Connect with us

Technology

Data Center Power Market Emerges as a High-Growth Infrastructure Investment Opportunity with 15.7% CAGR Forecast Through 2033: Grand View Research

Published

on

Global Data Center Power Market Offers Attractive Growth Prospects as Enterprises Accelerate Investments in AI-Ready Facilities, AI Infrastructure Boom Unlocks New Investment Opportunities in Data Center Power Market to be USD 71.8 billion by 2033

SAN FRANCISCO, June 23, 2026 /PRNewswire/ — The global data center power market is projected to witness significant expansion, reaching USD 71.8 billion by 2033, according to a new report by Grand View Research, Inc. The market was valued at USD 22.8 billion in 2025 and is expected to grow from USD 25.8 billion in 2026 at a compound annual growth rate (CAGR) of 15.7% from 2026 to 2033.

The increasing deployment of hyperscale data centers, rapid adoption of cloud computing platforms, growing enterprise digital transformation initiatives, and accelerating demand from artificial intelligence (AI), machine learning (ML), and high-performance computing (HPC) applications are driving the need for advanced power infrastructure capable of supporting higher-density workloads and uninterrupted operations.

Data Center Power Market Report Highlights

According to Grand View Research, the global data center power market is segmented based on component, solution, service, end use, and region.

Key market segments include:

Component: Solution and ServicesSolution: Power Distribution Units (PDU), Uninterruptible Power Supply (UPS), Busway, and OthersServices: Design & Consulting, Integration & Deployment, Support & MaintenanceEnd Use: IT & Telecommunications, BFSI, Government, Energy, Healthcare, Retail, and OthersRegions Covered: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

The continued evolution of cloud computing, AI applications, and digital infrastructure is expected to maintain strong momentum for the data center power industry through 2033.

Rising AI and Cloud Infrastructure Investments Accelerate Demand for Advanced Data Center Power Solutions

The rapid growth of data-intensive applications has transformed the requirements of modern data centers. AI-driven workloads, generative AI platforms, large-scale analytics, and cloud-based services require high-performance computing environments supported by reliable, scalable, and energy-efficient power systems.

As organizations continue migrating workloads to cloud platforms and expanding digital services, data center operators are investing in sophisticated power architectures, including uninterruptible power supply (UPS) systems, power distribution units (PDUs), busway solutions, backup power systems, and intelligent monitoring technologies.

The expansion of hyperscale and colocation facilities, along with the growing adoption of edge data centers to support low-latency applications, is creating sustained demand for flexible and resilient power infrastructure.

Get Free Sample of this research report for more insights

Solution Segment Leads Market Growth with Increasing Adoption of Power Infrastructure Technologies

Based on components, the solution segment dominated the data center power market, accounting for the largest revenue share of 72.2% in 2025. The segment’s growth is supported by increasing demand for advanced power management solutions that enable efficient energy distribution, improved reliability, and optimized operational performance.

The rising complexity of modern data center environments has increased the adoption of intelligent power systems designed to manage higher rack densities and fluctuating energy requirements. Advanced UPS systems, intelligent PDUs, and modular power distribution solutions are becoming essential components of next-generation data center architectures.

The services segment is also expected to experience strong growth during the forecast period as operators increasingly require specialized expertise for system design, deployment, integration, optimization, and maintenance of complex power ecosystems.

UPS Segment Dominates as Data Centers Prioritize Reliability and Continuous Availability

Within the solution category, the UPS segment accounted for the largest revenue share in 2025. The increasing focus on maintaining uninterrupted operations is a major factor supporting UPS adoption across data center facilities.

Data centers support mission-critical applications where even short power disruptions can impact service availability, operational continuity, and customer experience. As enterprises increasingly depend on cloud services, AI platforms, and digital infrastructure, reliable backup power solutions have become a strategic priority.

Meanwhile, the busway segment is expected to grow significantly during the forecast period due to its modular design, flexibility, and ability to support changing power requirements in rapidly evolving data center environments.

BFSI Sector Leads End-Use Adoption Due to Critical Data Protection Requirements

By end use, the BFSI segment dominated the data center power industry in 2025. Financial institutions require highly reliable infrastructure to support continuous transaction processing, secure data storage, regulatory compliance, and real-time digital services.

The growing dependence on online banking, digital payments, and financial technology platforms is increasing the need for resilient data center environments supported by efficient power systems.

