What Are The 5 Takeaways From The Data Center Power Management Market Overview 2024
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The data center power management market grew from $20.79 billion in 2023 to $22.65 billion in 2024, with an 8.9% CAGR, driven by cloud computing and energy efficiency awareness. Projected growth to $30.4 billion by 2028 is fueled by cloud services and edge computing demands, with trends in modular designs and AI integration for power management.
The data center power management market is expanding with increasing data traffic volumes. Data centers require efficient power management solutions to ensure reliable service delivery while minimizing energy consumption. With global internet traffic levels surging, there is a growing need for robust power management systems in data centers. The exponential growth in data traffic, as reported by the World Bank, underscores the market’s potential for power management solutions tailored to data center requirements.
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What Are The Key Trends That Influence Data Center Power Management Market Share Analysis?
Product innovation drives the data center power management market, exemplified by US-based Eaton’s introduction of iCube 2.0 and 9PX lithium-ion UPS in June 2021. These products enhance computing capabilities sustainably while ensuring energy efficiency and infrastructure resilience.
Which Market Players Are Driving Growth In The Data Center Power Management Market?
Major companies operating in the data center power management market report are 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.
How Is The Global Data Center Power Management Market Segmented?
The data center power management market covered in this report is segmented –
1) By Component: Hardware, DCIM (Data Center Infrastructure Management) Software, Services
2) By Data Center Type: Modular Data Centers, Colocation Data Centers, Cloud Data Centers, Edge Data Centers, Hyperscale Data Center, Micro Mobile Data Centers
3) By Installation Type: New Installation, Retrofit Or Upgrade
4) By Industry: Banking, Financial Services And Insurance(BFSI), Healthcare, Manufacturing, IT And Telecom, Media And Entertainment, Retail, Government, Other Industries
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The Data Center Power Management Global Market Report 2024 provides an overview of the data center power managementmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The data center power management market forecast analyzes data center power management market size, data center power management market share, leading competitor and their market positions.
The Table Of Content For The Data Center Power Management Market Include
1. Data Center Power Management Market Executive Summary
2. Data Center Power Management Market Segments
3. Data Center Power Management Market Size And Template Market Growth Rate
4. Key Data Center Power Management Market Trends
5. Major Data Center Power Management Market Drivers
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25. Key Mergers And Acquisitions In The Data Center Power Management Market
26. Top Data Center Power Management Companies
27. Data Center Power Management Market Opportunities And Strategies
28. Data Center Power Management Market, Conclusions And Recommendations
29. Appendix
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