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Data Center Power Market size is set to grow by USD 22.85 billion from 2024-2028, Increasing investments in data centers to boost the market growth, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global data center power market  size is estimated to grow by USD 22.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.25% during the forecast period. Increasing investments in data centers is driving market growth, with a trend towards increasing investments in hpc systems. However, ups battery failure  poses a challenge. Key market players include ABB Ltd., Active Power Solutions Ltd., AEG Power Solutions BV, Black Box Ltd., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Exide Technologies, Generac Holdings Inc., Legrand SA, Panduit Corp., Rolls Royce Holdings Plc, Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Generators, Transformers, UPS, Transfer switches and switchgears, and Others), End-user (IT and telecom, BFSI, Energy, Healthcare, and Retail), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., Active Power Solutions Ltd., AEG Power Solutions BV, Black Box Ltd., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Exide Technologies, Generac Holdings Inc., Legrand SA, Panduit Corp., Rolls Royce Holdings Plc, Schneider Electric SE, Siemens AG, Toshiba Corp., and Vertiv Holdings Co.

Key Market Trends Fueling Growth

High-Performance Computing (HPC) systems deliver superior computing performance for scientific and engineering applications. These systems consist of clusters of processors with 16-64 nodes, utilizing algorithms, networks, and simulated environments. HPC systems are essential for complex operations, such as physical simulations, weather forecasting, quantum mechanics, and molecular modeling. The global HPC market is growing due to the need for product innovation and economic competitiveness. Cloud-based HPC systems are increasingly popular among Small and Medium Enterprises (SMEs) due to their low initial investment requirements. HPC systems require highly configured servers and data centers to handle compute-intensive workloads efficiently. With the increasing adoption of HPC, there is a growing demand for data centers. Data center operators must ensure uninterrupted power supply to these centers to meet the demands of HPC vendors. Consequently, the demand for data center power components is expected to rise during the forecast period. 

Data centers are essential for businesses in various sectors, including IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance, to store and process their digital data. With the rise of cloud computing and work-from-home models, the demand for data centers is increasing. Advanced systems like modular data centers and energy-efficient technologies are trending, focusing on energy conservation and reducing Power Usage Effectiveness (PUE). Cloud computing and web hosting require massive computational power, leading to the growth of mega data centers. Medium-sized enterprises and colocation data centers also benefit from energy-efficient Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems. Compatible devices like intelligent power strips, battery monitoring equipment, and PDU and UPS technologies ensure reliability and maintenance. Energy conservation is crucial, with PUE monitoring devices and battery monitoring devices helping to optimize energy usage. The integration of 5G and cloud networking in edge use cases further expands the data center market. Initial investment in compatible products can save costs in the long run and ensure business continuity. 

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Market Challenges

Data centers rely on Uninterruptible Power Supply (UPS) systems for power backup, but their batteries, which have an average lifespan of ten years, can sometimes fail due to aging or other factors. These failures can lead to significant losses for data center operators, costing USD1–USD5 million per hour during downtime. Factors such as inconsistent temperatures and overcharging can reduce battery life and lead to quick capacity rundowns. UPS battery failures account for over half of data center outages. As these components age, their use is expected to decline, potentially hindering the growth of the global data center power market during the forecast period.Data Center Power Market: Medium-sized enterprises face unique challenges in powering their IT infrastructure, especially when it comes to web hosting cloud and colocation data centers. Mega data centers and hyper-scale providers, with their vast power requirements, dominate the market. PDUs (Power Distribution Units) and UPSs (Uninterruptible Power Supply) are essential products for ensuring reliability. Colocation and IT & telecommunications sectors, along with government, healthcare, retail, banking, financial services, and insurance, rely on compatible DC power solutions. Initial investment in power infrastructure can be high, but the benefits of reliability and maintenance outweigh the costs. Digitization, cloud networking, 5G, edge use cases, high bandwidth, and low-latency data transmission require advanced DC power solutions. Hyper-scale providers prioritize modularity and storage capacity. The World Economic Forum highlights the importance of DC power solutions in the age of Al (Artificial Intelligence), robotics, and CAPEX budget optimization. IT equipment and data storage facilities demand online double conversion for uninterrupted power supply. PDUs, UPSs, busways, and compatible devices are essential for end-uses. Compatibility, reliability, and maintenance are key concerns. The market for DC power solutions continues to evolve, driven by the growing demand for high-performance, low-latency power infrastructure.

