Expected to witness some remarkable developments over the coming years, the global data centre power industry is a key component of the digitalisation trend. Data centre power consumption has changed considerably over a relatively short period of time. This can be attributed to the increasing adoption of cloud computing and IoT solutions and the subsequent rise in the number of data centers worldwide.
By 2025, 80% of enterprises will migrate away from on-premises facilities in favor of colocation, cloud, or virtualisation alternatives, according to research by Gartner. Datacenter facilities are among the most energy-intensive building types, utilising up to 50 times the energy per floor space compared to a typical commercial office building. In the U.S. alone, data center spaces constitute around 2% of the country’s electricity usage.
Power consideration is thus an essential element in the designing and efficient functioning of data centres. However, the power that keeps them up and running cannot be an overlooked component. A simple power failure can bring devastative impacts, especially with more and more enterprises turning to cloud and colocation services. A safe and reliable power supply and distribution system are critical to ensure the optimal functioning of a data centre and minimise economic losses.
As per a research report compiled by Global Market Insights, Inc., the global data centre power market size is set to hit an annual valuation of nearly US$15 billion by the end of 2026.
Currently, organisations like ABB Ltd., Black Box Corporation, Cummins, Inc., Caterpillar Inc., Eaton Corporation, Hewlett-Packard Company, Huawei Technologies Co., Ltd., Toshiba Corporation, Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, and Vertiv Group Co. are some of the notable providers of solutions for data centre power requirements.
Data center power consumption to soar substantially through 2026
Data centres, on a global scale, utilise over 416 terawatts of electricity per year,