Ireland Data Center Power Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2022 |
| Market Size (2024) | USD 245.90 Million |
| Market Size (2029) | USD 514.60 Million |
| CAGR (2024 - 2029) | 16.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ireland Data Center Power Market Analysis
The Ireland Data Center Power Market size is estimated at USD 245.90 million in 2024, and is expected to reach USD 514.60 million by 2029, growing at a CAGR of 16.30% 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 Irish data center market is expected to reach 230 MW by 2029.
Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase more than 2.8 million sq. ft by 2029.
Planned Racks: The country's total number of racks to be installed is expected to reach 144,000 units by 2029. Dublin is expected to house the maximum number of racks by 2029.
The increasing need for data storage has resulted in an upsurge in the number of data centers, leading to increased electricity consumption in the country. The country has made progress in increasing the competition in the electricity and natural gas markets. It has reduced the use of fossil fuels and increased the share of renewable energy. The country's economy is also becoming less energy intensive. Moreover, to reduce energy consumption, key market players are focusing on introducing efficient power management systems such as PDUs, busways, and UPS to control unnecessary expenditures in data centers, which is expected to increase market growth.
Planned Submarine Cables: There are close to 16 submarine cable systems connecting Ireland, and many are under construction.
Ireland Data Center Power Market Trends
The IT & Telecom Segment is Expected to Hold a Significant Market Share
- The increased adoption of cloud computing services in the country has increased the number of IT infrastructure components. Many technology companies have launched cloud services to support the digital transformation efforts of many enterprises. Moreover, the increased adoption of e-commerce services has facilitated digitization. Such instances are increasing the demand for the data center power market during the forecast period.
- The data center market is achieving new records due to the increasing penetration of connected devices, including consolidation and the emergence of new players. Such cases will have a positive impact on market growth.
- The number of servers in data centers is likely to increase due to the growing demand for these digital services and the adoption of digital connectivity by end users, which requires more data storage. This situation corresponds to increased demand for data centers. Increasing data centers necessitates increasing the use of systems for power facilitation.
- With the growth of the smartphone user base, the demand for data centers has increased. The penetration rate has been positive with regard to usage for e-commerce, media and entertainment, and the banking payment sector. Smartphones necessitate real-time processing because they generate large chunks of data, leading to an increase in the demand for data centers. An increase in the number of data centers necessitates increasing the use of systems for power facilitation.
- The growth in speed is helping users spend more time on the internet in various industries. In Ireland, accessing social media is by far the most popular activity people use their phones for, with an average of 64 minutes spent on various platforms over the course of a typical day. After social media, streaming video is the next most popular activity people use their devices for, with an average of 53 minutes spent on platforms such as YouTube. These trends, along with the increasing population and 4G and 5G coverage, are expected to maintain the average time spent by people using their smartphones, thereby increasing the demand for data centers and the use of power systems.
PDUs are Expected to Hold Significant Share in the Market
- The growing focus on digitization, internet penetration, and e-commerce across the country creates the need for storage capacity, resulting in huge demand for data centers and increased power consumption. The increased demand for data storage has led to the adoption of intelligent power distribution units (PDUs) to optimize power consumption in data centers rather than simple multi-socket rack installations and servers and networking devices.
- PDUs are essential components of data center and server room infrastructure, allowing real-time monitoring of power consumption, voltage, current, and other electrical parameters. This data allows administrators to make informed decisions about power allocation and capacity planning.
- By tracking power consumption trends, managers can plan for future growth and avoid exceeding power capacity, preventing overloads that can lead to equipment failure. It also helps identify inefficiencies and optimize energy consumption. This eliminates unnecessary power consumption, lowers costs, and reduces the environmental footprint. Additionally, administrators can access and control it remotely, reducing the need for physical presence and minimizing disruption to operations.
- Industrial end users are gravitating toward cloud platforms such as Microsoft Azure, Google Cloud, and AWS. Growth trends indicate rapid adoption of cloud-based applications by end users. This provides opportunities for intelligent and compact PDUs that can meet the increasing power requirements to operate such platforms.
- With the growth of mega data centers in the country, the need for PDUs is also increasing. Faster internet speeds and the associated proliferation of accessible devices play an important role in determining and estimating national data consumption. The number of 5G mobile connections has increased significantly, which means that the penetration rate of 5G mobile in the country is high. Increased data traffic will further increase the demand for DC facilities with intelligent PDU systems.
Ireland Data Center Power Industry Overview
The data center power market is moderately concentrated due to higher initial investments and low availability of resources. It is dominated by a few major players like Schneider Electric SE, Fujitsu Ltd, Cisco Technology Inc., Eaton Corporation, and ABB Ltd. These major players, with a prominent share of the market, focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market share and their profitability. However, with technological advancements and product innovations, mid-sized to smaller companies have increased their market presence by securing new contracts and tapping new markets.
January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators.
March 2024: Schneider Electric announced its expansion of US manufacturing facilities at two locations to support critical infrastructure of data centers and other industries. The company plans to manufacture electrical switchgear and medium-voltage power distribution products at both locations.
Ireland Data Center Power Market Leaders
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ABB Ltd.
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Eaton Corporation
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Schneider Electric SE
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Cisco Systems Inc.
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Fujitsu Limited
*Disclaimer: Major Players sorted in no particular order
Ireland Data Center Power Market News
January 2024: Vertiv announced the plans to double its manufacturing capacity for busways, switchgear, and integrated modular solutions (IMS) by 2025. The expansion plans include increasing the utilization and footprint in the United Arab Emirates, Ireland, South Carolina (United States), Mexico, Slovakia, and Northern Ireland.
December 2023: Eaton, an intelligent power management company, announced the launch of its new Rack PDU G4 (4th generation) that provides a 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.
Ireland Data Center Power Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption & 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 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 Others
5.1.2 Service
5.2 End User
5.2.1 IT & Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media & 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.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ireland 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 Irish data center power market is segmented by power infrastructure (electrical solutions (UPS systems, generators, and power distribution solutions (PDU, switchgear, critical power distribution, transfer switches, remote power panels, and others)) and services) and end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Ireland Data Center Power Market Research FAQs
How big is the Ireland Data Center Power Market?
The Ireland Data Center Power Market size is expected to reach USD 245.90 million in 2024 and grow at a CAGR of 16.30% to reach USD 514.60 million by 2029.
What is the current Ireland Data Center Power Market size?
In 2024, the Ireland Data Center Power Market size is expected to reach USD 245.90 million.
Who are the key players in Ireland Data Center Power Market?
ABB Ltd., Eaton Corporation, Schneider Electric SE, Cisco Systems Inc. and Fujitsu Limited are the major companies operating in the Ireland Data Center Power Market.
What years does this Ireland Data Center Power Market cover, and what was the market size in 2023?
In 2023, the Ireland Data Center Power Market size was estimated at USD 205.82 million. The report covers the Ireland Data Center Power Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ireland Data Center Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ireland Data Center Power Industry Report
Statistics for the 2024 Ireland Data Center Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ireland 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.
Ireland Data Center Power Market Report Snapshots
