Canada Data Center Power Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 519.20 Million |
| Market Size (2029) | USD 928.20 Million |
| CAGR (2024 - 2029) | 12.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Data Center Power Market Analysis
The Canada Data Center Power Market size is estimated at USD 519.20 million in 2024, and is expected to reach USD 928.20 million by 2029, growing at a CAGR of 12.70% during the forecast period (2024-2029).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Canadian data center rack market is expected to reach 1,150 MW by 2029. Data centers consume approximately 1% of all electricity consumed in Canada each year. About half of the energy used in data centers is consumed by computing servers. Another 40% goes to cooling these servers.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5.1 million sq. ft by 2029.
- Planned Racks: The country's total number of racks to be installed is expected to reach 289,000 units by 2029. Quebec is expected to house the maximum number of racks by 2029.
- Planned Submarine Cables: There are close to 16 submarine cable systems connecting Canada, and many are under construction.
Canada Data Center Power Market Trends
Monitored PDU is Anticipated to be the Largest Segment
- Monitored rack PDUs are ideal for high-density data centers, especially large colocation facilities that do not require manual power consumption reporting for billing purposes and cloud providers that need to support fluctuating power loads without compromising energy efficiency.
- The demand for massive data centers was minimal as digitization applications had yet to gain traction. However, since COVID-19 and post-pandemic, the need for digitization applications has started gaining traction due to government norms of social distancing and maintaining minimal contact. The massive data center segment recorded growth during 2019-2023. Hence, the growth rate observed during 2016-2023 accounted for around 39.4%. A growing number of smart city projects, high-quality content streaming services, and rising adoption of IoT platforms by Canadian homes are further expected to catalyze the growth of massive data centers proportionally during the forecast period.
- Due to the growing number of massive size data centers in the country, the demand for Smart PDUs has increased. Smart PDUs measure real-time voltage, current, power, and energy consumption. They also work with data center infrastructure management tools to generate reports showing a facility's power consumption trends and alerts for unexpected events.
- In 2018, 82% of Canada's electricity came from low-carbon energy sources. Around 60% of electricity generation came from hydropower, 15% from nuclear power, and the remaining 7% from other renewable energies. Rogers Communications is one of Canada's largest data center operators, with 12 centers across the country. It leases more than 200,000 sq. ft of facilities to small and medium-sized businesses.
- Further, by monitoring energy consumption trends, administrators can plan for future growth and ensure that power capacity is maintained to prevent overloads that could lead to equipment failure. In addition, this will help detect inefficiency and reduce energy consumption. Avoiding unnecessary energy consumption will lead to savings and a reduction in the environmental footprint.
IT and Telecommunication is the Largest Segment
- Canada has a very strong domestic technology sector. The Canadian information and communications technology (ICT) sector has more than 43,200 companies. The majority are in the software and computer services industry. This sector primarily consists of small and medium-sized enterprises, approximately 35,500 of which have fewer than 10 employees. There are around 100 large companies with 500 or more employees, including subsidiaries of foreign multinational companies.
- As the country plans to develop more smart cities in the future, it will integrate IoT, blockchain, AI, and other cutting-edge technologies, resulting in more significant data generation. According to the government of Canada's Smart Cities Challenge, which was launched in 2017, more than 225 municipalities expressed an inclination to explore the plan's advantages by filing their applications, demonstrating interest in developing more smart regions in the future. This would further be bolstered by the emergence of 5G services in smartphones and other faster network technologies, giving rise to wider deployment of smart devices that are controlled by apps in smartphones. This would increase the demand for more DC facilities with appropriate PDU units.
- Other significant investments by the Canadian government are expected to encourage major operators to expand their fiber coverage across the country, contributing to strengthening data transmission. In August 2022, Rogers and Bell Canada bagged grants of about USD 500 million for fiber builds across Ontario's underserved locations. These are in line with the local government's long-term investment policy worth USD 4 billion to deliver broadband services to every location in the province by the end of 2025.
- Telecommunication has further evolved and started using a hybrid cloud structure, which combines both public and private cloud structures. The usage of this hybrid cloud structure helps telecommunication companies manage the sudden surge in traffic. The implementation of hybrid cloud services helps the telecom industry deploy its cloud services instantly, leading to lower downtime. The increased bandwidth speed increased data consumption on mobiles from 1.5 GB in 2016 to 5.1 GB in 2023, and it is expected to reach around 8.6 GB by 2029. Owing to the abovementioned factors, the DC facilities are expected to grow during the forecast period.
