Data Center Power Market to value $20 Bn by 2032, Says

Selbyville, Delaware, Oct. 24, 2022 (GLOBE NEWSWIRE) —

The data center power market is expected to cross a valuation USD 20 billion by 2032, according to latest research report by Global Market Insights Inc. The development of portable & energy-efficient IT infrastructure facilities and the subsequent rise in the need for modular data centers are driving the industry growth.

Due to the robust presence of industry players including Vertiv Co. and Eaton Corporation, investment in innovative data center solutions has also accelerated. Thus, with rapid technological advancements in data centers, the production of efficient power systems will surge considerably.

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The data center power market share from the services segment is slated to register commendable growth by 2032. With the rapid advancement in technology, the reliance on IT infrastructure has surged. It has triggered a shift from individual servers to full-scale data centers to cater to the burgeoning demand for security and scalability. In order to tackle challenges like the high costs associated with this transition, organizations are opting for colocation services. These factors will escalate the delivery of managed power services from third-party data center operators.

The industry revenue from the manufacturing applications is set to reach around USD 2 billion by 2032. There is a rise in the adoption of innovative technologies to reduce errors and improve operational efficiency. Manufacturing companies are increasingly deploying digital solutions, causing high data generation and computational load. These factors will lead to the expansion of data centers and accelerate their energy consumption.

In 2022, the healthcare industry held over 5% revenue share of the data center power market on account of the strong focus on enhancing patient experience and treatment. This sector has been relying on edge or…