The IT and telecommunications segment is also expected to witness significant growth as 5G networks, edge computing, and connected technologies continue expanding globally. Distributed edge infrastructure requires scalable power solutions capable of supporting localized processing and low-latency applications.

North America Maintains Market Leadership While Asia Pacific Shows Strong Growth Potential

North America dominated the global data center power market, accounting for a revenue share of 38.0% in 2025. The region’s leadership is attributed to large-scale investments in data center modernization, cloud infrastructure expansion, and the increasing deployment of AI-driven computing environments.

The United States represented the largest country-level market share in 2025, supported by the presence of major technology companies, hyperscale data center operators, and growing investments in advanced digital infrastructure.

Asia Pacific is expected to register the fastest growth rate during the forecast period, driven by increasing internet adoption, expanding cloud ecosystems, enterprise digitization, and growing investments in data center development across emerging economies.

Explore related data center 2026 research reports

Growing Focus on Energy Efficiency and Sustainable Data Center Operations

Energy efficiency has become a critical consideration for data center operators worldwide. As facilities increase in size and computing intensity, companies are adopting advanced power management strategies to improve efficiency and reduce operational costs.

Modern data center power solutions are increasingly integrated with intelligent monitoring platforms, automation technologies, and energy optimization systems. These advancements enable operators to improve power utilization, enhance reliability, and support sustainability objectives.

The increasing emphasis on reducing environmental impact while maintaining high availability is expected to create additional opportunities for innovative power infrastructure providers.

Competitive Landscape and Strategic Industry Developments

Key companies operating in the global data center power market include Vertiv Group Corp., Schneider Electric, ABB, Eaton, and GE Vernova. These companies are focusing on product innovation, strategic partnerships, acquisitions, and technology development to strengthen their market positions.

Industry participants are increasingly developing solutions designed for high-density computing environments, AI infrastructure requirements, modular data center deployments, and energy-efficient operations.

To learn more about growth opportunities in the Data Center Power Market, access the full report from Grand View Research

About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Browse Investment Insights by Grand View Research – a dedicated, scalable fundamental research platform designed to function as a seamless extension of investment teams across the buy-side and sell-side ecosystem.

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter
Blog – https://globalindustryherald.com/

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/data-center-power-market-emerges-as-a-high-growth-infrastructure-investment-opportunity-with-15-7-cagr-forecast-through-2033-grand-view-research-302807855.html

Continue Reading

Technology

Southwire Shares Fourth Annual Inclusion Report, Showcasing Inclusion in Action

Published

on

By

CARROLLTON, Ga., Sept. 8, 2026 /PRNewswire/ — Our Future Is Powered by Inclusion.

At Southwire, inclusion is more than a commitment. It is one of our core values and a key part of how we build worth for our team members, customers, communities and shareholders.

We’re proud to share our 2025 Inclusion Report, highlighting the progress we’ve made in advancing an inclusive culture and strengthening our impact across six key focus areas: People Leaders, Inclusive Workforce, Employee Resource Groups, Reputation and Community, Equity and Governance, and Value and Supply Chain.

Last year, our Inclusion Employee Net Promoter Score (eNPS) reached 70, an increase of 17 points since 2021. We also invested $1 million in inclusion-focused initiatives, contributed more than 4,800 volunteer hours in support of nonprofit organizations, and spent $890 million with small and certified-owned suppliers.

From bringing together more than 2,000 team members at Include Summit to earning recognition as one of the World’s Most Ethical Companies® and one of America’s Greatest Workplaces for Inclusion, we continue to create opportunities for people to contribute, grow and lead.

As we look ahead, our focus remains clear: embedding inclusion into how we lead, operate and grow. When every team member is empowered to contribute, we create stronger ideas, better decisions and greater value for all our stakeholders.

We invite you to explore the full Inclusion Report to learn more about the people, programs and partnerships helping power our future.

Please also visit our social media channels and Inclusion website to help us share our story.

Together, we will continue Building Worth for generations to come.

For more Southwire news, visit www.southwire.com/newsroom.

About Southwire
Southwire Company, LLC is North America’s leading wire and cable company. The $9.7B organization is made up of more than 9,000 team members across the globe who unite as ONE Southwire each and every day to serve each other, their customers and their communities. Southwire and its subsidiaries provide solutions including building wire and cable, metal-clad cable, utility products, portable and electronic cord products and OEM wire products. In addition, Southwire offers electrical products, engineered solutions and a variety of field support services. For more on Southwire’s products and solutions, its community involvement and its vision of sustainability, visit www.southwire.com.

