Overview and Scope
The green data center refer to a data repository with mechanical, lighting, electrical, and computer systems that are designed to improve energy efficiency and reduce the environmental effect. Organizations utilize data centers to handle, store and distribute huge amounts of information. Advanced technologies and methods are used in the design and operation of a green data center.
Sizing and Forecast
The green data center market size has grown rapidly in recent years. It will grow from <b>$66.68 billion in 2023 to $78.76 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. </b> The growth in the historic period can be attributed to environmental regulations, rise in energy costs, demand for efficient data storage and management, regulations and government initiatives.
The green data center market size is expected to see rapid growth in the next few years. It will grow to <b>$163.2 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. </b> The growth in the forecast period can be attributed to edge computing expansion, cloud computing growth, need to reduce carbon footprint, emerging market growth. Major trends in the forecast period include liquid cooling innovations, sustainable materials and design, water-efficient cooling technologies, renewable energy integration.
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Segmentation & Regional Insights
The green data center market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Data Center Size: Small and Medium-Sized Data Centers, Large Data Centers
3) By Verticals: BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Manufacturing, Other Verticals
<b>North America</b> was the largest region in the green data center market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the green data center market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing energy consumption by data centers is expected to propel the growth of the green data center market. Due to the rising digitalization and regulation, data centers are growing up all over the world requiring increased electricity to operate. The increasing number of data centers is leading to an increase in energy consumption as more power is required to support various data center functions. As the energy consumption increases, it will increase the cost of operation and cause environmental harm. This will drive significant demand for green data centers that are environmentally friendly options with reduced cost of operations as they use renewable energy to operate. For instance, in July 2023, the International Energy Agency, a France-based intergovernmental organization, the combined electricity consumption by Amazon, Microsoft, Google, and Meta more than doubled in 2021, reached approximately 72 terawatt-hours (TWh) in that year, and it is expected to increase in the coming years. Therefore, the growing energy consumption by data centers will drive the growth of the green data center market.
Key Industry Players
Major companies operating in the green data center market include <b> Schneider Electric SE, Vertiv Holdings Co., Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Tech LLC, International Business Machines Corporation, Cisco Systems Inc., Dell Inc., Fujitsu Ltd., Hitachi Ltd., Delta Electronics Inc., Rittal GmbH & Co. KG, Eaton Corporation Plc, Nortek Air Solutions LLC, Airedale International Air Conditioning Ltd., Asetek A/S, Bloom Energy Corporation, Carbon Relay Inc., Chatsworth Products Inc., Cologix Inc., CyrusOne Inc., Digital Realty Trust Inc., Equinix Inc., Green House Data Inc., Iron Mountain Inc., Johnson Controls International plc, Legrand SA, Panduit Corporation, Raritan Inc., Server Technology Inc. </b>
The green data center market report table of contents includes:
1. Executive Summary
2. Green Data Center Market Characteristics
3. Green Data Center Market Trends And Strategies
4. Green Data Center Market – Macro Economic Scenario
5. Global Green Data Center Market Size and Growth
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26. South America Green Data Center Market
27. Brazil Green Data Center Market
28. Middle East Green Data Center Market
29. Africa Green Data Center Market
30. Green Data Center Market Competitive Landscape And Company Profiles
Top Major Players:
- Schneider Electric SE
- Vertiv Holdings Co.
- Hewlett Packard Enterprise
- Green Revolution Cooling
- Midas Green Tech LLC
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