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Data Center Power Management Market Trends

Report ID: GMI6114
Published Date: Jun 2023
Report Format: PDF

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Data Center Power Management Market Trends

Energy efficiency has become a priority for data centers worldwide. As the demand for data center services continues to grow, organizations are seeking power management solutions that can optimize energy usage, reduce carbon footprints, and lower operational costs. Emerging trends in energy-efficient technologies, such as advanced Power Distribution Units (PDUs), intelligent cooling systems, and dynamic power provisioning, are gaining traction in the industry.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data center power management reached USD 6.7 billion in 2023 and is set to witness 7% CAGR between 2024 and 2032, owing to the rapid growth of digitalization, cloud computing, the Internet of Things (IoT), and big data analytics.

The small data center segment was valued at over USD 1.2 billion in 2023, as small-scale businesses and enterprises are increasingly adopting data centers to fulfill their growing IT infrastructure needs.

North America market held over 35% of the revenue share in 2023. The region is home to several established data center facilities and technology companies, driving the adoption of advanced power management solutions.

ABB Ltd., Cummins Inc., DataSpan, Delta Electronics, Inc., Eaton Corporation, General Electric Company, Hewlett Packard Enterprise, Huawei Technologies, Legrand SA, Panduit Corp., Schneider Electric SE, Siemens AG, Socomec Group, Sunbird, and Vertiv Co.