PUBLISHER: KBV Research | PRODUCT CODE: 1605475
PUBLISHER: KBV Research | PRODUCT CODE: 1605475
North America Data Center Energy Storage Market Size, Share & Trends Analysis Report By Type (Tier 3, Tier 4, Tier 2, and Tier 1), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Data Center Energy Storage Market would witness market growth of 8.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $688.9 million by 2031. The Canada market is experiencing a CAGR of 10.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.7% during (2024 - 2031).
This market has witnessed tremendous growth in recent years. This growth is primarily driven by the increasing demand for data storage due to the rise of cloud computing, the Internet of Things (IoT), big data, and artificial intelligence (AI). As the backbone of the modern digital economy, data centers consume enormous amounts of energy to ensure seamless operations, making energy management a critical aspect of their sustainability and operational efficiency.
Additionally, the application of energy storage in data centers is multifaceted. In this context, energy storage's primary objective is to provide a reliable and continuous power supply while optimizing energy consumption. Data centers require an uninterrupted power supply to ensure the availability of critical services. In a power failure, energy storage systems (ESS) are deployed to provide backup power.
Canada's entertainment industry, particularly the film, television, and video production sectors, has been experiencing significant growth. According to Statistics Canada, this sector generated $11.3 billion in operating revenue in 2021, a 20.2% increase from the previous year. Television productions accounted for most of this revenue, contributing 59.2% in 2021, while feature films represented 22.6%. Mexico's retail industry is another significant data center energy storage market driver. The retail sector in Mexico is substantial, with revenue estimated at USD 76 billion and over 47,000 retail stores nationwide. Walmart de Mexico dominates this market, holding 66.4% of all supermarket sales in 2021, according to the International Trade Administration (ITA). In conclusion, the rising entertainment industry in Canada and the expanding retail industry in Mexico significantly impact this market.
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 U.S., Mexico, Canada, and Rest of North America.
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.
North America Data Center Energy Storage Market Report Segmentation
By Type
- Tier 3
- Tier 4
- Tier 2
- Tier 1
By Application
- BFSI
- Manufacturing
- Retail & E-commerce
- Healthcare
- Entertainment & Media
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Data Center Energy Storage Market, by Type
- 1.4.2 North America Data Center Energy Storage Market, by Application
- 1.4.3 North America Data Center Energy Storage Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Aug - 2024, Jul) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Data Center Energy Storage Market by Type
- 5.1 North America Tier 3 Market by Country
- 5.2 North America Tier 4 Market by Country
- 5.3 North America Tier 2 Market by Country
- 5.4 North America Tier 1 Market by Country
Chapter 6. North America Data Center Energy Storage Market by Application
- 6.1 North America BFSI Market by Country
- 6.2 North America Manufacturing Market by Country
- 6.3 North America Retail & E-commerce Market by Country
- 6.4 North America Healthcare Market by Country
- 6.5 North America Entertainment & Media Market by Country
- 6.6 North America Other Application Market by Country
Chapter 7. North America Data Center Energy Storage Market by Country
- 7.1 US Data Center Energy Storage Market
- 7.1.1 US Data Center Energy Storage Market by Type
- 7.1.2 US Data Center Energy Storage Market by Application
- 7.2 Canada Data Center Energy Storage Market
- 7.2.1 Canada Data Center Energy Storage Market by Type
- 7.2.2 Canada Data Center Energy Storage Market by Application
- 7.3 Mexico Data Center Energy Storage Market
- 7.3.1 Mexico Data Center Energy Storage Market by Type
- 7.3.2 Mexico Data Center Energy Storage Market by Application
- 7.4 Rest of North America Data Center Energy Storage Market
- 7.4.1 Rest of North America Data Center Energy Storage Market by Type
- 7.4.2 Rest of North America Data Center Energy Storage Market by Application
Chapter 8. Company Profiles
- 8.1 Schneider Electric SE
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Siemens AG
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.5.3 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 General Electric Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 Eaton Corporation PLC
