Blockchain Press Releases
Data Center Power Market to Worth $27 Billion by 2028, More than 9,778.6 MW Power Capacity to be Added in the Next 6 Years – Arizton
CHICAGO, July 19, 2023 /PRNewswire/ — According to Arizton’s latest research report, the data center power market will grow at a CAGR of 6.48% during 2022-2028.
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Browse In-Depth TOC on Data Center Power Market
152 – Tables
324 – Charts
678 – Pages
With the increase in data center building and the increasing number of hyperscale constructions by colocation and hyperscale operators, the data center power industry has risen. Several emerging countries, such as Brazil, Denmark, Singapore, Australia, Canada, India, Japan, Sweden, Norway, Finland, Ireland, Indonesia, and South Korea, are identifying multiple hyperscale data center projects that are driving opportunities for power infrastructure vendors in these countries.
In terms of power infrastructure adoption, UPS systems dominated the market in 2022, followed by generators. UPS systems with a capacity of below 500 kVA dominated the UPS market in 2022, driven by the development of several data centers below a capacity of 5 MW. UPS systems with a capacity of over 500 kVA contributed to over 60% cumulatively of the overall investments for UPS systems in the market. The share of UPS systems with a capacity of up to 500 kVA will continue to dominate the market in the coming 4-5 years, followed by systems with a capacity of over 500 KVA, slowly witnessing an increase in investments. The market has witnessed traction toward the adoption of VRLA and Lithium-ion-powered UPS systems.
Data Center Power Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2028) |
USD 27.02 Billion |
|
Market Size (2022) |
USD 18.54 Billion |
|
CAGR By Revenue (2022-2028) |
6.48 % |
|
Power Capacity (2028) |
9,778.6 MW |
|
Base Year |
2022 |
|
Forecast Year |
2023-2028 |
|
Market Segmentation |
Electrical Infrastructure, UPS System Capacity, Generator Capacity, Tier Standards, and Geography |
|
Geographic Analysis |
North America, Latin America, Western Europe, Nordics, Central & Eastern Europe, Middle East, Africa, APAC, and Southeast Asia |
|
Market Dynamics |
· The Power Outages in the Industry · A Surge in Rack Power Density Across the Market |
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The market for UPS systems is also witnessing continuous innovations by vendors to meet up with the challenges emerging in the market. UPS systems are also being widely adopted to provide backup power for cooling systems installed in the facility. Over the past five years, data center operators have been laying higher emphasis on the monitoring of batteries in UPS systems. Data center operators are also likely to adopt battery cooling cabinets depending on the type of batteries used. For instance, if operators adopt flooded lead-acid batteries, they are kept in isolation from the data hall due to the chances of an acid spill and hydrogen explosion; hence, separate cooling is automatically required. Most data centers are adopting VRLA batteries, while a few data centers are using flywheel UPS systems. The adoption of Lithium-ion batteries is likely to significantly increase during the forecast period as its price will continue to decline. Since most vendors are offering Lithium-ion-based UPS systems, the market is likely to become highly competitive in the coming years.
Vendors are also continuously innovating with UPS solutions to boost efficiency and reduce costs. The growth of Lithium-ion UPS systems is aided by benefits such as a reduction in OPEX through lower maintenance costs and lower chances of UPS battery failure. The adoption of Lithium-ion batteries is likely to increase during the forecast period as their price will continue to decline. For instance,
- EdgeCore Internet Real Estate has adopted Lithium-ion UPS batteries in its Ashburn data center campus.
- Digital Realty opened a data center (Digital Erskine Park II) in Australia that is equipped with Lithium-ion battery-based UPS systems.
- GIGA Data Centers facility in North Carolina is equipped with Lithium-ion batteries that were supplied by ABB.
- GPX Global Systems’ data center facilities in Mumbai, India, are equipped with Lithium-ion batteries from Eaton.
- Google is using large Lithium-ion batteries as a replacement for generators in a pilot project in its Belgium data center.
