Market Size of Canada Data Center Power Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The Canadian data center power market is poised for significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from domestic players. The market is experiencing a surge in demand for data centers, particularly due to the rise in digitization applications post-COVID-19, which have been accelerated by social distancing norms. The expansion of smart city projects, high-quality content streaming services, and the adoption of IoT platforms are further propelling the growth of massive data centers. The market is characterized by the deployment of advanced technologies such as Smart PDUs, which enhance energy efficiency and monitor real-time power consumption, supporting the burgeoning need for large-scale data center operations.
Canada's robust technology sector, comprising numerous small and medium-sized enterprises, is a key contributor to the data center power market's expansion. The government's initiatives, such as the Smart Cities Challenge and investments in fiber infrastructure, are expected to bolster data transmission capabilities and increase the demand for data center facilities. The telecommunications industry is also evolving with the adoption of hybrid cloud structures, facilitating better traffic management and reduced downtime. Major players in the market, including ABB Ltd, Caterpillar Inc., and Eaton Corporation, are actively enhancing their product offerings through strategic partnerships and acquisitions. These developments, coupled with the country's commitment to low-carbon energy sources, are set to drive the Canadian data center power market's growth trajectory in the coming years.
Canada Data Center Power Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Adoption of Mega Data Centers and Cloud Computing
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1.2.2 Increasing Demand to Reduce Operational Costs
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1.3 Market Restraints
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1.3.1 High Cost of Installation and Maintenance
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 By Power Infrastructure
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2.1.1 Electrical Solution
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2.1.1.1 UPS Systems
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2.1.1.2 Generators
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2.1.1.3 Power Distribution Solutions
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2.1.1.3.1 PDU
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2.1.1.3.2 Switchgear
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2.1.1.3.3 Critical Power Distribution
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2.1.1.3.4 Transfer Switches
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2.1.1.3.5 Remote Power Panels
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2.1.1.3.6 Other Power Distribution Solutions
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2.1.2 Service
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2.2 By End User
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2.2.1 IT and Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media and Entertainment
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2.2.5 Other End Users
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Canada Data Center Power Market Size 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.