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Segment Overview 

This data center power market report extensively covers market segmentation by

Product 1.1 Generators1.2 Transformers1.3 UPS1.4 Transfer switches and switchgears1.5 OthersEnd-user 2.1 IT and telecom2.2 BFSI2.3 Energy2.4 Healthcare2.5 RetailGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Generators-  Data centers require a reliable power source to ensure uninterrupted operation of IT equipment. Generators serve as backup power supplies when the primary power fails. Enterprises must understand their data center’s power system architecture before installing a generator. Generators are classified into gas, diesel, and bi-fuel based on fuel source. Enterprises can choose based on fuel preference to minimize generator operating costs. A UPS system can provide power during short power outages, but generators are ideal for extended backup periods. Market growth is driven by advancements in UPS technology offering longer backup times, making them cost-effective alternatives to generators.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global data center market is booming, driven by increased demand for data storage and processing. In parallel, the global data center mechanical construction sector is evolving, with innovative cooling and HVAC systems becoming crucial for efficiency and reliability. With rising data consumption and technological advancements, investments in mechanical construction and power solutions are key to supporting the growth and sustainability of data centers worldwide.

Research Analysis

The Data Center Power Market is witnessing significant growth due to the increasing adoption of advanced systems such as modular data centers and technologies like cloud computing, computational power, and colocation. The shift towards work-from-home models and the need for energy conservation have further fueled the demand for efficient power distribution solutions. Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems are essential components of data centers, ensuring uninterrupted power supply and protecting equipment from power surges and outages. Battery monitoring equipment and PUE monitoring devices are crucial for optimizing energy usage and reducing costs. Intelligent power strips and busways provide advanced power management capabilities, enabling medium-sized enterprises and large organizations to manage their power needs effectively. End-users in IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance sectors are increasingly investing in compatible products to support their growing computational power requirements. Mega data centers and hyper-scale facilities, in particular, demand large-scale power solutions, including PDUs and UPSs, to ensure reliable and efficient power distribution.

Market Research Overview

The Data Center Power Market is experiencing significant growth due to the increasing demand for cloud computing, data storage, and advanced systems. Energy efficiency is a top priority, with technologies such as Power Distribution Units (PDUs), Uninterruptible Power Supply (UPS) systems, and battery monitoring equipment playing crucial roles. Modular data centers and work-from-home models are also driving market expansion. Energy conservation and PUE monitoring devices are essential for reducing energy consumption and improving reliability. Intelligent power strips and battery monitoring devices are key products for optimizing power usage. End-users in IT & telecommunications, government, healthcare, retail, banking, financial services, insurance, and other sectors are investing in data centers for their IT infrastructure and digital transformation. Technologies like cloud computing, computational power, and DC power solutions are transforming the industry. Hyper-scale providers and mega data centers are leading the way, while medium-sized enterprises and colocation data centers are also adopting advanced systems. The market is expected to continue growing, with a focus on modularity, storage capacity, and compatibility with various devices and end-uses. The World Economic Forum highlights the importance of energy management and digitization in the data center sector. CAPEX budgets for IT equipment and online double conversion are significant factors influencing market trends. The integration of AI, robotics, 5G, cloud networking, and edge use cases is also shaping the future of the Data Center Power Market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductGeneratorsTransformersUPSTransfer Switches And SwitchgearsOthersEnd-userIT And TelecomBFSIEnergyHealthcareRetailGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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GEEKOM Launches A5 2027 Edition Mini PC, Built for Productivity That Lasts

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September 7, 2026

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TAIPEI, Sept. 7, 2026 /PRNewswire/ — GEEKOM, a leading global Mini PC brand, is redefining the productivity Mini PC with the launch of the A5 2027 Edition. Designed for all-day productivity, the new A5 combines dependable performance, long-term reliability and flexible expansion in a compact form.

Powered by the 8-core, 16-thread AMD Ryzen™ 7 7730U, the A5 2027 Edition is built for real-world productivity — from running 30+ browser tabs alongside video meetings and large spreadsheets to Photoshop, 2D design and light 4K editing. With up to 64GB of memory, 7TB of storage and four-display support, it gives professionals, creators and small businesses the flexibility to build a workspace around the way they work.