The contribution from colocation providers will be high in terms of Lithium-ion UPS solutions. Single rack-based prefabricated data center solutions will include single-phase Lithium-ion systems with a power capacity of lower than 10 kVA. The global data center power market by UPS systems to reach $7.94 billion by 2028, growing at a CAGR of 6.49%.
Segmentation Analysis
- The data center power market has been growing in terms of the rise in the construction of data centers. Operators are on the lookout for innovative and energy-efficient solutions. Regarding power infrastructure, UPS systems were the highest contributors to market investments by adopting VRLA and lithium-ion-powered UPS systems.
- Regarding UPS infrastructure, the market is growing for UPS systems with capacities of 500-1,000 kVA systems. In contrast, the growing number of hyperscale data centers will increase the scope of adoption of UPS systems with capacities of over 1,000 kVA. The on-premise centers will continue to invest in adopting UPS systems with capacities of up to 500 kVA.
- The efficient adoption of the most suitable UPS systems has become a critical task for operators and designers, as UPS systems account for 30−40% of the failures in a facility. Lithium-ion battery technology will account for around 40-50% of the market share over the next ten years.
- In terms of generators, the market has grown in adopting generator sets with a 1.5-3 MW capacity. In contrast, the hyperscale facilities are expected to invest in generators with a capacity of over 3 MW. The data center power market for generators with a capacity of up to 1.5 MW has witnessed investments from edge facilities or on-premise data center operators.
- The procurement of diesel generators dominates the market adoption, with some facilities across the globe involved in procuring gas generators. For instance, Colt Data Centre Services’ Tokyo Otemachi facility has 4,500-kVA gas turbine generators with N+1 redundancy.
- In addition, most of the data centers are shifting to the sustainability goals of being carbon neutral. Due to this, most operators are adopting new innovative technologies like fuel cell generators, HVO fuel generators, and eco diesel generators to operate the data center facility with zero carbon emissions.
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Competitive Overview
The data center power market is witnessing intense competition among power infrastructure providers. ABB, Eaton, Caterpillar, Cummins, Legrand, Schneider Electric, Siemens, Rolls-Royce, and Vertiv are the leading market players. In terms of generators, Cummins and Caterpillar have a strong presence in the market. With increasing demand toward sustainability, operators are considering substituting traditional diesel generators and UPS systems with natural gas, hydrogen fuel cell generators, Lithium-ion batteries, and intelligent PDUs to improve the efficiency of their facilities. The market is becoming very competitive, with power solution providers innovating their products to offer maximum efficiency and reliability. The varied requirements of data center operators are prompting vendors to develop products that reduce OPEX by up to 50%. Vendors who can cater to the changed requirements of operators have been able to grab a bigger share of the market. Leading vendors offering UPS systems and generators should consider adding fuel deployment expertise to their portfolio as a standalone solution or through partnerships with small-scale fuel cell suppliers. In addition, the increasing deployment of OCP-based infrastructure design will bring about a shift in market demand. Vendors such as Schneider Electric, Rittal, HPE, Delta Electronics, and Huawei provide infrastructure based on OCP design. This will aid in the growth of market revenues for these vendors, as many organizations prefer solutions such as 48V DC UPS systems.