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Product Launches and Product Expansions:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 ABB Group
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
- 8.7 Delta Electronics, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.8 Mitsubishi Electric Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Legrand S.A. (Legrand Group)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 SWOT Analysis
- 8.10. Vertiv Holdings Co.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Regional Analysis
LIST OF TABLES
- TABLE 1 North America Data Center Energy Storage Market, 2020 - 2023, USD Million
- TABLE 2 North America Data Center Energy Storage Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Data Center Energy Storage Market
- TABLE 4 Product Launches And Product Expansions- Data Center Energy Storage Market
- TABLE 5 Acquisition and Mergers- Data Center Energy Storage Market
- TABLE 6 North America Data Center Energy Storage Market by Type, 2020 - 2023, USD Million
- TABLE 7 North America Data Center Energy Storage Market by Type, 2024 - 2031, USD Million
- TABLE 8 North America Tier 3 Market by Country, 2020 - 2023, USD Million
- TABLE 9 North America Tier 3 Market by Country, 2024 - 2031, USD Million
- TABLE 10 North America Tier 4 Market by Country, 2020 - 2023, USD Million
- TABLE 11 North America Tier 4 Market by Country, 2024 - 2031, USD Million
- TABLE 12 North America Tier 2 Market by Country, 2020 - 2023, USD Million
- TABLE 13 North America Tier 2 Market by Country, 2024 - 2031, USD Million
- TABLE 14 North America Tier 1 Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Tier 1 Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Data Center Energy Storage Market by Application, 2020 - 2023, USD Million
- TABLE 17 North America Data Center Energy Storage Market by Application, 2024 - 2031, USD Million
- TABLE 18 North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Entertainment & Media Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America Entertainment & Media Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Data Center Energy Storage Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Data Center Energy Storage Market by Country, 2024 - 2031, USD Million
- TABLE 32 US Data Center Energy Storage Market, 2020 - 2023, USD Million
- TABLE 33 US Data Center Energy Storage Market, 2024 - 2031, USD Million
- TABLE 34 US Data Center Energy Storage Market by Type, 2020 - 2023, USD Million
- TABLE 35 US Data Center Energy Storage Market by Type, 2024 - 2031, USD Million
- TABLE 36 US Data Center Energy Storage Market by Application, 2020 - 2023, USD Million
- TABLE 37 US Data Center Energy Storage Market by Application, 2024 - 2031, USD Million
- TABLE 38 Canada Data Center Energy Storage Market, 2020 - 2023, USD Million
- TABLE 39 Canada Data Center Energy Storage Market, 2024 - 2031, USD Million
- TABLE 40 Canada Data Center Energy Storage Market by Type, 2020 - 2023, USD Million
- TABLE 41 Canada Data Center Energy Storage Market by Type, 2024 - 2031, USD Million
- TABLE 42 Canada Data Center Energy Storage Market by Application, 2020 - 2023, USD Million
- TABLE 43 Canada Data Center Energy Storage Market by Application, 2024 - 2031, USD Million
- TABLE 44 Mexico Data Center Energy Storage Market, 2020 - 2023, USD Million
- TABLE 45 Mexico Data Center Energy Storage Market, 2024 - 2031, USD Million
- TABLE 46 Mexico Data Center Energy Storage Market by Type, 2020 - 2023, USD Million
- TABLE 47 Mexico Data Center Energy Storage Market by Type, 2024 - 2031, USD Million
- TABLE 48 Mexico Data Center Energy Storage Market by Application, 2020 - 2023, USD Million
- TABLE 49 Mexico Data Center Energy Storage Market by Application, 2024 - 2031, USD Million
- TABLE 50 Rest of North America Data Center Energy Storage Market, 2020 - 2023, USD Million
- TABLE 51 Rest of North America Data Center Energy Storage Market, 2024 - 2031, USD Million
- TABLE 52 Rest of North America Data Center Energy Storage Market by Type, 2020 - 2023, USD Million
- TABLE 53 Rest of North America Data Center Energy Storage Market by Type, 2024 - 2031, USD Million
- TABLE 54 Rest of North America Data Center Energy Storage Market by Application, 2020 - 2023, USD Million
- TABLE 55 Rest of North America Data Center Energy Storage Market by Application, 2024 - 2031, USD Million
- TABLE 56 Key Information - Schneider Electric SE
- TABLE 57 Key Information - Siemens AG
- TABLE 58 Key Information - General Electric Company
- TABLE 59 Key Information - Eaton Corporation PLC
- TABLE 60 Key Information - ABB Group
- TABLE 61 Key Information - Huawei Technologies Co., Ltd.
- TABLE 62 Key Information - Delta Electronics, Inc.
- TABLE 63 Key Information - Mitsubishi Electric Corporation
- TABLE 64 key Information - Legrand S.A.
- TABLE 65 Key Information - Vertiv Holdings Co.