But productivity also depends on how long a PC can be trusted to perform. The A5 2027 Edition uses brand-new SSDs, a reinforced all-metal internal frame and multi-layer motherboard protection, and undergoes 339 validation checks covering durability, aging, thermals and more. Together with flexible memory and storage upgrades, this quality-from-the-inside-out approach gives GEEKOM the confidence to offer a three-year warranty and engineer its PCs for more than five years of service.

Reliability also means being ready when work does not stop. The A5 2027 Edition‘s IceBlast 3.0 cooling system combines a larger silent fan, copper heat pipe and dedicated copper plate to efficiently move heat away from critical components. Better thermal control reduces throttling and long-term heat stress, enabling stable 24/7 operation for offices, retail systems, digital signage and other always-on environments.

The A5 2027 Edition also brings AI into everyday productivity. It can serve as a personal AI assistant for research, writing, content creation and data analysis, while emerging agentic applications can automate more complex, multi-step workflows. With stable, always-on operation, the A5 2027 Edition can keep these AI workflows running in the background when needed — helping users get more done with less hands-on effort.

The A5 2027 Edition brings GEEKOM‘s vision of all-day productivity to life: built to do more, built to keep running and built to last. Best All-Day Productivity Mini PC. Cool・Silent・Stable.

The GEEKOM A5 2027 Edition is available now through GEEKOM‘s official website and Amazon.

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SOURCE GEEKOM

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Real Estate Expert Howard Goldberg Details Coastal Rental and Multifamily Property Ownership in HelloNation

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3 minutes ago

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September 7, 2026

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The article explains how insurance costs, rental rules, maintenance demands, and seasonal changes shape coastal property ownership in South Florida.

FORT LAUDERDALE, Fla., Sept. 7, 2026 /PRNewswire/ — What should buyers know before purchasing a rental property or multifamily property near the beach in South Florida? That question is answered in a HelloNation article featuring expert insights from Howard Goldberg, Real Estate Expert with RE/MAX Consultants Realty 1. The article explores how coastal ownership affects daily routines, responsibilities, and long-term planning.

The article explains that owning rental property near the beach is not only a financial decision, but also a lifestyle commitment. While the scenery and walkability are appealing, owners often face ongoing planning around guests, vendors, weather, and property logistics. Multifamily property introduces additional complexity by increasing the number of tenants and systems that require attention.

One of the first considerations for coastal owners is insurance costs. The article notes that properties close to the ocean usually require flood coverage, wind protection, and higher deductibles. These expenses can rise sharply at renewal and may impact cash flow if not planned for. When multifamily property is involved, one change in policy affects several units, making financial buffers and consistent oversight even more important.

Rental rules also play a major role. The article emphasizes that South Florida cities often have strict requirements related to rental registration, tax accounts, inspections, and short-term rental regulations. In addition, many condo or homeowners associations add further restrictions, including lease minimums, parking limitations, and guest policies. Ignoring rental rules can result in fines or strained relationships with neighbors, making upfront research essential.

The article highlights how maintenance demands increase near the beach. Salt air corrodes materials, humidity stresses systems, and frequent storms challenge the durability of building exteriors. These factors create higher maintenance demands, which can disrupt weekends, stretch budgets, and complicate vendor scheduling, especially when guests are already occupying the property. With multifamily properties, shared infrastructure such as stairways and plumbing stacks can turn small issues into building-wide concerns.

While property management can reduce some of the daily involvement, it does not eliminate the need for owner participation. The article clarifies that owners must still review budgets, approve decisions, and respond quickly in case of emergencies. In South Florida, unexpected weather events or access issues may require urgent attention, regardless of whether a manager is in place.

The article also explores how personal use of a rental property presents challenges. Owners often want to reserve time for themselves, especially during peak seasons. However, holding dates back may reduce income, and using the property personally changes how it’s maintained and perceived. For multifamily properties, reserving one unit while others are booked may create inconsistencies that need clear policies to manage.

Seasonal changes also affect both income and operations. The article explains that winter often brings high demand but fast turnover, while summer may involve slower bookings and the need for more promotion. Owners should plan for vacancy periods, higher utility use, and variable staffing needs. Backup vendors for cleaning and repairs become important, particularly in larger properties with multiple units.

Before purchasing a rental property in South Florida, buyers are encouraged to weigh their time availability and risk tolerance against the demands of ownership. Understanding insurance costs, rental rules, and maintenance demands helps determine whether the lifestyle will feel rewarding or overwhelming.

