The global Data Center Power Market is estimated to account for US$ 21298.9 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 41126.1 during the forecasted period (2022-2030).
Asia Pacific held a dominant position in the global data center power market in 2021, accounting for a 38.3% share in terms of value, followed by North America and Europe.
Figure 1: Global Data Center Power Market Share (%), By Region, 2021
Asia Pacific Data Center Power Market is expected to witness a high CAGR over the forecast period.
Asia Pacific is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to the rising adoption of cloud computing and IoT
Figure 2: Global Data Center Power Market (US$ Mn) Analysis and Forecast, 2017 – 2030
The Global Data Center Power Market was valued at US$ 21298.9 Mn in 2021 and is expected to reach US$ 41126.1 Mn by 2030, growing at a CAGR of 7.8% between 2022 and 2030.
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