Data Center Power Generators Market Projection, Technological Innovation And Emerging Trends 2030
The data center power generators market valued $5,097.1 million in 2021, which will grow with a CAGR of 5.9% from 2021 to 2030. At this rate, it is expected to reach $8,572.6 million by the year 2030. The increasing demand for customized generators is the major factor leading to the market growth. Moreover, the growing production of data that large organizations need to store, manage, and analyze is resulting in the rise in the fabrication of new data centers. The launch 5G networks and increasing adoption of IoT are also elevating the market growth.
Large data centers require power reliability due to their expansive infrastructure. It becomes crucial to have power backup equipment in order to protect critical equipment from power failures and surges. Large data centers demand efficient solutions for power monitoring and management for their servers, security systems, networking devices, and HVAC equipment. Enterprises that use cloud computing extensively require generators in data centers as a necessity. Thus, the rising count of hyper-scale facilities drives the use of DRUPS systems.
Get More Insights : Data Center Power Generators Market Growth, Development and Demand Forecast Report 2030
The highest growth rate in the data center power generators market will be witnessed by 0–1.5-MW-power-capacity generators, ascribed to their growing adoption in small-scale data centers, considering their cost-effectiveness. Moreover, a large number of data storage and management facilities requiring a power supply of <5 MW are being constructed to keep operational costs to the minimum. Thus, with most of the data centers in developing countries being developed with a lower power requirement in mind, the sale of these variants will keep rising.
North America held a significant data center power generators market share, of 39%, in 2021. It was due to the proliferation of public cloud and hybrid cloud services. Cloud data center developers and colocation and telecommunication service providers are the major contributors to generator sales. Big players in the market, such as Caterpillar Inc., Generac Holdings Inc., and Cummins Inc., are also present in the region, as are major IT firms, such as Facebook, Amazon, Microsoft, IBM, and Accenture.
Thus, the increase in the internet usage is leading to the expansion of the market, with the growing migration from server rooms to the cloud.
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