How big is the Data Center Power Market?

The Data Center Power Market size is expected to reach USD 24.33 billion in 2024 and grow at a CAGR of 6.87% to reach USD 33.92 billion by 2029. Read More

What is the current Data Center Power Market size?

In 2024, the Data Center Power Market size is expected to reach USD 24.33 billion. Read More

Who are the key players in Data Center Power Market?

Schneider Electric SE, Fujitsu Ltd, Cisco Technology Inc., ABB Ltd and Eaton Corporation are the major companies operating in the Data Center Power Market. Read More

Which is the fastest growing region in Data Center Power Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Data Center Power Market?

In 2024, the North America accounts for the largest market share in Data Center Power Market. Read More

What years does this Data Center Power Market cover, and what was the market size in 2023?

In 2023, the Data Center Power Market size was estimated at USD 22.66 billion. The report covers the Data Center Power Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Data Center Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Data Center Power Market Share

Statistics for the 2023 & 2024 Data Center Power market share, created by Mordor Intelligence™ Industry Reports. Data Center Power share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Data Center Power Industry

The data center power market is fragmented, with multiple vendors present. Players are adopting various strategies, such as mergers and acquisitions, collaborations, and partnerships. Various initiatives are being undertaken by governmental bodies and private data center construction, creating intense competition. Key players are Schneider Electric SE, Fujitsu Ltd, Cisco Technology Inc., Eaton Corporation, and ABB Ltd.

In October 2023, ABB Ltd announced that it had added ZincFive as an approved supplier for its UPS systems, offering nickel-zinc as a battery option alongside lithium-ion and lead-acid, which is now installed and supported as part of an ABB uninterruptible power supply system.
In October 2023, Vertiv partnered with American Electric Power (AEP) and opened its Vertiv Customer Experience Center, featuring a microgrid power solution to help data centers address electrical grid capacity challenges. Vertiv 1.0-megawatt (MW) microgrid includes an Uninterruptible Power Supply (UPS) system, lithium-ion battery, system controls, and other critical components to cater to customer demand who are evaluating the role of microgrids and energy storage systems for their mission-critical power systems.