Key Vendor Profiles
- ABB
- Caterpillar
- Cummins
- Eaton
- Legrand
- Rolls-Royce
- Schneider Electric
- Vertiv
- AEG Power Solutions
- Aggreko
- Aksa Power Generation
- AMETEK Powervar
- Anord Mardix
- Artesyn Embedded Power (Advanced Energy)
- Aten
- Austin Hughes Electronics
- BACHMANN
- BENNING Elektrotechnik Und Elektronik
- Borri
- Bloom Energy
- Bxterra Power Technology
- Canovate
- CENTIEL
- Chatsworth Products
- Cisco Systems
- Controlled Power Company
- Cyber Power Systems
- Dataprobe
- Delta Power Solutions
- Detroit Diesel
- EAE Elektrik
- Elcom International
- Enconnex
- Enlogic
- EverExceed Industrial
- Exide Technologies
- Fuji Electric
- Generac Power Systems
- General Electric
- Genesal Energy
- Hewlett Packard Enterprise
- HIMOINSA
- Hitachi Hi-Rel Power Electronics
- HITEC Power Protection
- HITZINGER
- Huawei
- INNIO
- KEHUA Data (KEHUA Tech)
- KOEL (Kirloskar)
- Kohler
- Marathon Power
- Mitsubishi Electric
- MPINarada
- Natron Energy
- Narada
- Panduit
- Piller Power Systems
- Plug Power
- Powertek
- Pramac
- Riello Elettronica
- Rittal
- SAFT(TOTAL)
- Shenzhen KSTAR Science & Technology (KSTAR)
- Siemens
- Socomec
- SolarEdge Technologies
- Thycon
- Toshiba
- Virtual Power Systems (VPS)
- VYCON
- WTI – Western Telematic
- ZAF Energy Systems
- ZincFive
Market Segmentation
Electrical Infrastructure
- UPS Systems
- Generators
- Transfer Switches & Switchgears
- PDUs
- Other Electrical Infrastructure
UPS System Capacity
- <=500 kVA
- >500–1,000 kVA
- >1,000 kVA
Generator Capacity
- 0-1.5 MW
- 5–3 MW
- >=3 MW
Tier Standards
- Tier I & II
- Tier III
- Tier IV
Geography
- North America
- The US
- Canada
- Latin America
- Brazil
- Mexico
- Chile
- Colombia
- Rest of Latin America
- Western Europe
- The UK
- Germany
- France
- Netherlands
- Ireland
- Switzerland
- Italy
- Spain
- Belgium
- Other Western European Countries
- Nordics
- Sweden
- Denmark
- Norway
- Finland & Iceland
- Central and Eastern Europe
- Russia
- Poland
- Other Central & Eastern European Countries
- Middle East
- The UAE
- Saudi Arabia
- Israel
- Other Middle Eastern Countries
- Africa
- South Africa
- Kenya
- Nigeria
- Other African Countries
- APAC
- China
- Hongkong
- Australia
- New Zealand
- India
- Japan
- South Korea
- Taiwan
- Rest of APAC
- Southeast Asia
- Singapore
- Indonesia
- Malaysia
- Thailand
- Philippines
- Vietnam
- Other Southeast Asian Countries
Key Questions Answered in the Report:
- How big is the data center power market?
- What is the growth rate of the global data center power market?
- Who are the key players in the global data center power market?
- Which region holds the most significant global data center power market share?
- How many MW of power capacity is expected to reach the global data center power market by 2028?
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Blockchain Press Releases
Bybit Pay Goes Global: Seamless Crypto Payments Now Available in 15 Major Cryptocurrencies
DUBAI, UAE, May 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the next phase of crypto innovation with the global launch of Bybit Pay. The ground-breaking crypto payment solution which debuted in Brazil is now available for all eligible global users of Bybit.
Bybit Pay Global: Joining the Crypto Payment Revolution
Initially launched in January 2025, Bybit Pay debuted in Brazil and recently presented itself at Web Summit Rio, where thousands of attendees got their hands on the instant payment solution at the Bybit booth. Starting now, over 70 million Bybit international users may live up their crypto lifestyle on the go with Bybit Pay. The expansion is a step forward in financial inclusion for Bybit’s global community, removing the need for costly legacy intermediaries and physical cards—all one needs is a compatible mobile device.
In a few days since its global launch, Bybit Pay recorded over 40,000 transactions. The digital payment gateway enables users to make payments across a global network of merchants online and offline. It currently supports 15 mainstream cryptocurrencies including USDT, USDC, BTC, ETH, XRP, MNT, BNB, TON, and more.
Bybit Pay has also released new features, Send and Receive:
- Bybit Pay Send allows users to transfer digital assets to business or individual payees in an instant using just the recipient’s email addresses, phone numbers, or Bybit User IDs in-app and on the Bybit website.
- Bybit Pay Receive enables users to get paid with a unique personal QR code tailored for their personal preferences of desired amounts or currencies.
The Bybit Pay platform integrates wallet management functionalities for both fiat and crypto. Built with blockchain-backed security, Bybit Pay ensures tamper-proof transactions through on-chain encryption, optimizing security and user privacy.
