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Data Center Power Market to grow by USD 24.05 Billion from 2025-2029, driven by rising data center investments, AI’s impact on market evolution – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global data center power market size is estimated to grow by USD 24.05 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 10.8%  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 Corp., Caterpillar Inc., Control Technology Co., Cummins Inc., Cyber Power Systems Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp., 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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Data Center Power Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.8%

Market growth 2025-2029

USD 24.05 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.0

Regional analysis

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

Performing market contribution

North America at 29%

Key countries

US, China, Australia, Canada, UK, Japan, France, Germany, India, and South Korea

Key companies profiled

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

Market Driver

Data centers are at the heart of digital transformation, powering cloud computing, IT infrastructure, and web hosting for various industries like IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance. Trends like cloud, advanced systems, and work-from-home models drive the need for more energy-efficient solutions. Modular data centers and PDUs (Power Distribution Units) are gaining popularity due to their scalability and energy conservation. Energy management is crucial with technologies like PUE (Power Usage Effectiveness) monitoring devices, intelligent power strips, and battery monitoring equipment ensuring optimal energy usage. Hyper-scale providers, mega data centers, and medium-sized enterprises invest in reliable power solutions such as UPSs (Uninterruptible Power Supply) and busways. Compatible devices like online double conversion UPSs ensure uninterrupted power supply for IT equipment. Emerging technologies like AI (Artificial Intelligence), robotics, and 5G require high bandwidth and low-latency data transmission, further increasing the demand for DC power solutions. The World Economic Forum predicts that by 2025, 80% of enterprise workloads will be in the cloud. This growth necessitates CAPEX budgets for advanced power solutions. In conclusion, the data center power market is evolving rapidly, driven by digitization, cloud networking, and the increasing reliance on IT infrastructure. Reliability, maintenance, and energy efficiency are key considerations for businesses, making advanced power solutions an essential investment. 

High-Performance Computing (HPC) systems are clusters of processors, ranging from 16 to 64 nodes, designed to deliver superior computing performance. These systems utilize advanced algorithms, networks, and simulated environments for enhanced computer capabilities. HPC systems are primarily used in scientific and engineering applications, such as physical simulations, weather forecasting, quantum mechanics, and molecular modeling. The performance of HPC systems is measured in Floating-Point Operations Per Second (FLOPS), surpassing the capabilities of general-purpose computers. HPC systems efficiently solve complex problems and perform intricate operations, significantly reducing the time required for solutions. 

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 Market Challenges

•         Data centers rely on Uninterruptible Power Supply (UPS) systems for power backup during outages. These systems are an essential component of data center infrastructure, ensuring uninterrupted power to servers and other critical equipment. However, UPS systems and their batteries can sometimes fail, leading to costly downtime for data center operators and their customers. The batteries, which typically have a lifespan of ten years, are the most common cause of UPS failures. Failures can result in significant losses, with data center operators facing costs of USD1USD5 million per hour during downtime. These failures can also cause damage to servers and other equipment. Regular maintenance and timely replacement of batteries are crucial to prevent such incidents and minimize downtime.

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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 critical IT infrastructure. Generators serve as backup power supplies during power outages. Enterprises should consider the backup time and power requirements when selecting a generator. Generators are classified into gas, diesel, and bi-fuel types based on fuel source. Diesel generators are commonly used due to their availability and cost-effectiveness. However, gas generators offer lower operating costs in the long run. A UPS system can provide power during short outages, but generators are ideal for extended backup periods. Market growth is driven by the increasing adoption of data centers and the need for uninterrupted power supply. Companies are also launching UPS systems with extended backup times, making them a cost-effective alternative to generators for some applications. This trend is expected to impact the market dynamics during the forecast period.

