Global Data Center Generator market research 2024, Forecast To 2033
4 Mar, 2024
The data center market has witnessed robust growth, set to rise from $252.68 billion in 2023 to$274.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. This expansion is fueled by enterprise IT growth, the proliferation of mobile devices, the internet and digital revolution, business continuity needs, and data center consolidation efforts. Forecasts indicate continued strong growth, with the market projected to reach $388.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. This growth will be driven by digitalization, expansion of cloud services, hybrid cloud adoption, sustainability initiatives, cybersecurity priorities, and the impacts of remote workforce trends. Key trends include edge computing expansion, cloud migration, hybrid cloud adoption, AI and machine learning integration, and sustainability initiatives.
Global Data Center Generator Market Key Driver
The increase in the number of datacenters is expected to propel the growth of the data center generator market. A data center is a huge group of linked computer servers that businesses typically employ for the distant processing, archiving, or transport of massive amounts of data. The increased demand for data center capacity is rising to unprecedented heights due to digital transformation and the rise of cloud services. Consumer-focused cloud providers and hyperscale operators are aggressively growing their operations, for which they need data center generators. In the event of a utility power outage, a data center generator can be used to supply backup power. For instance, according to Gartner, a management consultancy firm, end-user spending on the world's data center infrastructure climbed 6% from 2020 to $200 billion in 2021. Moreover, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the data center workload increased to 650 million in 2021, showing an increase of 260%. Therefore, an increase in the number of datacenters is expected to drive the growth of the data center generator market. The 2023 market size for the data center generator market corresponds to the expanding data center infrastructure, with projections for 2024 and 2028 indicating sustained growth driven by the increasing demand for reliable power backup solutions and the expansion of cloud computing services.
Get A Free Sample Of The Global Data Center Generator Market ReportGlobal Data Center Generator Market Segments
The global data center generator market covered in this report is segmented –
1) By Product: Diesel, Gas, Other Products
2) By Capacity: < 1 MW, 1 MW-2MW, >2MW
3) By Tier Standard: Tier I And II, Tier III, Tier IV
By Geography: The regions covered in the data center generator market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the data center generator market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Data Center Generator Industry Players
Alphabet Inc., Amazon.com Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, International Business Machines Corp., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Google LLC, Meta Platforms Inc., Digital Realty, CyrusOne, GDS Holdings Limited, KDDI’s Telehouse, Hewlett Packard Enterprise Company LP, Dell Technologies Inc., Lenovo Group Limited, Fujitsu Limited, Schneider Electric SE, Eaton Corporation, Vertiv Co., Delta Electronics Inc., Rittal GmbH & Co. KG, ABB Ltd., Siemens AG, Hitachi Ltd., NEC Corporation, VMware Inc., Citrix Systems Inc., Red Hat Inc.
Get The Full Global Data Center Generator Market Report
Data Center Generator Market Overview
A data center generator is an electrical device used to provide backup power when the utility power goes out. It is an affordable and trustworthy source of onsite power generation, provided they are maintained periodically.
Data Center Generator Global Market Report 2023 provides data on the global data center generator market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The data center generator market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.