How Is the Data Center Generator Market Expected To Grow Through 2024-2033?

February 28, 2024 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Data Center Market Overview

The data center market has witnessed robust growth, with a size surge from $252.68 billion in 2023 to $274.98 billion in 2024 at a CAGR of 8.8%. This expansion is attributed to various factors such as enterprise IT growth, mobile device proliferation, the internet, and the digital revolution, emphasizing business continuity requirements and data center consolidation.

Future Projections

Anticipating a continuation of this trend, the market is projected to reach $388.41 billion in 2028, exhibiting a CAGR of 9.0%. The forthcoming growth is driven by factors like increasing digitalization, expansion of cloud services, hybrid cloud adoption, sustainability initiatives, and a heightened focus on cybersecurity. Key trends in the forecast period include the expansion of edge computing, cloud migration, hybrid cloud adoption, AI and machine learning integration, and sustainability initiatives.

The Nexus Between Data Centers and Generators

Surge in Data Center Numbers

The proliferation of data centers plays a pivotal role in propelling the data center generator market. As businesses embrace digital transformation and cloud services, the demand for data center capacity skyrockets. Consumer-focused cloud providers and hyperscale operators are rapidly expanding their operations, necessitating reliable backup power, supplied efficiently by data center generators.

Statistics Highlight: According to Gartner, end-user spending on global data center infrastructure surged by 6% from 2020 to $200 billion in 2021.
Workload Intensity: The International Energy Agency reported a substantial workload increase to 650 million in 2021, marking a remarkable 260% rise.

Key Players in the Data Center Generator Market

Several major companies are actively participating in the data center generator market. These include Alphabet Inc., Amazon.com Inc., Equinix Inc., Microsoft Corp., NTT DATA Corp., Oracle Corp., SAP SE, International Business Machines Corp., and many more. The presence of industry giants underscores the significance and competitiveness of this market.

Strategic Partnerships: A Catalyst for Advancement

Driving Innovation Through Collaboration

Major players in the data center generator market are leveraging strategic partnerships to explore eco-friendly fuel technologies, particularly hydrogen. Equinix Inc., for instance, partnered with the Center for Energy Research & Technology (CERT) to initiate groundbreaking research on proton-exchange membrane fuel cells and fuel-flexible linear generator technologies. These technologies hold the potential to reduce carbon emissions while meeting the escalating demand for data and colocation services.

Research Focus: The Equinix-CERT partnership evaluates the efficiency of PEM fuel cells and fuel-flexible linear generators, considering factors like local climatic conditions, power requirements, and adherence to regulatory policies.
Carbon Emission Reduction: Adoption of these technologies aligns with sustainability goals, curbing carbon emissions in data centers.

Case Study: Caterpillar Inc.’s Collaboration

Caterpillar Inc., Microsoft, and Ballard Power Systems collaborated on a three-year project to evaluate hydrogen fuel cell backup generators. The project, hosted at a Microsoft data center, assesses the affordability and performance of fuel cell systems powered by low-carbon-intensity hydrogen.

Project Scope: Caterpillar provides system integration, power electronics, and controls, while Ballard contributes an advanced hydrogen fuel cell module.
Affordability and Performance: The collaboration explores the feasibility of implementing low-carbon-intensity hydrogen in fuel cell systems at scale.

Segmentation and Regional Landscape

Market Segmentation

The data center generator market is segmented based on product (diesel, gas, other products), capacity (<1 MW, 1 MW-2MW, >2MW), and tier standard (Tier I and II, Tier III, Tier IV). This segmentation provides insights into the diverse product offerings and capacities within the market.

Regional Dynamics

North America dominated the data center generator market in 2023, with Asia-Pacific expected to emerge as the fastest-growing region in the forecast period. The regional distribution highlights the global nature of the data center market and the dynamic growth potential in different geographical areas.

View More On The Data Center Generator Market Report 2024 – https://www.thebusinessresearchcompany.com/report/data-center-generator-global-market-report

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The Data Center Generator Global Market Report 2024 provides comprehensive insights on the data center generator market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the data center generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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