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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 and computational power. The shift towards work-from-home models and the rise of medium-sized enterprises (MSEs) in various sectors including IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance, are driving the demand for data center power solutions. Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems are key products in the market, providing reliable power to IT equipment and ensuring energy conservation. Intelligent power strips and battery monitoring devices enable efficient energy management and PUE monitoring. Advanced technologies like busways and energy storage solutions with battery monitoring equipment are gaining popularity for their ability to provide power to large-scale data centers, including mega data centers and hyper-scale facilities, while being compatible with various end-uses. Initial investment in these power solutions can be high, but the long-term benefits of energy efficiency, reliability, and scalability make them a worthwhile investment for businesses of all sizes.

Market Research Overview

The Data Center Power Market is witnessing significant growth due to the increasing demand for cloud computing, data storage, and IT infrastructure in various industries such as IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance. Advanced systems like modular data centers and work-from-home models are gaining popularity for their energy efficiency and scalability. Power Distribution Units (PDUs) and Uninterruptible Power Supply (UPS) systems are essential components of data centers, ensuring reliable power supply and protection against power outages. Energy conservation is a key focus area, with PUE monitoring devices, intelligent power strips, and battery monitoring equipment helping to optimize energy usage. DC power solutions, including busways, are also gaining traction due to their compatibility with advanced technologies like cloud computing, computational power, and Al (Artificial Intelligence), robotics, and 5G. The initial investment in data centers can be high, but the long-term benefits in terms of reliability, maintenance, digitization, cloud networking, and low-latency data transmission make it a worthwhile investment for medium-sized enterprises, colocation data centers, mega data centers, and hyper-scale providers alike. The World Economic Forum estimates that the data center power market will continue to grow, driven by the increasing demand for high bandwidth and online double conversion technologies.

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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DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

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GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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SOURCE DEKRA Asia Pacific

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BLUETTI Showcases Integrated PAYGO Energy Solution at Canton Fair, Expanding Partnership Opportunities in Africa

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GUANGZHOU, China, April 20, 2026 /PRNewswire/ — From April 15-19, 2026, at the 139th Canton Fair, clean energy innovator BLUETTI presented an integrated Pay-As-You-Go (PAYGO) solution that combines digital distribution tools with off-grid energy products, as the company expands its presence in emerging markets, particularly across Africa.

The solution brings together BLUETTI’s proprietary BLUETTI GO platform and a range of PAYGO-enabled solar home systems, reflecting a broader shift in the industry from standalone hardware sales to more structured distribution and financing models.

PAYGO has gained traction in regions where upfront costs remain a key barrier to energy access. By enabling installment-based payments and remote device management, the model allows consumers to access electricity services with lower initial investment, while offering distributors greater visibility into repayment and asset performance.

BLUETTI GO serves as a centralized platform for distributors, integrating sales tracking, inventory control, credit profiling, payment overdue tracking, risk monitoring, and operational analysis. These features are designed to help partners operate more efficiently and support long-term business planning in PAYGO-driven markets.

The company’s product lineup includes entry-level solar home systems such as the P80(battery capacity 76.8Wh), to African Star (battery capacity 1728Wh), designed for basic electricity needs, as well as the higher-capacity Home Star (battery capacity 2kWh-5kWh) series for off-grid household energy storage. These systems can be deployed independently or bundled with appliances such as televisions, fans, and lighting equipment.

As demand for decentralized energy solutions grows across Africa, supported by both public and private investment in renewable infrastructure, PAYGO models are playing a larger role in bridging the gap between energy access and affordability. 

Driven by product breakthroughs and innovative business practices, BLUETTI has been enlarging its footprint in the region in recent years. The company operates across more than 40 African countries, supported by local teams and pilot programs, including a Nigerian initiative launched in 2020 that has expanded into a network of branded retail outlets.

