Data centers are rapidly becoming mission-critical digital infrastructure, evolving from back-end IT sites into strategic platforms for cloud, connectivity, and data-driven services. Growth is being driven by cloud and hybrid adoption, surging data traffic, and demand for secure, resilient environments, boosting colocation and hyperscale builds while AI is supercharging expansion with high-density graphics processing unit (GPU) workloads. Against this backdrop, data center power consumption is projected to triple, at a compound annual growth rate (CAGR) of 21.1 percent from 2024 to 2030, according to GlobalData, an intelligence and productivity platform. GlobalData’s latest report, issued June 9, reveals that the United States and China remained the largest markets, accounting for 38 percent and 24.2 percent, respectively, of the global data center power consumption in 2024 due to their concentration of hyperscale and colocation capacity and strong digital and AI ecosystems. This balance is expected to shift by 2030, with China projected to surpass the United States, reaching about 30.1 percent and rising further to 33.6 percent.
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