The Asia Pacific Data Center Energy Storage Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Data Center Energy Storage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $183.4 million by 2031. The Japan market is registering a CAGR of 8.8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 10.2% during (2024 - 2031).
The growing emphasis on sustainability in the data center industry has led to increased integration of renewable energy sources, such as solar and wind, into their energy mix. However, renewable energy generation is intermittent, making it difficult to rely on them exclusively. Energy storage systems can store excess energy generated during periods of high renewable output and discharge it during low-output periods, ensuring a stable and consistent energy supply.
In addition, the adoption of energy storage technologies in data centers has accelerated in response to various factors, including increasing energy demands, regulatory pressures, and the need for sustainable energy solutions. Environmental sustainability is becoming a key focus for data center operators as they face increasing pressure from governments, regulators, and consumers to reduce their carbon footprints.
India's fintech industry is expanding rapidly, with projections indicating that it will grow from $50 billion in 2021 to $150 billion by 2025 and generate $2.1 trillion in opportunities by 2030. This expansion in the BFSI and fintech sectors is driving the demand for robust data center infrastructure to handle the massive volumes of financial transactions, data processing, and digital banking services. Data centers are critical in supporting the BFSI sector by providing the necessary infrastructure for data storage, transaction processing, and cybersecurity. Likewise, China is taking significant steps to regulate and guide data center construction to prevent haphazard development. By 2025, China aims to form an integrated infrastructure pattern with well-distributed green data centers and 5G networks. The country's focus on green data centers highlights its sustainability and energy efficiency commitment. By 2030, data center electricity consumption in China is expected to exceed 400 billion kWh, accounting for 3.7% of the country's total electricity consumption. Hence, the data center energy storage market is experiencing robust growth, fueled by the expanding BFSI sector in India and the increasing focus on green data centers in China.
Free Valuable Insights: The Global Data Center Energy Storage Market is Predict to reach USD 2.6 Billion by 2031, at a CAGR of 8.8%
Based on Type, the market is segmented into Tier 3, Tier 4, Tier 2, and Tier 1. Based on Application, the market is segmented into BFSI, Manufacturing, Retail & E-commerce, Healthcare, Entertainment & Media, and Other Application. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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