This report describes and explains the data center low voltage (LV) or medium voltage (MV) power distribution market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global data center low voltage (LV) or medium voltage (MV) power distribution market reached a value of nearly $3.53 billion in 2024, having grown at a compound annual growth rate (CAGR) of 11.17% since 2019. The market is expected to grow from $3.53 billion in 2024 to $5.98 billion in 2029 at a rate of 11.10%. The market is then expected to grow at a CAGR of 10.38% from 2029 and reach $9.8 billion in 2034.
Growth in the historic period resulted from the expansion of cloud computing, rise in disaster recovery and backup solutions and rising government regulations and incentives to adopt energy-efficient power distribution solutions. Factors that negatively affected growth in the historic period were high initial investment costs and stricter regulatory compliance costs.
Going forward, the growth in internet and mobile data usage, transition to 5G networks, growth in smart home technologies, increasing demand for data storage and increase in number of data centers will drive the growth. Factor that could hinder the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market in the future include rising energy costs and grid infrastructure limitations.
North America was the largest region in the data center low voltage (LV) or medium voltage (MV) power distribution market, accounting for 35.59% or $1.25 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the data center low voltage (LV) or medium voltage (MV) power distribution market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 11.90% and 11.67% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 11.26% and 10.79% respectively.
The global data center low voltage (LV) or medium voltage (MV) power distribution market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 20.90% of the total market in 2024. Schneider Electric SE was the largest competitor with a 2.43% share of the market, followed by Siemens AG with 2.39%, Vertiv Holdings Co with 2.33%, ABB Ltd. with 2.30%, Eaton Corporation with 2.16%, General Electric (GE) Vernova with 2.02%, Delta Electronics Inc with 1.88%, Rittal GmbH & Co. KG with 1.81%, Legrand SA with 1.81% and Caterpillar Inc with 1.77%.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by component into hardware and services. The hardware market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component, accounting for 67.49% or $2.38 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component, at a CAGR of 12.01% during 2024-2029.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by data center sizes into small and medium-sized data centers and large data centers. The large data centers market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes, accounting for 65.56% or $2.31 billion of the total in 2024. Going forward, the large data centers segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes, at a CAGR of 11.57% during 2024-2029.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by application into banking, financial services and insurance (BFSI), colocation, energy, government, healthcare, manufacturing, IT (information technology) and telecom and other applications. The banking, financial services and insurance (BFSI) market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by application, accounting for 25.21% or $891.31 million of the total in 2024. Going forward, the IT (information technology) and telecom segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by application, at a CAGR of 13.14% during 2024-2029.
The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component will arise in the hardware segment, which will gain $1.56 billion of global annual sales by 2029. The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes will arise in the large data centers segment, which will gain $1.68 billion of global annual sales by 2029. The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by end user will arise in the IT (information technology) and telecom segment, which will gain $609.76 million of global annual sales by 2029. The data center low voltage (LV) or medium voltage (MV) power distribution market size will gain the most in the USA at $831.37 million.
Market-trend-based strategies for the data center low voltage (LV) or medium voltage (MV) power distribution market include focus on strategic partnerships enhancing efficiency in data center power distribution and focus on AI-powered micro modular data centers for enhanced efficiency and scalability.
Player-adopted strategies in the data center low voltage (LV) or medium voltage (MV) power distribution market include focus on technological advancements such as the developing reliable and sustainable cloud services powered by renewable energy, focus on the enhancing on-demand power upgrades in dynamic environments, focus on developing new advanced power distribution solution enhancing system-level configurability and focus on strengthening thermal monitoring solutions through strategic acquisition.
To take advantage of the opportunities, the analyst recommends the data center low voltage (LV) or medium voltage (MV) power distribution to focus on scalable and intelligent product development, focus on safe and sustainable medium-voltage solutions, focus on high-growth services segment, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on IT and telecom end-use segment.
