As per comprehensive research report by Market Research Future (MRFR), “Data Center Power Market” information By Component, By Data Center Size, By End-User  – Global Forecast till 2032” market size to reach USD 31.6 Billion, growing at a compound annual growth rate of 6.40% by 2032.

 

The global data center power market is set to experience growth driven by industry trends and regional analysis, according to a recent report by Market Research Future Insights. The report provides insights into the current state of the market and predicts future growth based on various factors such as market segmentation, regional analysis, industry trends, and the impact of COVID-19.

 

Dominant Key Players on Data Center Power Industry Covered are: Eaton Corporation PLC, Schneider Electric SE, ABB Ltd, General Electric Company, Delta Electronics, Inc, Vertiv Group Corp. Rittal GmbH & Co. KG Legrand SA Siemens & Tripp Lite 

 

By solution type, the market is segmented into power distribution and measurement, backup power, and cabling infrastructure. By service type, the market is segmented into consulting, installation and integration, and support and maintenance. By end-user, the market is segmented into IT and telecommunications, BFSI, healthcare, government and defense, energy, and others.

 

One of the key drivers is the increasing demand for high-performance computing and storage solutions. This is driven by the growth of data-intensive applications, such as big data analytics, artificial intelligence, and the Internet of Things (IoT). These applications require high-performance computing and storage solutions, which in turn require robust and reliable data center power solutions.

 

Another key driver of growth is the increasing adoption of cloud computing. Cloud computing has become a popular choice for businesses of all sizes due to its scalability, cost-effectiveness, and flexibility. As more businesses move their workloads to the cloud, the demand for data center power solutions is expected to increase.