Owning Rental or Multifamily Property Near the Beach: Lifestyle Considerations in South Florida features insights from Howard Goldberg, Real Estate Expert of Fort Lauderdale, FL, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Hyosung Chairman Cho Hyun-Joon targets U.S. AI power market with 22.9kV SST

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3 minutes ago

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September 7, 2026

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World’s first 22.9kV Solid State Transformer (SST) developed, securing a competitive edge with next-generation technology.Completed local production bases for transformers and breakers in the U.S., cementing its position in the American power equipment market.

SEOUL, South Korea, Sept. 7, 2026 /PRNewswire/ — With the advent of the artificial intelligence (AI) era, optimizing power supply networks has emerged as a critical global challenge. In the United States, the surge in power demand driven by the proliferation of AI and data centers, coupled with the need to replace aging grid infrastructure, is driving large-scale investment in power infrastructure.

Anticipating these transformative shifts in the power market, Hyosung Chairman Hyun-Joon Cho has spearheaded proactive investments to meet the demands of the AI and data center era. These investments are now supporting Hyosung Heavy Industries’ efforts to strengthen its position in the U.S. AI and data center power market.

“Driven by the expansion of AI and data centers, power infrastructure has now become a core industry directly linked to national security,” stated Chairman Cho. “Building on Hyosung Heavy Industries’ U.S. manufacturing facilities and technological prowess, we must establish ourselves as an irreplaceable, essential long-term partner in stabilizing the American power grid.”

Hyosung Heavy Industries plans to accelerate its push into the U.S. AI data center power market by combining next-generation grid technologies with its U.S. manufacturing base and established strengths in power equipment, including ultra-high-voltage transformers and circuit breakers.

Pioneering Next-Generation 22.9kV SST Technology

Hyosung Heavy Industries identified the Solid State Transformer (SST) as an indispensable technology for power transmission and distribution in the AI era, initiating preemptive research and development. In 2022, the company successfully developed the world’s first 22.9kV 1.05MVA-class SST capable of direct connection to urban distribution networks. This milestone secured a competitive advantage in next-generation power conversion technology, strengthening the company’s position as it moves to capture emerging market opportunities.

SST is a next-generation power system that utilizes power semiconductors to precisely control voltage and current while maintaining the insulation functions of conventional transformers. It is considered a field with high technological barriers to entry, demanding sophisticated power control capabilities. According to global market research firms, the global SST market is projected to grow at an average annual rate of more than 40%, supported by the modernization of power infrastructure. The large-capacity SST market for data centers handling high voltages of 22.9kV and above is in its nascent stages, with only a limited number of companies worldwide pursuing commercialization and demonstration projects. With the market still in its early stages, Hyosung Heavy Industries plans to accelerate its efforts to secure an early-mover position based on its advanced technology.

Expanding U.S. Manufacturing and Strategic Partnerships

Hyosung Heavy Industries is continuously expanding its ultra-high-voltage transformer production base. The company has invested a total of USD 300 million in the acquisition and expansion of its ultra-high-voltage transformer manufacturing facility in Memphis, Tennessee. Once the ongoing expansion is completed, the company will secure one of the largest ultra-high-voltage transformer production capacities in the United States.

Furthermore, Hyosung Heavy Industries has established a joint venture with Quanta Services, a leading North American energy infrastructure solutions company, to locally produce 72.5kV to 800kV ultra-high-voltage circuit breakers in Pennsylvania. Through this strategic move, Hyosung becomes the first Korean power equipment manufacturer to secure local production capabilities for both ultra-high-voltage transformers and circuit breakers in the U.S. market.

Quanta has an extensive business presence and customer network across the United States, providing infrastructure solutions for large-scale power demand facilities.

By leveraging Quanta’s industry-leading infrastructure solutions and Hyosung’s world-class technological expertise, the company aims to strengthen its competitive edge. Hyosung Heavy Industries aims to establish itself as a key player in the data center power infrastructure market by integrating its accumulated technological prowess, its robust U.S. local production base, and next-generation power grid technologies such as SST, Energy Storage Systems (ESS), STATCOM, and High Voltage Direct Current (HVDC) systems.

Website: https://www.hyosung.com/en/

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SOURCE HYOSUNG CORPORATION; Hyosung Heavy Industries

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