Market Size of North America Data Center Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Data Center Power Market Analysis
The North America Data Center Power Market is expected to grow at a CAGR of 5.8% from 2021-2026. Further, the market is expected to witness steady growth during the forecast period.
- The rising adoption of IoT and cloud computing technologies in North America will drive the market demand. In 2020, the US market contributed to around 47% of the total investment in the global power market, with South Eastern US leading investments within the US with around 36% of the investment.
- Significant investments by hyperscale data center operators, namely Facebook, Google, Microsoft, and AWS, will grow the adoption of rack-level UPS systems of <=500 kVA capacity, with sizable contribution from edge data center deployments across North America.
- Companies are launching new and unique power solutions and advanced cooling systems to cater to the needs of the modern data center. The adoption of VRLA batteries will continue to dominate the market; however, the penetration of lithium-ion UPS among data center operators is growing YoY.
- Further, Diesel gensets and Li-Ion batteries are competing with UPS systems. The growing number of data centers and the declining UPS prices will result in steady growth for the data center UPS market until 2030.
- Due to the pandemic, 'Online life' emerged as the new normal during the coronavirus pandemic, leaving many businesses to turn to digital platforms to continue their operations remotely. This new shift put more pressure on data centers service and equipment providers to keep up with the much heavier data flow.
