Market Overview - The Data Center Power Management Market was valued at USD 22.0 billion in 2024 and is projected to reach USD 40.1 billion by 2032, with a CAGR of 7.80% from 2025 to 2032 [1][5]. Growth Drivers - The market is experiencing transformative growth driven by increasing global data consumption, energy-efficient infrastructure services, and the expansion of cloud and hyperscale data centers [2]. - Intelligent power solutions that integrate with renewable energy sources to monitor real-time power consumption are preferred by organizations to reduce operational costs and carbon footprints [2]. Regional Insights - In the U.S., the market was valued at USD 5.9 billion in 2024 and is expected to grow to USD 10.6 billion by 2032, reflecting a CAGR of 7.57% [3]. - North America accounted for 35% of global revenue in 2024, supported by advanced digital infrastructure and early adoption of cloud technologies [12]. - The Asia-Pacific region is anticipated to grow the fastest, driven by significant investments in digital infrastructure and government-led renewable energy initiatives [13]. Market Segmentation By Component - The hardware segment held the largest market share at 48% in 2024, driven by essential components like Uninterruptible Power Supply (UPS) systems and Power Distribution Units (PDUs) [6]. - The services segment is expected to register the fastest CAGR during the forecast period due to the increasing complexity of data center environments [7]. By Data Center Type - Hyperscale data centers led the market with a 26% revenue share in 2024, essential for handling large data workloads and supporting cloud services [8]. - Edge data centers are projected to witness the highest CAGR, driven by the demand for low-latency processing and real-time analytics [9]. By Industry - The IT & Telecom sector held the largest share in 2024, fueled by the demand for cloud computing and the expansion of 5G networks [10]. - The retail sector is expected to record the fastest CAGR, driven by the growth of e-commerce and the need for robust IT infrastructure [11]. Key Players - Major players in the market include Schneider Electric, Eaton Corporation, ABB Ltd., Vertiv Holdings Co., Siemens AG, Delta Electronics, Huawei Technologies, Rittal GmbH & Co. KG, Tripp Lite, and Legrand SA [4]. Recent Developments - Schneider Electric launched the Galaxy VXL, a compact UPS for AI workloads, and partnered with NVIDIA for a liquid-cooled AI cluster design [16]. - Vertiv introduced the MegaMod CoolChip, a modular data center solution that reduces deployment time by up to 50% [16].