Green Data Center Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The Green Data Center Market is expected to register a CAGR of 18.9% during 2023–2031. Rising adoption of cloud computing is likely to remain a key trend in the market.

Green Data Center Market Analysis

• The green Data Center market is significantly growing due to the high prevalence of environmental concerns and their impact on energy spending. The increase in the number of regulations enforced by governments and policy-making bodies has ultimately led rise in awareness about the environmental impact.
• Companies are consistently investing in eco-friendly infrastructure such as cooling systems, server virtualization networking disaster recovery and UPS & renewable energy to decrease their carbon footprint and the cost of operations.
• The global green Data Center market is expected to witness significant expansion over the projection period with North America being on the forefront of adopting eco-friendly Data Center infrastructure and solutions.
• The surging demand for cloud computing services and the growing spread of big data analytics will fuel the green data center market during the forecast period. Various players in the green data center market are striving to design and develop new innovative technologies to foster the development of energy-efficient cooling technologies that optimize energy consumption while minimizing the environmental impact.

Green Data Center Market Overview

• A green data center is also a repository for the storage, management, and dissemination of data in which the mechanical, lighting, electrical, and computer systems are designed to maximize energy efficiency and minimize environmental impact.
• The construction and operation of a green data center includes advanced technologies and strategies. Green data centers use less power, reducing overall energy consumption and the associated environmental impact.
• Increased sustainability the emphasis being on equipment reuse, responsible recycling, and sustainable construction, helps ensure the long-term sustainability of data centers.

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Green Data Center Market: Strategic Insights

Green Data Center Market

• 
  CAGR (2023 - 2031)

  18.9%
• Market Size 2023
  US$ XX Billion
• Market Size 2031
  US$ XX Billion

Market Dynamics

GROWTH DRIVERS

• Rising Demand for Sustainable Data Centers

FUTURE TRENDS

• Growing Technological Advancement

OPPORTUNITIES

• Rising adoption of cloud computing

Key Players

• Cisco Systems, Inc.
• Delta Power Solutions
• Digital Realty Trust
• Eaton
• Equinix, Inc.
• FUJITSU
• HCL Technologies Limited
• Hewlett Packard Enterprise Development LP
• IBM
• Schneider Electric

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Solutions
• Services

Type of Cooling

• Cold Plate Liquid Cooling
• Immersion Liquid Cooling
• Spray Liquid Cooling

Industry Vertical

• IT and Telecom
• BFSI
• Media and Entertainment
• Retail and E-commerce
• Government and Defense
• Healthcare

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Green Data Center Market Drivers and Opportunities

Rising Demand for Sustainable Data Centers to Favor the Market

• Green data centers use less power, reducing overall energy consumption and the associated environmental impact.
• Also, the growing emphasis on equipment reuse, responsible recycling, and sustainable construction helps ensure the long-term sustainability of data centers.
• Data centers provide uninterrupted access to digital services with backup power, advanced cooling, and security measures.
• Furthermore, as data centers employ multiple layers of security, both physical and digital, to protect valuable data its demand is increasing globally, fueling the growth of the market.

Growing Technological Advancement  

• New technologies for cooling systems, server virtualizations and green energy integration are developing new models for efficient and greener data centers.
• These include artificial intelligence and machine learning for real-time prediction to optimize their energy usage.
• Further, the growing technological advancement will also increase the operational efficiency of the green data center, creating an opportunity for the green data center market growth.

Green Data Center Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Green Data Center Market analysis are component, data center size, and industry.

• Based on component, the Green Data Center Market is divided into solutions and services. The solutions segment is further subsegmented into power, servers, networking technologies, cooling, and other.
• On the basis of data center size, the market is divided into small and medium data centers and large data centers.
• Based on industry, the green data center market is divided into BFSI, retail, telecom and IT, healthcare, and others.

Green Data Center Market Share Analysis by Geography

• Green Data Center Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Green Data Center Market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the Green Data Center Market in these regions.

Green Data Center Market Report Scope

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Green Data Center Market News and Recent Developments

The Green Data Center Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Green Data Center Market are listed below:

• Danfoss, Google, Microsoft and Schneider Electric, together with the Danish Data Center Industry, are launching a new pan-European initiative called Net Zero Innovation Hub For Data Centers, located in Fredericia, Denmark. The goal is to speed up common solutions for the green transition of data centers. (Source: Danfoss, Company News, September 2023).
• PhonePe, India’s leading fintech platform, announced the launch of its first Green Data Center in India, leveraging technologies and solutions from Dell Technologies and NTT. (Source: PhonePe, Company News, October 2022).

Green Data Center Market Report Coverage and Deliverables

The “Green Data Center Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Green Data Center Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Green Data Center Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
• Detailed PEST/Porter’s Five Forces and SWOT analysis.
• Green Data Center Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Green Data Center Market.
• Detailed company profiles.