Data Center Generator Market To Form Over $3 Billion Investment Opportunities by 2028 By CIOTechOutlook Team

Data Center Generator Market To Form Over $3 Billion Investment Opportunities by 2028

CIOTechOutlook Team | Thursday, 15 June 2023, 06:23 IST

The market for data centre generators would expand at a CAGR of 6.24% between 2022 and 2028. The adoption of cutting-edge generators, the acceleration of the deployment of edge data centres by 5G, the automation and remote monitoring of generators, and rules governing the use of electric generators and their procurement are the main trends propelling the growth of the worldwide data centre generator market.

Due to the pandemic's rising digitalization, several measures were undertaken in 2022 by various nations to install technologies including IoT, Big Data, 5G, and Edge. Cloud service providers also boosted their expenditures across various geographies. The demand for colocation services resulted in a high level of space utilisation in data centres already in operation in 2022, which increased service providers' revenues by over 10%. Additionally, a number of recent market entrants planned to make investments in mega-scale data centres with a capacity of more than 15 MW.

The epidemic has further driven the enterprise adoption of cloud-based services, Big Data analytics, and IoT services, which is a powerful force for data centre investments in developing nations.

Deploying edge data centres is currently a significant commercial trend. With announcements centred on edge power solutions, many generator system vendors innovate their product lines. The purchase of 1 MW generator systems will increase as more edge data centre installations take place. From a vendor's perspective, partnerships with new edge data centre providers are essential to increasing revenues.

The worldwide data centre generator market is expanding as a result of an increase in data centre building as well as an increase in the number of hyperscale constructions by colocation and hyperscale operators. Numerous hyperscale data centre projects are identified in several rising nations, including Brazil, Denmark, Singapore, Australia, Canada, India, Japan, Sweden, Norway, Finland, Ireland, Indonesia, and South Korea. These projects create prospects for power infrastructure vendors in these nations.