The global data center low voltage (LV) or medium voltage (MV) power distribution market reached a value of nearly $3.53 billion in 2024, having grown at a compound annual growth rate (CAGR) of 11.17% since 2019. The market is expected to grow from $3.53 billion in 2024 to $5.98 billion in 2029 at a rate of 11.10%. The market is then expected to grow at a CAGR of 10.38% from 2029 and reach $9.8 billion in 2034.
Growth in the historic period resulted from the expansion of cloud computing, rise in disaster recovery and backup solutions and rising government regulations and incentives to adopt energy-efficient power distribution solutions. Factors that negatively affected growth in the historic period were high initial investment costs and stricter regulatory compliance costs.
Going forward, the growth in internet and mobile data usage, transition to 5G networks, growth in smart home technologies, increasing demand for data storage and increase in number of data centers will drive the growth. Factor that could hinder the growth of the data center low voltage (LV) or medium voltage (MV) power distribution market in the future include rising energy costs and grid infrastructure limitations.
North America was the largest region in the data center low voltage (LV) or medium voltage (MV) power distribution market, accounting for 35.59% or $1.25 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the data center low voltage (LV) or medium voltage (MV) power distribution market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 11.90% and 11.67% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 11.26% and 10.79% respectively.
The global data center low voltage (LV) or medium voltage (MV) power distribution market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 20.90% of the total market in 2024. Schneider Electric SE was the largest competitor with a 2.43% share of the market, followed by Siemens AG with 2.39%, Vertiv Holdings Co with 2.33%, ABB Ltd. with 2.30%, Eaton Corporation with 2.16%, General Electric (GE) Vernova with 2.02%, Delta Electronics Inc with 1.88%, Rittal GmbH & Co. KG with 1.81%, Legrand SA with 1.81% and Caterpillar Inc with 1.77%.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by component into hardware and services. The hardware market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component, accounting for 67.49% or $2.38 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component, at a CAGR of 12.01% during 2024-2029.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by data center sizes into small and medium-sized data centers and large data centers. The large data centers market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes, accounting for 65.56% or $2.31 billion of the total in 2024. Going forward, the large data centers segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes, at a CAGR of 11.57% during 2024-2029.
The data center low voltage (LV) or medium voltage (MV) power distribution market is segmented by application into banking, financial services and insurance (BFSI), colocation, energy, government, healthcare, manufacturing, IT (information technology) and telecom and other applications. The banking, financial services and insurance (BFSI) market was the largest segment of the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by application, accounting for 25.21% or $891.31 million of the total in 2024. Going forward, the IT (information technology) and telecom segment is expected to be the fastest growing segment in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by application, at a CAGR of 13.14% during 2024-2029.
The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by component will arise in the hardware segment, which will gain $1.56 billion of global annual sales by 2029. The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by data center sizes will arise in the large data centers segment, which will gain $1.68 billion of global annual sales by 2029. The top opportunities in the data center low voltage (LV) or medium voltage (MV) power distribution market segmented by end user will arise in the IT (information technology) and telecom segment, which will gain $609.76 million of global annual sales by 2029. The data center low voltage (LV) or medium voltage (MV) power distribution market size will gain the most in the USA at $831.37 million.
Market-trend-based strategies for the data center low voltage (LV) or medium voltage (MV) power distribution market include focus on strategic partnerships enhancing efficiency in data center power distribution and focus on AI-powered micro modular data centers for enhanced efficiency and scalability.
Player-adopted strategies in the data center low voltage (LV) or medium voltage (MV) power distribution market include focus on technological advancements such as the developing reliable and sustainable cloud services powered by renewable energy, focus on the enhancing on-demand power upgrades in dynamic environments, focus on developing new advanced power distribution solution enhancing system-level configurability and focus on strengthening thermal monitoring solutions through strategic acquisition.