Leveraging the instant finality of cryptocurrencies, Bybit Pay offers a seamless and secure on and off-ramp experience for senders and receivers of digital assets.
Bybit Send & Earn: 100,000 USDT in Prizes
From now until May 30, eligible users may register for Bybit Send & Earn to share in a total prize pool of 100,000 USDT.
“Bybit is proud to play a role in advancing payment innovation with the global launch of Bybit Pay. It provides our users with an ultra user-friendly solution for their daily crypto spending and transaction needs, while Bybit gets to serve the broader community and bring more payment freedom and convenience to the underbanked,” said Krista Chan, Head of Marketing, Payment Business Unit at Bybit.
Bybit Pay currently serves global users who have successfully completed Identity Verification on Bybit. Users from Service Restricted Countries or local Bybit entities are not currently supported. For the latest updates and detailed terms and conditions, users may refer to the Bybit Pay official page.
#Bybit #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Midnight Foundation Launches to Support Growth of Secure and Decentralized Blockchain Network
Led by former Input | Output (IO) and Parity Technologies executive Fahmi Syed, the Midnight Foundation will support the growth of Midnight’s rational privacy ecosystem and guide its transition to full decentralization.
TORONTO, May 13, 2025 /PRNewswire/ — Consensus 2025 — Today marks the official launch of the Midnight Foundation, an organization committed to supporting the growth of the Midnight blockchain ecosystem. Midnight is a platform enabling decentralized applications that deliver rational privacy – programmable data protection with selective disclosure. The Foundation’s core mission is to foster a thriving developer community, expand access to Midnight’s privacy-first technology, and guide the network’s evolution toward full decentralization.
Through a wide range of initiatives—including open-source tooling, education, and targeted funding—the Foundation will support builders developing real-world use cases using Midnight. Crucially, the Foundation will also play a leading role in Midnight’s path to autonomous governance. As the network matures, control over protocol upgrades, treasury allocation, and ecosystem development will transition to NIGHT token holders through on-chain voting. The Foundation will ensure this transition is secure, transparent, and community-driven.
These efforts will be key to empowering the Foundation to redefine what Web3 infrastructure can become: private, compliant, decentralized—and ready for real-world adoption.
The Midnight Foundation will be led by Fahmi Syed who has been appointed as President. A recognized leader in decentralized governance and digital innovation, Syed brings over two decades of experience in financial strategy, operational leadership, and decentralized technology to the role. Most recently, he supported the development of the Midnight project at IO. Prior to that, he was CFO at Parity Technologies, the team behind Polkadot and Kusama, where he led financial operations during a period of rapid ecosystem expansion.
Earlier in his career, Syed was Chief Operating Officer at FIFTHDELTA, Europe’s largest hedge fund launch of 2021. He also held senior leadership roles at Marshall Wace, where he contributed to the firm’s global growth to $45 billion in assets under management.
The core development of the Midnight network itself was led by Shielded Technologies, an engineering spinout from IO, the creators of innovations such as Cardano.
Shielded Technologies was founded to pioneer privacy-first, regulation-ready decentralized technologies, and continues to play an integral role in supporting Midnight’s technical innovation and ecosystem growth.
Commenting on his appointment, Syed said: “The Midnight Foundation has an extraordinary opportunity to shape the future of decentralized technology in a way that truly protects users’ rights and privacy. I’m honored to lead this mission at such a critical time. Working alongside Shielded Technologies and its visionary CEO, Eran Barak, we are committed to building a thriving, global ecosystem that brings Midnight’s transformative technology to life for developers, businesses, and communities everywhere.”
A new kind of blockchain network, Midnight is designed to overcome the limitations of traditional blockchains that expose all transaction data by default. It uses zero-knowledge cryptography and a cooperative tokenomics design to enable truly private, censorship-resistant, and regulation-ready applications.
Its public utility token, NIGHT, enables governance and rewards, while its shielded resource, DUST, powers transactions without exposing metadata or wallet details. Unlike typical blockchain fee models, DUST is renewable, non-transferable, and decays over time – a radical new model that makes the network sustainable, privacy-protecting, and secure from economic exploitation.