Canada Data Center Power Industry Overview
The Canadian data center cooling market is moderately competitive and has gained a competitive edge in recent years. In terms of market share, a few major players, such as ABB Ltd, Caterpillar Inc., Cummins Inc., Eaton Corporation, and Cisco Systems Inc., are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- March 2024: Schneider Electric announced the expansion of its US manufacturing facilities at two locations to support critical infrastructure of data centers and other industries. At both locations, the company planned to manufacture electrical switchgear and medium-voltage power distribution products.
- February 2024: Enlogic, a significant data center and provider of power products, announced two new PDUs to its extensive iPDU product line: horizontal and vertical high AMP PDUs. High amp vertical PDU, with combination and locking combination outlet, and high amp horizontal PDU (100/125A), with combination and locking combination outlets of C13/C15 and C13/C15/C19/C21, offer versatility and flexibility.
Canada Data Center Power Market Leaders
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ABB Ltd.
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Caterpillar Inc.
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Cummins Inc.
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Eaton Corporation
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Cisco Systems Inc.
*Disclaimer: Major Players sorted in no particular order
Canada Data Center Power Market News
- December 2023: Eaton, an intelligent power management company, announced the launch of its new Rack PDU G4 (4th generation) that provides high security and business continuity data center. It also combines with C39 outlets that securely connect both C14 and C20 power cords, backed by a locking mechanism and a built-in high retention system that secures the power cord.
- November 2023: ABB Ltd announced the launch of the Protecta Power panel board, designed for industrial, commercial, and institutional buildings. It is integrated with digital monitoring and control technology while enhancing durability and safety.
Canada Data Center Power Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Adoption of Mega Data Centers and Cloud Computing
4.2.2 Increasing Demand to Reduce Operational Costs
4.3 Market Restraints
4.3.1 High Cost of Installation and Maintenance
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 By Power Infrastructure
5.1.1 Electrical Solution
5.1.1.1 UPS Systems
5.1.1.2 Generators
5.1.1.3 Power Distribution Solutions
5.1.1.3.1 PDU
5.1.1.3.2 Switchgear
5.1.1.3.3 Critical Power Distribution
5.1.1.3.4 Transfer Switches
5.1.1.3.5 Remote Power Panels
5.1.1.3.6 Other Power Distribution Solutions
5.1.2 Service
5.2 By End User
5.2.1 IT and Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media and Entertainment
5.2.5 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd
6.1.2 Caterpillar Inc.
6.1.3 Cummins Inc.
6.1.4 Eaton Corporation
6.1.5 Legrand Group
6.1.6 Rolls-Royce PLC
6.1.7 Vertiv Group Corp.
6.1.8 Schneider Electric SE
6.1.9 Rittal GmbH & Co. KG
6.1.10 Fujitsu Limited
6.1.11 Cisco Systems Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Data Center Power Industry Segmentation
Data center power refers to the power infrastructure, including electrical components and electrical distribution systems, that provide the power necessary to operate and support the devices and servers within the data center. It includes various components and technologies designed to ensure a reliable, uninterruptible power supply for data center IT equipment, including uninterruptible power supplies (UPS), power distribution units (PDU), backup generators, and other power management solutions tailored to the specific needs of data centers. Data center operators achieve data center redundancy through duplicated components to maintain uninterrupted operations in the event of failure of some components and to maintain uptime during maintenance.
The Canadian data center power market is segmented by power infrastructure (electrical solution {UPS system, generators, power distribution solutions [PDU, switchgear, critical power distribution, transfer switches, remote power panels, other power distribution solutions]} and service) and end user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Power Infrastructure | ||||||||||||
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| Service |
| By End User | |
| IT and Telecommunication | |
| BFSI | |
| Government | |
| Media and Entertainment | |
| Other End Users |
Canada Data Center Power Market Research Faqs
How big is the Canada Data Center Power Market?
The Canada Data Center Power Market size is expected to reach USD 519.20 million in 2024 and grow at a CAGR of 12.70% to reach USD 928.20 million by 2029.
What is the current Canada Data Center Power Market size?
In 2024, the Canada Data Center Power Market size is expected to reach USD 519.20 million.
Who are the key players in Canada Data Center Power Market?
ABB Ltd., Caterpillar Inc., Cummins Inc., Eaton Corporation and Cisco Systems Inc. are the major companies operating in the Canada Data Center Power Market.
What years does this Canada Data Center Power Market cover, and what was the market size in 2023?
In 2023, the Canada Data Center Power Market size was estimated at USD 453.26 million. The report covers the Canada Data Center Power Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Data Center Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Data Center Power Industry Report
Statistics for the 2024 Canada Data Center Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Data Center Power analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
