Offsite Data Center Power Infrastructure Market

Global Offsite Data Center Power Infrastructure Market Size, Share & Trends Analysis Report By Offering (Solutions, and Services), By Vertical, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-24332 Publication Date: September-2024 Number of Pages: 214
2023
USD 10.1 Billion
2031
USD 35.6 Billion
CAGR
17.2%
Historical Data
2020 to 2022

“Global Offsite Data Center Power Infrastructure Market to reach a market value of USD 35.6 Billion by 2031 growing at a CAGR of 17.2%”

Analysis of Market Size & Trends

The Global Offsite Data Center Power Infrastructure Market size is expected to reach $35.6 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.

The Asia Pacific region recorded a strong growth in 2023. This strong growth can be attributed to the rapid expansion of digital economies in countries like China, India, and Japan, where increased internet penetration, cloud adoption, and the rise of e-commerce drive demand for data centers. Also, the Asia Pacific region would acquire nearly 30% of the total market share by 2031.

Offsite Data Center Power Infrastructure Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The shift towards cloud computing and colocation services has become a significant force driving the growth of this power infrastructure. Simultaneously, colocation services are crucial in shaping the offsite data center landscape. Colocation allows businesses to rent physical space, network bandwidth, and power from third-party providers instead of maintaining their data centers. Hence, the growing reliance on cloud computing and colocation services drives the need for larger, more energy-efficient data centers, pushing demand for innovative power infrastructure solutions.

Additionally, the expansion of edge computing is rapidly transforming the data processing and storage landscape, significantly impacting the demand for specialized power infrastructure. This shift towards processing data at the edge has led to the proliferation of smaller, distributed data centers, often called edge data centers. Thus, the rise of edge computing is driving a fundamental shift in data center power infrastructure requirements.

However, Establishing and maintaining data centers involves considerable financial outlay, particularly in building the power infrastructure necessary to support these facilities. Additionally, the rapid evolution of data center technologies places ongoing pressure on organizations to invest in upgrades. Power infrastructure must be constantly updated to meet the increasing demands for processing power, energy efficiency, and sustainability. Hence, high capital expenditure is one of the most significant barriers to expanding the market.

Offsite Data Center Power Infrastructure Market Share 2023

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors
Offsite Data Center Power Infrastructure Market
  • Shift towards cloud computing and colocation services
  • Expansion of edge computing
  • Global expansion of IT infrastructure
  • Substantial upfront costs associated with building and maintenance
  • Growing prevalence of cyberattacks targeting critical infrastructure
  • Increased reliance on real-time analytics and AI
  • Resilience against natural disasters and downtime
  • Uncertainty around long-term energy supply
  • Limited access to land and resources

Vertical Outlook

On the basis of vertical, the market is classified into BFSI, IT & telecom, media & entertainment, healthcare, government & defense, retail, manufacturing, and others. The IT & telecom segment recorded 20% revenue share in the market in 2023. Increased demand for high-speed connectivity, 5G technology, and the rapid expansion of cloud services were the primary factors driving this growth.

Offsite Data Center Power Infrastructure Market Share and Industry Analysis Report 2023

Offering Outlook

Based on offering, the market is bifurcated into services and solutions. The services segment procured 28% revenue share in the market in 2023. The services segment is propelled by the critical role of ongoing maintenance, monitoring, and management in ensuring the smooth operation of data center power infrastructure.

Free Valuable Insights: Global Offsite Data Center Power Infrastructure Market size to reach USD 35.6 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 36% revenue share in the market in 2023. The region's well-established data center industry, particularly in the United States, continues to expand as cloud computing giants, colocation providers, and enterprises invest in new data centers and power upgrades.

Offsite Data Center Power Infrastructure Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 10.1 Billion
Market size forecast in 2031 USD 35.6 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 17.2% from 2024 to 2031
Number of Pages 214
Number of Tables 299
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Offering, Vertical, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included ABB Group, Schneider Electric SE, Eaton Corporation plc, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Johnson Controls International PLC, Delta Electronics, Inc., Altron a.s., Vertiv Holdings Co. and Hubbell Incorporated
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List of Key Companies Profiled

  • ABB Group
  • Schneider Electric SE
  • Eaton Corporation plc
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Johnson Controls International PLC
  • Delta Electronics, Inc.
  • Altron a.s.
  • Vertiv Holdings Co.
  • Hubbell Incorporated

Offsite Data Center Power Infrastructure Market Report Segmentation

By Offering

  • Solutions
  • Services

By Vertical

  • BFSI
  • IT & Telecom
  • Retail
  • Media & Entertainment
  • Manufacturing
  • Healthcare
  • Government & Defense
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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