Data Center Power Management Market is Expected to Reach ~US$ 37.3 Bn by 2032
Between 2022 and 2032, the Data Center Power Management Market is anticipated to develop at a 6.9% CAGR to reach US$ 37.3 billion. Data centers are a critical component of today’s digital world. The globalization of the economy, as well as a significant move toward cloud-based data storage, is driving up demand for data centers around the world.
A vast quantity of energy is necessary to run this digital ecosystem of data centers. As a result, the global data center power management market is being shaped by the use of sustainable energy sources and an integrated approach to data center power management.
Important Points to Remember
- The DCIM (data center infrastructure management) software segment, by component, is predicted to increase at about 8% CAGR through 2032.
- Between 2022 and 2032, the UPS (uninterruptible power supply) systems market is expected to increase at an annual rate of 8.3%.
- Hyperscale data centers will grow at a CAGR of 9.0 percent by 2032, according to data center type.
- Between 2022 and 2032, the BFSI industry will grow at the fastest rate, with a 9.7% compound annual growth rate (CAGR).
- North America has the largest market share in data center power management, but South Asia and the Pacific will grow at the fastest rate, with a CAGR of 9%.
- Between 2022 and 2032, the tier-4 data center category will develop at the quickest rate, with an 8.2% CAGR.
Environment of Competition
There are both large-scale and medium-scale data center power management players in the industry. To grow their consumer base, leading players are using a variety of techniques such as mergers & acquisitions, collaborations, and partnerships.
The following are some of the key players:
- Siemens AG
- ABB
- Eaton
- Schneider Electric SE
- DataSpan
- Hewlett Packard Enterprise
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