To take advantage of the opportunities, the analyst recommends the data center low voltage (LV) or medium voltage (MV) power distribution to focus on scalable and intelligent product development, focus on safe and sustainable medium-voltage solutions, focus on high-growth services segment, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on IT and telecom end-use segment.
Major Market Trends
- Strategic Partnerships Enhancing Efficiency in Data Center Power Distribution
- AI-Powered Micro Modular Data Centers for Enhanced Efficiency and Scalability
- Innovative Medium-Voltage Switchgears for Safe and Sustainable Power Distribution
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Growth Analysis and Strategic Analysis Framework
9 Global Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market Segmentation
10 Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in the Data Center Low Voltage (LV) or Medium Voltage (MV Power Distribution Market
24 Opportunities and Strategies
25 Data Center Low Voltage (LV) Or Medium Voltage (MV) Power Distribution Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Data Center Low Voltage (LV) or Medium Voltage (MV) Power Distribution Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global data center low voltage (LV) or medium voltage (MV) power distribution market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for data center low voltage (LV) or medium voltage (MV) power distribution? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The data center low voltage (LV) or medium voltage (MV) power distribution market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider data center low voltage (LV) or medium voltage (MV) power distribution market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by data center sizes and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by data center sizes and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for data center low voltage (LV) or medium voltage (MV) power distribution providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) by Component: Hardware; Services
2) by Data Center Size: Small and Medium-Sized Data Centers; Large Data Centers
3 by Application: Banking, Financial Services and Insurance (BFSI); Colocation; Energy; Government; Healthcare; Manufacturing; IT (Information Technology) and Telecom; Other Applications.
Key Companies Profiled: Schneider Electric SE; Siemens AG; Vertiv Holdings Co; ABB Ltd; Eaton Corporation
Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; data center low voltage (LV) or medium voltage (MV) power distribution indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Data Center Low Voltage (LV) or Medium Voltage (MV) Power Distribution market report include:- Schneider Electric SE
- Siemens AG
- Vertiv Holdings Co
- ABB Ltd Eaton Corporation
- General Electric (GE) Vernova
- Delta Electronics Inc.
- Rittal GmbH & Co. KG
- Legrand SA
- Caterpillar Inc.
- Digital Realty
- GLP
- Delta
- Legrand
- Larsen & Toubro (L&T)
- Tencent
- Huawei Technologies Co., Ltd.
- Zhuhai HZZH Technology Co., Ltd.
- TBEA Co., Ltd.
- Henan Pinggao Electric Co., Ltd.
- Sungrow Power Supply Co., Ltd.
- NTT Global Data Centers (NTT GDC)
- TEPCO Power Grid (TEPCO PG)
- Princeton Digital Group (PDG)
- Toshiba Corporation
- Nidec Corporation
- Panasonic Corporation
- NEC Corporation
- Hitachi Energy
- Digital Edge
- Korea Electric Power Corporation (KEPCO)
- LS Electric
- Hyundai Electric & Energy Systems
- Hyosung Heavy Industries
- Vertiv
- Socomec Group
- Weidmüller
- ZIV Aplicaciones y Tecnología
- Phoenix Contact
- Ormazabal Velatia
- České Radiokomunikace (CRA)
- Rolls-Royce
- Electroalfa
- Tavrida Electric
- EKRA
- Severstal-metiz
- Ruselprom
- Togliatti Transformer
- Cummins
- Generac Power Systems
- Leviton Manufacturing
- Panduit
- Mardix
- SGS
- Emirates Transformer and Switchgear
- Alstom Grid
- Binghalib Engineering
- Al Hamad Switchgear
- Voltronix Switchgear
- Riyadh Al Etqan
- TIEPCO
- Alfanar
- Bahra Electric
- ACTOM
- AMJ Electrical Services
- GEM Switchgear
- Africa Switchgear
- 2M Electric Group
- Sempra Electric
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 341 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 3.53 Billion |
| Forecasted Market Value ( USD | $ 9.8 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 68 |
