How Has The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Size Evolved In Recent Years?
The data center low voltage (lv) or medium voltage (mv) power distribution market has seen considerable growth due to a variety of factors.
•In recent times, there's been a rapid expansion in the market size of the data center's low voltage (LV) or medium voltage (MV) power distribution. The market's worth is projected to increase from $3.51 billion in 2024 to $3.89 billion in 2025, equating to a compound annual growth rate (CAGR) of 10.7%.
This significant growth during the historical period is credited to the surge in demand for data storage, broadened use of cloud computing, heightened dependency on digital technologies, growth in internet usage, and the adoption of big data analytics.
What Is The Projected Growth Of The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
The data center low voltage (lv) or medium voltage (mv) power distribution market is expected to maintain its strong growth trajectory in upcoming years.
• The market for low voltage (LV) or medium voltage (MV) power distribution in data centers is anticipated to witness rapid expansion in the coming years, expecting to reach $6.15 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.2%.
This projected growth during the forecast period is due to various factors such as an increase in data traffic, the advent of edge computing, surging demand for high-performance computing (HPC), transition towards 5g networks, and a focus on energy-efficient data center solutions. During the forecast period, significant trends will include the adoption of modular and scalable power distribution solutions, the augmented usage of renewable energy in data centers, an emphasis on energy efficiency and sustainability, smart grid deployment in data centers, and the use of digital twins to manage data centers.
What Are The Primary Growth Drivers In The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
The anticipated growth of the data center low voltage (LV) or medium voltage (MV) power distribution market will be driven by the increasing use of cloud computing. Cloud computing provides services like data storage, processing power, and software applications over the internet. This technology enables corporations to maintain and scrutinize vast quantities of data in centralized data centers, lower the requirement for power-hungry on-site servers, and streamline operations. These synergies paves the way for reactive modifications, superior energy utilization, and sustainability, leading to more environmentally friendly and competent data center power distribution systems. As an example, the European Commission, a Belgium-based government body, reported in December 2023 that there was an increase of 4.2 percentage points in the number of businesses embracing cloud computing services in 2023 compared to 2021. Keeping this in mind, it can be concluded that the growing popularity of cloud computing is fueling the expansion of the data center low voltage (LV) or medium voltage (MV) power distribution market.
What Is The Segmentation Of The Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
The data center low voltage (LV) or medium voltage (MV) power distribution market covered in this report is segmented –
1) By Component: Hardware, Services
2) By Data Centre Sizes: Small And Medium-Sized Data Centers, Large Data Centers
3) By Application: Banking Financial Services And Insurance (BFSI), Colocation, Energy, Government, Healthcare, Manufacturing, IT (Information Technology) And Telecom, Other Applications
Subsegments:
1) By Hardware: Switchgear, Transformers, Circuit Breakers, Power Distribution Units (PDUs), Busways, Cables And Wires
2) By Services: Installation Services, Maintenance Services, Consulting Services, Design Services, Managed Services
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What Emerging Trends Are Shaping The Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Landscape?
The emphasis on product innovation is a burgeoning trend in the data center low voltage (LV) or medium voltage (MV) power distribution market. Leading corporations in the data center low voltage (LV) or medium voltage (MV) power distribution sphere are concentrating on the creation of ground-breaking products to solidify their market presence. To illustrate, Vertiv, an American data center equipment and services firm, broadened its power distribution offerings in October 2022 with the launch of Vertiv Powerbar iMPB. This is a modular busbar solution geared towards facilitating seamless, need-based power upgrades in evolving data center settings. The Vertiv Powerbar iMPB series, which is available with either copper or aluminum conductor options, boasts capacities between 160 amps and 1,000 amps. It offers reliable overhead power distribution while enhancing cooling airflow, making it suitable for applications in data centers of virtually any size or design, labs, distribution warehouses, flexible manufacturing facilities, and other changeable scenarios.
Who Are the Key Players in the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
Major companies operating in the data center low voltage (LV) or medium voltage (MV) power distribution market include:
• Siemens AG
• Schneider Electric SE
• Mitsubishi Electric Corp.
• ABB Ltd.
• Cummins Inc.
• Eaton Corp.
• Legrand
• Vertiv Holdings Co.
• Generac Power Systems
• Leviton Manufacturing Company Inc.
• Panduit Corp.
• Socomec SAS
• CyberPower Systems Inc.
• Kohler Power Systems
• Chatsworth Products
• Thorne & Derrick International
• Anord Mardix (USA) Inc.
• Server Technology Inc.
• Rittal GmbH & Co. KG.
• Delta Electronics Mfg. Corp.
• Emerson Electric Co.
• Staco Energy Products Co.
• PDI Solutions LLC
• Raman Power Technologies Ltd.
What are the Regional Insights into the Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market?
North America was the largest region in the data center low voltage (LV) or medium voltage (MV) power distribution market in 2024. The regions covered in the data center low voltage (LV) or medium voltage (MV) power distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
