What Does the Historical and Current Data Center Power Management Market Size Trend Indicate?
The data center power management market has seen considerable growth due to a variety of factors.
•Recent years have seen a substantial increase in the size of the data center power management market. It is projected to expand from a market worth $22.13 billion in 2024 to $23.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.
The historical growth can be credited to factors such as an escalation in data center capacity requirements, increased embracement of cloud computing, greater consciousness about energy efficiency, development of the digital economy, and government policies advocating energy saving.
How Will the Data Center Power Management Market Size Evolve over the Forecast Period?
The data center power management market is expected to maintain its strong growth trajectory in upcoming years.
• The anticipated growth in the market size of data center power management is robust and is expected to reach $33.84 billion by 2029, expanding at a CAGR of 9.6%.
The expected growth during the forecast period is primarily due to the ongoing expansion of cloud services, increased demand for edge computing, rising complexity within data center infrastructures, a shift towards renewable energy, and the growing significance of data security. Major market trends predicted for this period are the adoption of modular designs in data centers, a higher utilization of liquid cooling solutions, the application of AI and machine learning in power management, a focus on sustainable and green data centers, and the evolution of energy-efficient hardware elements.
What Are The Core Factors Supporting Growth In The Data Center Power Management Market?
The expansion of the data center power management market is predicted to be fueled by rising data traffic. Data traffic pertains to the digital data packets' transit across a computer network or the internet. For data centers, power management is critical in handling data traffic, ensuring the reliability and availability of data center services, and minimizing energy consumption and costs. For example, in June 2024, it was reported by Telefonaktiebolaget LM Ericsson, a telecommunications firm based in Sweden, that the proportion of mobile data traffic attributed to 5G had reached 25% by the end of 2023, a rise from 17% at the end of 2022. This proportion is projected to increase to roughly 75% by 2029. As a result, the escalation in data traffic is propelling the data center power management market's growth.
What Are The Major Segments Within The Global Data Center Power Management Market?
The data center power management market covered in this report is segmented –
1) By Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
2) By Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
3) By Installation Type: New Installation, Retrofit Or Upgrade
4) By Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
Subsegments:
1) By Hardware: Uninterruptible Power Supply (UPS) Systems, Power Distribution Units (PDUs), Rack Power Distribution Units, Generators
2) By DCIM (Data Center Infrastructure Management) Software: Monitoring And Management Software, Energy Management Software, Capacity Planning Software
3) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services
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Which Trends Are Expected To Transform The Data Center Power Management Market?
Key players in the data center power management market, including major corporations, are concentrating their efforts on advanced technologies, such as AI-based monitoring systems and energy-saving power distribution solutions. These innovations seek to maximize energy efficiency and improve the overall dependability of data center operations. The Eaton 93T UPS, an uninterruptible power supply product, is specially designed with compactness in mind for mission-critical use cases in settings like server rooms and small data centers, with power ratings between 15 kVA to 80 kVA. In December 2023, Eaton Corporation plc, a manufacturing company based in Ireland, introduced a new compact UPS, the Eaton 93T UPS. This is aimed at delivering reliable power for mission-critical purposes in server rooms and small data locations. Sectors such as finance, healthcare, government, and IT can leverage the advantages of Eaton 93T. It also boasts power ratings from 15 kVA to 80 kVA and features smart operational and management tools for utilising data-driven insights to monitor, manage, and fine-tune performance.
Who Are the Key Players in the Data Center Power Management Market?
Major companies operating in the data center power management market include:
• Huawei Technologies Co. Ltd.
• Siemens AG
• General Electric Company
• Schneider Electric SE
• ABB Ltd.
• Hewlett Packard Enterprise
• Cummins Inc.
• Eaton Corporation
• Emerson Electric Co.
• Legrand SA
• Kohler Co.
• Vertiv Group Corp.
• Generac Power Systems Inc.
• Aggreko Ltd.
• Delta Electronics Inc.
• Panduit Corp.
• Socomec
• Cyber Power Systems Inc.
• Toshiba Electronic Devices & Storage Corporation
• DataSpan Holdings
• Server Technology Inc.
• Chatsworth Products Inc.
• ZPE Systems Inc.
• Sunbird Software Inc.
• Enlogic
• Raritan Inc.
What Is The Most Dominant Region In The Data Center Power Management Market?
Europe was the largest region in the data center power management market in 2024. The regions covered in the data center power management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
