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Data Center Power Management Market: Growth Prospects, Key Players, and Emerging Trends
Data Center Power Management Market
What Is The Projected Market Size Of The Global Data Center Power Management Market And Its Growth Rate?
The global data center power management market has witnessed a robust growth and is set to further expand at a promising pace due to factors such as the rising adoption of cloud computing, government regulations on energy conservation, and the expanding digital economy.
• Market value projected to rise from $22.13 billion in 2024 to $23.47 billion in 2025.
• The aforementioned growth would occur at a compound annual growth rate (CAGR) of 6.0%.
• The market is expected to catapult to $33.84 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%.
What Is Driving The Growth In The Data Center Power Management Market?
The surge in data traffic has become a major growth propeller for the data center power management market. With increasing data services' reliability, accessibility and rising data traffic, the demand for power management in data centers has grown. For instance, according to Ericsson, a telecommunications company based in Sweden, there's an anticipated growth in the share of 5G's of mobile data traffic from 25% at the end of 2023 to around 75% in 2029.
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Who Are the Key Players Driving Data Center Power Management Market Growth?
Some of the 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 Are The Key Trends In The Data Center Power Management Market?
Some of the key trends defining the future trajectory of the data center power management market are:
• Adoption of modular data center designs
• Increased use of liquid cooling solutions
• Integration of AI and machine learning for power management
• Emphasis on sustainable and green data centers
• Development of energy-efficient hardware components.
What Are The Segments Of The Global Data Center Power Management Market?
The global data center power management market can be segmented as:
• Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
• Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
• Installation Type: New Installation, Retrofit Or Upgrade
• Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
Which Region Leads The Data Center Power Management Market?
Europe emerged as the largest regional market for data center power management in 2024. Furthermore, the report covers various other regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Data Center Power Management Market Global Market Report?
- Market Size Analysis: Analyze the Data Center Power Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Data Center Power Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Data Center Power Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Data Center Power Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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