Data Center Power Management Market Growth Outlook Through 2024-2033

Overview and Scope

Data center power management refers to the strategies, processes, and tools used to manage and optimize power generation, consumption, and efficiency within a data center facility. It is used to provide administrative control over a data center's electrical energy tools and processes.

Sizing and Forecast
The data center power management market size has grown strongly in recent years. It will grow from $20.79 billion in 2023 to $22.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%.  The  growth in the historic period can be attributed to growing data center capacity demands, increasing adoption of cloud computing, rising awareness of energy efficiency, expansion of the digital economy, government regulations promoting energy conservation.

The data center power management market size is expected to see strong growth in the next few years. It will grow to $30.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.  The growth in the forecast period can be attributed to continued growth of cloud services, rising demand for edge computing, increasing complexity in data center infrastructure, focus on renewable energy sources, escalating importance of data security. Major trends in the forecast period include 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.

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Segmentation & Regional Insights
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

Europe was the largest region in the data center power management market in 2023. The regions covered in the data center power management  market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Increasing data traffic is expected to boost the growth of the data center power management market going forward. Data traffic refers to the movement of digital data packets across a computer network or the internet. Power management is necessary for data centers to manage the data traffic and guarantee the dependability and accessibility of data center services while lowering energy usage and costs. For instance, in 2021, according to the World Bank, a US-based financial institution, the total global internet traffic increased by about 50% 2022 from 2020 levels, reaching 4.8 zettabytes, equal to 150,000 GB per second. Therefore, increasing data traffic is driving the growth of the data center power management market.

Key Industry Players
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.

The data center power management market report table of contents includes:
1. Executive Summary

2. Data Center Power Management Market Characteristics

3. Data Center Power Management Market Trends And Strategies

4. Data Center Power Management Market - Macro Economic Scenario

5. Global Data Center Power Management Market Size and Growth

.

32. Global Data Center Power Management Market Competitive Benchmarking

33. Global Data Center Power Management Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Data Center Power Management Market

35. Data Center Power Management Market Future Outlook and Potential Analysis

36. Appendix

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