"U.S. Data Center Power Equipment Spending to Reach $65 Billion by 2030"

by Ryu Hyunseok

Published 29 Apr.2026 09:39(KST)

It is projected that spending on power generation equipment for U.S. data centers will reach $65 billion (approximately 95 trillion won) by 2030. As the competition to build artificial intelligence (AI) infrastructure accelerates the expansion of data centers, investments in power grids and generation facilities are emerging as key growth drivers for related industries. Amid this trend, expectations are rising for Korean companies with competitive power equipment capabilities to win orders in North America.

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On April 28 (local time), energy consulting firm Wood Mackenzie analyzed that, with surging power demand in the United States, spending on power generation equipment for data centers could increase from $2.6 billion last year to $65 billion by 2030.

Wood Mackenzie also projected that U.S. data center capacity could reach 110 gigawatts (GW) by 2030, with total spending on power plant equipment increasing to $215 billion. The rapidly growing data center industry is expected to account for the largest share of the overall power equipment market.

Bloomberg reported that this growth reflects the trend of expanding large-scale computing infrastructure in the U.S. With the Trump Administration designating competition in AI system development as a national security issue, investment in related infrastructure is expanding rapidly.

Wood Mackenzie predicted that 68% of the increase in new U.S. power demand by 2030 will originate from data centers. In 2020, data centers accounted for less than 2% of the power equipment market. However, as expanding AI infrastructure causes a surge in power demand, the center of gravity in the equipment market is also shifting rapidly.

The report stated, "The scale of planned development illustrates the urgency of the response," and added, "Even considering the possibility that some projects may be delayed or canceled, data center capacity connected to the power grid is expected to nearly quadruple over the next four years."

However, the surge in energy demand is driving up both the price and lead time of power generation equipment, which is expected to act as an obstacle to data center development. According to the report, data center projects totaling approximately 600 GW are still in the process of securing power supply. In contrast, projects that have signed construction or power supply agreements with utilities amount to only 183 GW.

With demand for power equipment rising, Korean companies such as Hyosung Heavy Industries, HD Hyundai Electric, and LS ELECTRIC are also benefiting. Hyosung Heavy Industries recorded 4.1745 trillion won in new orders for its heavy industry division in the first quarter of this year, up 107.8% from the same period last year. Of this, orders for North America accounted for about 77%. HD Hyundai Electric's first-quarter orders amounted to $1.797 billion (about 2.646 trillion won), an increase of 34.6% year-on-year. LS ELECTRIC also saw new first-quarter orders rise to about 1.1 trillion won, up 27.4% from the previous year.