The global data center power market is projected to witness significant expansion, reaching USD 71.8 billion by 2033, according to a 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 of 15.7% from 2026 to 2033.

The expansion is driven by the increasing deployment of hyperscale data centers, rapid adoption of cloud computing platforms, growing enterprise digital transformation initiatives, and accelerating demand from artificial intelligence, machine learning, and high-performance computing applications. These factors are creating a need for advanced power infrastructure capable of supporting higher-density workloads and uninterrupted operations.

The solution segment dominates the market, accounting for the largest revenue share of 72.2% in 2025. Within this segment, uninterruptible power supply systems account for the largest revenue share, as data centers prioritize reliability and continuous availability. The busway segment is also expected to grow significantly during the forecast period due to its modular design and flexibility. Data center operators are investing in sophisticated power architectures, including uninterruptible power supply systems, power distribution units, busway solutions, backup power systems, and intelligent monitoring technologies.

By end use, the BFSI sector dominated the data center power industry in 2025, as financial institutions require highly reliable infrastructure to support continuous transaction processing, secure data storage, and regulatory compliance. The IT and telecommunications segment is also expected to witness significant growth as 5G networks and edge computing continue expanding globally.

North America dominated the global data center power market, accounting for a revenue share of 38.0% in 2025, with the United States representing the largest country-level market share. Asia Pacific is expected to register the fastest growth rate during the forecast period, driven by increasing internet adoption, expanding cloud ecosystems, and growing investments in data center development across emerging economies.

Key companies operating in the market include Vertiv Group Corp., Schneider Electric, ABB, Eaton, and GE Vernova. Energy efficiency has become a critical consideration for data center operators worldwide, with modern power solutions increasingly integrated with intelligent monitoring platforms, automation technologies, and energy optimization systems.