Grand View Research, Inc. - Market Research And Consulting.According to a new report by Grand View Research, Inc The global data center generators market size was valued at USD 6.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027. Generators are the backup power supply source for the data centers during a power interruption. Entire power cut off from a data center might require a total restart for the system, this might lead to start-up issues, & system downtime.
The global data center generators market size is expected to reach USD 10.9 billion by 2027 at a CAGR of 6.5%, according to a study conducted by Grand View Research, Inc. The increasing number of data centers and hyperscale facilities along with growing demand for the edge data centers, are some of the factors contributing to the rise in product demand. These generator provides reliable and cost-effective backup power solutions for data centers.
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Manufacturers, such as Cummins, Inc. and Himoinsa, are introducing technologically advanced generator sets that offer remote monitoring and control. These systems allow users to remotely observe and control engine and alternator data, power system status, load levels, and control system status. The advent of such systems is expected to propel the demand for generators in the market.
Data Center Generators Market Report Highlights
- Gas product type is anticipated to register the fastest CAGR of 8.1% during the forecast period owing to their cleaner operation and lower emission than diesel-based systems
- Generators under 1 MW capacity are expected to register the highest CAGR over the forecast period owing to the increasing number of smaller and edge data centers
- Growing number of hyperscale facilities is anticipated to catapult the demand for Tier IV systems in the near future
- Some of the key companies include Caterpillar, Inc.; Cummins, Inc.; and KOHLER Group. These companies have established partnerships with facility developers and principal contractors to maintain their market position and share
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North America has a substantial revenue share in the overall market owing to the presence of a large number of data center facilities in the region. In addition, presence of key companies, such as KOHLER Group and Cummins Inc., also intensifies the competition in this region and contributes to the growing revenue share. With a rise in the number of data centers in developing economies like India, the Asia Pacific regional market is anticipated to record the fastest CAGR in the next seven years.
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Grand View Research has segmented the global data center generators market based on product type, capacity, tier standards, and region:
Data Center Generators Product Type Outlook (Revenue, USD Million, 2016 - 2027)
Data Center Generators Capacity Outlook (Revenue, USD Million, 2016 - 2027)
- 1 MW-2 MW
- >2 MW
Data Center Generators Tier Standards Outlook (Revenue, USD Million, 2016 - 2027)
- Tier I & II
- Tier III
- Tier IV
Data Center Generators Regional Outlook (Revenue, USD Million, 2016 - 2027)
- Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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