United States Data Center Power Market Report and Forecast 2024-2032

United States Data Center Power Market Size

The United States data center power market reached around USD 13.20 billion in 2023. The market is estimated to grow at a CAGR of 6.7% during the forecast period of 2024-2032 to attain nearly USD 23.66 billion by 2032.

United States Data Center Power Market Outlook

A key driver of the market is the growing number of data centres in the country due to the rising use of technologies like cloud computing and AI across industries. As of May 2021, the United States had more than 2600 data centres across the country. This rising number of data centres aids in the United States data center power market growth.

The country is also focusing on energy efficiency and sustainability. Hence, market players are adopting renewable ways to fulfil the huge energy requirement of data centres. This is also a part of their new set of technological advances and is playing a major role in the United States data center power market expansion.

The Rising Demand for Advanced Power Distribution and Backup Solutions is One of the Crucial United States Data Center Power Market Trends

• The solution segment is projected to lead with a CAGR of 7.6% during the forecast period of 2024-2032. The United States data center power market value is increasing amid the rising demand for advanced power distribution and backup solutions as data centers strive to ensure uninterrupted operations and energy efficiency. The growing adoption of cloud computing, IoT, and AI technologies necessitates robust infrastructure, which further fuels the need for reliable power solutions that can support these high-density environments. 

• As per the United States data center power market analysis, the services segment, projected to grow at a CAGR of 7.2%, reflects the critical role of design and consulting, integration and deployment, and support and maintenance services in ensuring that data centers are not only built to meet current needs but also scalable for future growth. The growing emphasis on sustainability, security, and compliance to optimise performance, reduce operational costs, and maintain uptime of data centers is further boosting the United States data center power market revenue.

The Growing Demand for Data Centre Solutions in the IT and Telecommunication Sector is Driving the United States Data Center Power Market Development

• The IT and telecom sector is expected to dominate the United States data center power market share, growing at a CAGR of 7.7%. This growth is driven by the increasing demand for data processing and storage, the expansion of cloud services, and the proliferation of internet-connected devices. 

• The BFSI sector is estimated to grow at a CAGR of 7.3% during the forecast period of 2024-2032. The critical need for secure and reliable data center operations to support financial transactions and services is creating favourable United States data center power market opportunities. 

• The healthcare sector, with a CAGR of 6.9%, continues to adopt advanced data center solutions to handle large volumes of medical data and ensure data security. 

• The government sector, growing at a CAGR of 6.4%, reflects the rising demand for data centers to support public services and digital government initiatives. 

• The energy sector, with a CAGR of 6.0%, benefits from the need for robust data center infrastructure to manage and analyse energy data. 

• As per the United States data center power industry statistics, the 'Others' category, with a CAGR of 5.4%, includes various other end uses contributing to overall market growth, driven by innovation and evolving data management requirements.

United States Data Center Power Market Regional Analysis

• The Far West region is expected to lead with the highest CAGR of 7.8%. The region's significant investments in technology infrastructure, a high concentration of tech companies, and the increasing demand for data storage and processing capabilities are boosting the United States data center power market revenue. 

• The Rocky Mountain region follows with a CAGR of 7.2%, supported by expanding data center projects and favourable geographic conditions for data center operations. 

• The Southwest, with a CAGR of 6.9%, benefits from a growing tech industry and rising demand for reliable power solutions. 

• The Southeast is projected to grow at a CAGR of 6.6% during the forecast period of 2024-2032. The United States data center power demand growth is being driven by the expanding digital economies and increasing data center construction. 

• New England, with a CAGR of 6.2%, and the Mideast, with a CAGR of 5.8%, exhibit steady growth, driven by established data center hubs and continuous investment in power infrastructure. 

• The United States data center power market regional statistics show that the Plains region, with a CAGR of 5.4%, and the Great Lakes region, with a CAGR of 5.0%, experience moderate growth due to stable but slower increases in data center investments.

Key Questions Answered in This Report:

• How has the United States data center power market performed historically, and what are the growth expectations for the future?

• What are the primary factors influencing demand and growth in the United States data center power market?

• What are the key segments within the United States data center power market, and how are they expected to evolve over the forecast period?

• What are the major challenges and opportunities facing stakeholders in the United States data center power market?

• Who are the key players in the United States data center power market, and what strategies are they employing to maintain a competitive edge?

• What are the regulatory and policy factors influencing the United States data center power market globally or regionally?

• How competitive is the United States data center power market according to Porter's five forces analysis, including factors like the bargaining power of buyers and suppliers?

• What are the current trends shaping the United States data center power market landscape, and how are they expected to evolve in the future?

• How are technological advancements impacting the United States data center power market, and what role do innovation and R&D play in driving growth?

• What are the consumer preferences and buying behaviour trends influencing the United States data center power market?

• How sustainable are current growth rates in the United States data center power market, and what factors could potentially disrupt these trends?

• What are the regional dynamics within the United States data center power market, and how do they contribute to overall market growth?

• What are the economic factors influencing the United States data center power market, such as GDP growth, inflation rates, and currency fluctuations?

• How are demographic shifts, such as ageing populations or urbanization trends, affecting demand in the United States data center power market?

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States data center power market?

• What are the regulatory and legal frameworks impacting the United States data center power market globally or in key regions?

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States data center power market?

• What are the emerging market trends and niche opportunities within the United States data center power market that stakeholders should be aware of?

• How resilient is the United States data center power market to external shocks or disruptions, such as geopolitical tensions or natural disasters?

• What are the potential barriers to market entry and growth for new players in the United States data center power market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, and historical and current market trends, and forecasts the dynamics of the United States data center power market spanning from 2018 to 2032. 

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States data center power market.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States data center power market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States data center power market landscape.

Key Highlights of the Report