The global data center power market was valued at USD 20.21 billion in 2024 and is projected to reach USD 42.35 billion by 2030, growing at a CAGR of 13.2% from 2025 to 2030. The market is fueled by the rapid expansion of cloud computing, digital transformation initiatives, and increasing demand for data storage across industries. The growth of hyperscale and colocation data centers has intensified the need for efficient, reliable, and scalable power solutions, including uninterruptible power supplies (UPS), generators, and power distribution units (PDU), to support uninterrupted operations.
Reliability is a critical factor, as even brief power interruptions can cause significant financial losses due to the mission-critical workloads data centers handle. Consequently, operators are investing in redundant power systems, smart grid technologies, real-time monitoring, and resilient backup solutions such as microgrids and on-site generation to ensure continuity. The rising incidence of extreme weather events and natural disasters further underscores the importance of robust, disaster-resistant power infrastructure.
Key Market Trends & Insights
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Market Size & Forecast
Competitive Landscape
Key players in the data center power market include ABB, Eaton, Schneider Electric, Vertiv Group Corp., and Rittal GmbH & Co. KG. Companies are actively pursuing new product launches, partnerships, collaborations, and strategic acquisitions to expand market share and address the evolving demands of AI-driven and hyperscale data centers.
Notable recent developments include:
Prominent Companies
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Conclusion
The data center power market is experiencing rapid expansion as digital transformation, cloud adoption, and AI workloads drive demand for reliable, high-performance power solutions. Investment in UPS systems, microgrids, and smart power management technologies will continue to be critical for supporting mission-critical operations and minimizing downtime across global data centers.