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.
By Component Outlook (Revenue - USD Billion, 2020 - 2034)
By Data Center Size Outlook (Revenue - USD Billion, 2020 - 2034)
By End Users Outlook (Revenue - USD Billion, 2020 - 2034)
By Vertical Outlook (Revenue - USD Billion, 2020 - 2034)
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
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 |
|
Regional Scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |