Market Research on Data Center Physical Infrastructure

Dell’Oro Group’s Data Center Physical Infrastructure (DCPI) program tracks the global market for data center power, cooling, and rack systems, as well as software and services supporting them. The research combines quarterly vendor revenue tracking with five-year forecasts to provide visibility into revenue, units shipped, average selling prices, vendor share, regional demand, and customer segment trends across the full data center physical infrastructure stack.

The program covers UPS, thermal management, facility and rack power distribution, IT racks and containment, software, and services. It analyzes demand across hyperscale cloud, colocation, telco, and enterprise data center environments.

The research focuses on how demand, technology transitions, vendor positioning, and customer adoption patterns are evolving across the data center physical infrastructure market.

Data center physical infrastructure is undergoing the most significant transformation in its history. After decades of incremental evolution, the rise of AI factories has redrawn the playbook in just a few years—pushing rack power densities from tens of kilowatts to hundreds, accelerating the transition from air to liquid cooling, and reshaping power architectures from the substation to the chip.

What was once a back-of-house technology layer is now a strategic battleground at the intersection of AI capex, industrial policy, energy markets, and community engagement. Power availability, permitting constraints, sustainability requirements, and regional market conditions are increasingly shaping where data centers are built, how they are designed, and which infrastructure technologies are prioritized.

Data center physical infrastructure is becoming a more strategic part of data center planning, investment, and competitive differentiation. Dell’Oro Group’s Data Center Physical Infrastructure research helps market participants connect technology transitions with market opportunity, vendor performance, and long-term demand.

• For vendors: Identify where demand is shifting, how product categories are evolving, and where competitive positioning is changing.
• For operators: Benchmark infrastructure planning decisions against broader market trends and understand how deployment requirements are evolving.
• For investors: Assess market expansion, vendor performance, and the demand drivers shaping long-term infrastructure investment.

Our research addresses the questions that matter most to operators, vendors, and investors navigating this transformation:

• What is the data center capacity and total addressable market (TAM) for data center physical infrastructure and how will they evolve over the next 5 years?
• How is accelerated compute reshaping power and cooling requirements across hyperscale, colocation, and enterprise deployments?
• How is the market breaking down across product categories and technologies, such as UPS, busway, chillers, AHU, perimeter cooling, liquid cooling, IT racks, and software and services?
• How are rising rack power densities accelerating the adoption of liquid cooling — and which liquid cooling technologies are winning?
• How are the multi-year grid interconnect queues and the rise of onsite generation, BESS, and grid-interactive energy strategies shaping data center physical infrastructure demand?
• How are Open Compute Project specifications and 400VDC / 800VDC power distribution architectures reshaping facility-level design?
• Who are the leading vendors in each segment, and how is competitive positioning shifting region by region?
• How are sustainability mandates and permitting constraints reshaping siting, design, and procurement decisions?

To answer these and other important questions, Dell’Oro Group delivers quarterly reports and 5-year forecasts on the Data Center Physical Infrastructure market.

Data Center Physical Infrastructure Quarterly Reports

Dell’Oro Group’s Data Center Physical Infrastructure Quarterly Reports provide vendor revenue tracking, market share, and near-term outlook across the full DCPI stack. Reports include tables showing manufacturer revenue, units shipped, and average selling prices.

The market is analyzed across the following product segmentations:

• UPS by power rating
• Thermal management by product type and heat transfer technology, including air and liquid cooling, as well as heat rejection
• Busway, cabinet, and rack power distribution by product type
• IT racks and containment by product type
• Software and services across UPS and thermal management

Data Center Physical Infrastructure revenues are analyzed by the following regions: North America, EMEA (Europe, Middle East, and Africa), Asia Pacific excluding China, China, and CALA (Caribbean and Latin America).

We also track Data Center Physical Infrastructure revenues by customer segment:

• Top 10 Cloud
• Rest of Cloud
• Telco
• Colocation
• Large Enterprise
• Rest of Enterprise

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Data Center Physical Infrastructure 5-Year Forecasts

Published twice a year, in January and July, the Data Center Physical Infrastructure 5-year forecasts provide the most comprehensive forward view of the market. Each release combines updated market sizing with deep analysis of the technology, demand, and supply-side trends reshaping the category — from generative AI-driven density and liquid cooling adoption to grid constraints, onsite generation, and the evolving role of Open Compute Project specifications.

Forecasts cover the same segmentations, regions, and customer segments as the quarterly reports, with five-year revenue, unit shipment, and average selling price projections.

Click here to contact us to learn more about the Data Center Physical Infrastructure program and available purchasing options.