DELRAY BEACH -- November 13, 2026 -- MarketsandMarkets projects the global data center power market will grow from USD 38.84 billion in 2026 to USD 52.43 billion by 2031, a compound annual growth rate (CAGR) of about 6.2%. That adds USD 13.59 billion, or about 35%, over five years. The 2026 figure is itself about 10.5% above the USD 35.15 billion the firm gives for 2025, so projected growth after 2026 is slower than the step into 2026.
Electrical solutions account for about 88% of 2026 market value
By component, MarketsandMarkets expects electrical solutions to hold the largest value, USD 34.00 billion in 2026. By our calculation, that is about 88% of the USD 38.84 billion total and leaves roughly USD 4.84 billion for all other components. Within electrical solutions, uninterruptible power supply (UPS) systems are expected to hold the largest share through 2031.
North America is expected to hold the largest regional value, USD 15.50 billion in 2026, or about 40% of the global total. By data center type, enterprises are expected to hold the largest value in 2026.
Mega-sized data centers are forecast to grow at about twice the market rate
Mega-sized facilities are expected to grow at a CAGR of 12.1% through 2031, against 6.2% for the market as a whole, a ratio of about 1.95 to 1. By data center type, the cloud/hyperscale segment is expected to record the highest CAGR.
The release ties the growth to AI workloads, which it says require higher rack power capacities, efficient power conversion and advanced distribution architectures. It says vendors are responding with modular UPS systems, solid-state transformers and direct-current (DC) power technologies.
The report names 25 suppliers. By our count, 12 are headquartered in Europe, 8 in the US and 5 in Asia. They include Schneider Electric (France), Vertiv (US), ABB (Switzerland), Eaton (Ireland) and Delta Electronics (Taiwan).
Asia Pacific is expected to grow fastest, with 24 GW of new capacity due by 2030
MarketsandMarkets expects Asia Pacific to record the highest regional CAGR. The release does not state that rate or the UPS segment's value.
According to JLL's Asia Pacific Data Center Report Year-end 2025, the region is expected to add 24 GW of data center capacity between 2025 and 2030, an average of 4.8 GW a year by our calculation. JLL also reports that increasing grid connection delays are creating challenges for new developments. The release says this is encouraging operators to explore behind-the-meter power, battery storage and renewable energy integration.
The International Energy Agency's Electricity 2026 report puts Asia Pacific electricity demand growth at 4.1% in 2025 and projects an average of 4.7% a year from 2026 to 2030. The region is expected to account for 56% of global electricity consumption by 2030. In March 2026, Deloitte called for coordinated investment in electricity generation, transmission and distribution to support the region's data center industry.