Data Center Power Management Global Market Report 2024

The data center power management market size has grown strongly in recent years. It will grow from $20.79 billion in 2023 to $22.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period can be attributed to the escalating demands for data center capacity, the increasing adoption of cloud computing, a growing awareness of energy efficiency, the expansion of the digital economy, and government regulations that promote energy conservation.

The data center power management market size is expected to see strong growth in the next few years. It will grow to $30.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to the ongoing expansion of cloud services, a heightened demand for edge computing, the increasing complexity of data center infrastructure, a focus on renewable energy sources, and the escalating importance of data security. Noteworthy trends expected in the forecast period include the adoption of modular data center designs, an increased use of liquid cooling solutions, the integration of AI and machine learning for power management, an emphasis on sustainable and green data centers, and the development of energy-efficient hardware components.

The anticipated surge in data traffic is set to drive the growth of the data center power management market. Data traffic, which involves the movement of digital data packets across networks or the internet, necessitates effective power management in data centers. This ensures the reliability and accessibility of data center services while simultaneously reducing energy consumption and costs. For example, in 2021, global internet traffic witnessed a remarkable 50% increase from 2020 levels, reaching 4.8 zettabytes or 150,000 GB per second, as reported by the World Bank. Consequently, the escalating data traffic is a significant factor propelling the expansion of the data center power management market.

The proliferation of data centers is expected to contribute substantially to the growth of the data center power management market. These centralized facilities, equipped with computing and telecommunications resources, require efficient power management to optimize energy usage, ensure operational reliability, and minimize environmental impact. Notably, global investments in data center infrastructure more than doubled from USD 24.4 billion in 2020 to USD 53.8 billion in 2021, according to DLA Piper, a UK-based law firm. This growth was accompanied by a 64% increase in the total number of data center transactions, surging from 69 in 2020 to 113 in 2021. Hence, the rising number of data centers is a key driver of the data center power management market.

A prominent trend in the data center power management market is product innovation, with major companies focused on developing new solutions to maintain their market position. For instance, in June 2021, Eaton, a US-based power management company, introduced the iCube 2.0 and the 9PX lithium-ion UPS power supply series. These products not only address the demand for rapid and sustainable computing capability but also emphasize energy efficiency. The Eaton Intelligent Power Manager, integrated with the 9PX Li-ion UPS, facilitates advanced load-shedding capabilities and deep integration with virtual environments such as VMware and HyperV, enhancing infrastructure resilience against power and environmental challenges through automated disaster recovery.

Companies operating in the data center power management market are also intensifying efforts to introduce innovative solutions such as the 40kVA-class container-type data centers, aiming to maximize market revenues. The 40kVA-class container-type data center is a compact and mobile solution providing a versatile and energy-efficient environment for data processing and storage within a 12-foot container. Mitsubishi Heavy Industries Ltd., a Japan-based engineering company, launched a 40kVA-class 12ft container-type data center in October 2023. This solution features a hybrid cooling system utilizing immersion, air, and water cooling simultaneously to enhance reliability and achieve impressive Power Usage Effectiveness (PUE) values.

In March 2021, Eaton, a US-based power management company, acquired Tripp Lite for 1.65 billion dollars. Through this acquisition, Eaton aims to broaden its range of edge computing and distributed IT products, strengthen its single-phase UPS business, and offer a comprehensive selection of products, including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and data center enclosures. Tripp Lite, a US-based company specializing in data center power management solutions, adds value to Eaton's portfolio in this evolving market.

Major companies operating in the data center power management market report are Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd., Hewlett Packard Enterprise, Cummins Inc., Eaton Corporation, Emerson Electric Co., Legrand SA, Kohler Co., Vertiv Group Corp., Generac Power Systems Inc., Aggreko Ltd., Delta Electronics Inc., Panduit Corp., Socomec, Cyber Power Systems Inc., Toshiba Electronic Devices & Storage Corporation, DataSpan Holdings, Server Technology Inc., Chatsworth Products Inc., ZPE Systems Inc., Sunbird Software Inc., Enlogic, Raritan Inc.

Europe was the largest region in the data center power management market in 2023. The regions covered in the data center power management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the data center power management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The key components of data center power management include hardware, DCIM (data center infrastructure management) software, and services. Hardware refers to both internal and external equipment and devices utilized for essential tasks such as input, output, storage, communication, and processing. These components are integral for monitoring, quantifying, managing, and regulating the resources and energy utilization of data centers. Various types of data centers exist, including modular data centers, colocation data centers, cloud data centers, edge data centers, hyper-scale data centers, and micro mobile data centers, which can be installed as new installations, retrofits, or upgrades. These diverse installations cater to various industries such as banking, financial services and insurance (BFSI), healthcare, manufacturing, IT and telecom, media and entertainment, retail, government, and others.

The data center power management market research report is one of a series of new reports that provides data center power management market statistics, including data center power management industry global market size, regional shares, competitors with a data center power management market share, detailed data center power management market segments, market trends, and opportunities, and any further data you may need to thrive in the data center power management industry. This data center power management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The data center power management market consists of revenues earned by entities by providing services such as measuring, monitoring, and managing data center power usage, and analyzing power quality. The market value includes the value of related goods sold by the service provider or included within the service offering. The data center power management market also includes sales of microgrid controllers, power management systems, advanced protections, and controls tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.