PUBLISHER: Polaris Market Research | PRODUCT CODE: 1866313
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1866313
The data center power market size is expected to reach USD 71.23 Billion by 2034, according to a new study by Polaris Market Research. The report "Data Center Power Market Size, Share, Trends, Industry Analysis Report By Component, By Tier Type, By Data Center Size, By End Users, By Vertical, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Data Center Power Market is witnessing robust growth, driven by rising demand for high-performance computing (HPC), AI workloads, and the expansion of hyperscale and enterprise data centers.
Leading players are focusing on developing technologically advanced, reliable, and scalable power solutions, including UPS systems, PDUs, and advanced backup infrastructure, to ensure continuous operations, optimize energy efficiency, and meet growing enterprise and cloud computing requirements globally.
Based on component, the solutions segment dominated in 2024, driven by deployment of UPS systems, PDUs, and backup power systems to maintain uninterrupted data center operations.
In terms of tier type, Tier III data centers held the largest share, supported by their balance of redundancy, reliability, and cost-efficiency, ideal for enterprise and hyperscale deployments.
Based on data center size, large-sized facilities led the market, fueled by high power demands from hyperscale operators, cloud providers, and colocation facilities.
By end user, cloud providers dominated, driven by the exponential growth of cloud computing services, AI workloads, and storage needs requiring resilient power infrastructure.
By vertical, BFSI led, due to the critical need for secure, always-on operations in banking, insurance, and financial services.
North America accounted for the largest share, supported by widespread HPC adoption, AI-driven workloads, and expansion of hyperscale data centers.
Asia Pacific is expected to grow fastest, fueled by government initiatives promoting green data centers, energy-efficient infrastructure, and rapid digitalization across key economies.
A few key global players include ABB Ltd, Black Box Corporation, CyrusOne Inc., Eaton Corporation plc, Equinix, Inc., GDS Holdings Limited, Generac Power Systems, Inc., General Electric Company, Huawei Technologies Co., Ltd., Legrand SA, N1 Critical Technologies LLC, NTT Global Data Centers Corporation, Raman Power Technologies Pvt. Ltd., Rittal GmbH & Co. KG, and Schneider Electric SE.
Polaris Market Research has segmented the market report on the basis component, tier type, data center size, end-user, vertical, and region:
By Component Outlook (Revenue, USD Billion, 2020-2034)
Solutions
Power Distribution
Power Monitoring
Power Backup
Cabling Infrastructure
Services
Design and Consulting
Support and Maintenance
Integration and Deployment
By Tier Type Outlook (Revenue, USD Billion, 2020-2034)
Tier I & II
Tier III
Tier IV
By Data Center Size Outlook (Revenue, USD Billion, 2020-2034)
Small and Medium Sized
Large Sized
By End-User Outlook (Revenue, USD Billion, 2020-2034)
Cloud Providers
Enterprises
Others
By Vertical Outlook (Revenue, USD Billion, 2020-2034)
Banking, Financial Services, And Insurance (BFSI)
Energy & Utilities
Government and Defense
Telecommunication
Healthcare
IT & ITES
Other Verticals
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America