Data Center Power Market Report 2025-2034 | Data Center Power Industry To Hit USD 28.8 Billion By 2034 Driven By Modular Infrastructure Adoption And Energy-Efficient Technologies

(MENAFN- GlobeNewsWire - Nasdaq) Colocation Segment to Surpass USD 11 Billion by 2034 Amid Rising Energy Costs and High-Density IT Infrastructure. Data Center Operators Invest in Liquid and AI-Powered Cooling to Manage Energy Use and Environmental Impact.

Dublin, April 15, 2025 (GLOBE NEWSWIRE) -- The "Data Center Power Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.
The Data Center Power Market was valued at USD 14.1 billion in 2024, and is projected to reach USD 28.8 billion by 2034, rising at a CAGR of 7.5%.

The increasing adoption of modular data centers is a major factor driving this growth, as these facilities offer enhanced efficiency, scalability, and flexibility. They are becoming a preferred solution to meet the rising demand for data processing and storage. Modular power systems integrate generators, power distribution units, and uninterruptible power supplies in prefabricated designs that reduce costs and energy consumption, leading to lower operational expenses and a smaller carbon footprint. As digital infrastructure expands, the need for robust and energy-efficient power solutions continues to grow.
Leading technology firms and internet companies have already embraced modular data center technologies to optimize costs, reduce energy consumption, and accelerate deployment. Compared to traditional data centers, modular facilities lower civil engineering costs and cut design, management, and turnkey contracting expenses by approximately 30%. The push toward low-latency data processing, driven by advancements in edge AI, 5G networks, and cloud computing, is further fueling demand for high-performance power solutions in data centers.
The market is segmented by application into BFSI, colocation, energy, government, healthcare, manufacturing, IT & telecom, and others. In 2024, IT & telecom accounted for 24% of the market, with the colocation segment expected to surpass USD 11 billion in revenue by 2034. Both IT and telecommunications providers are prioritizing power-efficient data centers, focusing on cooling technologies that enhance performance, reduce costs, and minimize environmental impact. As high-performance computing requirements grow, energy-efficient cooling and power systems are becoming critical for managing power-intensive workloads.
The power market for data centers is also classified by component into solutions and services. In 2024, the solutions segment held a 63% market share, while the services sector is anticipated to expand at a CAGR of approximately 8% through 2034. The transition toward renewable energy sources, including wind and solar, is gaining momentum due to cost efficiency and environmental concerns. This shift is transforming power distribution units (PDUs) and uninterruptible power supplies (UPS), which are now incorporating advanced monitoring and management features to optimize power reliability and efficiency in data centers.
By data center type, the market is categorized into hyperscale, colocation, edge, and enterprise facilities. The colocation sector led the market with USD 5.7 billion in 2024, driven by increasing energy costs and the need for energy-efficient operations. Colocation providers are actively investing in renewable energy solutions and adopting advanced cooling methods such as liquid and AI-driven cooling to enhance efficiency and reduce operating expenses. These innovations help lower reliance on conventional air conditioning while improving the cooling management of high-density IT infrastructure.
In North America, the United States dominated the data center power sector in 2024, generating USD 3.6 billion in revenue. Growth in this region is propelled by technology giants investing in efficient power infrastructure to support expanding data center operations. The rising adoption of cloud computing services by enterprises of all sizes further fuels the demand for advanced power solutions. With continuous advancements in digital infrastructure, efficient and sustainable power systems will remain a priority for data center operators worldwide.
Comprehensive Market Analysis and Forecast

• Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
• Competitive landscape with Porter's Five Forces and PESTEL analysis
• Market size, segmentation, and regional forecasts
• In-depth company profiles, business strategies, financial insights, and SWOT analysis

Key Attributes

Report Attribute	Details
No. of Pages	180
Forecast Period	2024-2034
Estimated Market Value (USD) in 2024	$14.1 Billion
Forecasted Market Value (USD) by 2034	$28.8 Billion
Compound Annual Growth Rate	7.5%
Regions Covered	Global

Key Topics Covered
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates & calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market scope & definition
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Power distributor
3.1.2 Technology provider
3.1.3 Data center operator
3.1.4 End use
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Cost breakdown to build and maintain a data center
3.8 Annual power usage effectiveness (PUE) of data centers
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Rising data center power consumption across the globe
3.10.1.2 Growing global data center inventory
3.10.1.3 Rising demand for modular data centers
3.10.1.4 Emergence of digital technologies including blockchain and Machine Learning (ML)
3.10.1.5 Shift toward intelligent power managing solutions
3.10.2 Industry pitfalls & challenges
3.10.2.1 Environmental sustainability challenges associated with data center power consumption
3.10.2.2 High management costs related to data center power
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, by Component, 2021-2034 ($Bn)
5.1 Key trends
5.2 Solution
5.2.1 Power distribution units (PDUs)
5.2.2 UPS
5.2.3 Generators
5.2.3.1 Diesel generator
5.2.3.2 Gas generator
5.2.4 Cabling infrastructure
5.2.5 Others
5.3 Services
5.3.1 Managed
5.3.2 Professional
Chapter 6 Market Estimates & Forecast, by Application, 2021-2034 ($Bn)
6.1 Key trends
6.2 BFSI
6.3 Colocation
6.4 Energy
6.5 Government
6.6 Healthcare
6.7 Manufacturing
6.8 IT & telecom
6.9 Others
Chapter 7 Market Estimates & Forecast, by Data Center, 2021-2034 ($Bn)
7.1 Key trends
7.2 Hyperscale
7.3 Colocation
7.4 Edge
7.5 Enterprise
Chapter 8 Market Estimates & Forecast, by Region, 2021-2034 ($Bn)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 UK
8.2.2 Germany
8.2.3 France
8.2.4 Spain
8.2.5 Poland
8.2.6 Benelux
8.3 Asia-Pacific
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 Singapore
8.3.5 Australia
8.4 South America
8.4.1 Brazil
8.4.2 Chile
8.4.3 Peru
8.4.4 Argentina
8.5 MEA
8.5.1 UAE
8.5.2 Saudi Arabia
8.5.3 South Africa
Chapter 9 Company Profiles
9.1 ABB
9.2 Active POWER
9.3 Belkin International
9.4 Black Box
9.5 Caterpillar
9.6 Cummins
9.7 Cyber Power Systems
9.8 Delta Electronics
9.9 Eaton
9.10 Hewlett Packard Enterprise
9.11 Huawei Technologies
9.12 Legrand
9.13 Mitsubishi Electric Corporation
9.14 NVIDIA
9.15 Rittal
9.16 Schneider Electric
9.17 Siemens
9.18 Toshiba
9.19 Tripp Lite
9.20 Vertiv

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