Market Overview:
The Global Green Data Center Market Size Was Valued At USD 108.41 Billion In 2022 And Is Projected To Reach USD 441.86 Billion By 2030, Growing At A CAGR Of 19.2% From 2023 To 2030.
A Green Data Center, characterized by its energy-efficient design and environmentally conscious practices, represents a transformative solution to the challenges encountered by conventional IT companies' data centers. These challenges encompass issues related to cooling, spatial constraints, and the escalating power consumption inherent to contemporary data storage facilities. Distinguished by its notably reduced energy usage in comparison to conventional counterparts, the Green Data Center emerges as a pivotal remedy. This pivotal attribute is poised to substantially influence the trajectory of the market, fostering its expansion.
The escalating cost of electricity poses a continued concern for data center operators, thereby accentuating the imperative for energy-efficient alternatives. The ascent of the Green Data Center market finds impetus not only from financial considerations but also from an escalating environmental consciousness pervasive among enterprises. As the relentless surge in data traffic fuels demand for efficient storage and management solutions, the Green Data Center emerges as a paragon of energy-efficient efficacy in data storage. Governments across diverse nations are also actively focusing on cost-effective, sustainable, and eco-friendly data center construction, leading to the success of Green Data Center market.
Top Key Players for Green Data Center Market:
Schneider Electric, Vertiv, Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Technologies, Delta Electronics, Rittal, Eaton, Cisco, Nortek Air Solutions, Dell Technologies, Asetek, Airedale, Lenovo, Fujitsu, Cyber Power Systems, Super Micro, Tripp Lite, Inspur, CDP Energy, Bxterra Power Technology, ZutaCore, Submer, DCX The Liquid Cooling Company, Liqit io, Other Major Key Players.
Market Dynamics and Factors for Green Data Center Market:
Drivers:
Increasing Demand For Energy-Efficient Data Centres
The rising demand for energy-efficient data centers is expected to be the primary driving force behind the growth of the green data center market. As traditional data centers grapple with issues such as cooling, space, and escalating power usage, the need for sustainable and eco-friendly alternatives becomes paramount. Green data centers, with their reduced energy consumption and environmentally conscious design, are poised to meet this demand and play a pivotal role in the evolving landscape of data storage and management.
Opportunities:
Emergence of AI in Cooling and Power Technologies
The emergence of AI in cooling and power technologies presents a compelling opportunity. By integrating AI-driven solutions, data centers can optimize cooling systems and power usage in real-time. AI algorithms analyze data to dynamically adjust cooling mechanisms, ensuring efficient temperature control and minimizing energy consumption. This synergy not only enhances operational efficiency but also aligns with the eco-friendly goals of green data centers. Leveraging AI in these critical areas holds the potential to revolutionize data center sustainability and contribute significantly to the burgeoning market for energy-efficient solutions.
Segmentation Analysis of the Green Data Center Market:
By Component, Solution segment dominates the market fueled by innovative startups introducing pioneering technologies. These solutions encompass cooling advancements like Immersion4 Global's energy conversion from digital heat, DDC Cabinet Technology's energy-efficient server cabinets, GreenPow Edge Computing's distributed computing model, and Multigrid's hyperscale computing infrastructure. Evoque Data Center Solutions' colocation centers further underscore this trend, collectively propelling the segment growth.
By End-User, The IT and telecommunications sector occupies a prominent position, driving the market's growth through innovative startups' solutions. These advancements cater to the sector's escalating demand for efficient and sustainable data management infrastructure.
Regional Analysis of the Green Data Center Market:
The Asia-Pacific (APAC) region is poised to show the fastest growth within this market. With ongoing technological adoption and a robust digital infrastructure drive, APAC showcases a substantial appetite for energy-efficient solutions like green data centers. Rapid economic expansion, coupled with escalating data storage demands, further propels the region's prominence. As businesses increasingly prioritize sustainability, APAC's embrace of eco-friendly data centers aligns perfectly, fostering a conducive environment for accelerated market growth in the region.
Key Industry Development:
January 2020, The Swiss Data Center Efficiency Label was unveiled at the World Economic Forum Annual Meeting by a coalition of academic and business professionals with the primary objective of decarbonizing data centres in Switzerland and greatly lowering their overall energy consumption. The Swiss Datacenter Efficiency Association (SDEA), which will oversee the evaluation and granting procedure for the mark, was created by the industry association digital Switzerland and HPE. Through its Swiss Energy programme, the Swiss Federal Office of Energy supports the effort.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