© 2026 Southwire Company, LLC. All Rights Reserved.

Contact: Ashley Bush
Senior Director, Communications
Phone: (678) 684-7634
ashley.bush@southwire.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/southwire-shares-fourth-annual-inclusion-report-showcasing-inclusion-in-action-302872756.html

SOURCE Southwire

Continue Reading

Technology

ZAGENO Earns Frost & Sullivan’s 2026 North American Life Sciences E‑Commerce Company of the Year Recognition

Published

on

By

Honored for transforming life sciences procurement through digital innovation, automation, and a customer-first platform

SAN ANTONIO, Sept. 8, 2026 /PRNewswire/ — Frost & Sullivan has recognized ZAGENO with its 2026 North America Life Sciences E-Commerce Company of the Year Recognition for helping transform life sciences e-commerce beyond traditional online purchasing into a unified procurement orchestration platform. By serving as a single entry point into scientific procurement, ZAGENO enables scientists, procurement teams, suppliers, and enterprise systems to operate within one connected workflow—reducing procurement friction while improving governance, visibility, and operational efficiency across research organizations.

As life sciences organizations embrace increasingly digital, automated, and globally distributed research operations, procurement has become a strategic function requiring greater visibility, governance, and integration. Rather than navigating fragmented supplier portals, distributor systems, and punch-out catalogs, organizations increasingly need a single platform that orchestrates the entire procurement lifecycle. ZAGENO delivers that capability by unifying sourcing, ordering, approvals, supplier management, spend visibility, tracking, and payment into one governed workflow.

Founded in 2015 and headquartered in Cambridge, Massachusetts, ZAGENO has built one of the industry’s largest procurement ecosystems, providing access to more than 50 million laboratory products from over 5,000 suppliers. Serving as a single entry point into scientific procurement, the platform centralizes sourcing, ordering, approvals, tracking, and payment while integrating directly with Enterprise Resource Planning (ERP), Procure-to-Pay (P2P), and accounting platforms such as SAP, Coupa, and Oracle NetSuite. Researchers can search by product name, Chemical Abstracts Service (CAS) number, or chemical structure, compare pricing, availability, and delivery timelines in real time, and consolidate purchases from multiple suppliers into a single purchase order and invoice. At the same time, procurement teams maintain governance, supplier oversight, and spend visibility through configurable approval workflows operating seamlessly in the background.

“ZAGENO continues to redefine digital procurement by extending life sciences e-commerce beyond an online marketplace into a procurement orchestration platform,” said Ana Dominguez, Best Practices Research Analyst at Frost & Sullivan. “Its ability to unify supplier networks, enterprise systems, governance, and intelligent automation within a single workflow helps reduce procurement friction while enabling researchers and procurement teams to operate more efficiently. Investments such as the company’s expanded engineering hub in Bangalore have further accelerated innovation and enabled faster delivery of customer-driven enhancements aligned with evolving research needs.”

The platform reduces longstanding procurement inefficiencies by orchestrating suppliers, enterprise systems, and purchasing workflows through a single interface. Scientists save an average of 6.5 hours per week sourcing and ordering laboratory materials, while procurement teams benefit from configurable approval workflows, supplier governance, real-time spend visibility, automated three-way matching, and streamlined reconciliation that can reduce invoice processing time by as much as 40%. Together, these capabilities improve compliance, increase operational efficiency, and enable researchers to spend more time focused on scientific discovery.

ZAGENO continues to advance AI-powered capabilities that improve search precision, surface supplier and fulfillment insights, automate repetitive procurement tasks, and support smarter purchasing decisions across the procurement lifecycle. Combined with one of the industry’s largest supplier ecosystems, deep enterprise integrations, and a customer-driven innovation model, these capabilities position ZAGENO as a trusted procurement infrastructure partner helping life sciences organizations navigate increasingly complex research environments.

“We’re honored to receive this recognition from Frost & Sullivan. As research organizations become more connected and more complex, procurement has evolved far beyond purchasing. Our vision has always been to simplify that complexity by bringing scientists, procurement teams, suppliers, and enterprise systems together through a single procurement orchestration platform. We’re proud to see that vision recognized, and even more excited about what’s ahead for our customers,” said Florian Wegener, CEO & Co-Founder, at ZAGENO.

