market Size Worth USD 20.73 Billion by 2034 | CAGR: 8.2%


The global data center power market size is expected to reach USD 20.73 billion by 2034, according to a new study by Polaris Market Research. The report Data Center Power Market Size, Share, Trends, Industry Analysis Report, By Component, Data Center Size (Small and Medium Sized and Large Sized), End Users, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025 - 2034 gives a detailed insight into current market dynamics and provides analysis on future market growth.

The data center power market is experiencing rapid expansion due to the growing need for data storage and processing capabilities resulting from the surge in digital transformation, cloud computing, and the Internet of Things (IoT). This market encompasses power supply systems, uninterruptible power supplies (UPS), generators, power distribution units (PDUs), and cooling solutions crucial for ensuring efficient and reliable data center operation. The exponential increase in data generation from sources such as mobile devices, social media, and streaming services necessitates robust data center infrastructure for seamless data management and processing.

Technological advancements are key in advancing the data center power market. Innovations in power management and cooling solutions improve energy efficiency and reduce operational costs, making data centers more sustainable. The increasing adoption of renewable energy sources to power data centers is aligned with global sustainability objectives, further driving market growth. Additionally, the expansion of cloud services and the proliferation of hyperscale data centers, particularly in regions such as North America and Asia Pacific, significantly contribute to market dynamics.

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The growing emphasis on edge computing, which requires localized data centers for low-latency processing, presents new opportunities for market expansion. Furthermore, the heightened focus on data privacy and security is prompting investments in local data centers to comply with regional regulations.

Top of FormData Center Power Market Report Highlights

  • In 2024, the banking, financial services, and insurance (BFSI) segment accounted for the largest revenue share in the data center power market due to its high demand for secure, reliable, and scalable data storage and processing capabilities to manage vast amounts of sensitive financial data.
  • The large-sized segment is growing at the highest CAGR due to the increasing need for high-capacity data storage and processing power to support expanding enterprise operations and big data analytics.
  • In 2024, North America accounted for the largest market share in the data center power market due to its advanced technological infrastructure, significant presence of major data center operators, high demand for cloud services, and substantial investments in renewable energy and energy-efficient power solutions.
  • Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rapid digitalization, supportive government initiatives, and strong economic growth.
  • The global key market players include ABB; Black Box; Eaton; Equinix Inc.; GDS Holdings; Generac Power Systems, Inc.; General Electric Company; Huawei Technologies Co., Ltd.; Legrand; Rittal GmbH & Co. KG; Schneider Electric; and Vertiv Group Corp.

Polaris Market Research has segmented the data center power market report based on component, data center size, end users, vertical, and region:

By Component Outlook (Revenue - USD Billion, 2020 - 2034)

  • Solutions
  • Power Distribution
  • Power Monitoring
  • Power Backup
  • Cabling Infrastructure
  • Services
  • Design and Consulting
  • Support and Maintenance
  • Integration and Deployment

By Data Center Size Outlook (Revenue - USD Billion, 2020 - 2034)

  • Small and Medium Sized
  • Large Sized

By End Users Outlook (Revenue - USD Billion, 2020 - 2034)

  • Cloud Providers
  • Enterprises
  • Others

By Vertical Outlook (Revenue - USD Billion, 2020 - 2034)

  • Banking, Financial Services, And Insurance (BFSI)
  • Energy & Utilities
  • Government and Defense
  • Telecommunication
  • Healthcare
  • IT & ITES
  • Other Verticals

By Regional Outlook (Revenue - USD Billion, 2020 - 2034)

  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Data Center Power Report Scope

Report Attributes

Details

Market Size Value in 2024

USD 9.44 Billion

Market Size Value in 2025

USD 10.21 Billion

Revenue Forecast in 2034

USD 20.73 Billion

CAGR

8.2% from 2025 to 2034

Base Year

2024

Historical Data

2020 – 2023

Forecast Period

2025 – 2034

Quantitative Units

Revenue in USD Billion and CAGR from 2025 to 2034

Report Coverage

Revenue Forecast, Market Competitive Landscape, Growth Factors, and Industry Trends

Segments Covered

  • By Component
  • By Data Center Size
  • By End Users
  • By Vertical
  • By Region

Regional Scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Data Center Power Market Share Analysis (2024)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, regions, and segmentation.

For Specific Research Requirements

Request for Customized Report