On-site Photovoltaic Solar Power for Data Centers Market Size

On-Site Photovoltaic Solar Power for Data Centers Market size was valued at USD 25.95 billion in 2024 and is likely to cross USD 60.29 billion by 2037, registering more than 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of on-site photovoltaic solar power for data centers is estimated at USD 27.34 billion. Due to their high electricity consumption, data centers need both a backup power supply and a constant power source to guarantee that data is continuously being collected.

Globally, the data center power consumption was projected to be between 240 and 340 TWh1, or roughly 1.3% of the world's total final electricity demand, in 2022.  A normal data center uses several tens of megawatts to several kilowatts of electricity. The data center's high running expenses are a result of its heavy reliance on the power supply. However, the rapid advancements in energy efficiency have served to restrain the rise in energy consumption from data centres and data transmission networks, which together consume 1% to 1.5% of the world's electricity.

Governments and commercial companies are also creating new technology, such as polymer solar cells. For instance, in November 2023, Danish printed electronics equipment firm InfinityPV offered a novel imaging technology for contactless fault detection in roll-to-roll printed thin film solar cell manufacturing lines. Manufacturers of perovskite, organic, kesterite, copper indium gallium diselenide (CIGS), and amorphous silicon PV foils can utilize the so-called ultrafast laser beam-induced current mapping technology, which can be retrofitted into already-existing roll-to-roll lines. Compared to the current silicon solar cell technology, these are anticipated to be 1000 times thinner, more flexible, lighter, and less expensive.