Each year, Frost & Sullivan honors one company with its Company of the Year Recognition, awarded to organizations that demonstrate exceptional growth, innovation, and customer value. The selection process includes rigorous research, competitive benchmarking, and in-depth industry analysis.
Frost & Sullivan’s Best Practices Awards recognize companies worldwide for excellence in leadership, technology innovation, customer service, and strategic execution—highlighting those that are shaping the future of their industries.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +91- 9953764546
E: Lindsey.Whitaker@frost.com

About ZAGENO

ZAGENO is the procurement orchestration platform for life sciences, connecting scientists, procurement teams, suppliers, and enterprise systems through a single, governed workflow. With access to more than 50 million laboratory products from over 5,000 suppliers, ZAGENO helps research organizations simplify procurement and accelerate discovery. Talk to the ZAGENO team to learn more: https://go.zageno.com/request-a-demo.

Contact:
Ivana Visnjic-Lynch
P: +1 508 524 5206
E: ivana.visnjic-lynch@zageno.com

View original content:https://www.prnewswire.com/news-releases/zageno-earns-frost–sullivans-2026-north-american-life-sciences-ecommerce-company-of-the-year-recognition-302872724.html

SOURCE Frost & Sullivan

Continue Reading

Technology

Shutterstock Appoints Three Accomplished Business Leaders to Board of Directors

Published

on

By

Timothy Adams, Matthew Salzberg, and Michael Thompson bring extensive financial, operational, investment, and technology expertise to Shutterstock’s Board

NEW YORK, Sept. 8, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced the appointment of Timothy Adams, Matthew Salzberg, and Michael Thompson to its Board of Directors.

The appointments add three accomplished executives and investors with deep experience across technology and emerging markets, investment and capital allocation, building and scaling businesses, and public-company finance and governance. Their collective expertise further strengthens the Board as Shutterstock remains focused on creating long-term value for the Company and its shareholders.

“The caliber of leaders joining our Board speaks to both the strength of Shutterstock and the opportunity ahead,” said Jon Oringer, Executive Chairman of the Board at Shutterstock. “Tim, Matt, and Michael have each built impressive careers leading, investing in and advising companies through periods of growth and transformation. They bring deep financial, operational, governance, and technology expertise, along with the independent perspective that comes from having successfully navigated complex business environments. We are thrilled they have chosen to bring that experience to Shutterstock.”

Timothy Adams is a seasoned financial executive and board director with more than 20 years of leadership experience across public and private technology companies. He currently serves as Chief Financial Officer of Validity Inc. and previously served as Chief Financial Officer of Rapid7, Inc., and BitSight Technologies, Inc. Adams also served on the Board of Directors of Model N, where he chaired the Audit Committee. Throughout his career, he has led and advised on IPOs, M&A transactions, capital raises, and strategic financings, bringing extensive experience in public-company governance, financial discipline, and investor relations. He holds a B.S. in Accounting from Murray State University, and an M.B.A. from Boston University.

Matthew Salzberg is a CEO, investor, and founder with extensive experience building, scaling, and transforming technology-enabled businesses. He is co-founder and Chairman of Unlimited, an alternative investment manager, and co-founder of Embark Veterinary and Coldcart. Salzberg founded Blue Apron in 2011 and served as CEO for its first six years, growing the company from an idea into a nationally recognized consumer brand with approximately $910 million in annual revenue and more than 5,000 employees. He led Blue Apron’s 2017 initial public offering and later served as Chairman of its Board. Salzberg also founded venture capital firm Material, and previously served as CEO of Ambr Group. He holds an A.B. in Economics, summa cum laude, from Harvard College, and an M.B.A. from Harvard Business School.

Michael Thompson has served as Managing Partner of Reinvent Capital, a private investment fund focused on technology companies, since 2017. Previously, he founded and served as Managing Partner of BHR Capital, a New York-based hedge fund. Thompson has invested in and advised numerous innovative technology companies throughout his career, with particular experience across aerospace, advanced energy, emerging technologies, and AI applications in the physical world. He currently serves on the Boards of Directors of Joby Aviation, Oklo Inc. and American Banknote Corporation, and is an advisor to Xona Space Systems. Thompson holds a Bachelor of Business Administration in International Finance from the Honors Program at the University of Georgia.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-appoints-three-accomplished-business-leaders-to-board-of-directors-302872650.html

SOURCE Shutterstock, Inc.

Continue Reading

Trending