Moving forward, the Midnight Foundation will look to build a wide ecosystem of partners, builders and token holders, working together to realize the potential of the Midnight blockchain network. We invite you to join us on this journey.
+++END+++
Media Contact:
Georgia Hanias
Midnight Foundation
[email protected]
About Midnight Foundation
The Midnight Foundation is an organization dedicated to advancing the development, adoption, and real-world impact of the Midnight network, the privacy enhancing blockchain project developed by Shielded Technologies. Designed for confidential smart contracts, Midnight enables censorship-resistant yet compliant decentralized applications. It leverages zero-knowledge proofs and a cooperative tokenomics architecture- with NIGHT as the utility token and DUST as the shielded transaction resource- to deliver a powerful combination of privacy, security, and decentralization.
For more information, visit: https://midnight.foundation
About Shielded Technologies
Shielded Technologies is an emerging engineering company pioneering privacy-enhancing, decentralized technologies designed for real-world compatibility. A spinout from leading Web3 venture studio Input Output, Shielded brings deep cryptographic expertise as the core technology partner for the Midnight Network — a new blockchain that leverages advanced cryptographic proofs and a cooperative tokenomics design to protect data and metadata while ensuring auditability and compliance. In collaboration with the Midnight Foundation, Shielded is shaping a global ecosystem that upholds the fundamental freedoms of association, commerce, and expression.
For more information, visit: https://shielded.io
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VICTORIA, Seychelles, May 13, 2025 /PRNewswire/ — As part of a systematic approach to ensuring the security, transparency and sustainability of its platform, MEXC, a leading global cryptocurrency exchange, regularly undergoes both technical and financial audits. One of the latest steps in this direction included the successful completion of a security audit by Hacken, a leading Web3 cybersecurity firm. The audit found no critical or high-risk vulnerabilities in the MEXC mobile application and confirmed that previously identified minor issues were fully addressed.
Key Takeaways:
- No critical or high-risk vulnerabilities were identified.
- All minor issues flagged during the audit were promptly resolved.
- The platform demonstrates adherence to robust security protocols and architecture.
The audit conducted under the comprehensive Hacken’s pentest methodology framework assessed all possible vulnerabilities of the MEXC app to attacks from malicious actors and exploitation. Hacken confirmed that MEXC’s existing security measures provide comprehensive protection against known threat vectors.
The audit also reviewed the platform’s operational architecture, emphasizing a balance between usability and security. Specifically, Hacken highlighted the MEXC app’s user-centric design and simplified navigation, which significantly improve the trading experience for both beginners and experienced traders. Special attention was given to the app’s infrastructure around trading execution, data handling, and fund transfer mechanisms.
MEXC has already addressed and resolved all low-risk vulnerabilities and risks that were flagged by the audit to strengthen the app’s resilience and improve the overall user security and trading experience. The prompt resolution highlights the exchange’s transparency towards its users and commitment to protecting its ecosystem from emerging threats.
Commenting on the audit, MEXC COO Tracy Jin stated:
“External, independent verification is an essential part of maintaining user trust and ensuring accountability. We thank Hacken for their work and continue to prioritize transparency and security, as we scale our services globally.”
Security and transparency remain key priorities for MEXC. In addition to successful technical audits, the exchange regularly confirms its financial stability through regular independently verified Proof of Reserves reports. This data is available to users and partners and meets industry standards for openness and control over user assets.
The full security audit report by Hacken is available at LINK.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
For more information, visit: MEXC Website｜X｜Telegram｜How to Sign Up on MEXC
About Hacken
Hacken is a trusted blockchain security auditor on a mission to make Web3 a safer place.
With a team of 60+ certified engineers, it provides solutions covering all aspects of blockchain security, such as smart contract & protocol audits, bug bounties, and security assessments.
Hacken has been raising the bar for blockchain security, working with more than 1,500 Web3 projects since its inception in 2017.
For more information, visit: Hacken Website｜X｜LinkedIn
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