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North America Data Center Power Market Analysis

The North America Data Center Power Market size is estimated at USD 14.80 billion in 2024, and is expected to reach USD 22 billion by 2030, growing at a CAGR of 6.83% during the forecast period (2024-2030).

Data centers are among the most energy-intensive building types, which consume 10 to 50 times the energy per floor space as a typical commercial office building. These spaces contribute to approximately 2% of the total US electricity use, and as the country’s use of information technology grows, data centers and servers are likely to need more energy as well. The growing establishment of IT infrastructure, mechanization, and cloud-oriented operations has additionally highlighted the significance of constant power supply and steady operation of data centers and server spaces, leading to the growth of the market.

• Under Construction IT Load Capacity: The upcoming IT load capacity of the North American data center market is expected to reach above 25,000 MW by 2030.
• Under Construction Raised Floor Space: The country's construction of raised floor areas is expected to exceed 85 million sq. ft. by 2030.
• Planned Racks: The region's total number of racks to be installed is expected to reach more than 4 million units by 2030. The United States is expected to house the maximum number of racks by 2030.
• Planned Submarine Cables: Close to 100 submarine cable systems connect North America, and many are under construction. One such cable, GigNet-1, started its service in 2023. It stretches over 1,104 kilometers and has landing points in Boca Raton, United States.

North America Data Center Power Industry Segmentation

Data center power refers to the power infrastructure, which includes electrical components and electrical distribution systems that provide the power necessary to operate and support the devices and servers within the data center. It includes various components and technologies designed to ensure a reliable, uninterruptible power supply for data center IT equipment, including, uninterruptible power supplies (UPS), power distribution units (PDU), backup generators, and other power management solutions tailored to the specific needs of data centers. Data center operators achieve redundancy through duplicated components to maintain uninterrupted operations in the event of failure of some components and to maintain uptime during maintenance.

The North American data center power market is segmented by type (by solution (power distribution solution (PDU – basic & smart – metered & switched solutions, transfer switches (static, automatic), switchgear (low-voltage, medium-voltage), power panels & components, others)), power backup solutions (UPS, generators)), by service (design & consulting, integration, support & maintenance)), by data center type (colocation, enterprise & cloud, and hyperscaler), by end user (IT & telecom, BFSI, government, media & entertainment, manufacturing, and other end user) and country (United States, Canada). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.