Data Center Power Market Outlook, Growth Factors, Industry Share, and Size By 2032
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Data Center Power Market
Outlook, Growth Factors, Industry Share, Size By 2032 As businesses increasingly rely on cloud computing for data storage, processing, and software services, the demand for data centers that can support these services with reliable power supply grows. This demand is a significant driver for investments in data center power infrastructure. The global data center power market is on a significant upswing due to the increasing need for data storage and processing capabilities across industries. Reliable power solutions in data centers are essential as businesses become more dependent on digital infrastructure. The market is marked by a surge in data traffic, widespread adoption of cloud computing, and the proliferation of internet-connected devices.
According to Straits Research, the global data center power market size was valued at USD 23.34 billion in 2023 and reached USD 25.75 billion in 2024. It is expected to reach USD 56.58 billion in 2032, growing at a CAGR of 10.34% over the forecast period (2024-32).
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Data Center Power Market $56.58
CAGR 10.34%
USD Billion
$ 23.34
USD Billion
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2023
2032
Data Center Power Market Main Market Players Covered in This Report: ü ABB ü Schneider Electric ü Eaton ü Delta Electronics, Inc. ü Raritan Inc.
A Summary of the Impact of COVID19 on this Market: The appearance of COVID-19 has transported the globe to a halt. We understand that this health disaster has brought an unprecedented impact on businesses across industries. However, this too shall pass. Growing support from governments
ü Rittal GmbH & Co. KG
and various companies can benefit in the fight
ü Server Technology, Inc.
against this highly transmissible disease. There
ü Tripp Lite
are some businesses that are struggling and some
ü Black Box Corporation ü Cyber Power Systems (USA), Inc. ü Generac Power Systems, Inc.
are thriving. General, almost every sector is anticipated to be stuck by the pandemic
Data Center Power Market The Data Center Power Market has been segmented as below: ü By End-User •
Mid-Size Data Centre
•
Enterprise Data Centre
•
Large Data Centre
ü By Vertical •
BFSI
•
Energy
•
Government & Defense
•
Healthcare
We are taking nonstop efforts to help your business sustain and cultivate during COVID-19 pandemics. Based on our knowledge and expertise, we will provide you an impact analysis of coronavirus outbreaks across businesses to help you prepare for the future. Thanks for reading this article; you can also get distinct chapter-wise sections or region-wise report versions like Asia, US, Europe, Africa, etc.
About Straits Research StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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