The Data Center Energy Storage Market is Predict to reach USD 2.6 Billion by 2031, at a CAGR of 8.8%

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Data Center Energy Storage Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Data Center Energy Storage Market size is expected to reach $2.6 billion by 2031, rising at a market growth of 8.8% CAGR during the forecast period.

The expansion of hyperscale data centers, which support large-scale operations for cloud service providers such as Amazon Web Services (AWS), Google Cloud, and Microsoft Azure, is driving the adoption of energy storage. Hyperscale data centers require enormous amounts of energy, and efficient energy management solutions like energy storage are essential for maintaining their operations at scale. Using energy storage helps mitigate the risk of power interruptions and enhances energy resilience in these vast facilities.

North America Data Center Energy Storage Market Size - By Region

The Tier 3 segment led the maximum revenue in the Global Data Center Energy Storage Market by Type in 2023, thereby, achieving a market value of $1.1 billion by 2031. This dominance can be attributed to the balance tier 3 data centers strike between reliability, performance, and cost-effectiveness. These data centers are designed to offer high availability with an uptime of 99.982%, meaning they can tolerate about 1.6 hours of downtime annually.

The BFSI segment is growing at a CAGR of 7.6 % during the forecast period. The critical nature of financial transactions and the need for constant availability of financial data necessitate robust and reliable energy storage solutions in this sector. Financial institutions rely heavily on real-time data processing and analytics to manage transactions, prevent fraud, and comply with regulatory requirements.

Full Report: https://www.kbvresearch.com/data-center-energy-storage-market/

The North America region dominated the Global Data Center Energy Storage Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $959.5 million by 2031. The Europe region is anticipated to grow at a CAGR of 8.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 9.4% during (2024 - 2031).

List of Key Companies Profiled

Schneider Electric SE
Siemens AG
General Electric Company
Eaton Corporation plc
ABB Group
Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
Delta Electronics, Inc.
Mitsubishi Electric Corporation
Legrand S.A. (Legrand Group)
Vertiv Holdings Co.

Data Center Energy Storage Market Report Segmentation

By Type

Tier 3
Tier 4
Tier 2
Tier 1

By Application

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

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The Data Center Energy Storage Market is Predict to reach USD 2.6 Billion by 2031, at a CAGR of 8.8%

Special Offering :

Data Center Energy Storage Market Growth, Trends and Report Highlights

List of Key Companies Profiled

Data Center Energy Storage Market Report Segmentation

North America Data Center Energy Storage Market Size 2031

LAMEA Data Center Energy Storage Market Size | Share 2031

Europe Data Center Energy Storage Market Size | Share 2031

Asia Pacific Data Center Energy Storage Market Size | 2031