About BLUETTI

Founded in 2013, BLUETTI is a leading global provider of energy storage solutions, specializing in home solar batteries, portable power stations, and solar generators. Through initiatives like the LAAF (Lighting Africa Affordable Financing program), BLUETTI aims to power 1 million African families in off-grid areas. Today, it serves over 3.5 million users in 140+ countries and regions. Learn more: https://bluetti.com/

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Moomoo Pioneers the Era of Agentic Investing with Launch of Moomoo API Skills

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The first AI-powered API Skills that turn trading ideas into execution — no coding required

KUALA LUMPUR, Malaysia and SINGAPORE, April 15, 2026 /PRNewswire/ — Moomoo today announced the launch of Moomoo API Skills, its AI-powered capability that enables investors to execute sophisticated trading strategies using natural language — marking a major leap in making institutional-grade tools accessible to all.

This breakthrough positions Moomoo at the forefront of a new era of investing, where anyone with an idea can turn it into action — without writing a single line of code.

A First-of-Its-Kind Breakthrough in Investor Accessibility

For years, advanced trading capabilities such as algorithmic strategies, real-time automation, and multi-market data access have long been limited to professional traders.

Moomoo API Skills removes this barrier.

Investors can now describe their strategy in plain language, from technical signals to execution conditions, and have it translated into live or simulated trades instantly.

“This is the first time Wall Street-level trading capability is made truly accessible through everyday language,” said Robin Xu, Group Senior Partner & Senior Vice President, Futu Holdings. “We are not just simplifying trading tools — we are redefining who gets to use them.”

From Tools to Trading Assistants

Moomoo API Skills introduces a new paradigm of agentic investing, where AI acts as an execution partner rather than a passive tool.

Instead of navigating complex systems, investors can:

Describe their strategyLet AI translate it into execution logicMonitor and respond to markets in real time

This effectively creates an always on trading assistant, enabling faster and more structured decision making.

Institutional Capabilities Made Accessible

Built on Moomoo’s Open API ecosystem, the capability provides:

Zero code strategy executionGlobal market access across US, Singapore, Hong Kong SAR, Japan, and moreReal time monitoring and automated triggers

At the same time, Moomoo maintains strong control and security through its local-first architecture powered by Moomoo OpenD, where:

Data remains on the user’s local environmentExecution requires user confirmationExposure to third party risks is reduced

Closing the Execution Gap

Today’s investors are not short of information, but often face challenges in executing consistently and efficiently. Moomoo API Skills is designed to close this gap by simplifying how strategies are expressed and carried through. It also strengthens Moomoo’s ecosystem, including Moo Academy, MooveNetwork and the Option Playbook, enabling a seamless journey from learning to execution.

“The challenge today is no longer access to information, but the ability to act on it effectively,” said Xu.
“Moomoo API Skills helps investors translate intent into structured action while keeping them fully in control.”

Pioneering the Next Phase of Investing

The launch reflects a broader shift in investing, from tool based platforms to intent driven systems. With Moomoo API Skills, investors can define what they want to achieve, while intelligent systems handle how it is executed. This creates a more direct and structured path from idea to action, allowing investors to focus on strategy rather than operational complexity.

“We believe the next phase of investing is agentic — where investors define their intent and intelligent systems help carry out strategies. With Moomoo API Skills, investors can turn their ideas into structured strategies that can be tested and executed seamlessly within a single environment. Our focus is on enabling this in a way that enhances decision-making while keeping investors fully in control, bringing a more intuitive and accessible approach to strategy-driven investing,” said Xu.

About Moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, Moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, Moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, Moomoo is trusted by more than 29 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit Moomoo’s official website at www.moomoo.com

Disclaimers

The contents herein do not constitute an offer, solicitation or recommendation to invest in any capital market products. Investors should understand the risks involved in relation to the products and services, conduct their own risk assessment and seek professional advice, where necessary. Investors should compare and consider the fee, charges and costs involved. Past performance is not indicative of future performance.

This document has not been reviewed by the Securities Commission Malaysia. Please refer to the Advertisement Disclaimer on our website.

Investments in capital market products involve risk. Full disclaimers at www.moomoo.com/sg/support/topic5_510. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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