Green Data Center Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Green Data Center Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Green Data Center Market

The green data center market size was valued at USD 70.14 billion in 2023, and the market is now projected to grow from USD 81.12 billion in 2024 to USD 279.54 billion by 2032, exhibiting a CAGR of 16.7% during the forecast period of 2024-2032.

The COVID-19 pandemic precipitated global companies to adapt to the brand new regular and undertake slow adjustments. As work-from-domestic became more famous, hyperscalers like Google, Microsoft, and AWS confronted expanded demand for cloud infrastructure. Remote employment, on line studying, and developing use of digital technology have led to sizeable records generation. Demand for statistics facilities expanded to deal with online sports which include e-commerce, video conferencing, and OTT streaming.

Using new technology like AI and ML in green statistics facilities can also automate operations and reduce carbon footprint. As digital transformation spreads, there may be a surge in demand for data offerings. Data center operators strive for efficient electricity, ample space, and a competent crew to meet growing needs. Operators are tackling these issues by integrating Al, IoT, and ML into their infrastructure. Al-based robots can forecast power outages, improve performance metrics, and save maintenance expenses. Additionally, digital twins using Al and ML help data centers reduce their carbon impact.

The green data center market growth is expected to rise due to improved call for energy-green infrastructure and renewable electricity assets such as solar, wind, hydropower, and geothermal. Sustainable statistics facilities may significantly reduce carbon emissions by the usage of renewable power in preference to fossil fuels.

Comprehensive Analysis of Green Data Center Market

The market is segmented into solutions and services, with solutions focusing on power systems, monitoring & management systems, cooling/HVAC systems, and networking systems. The solutions segment is expected to record the highest CAGR due to growing demand for green technologies. The services segment is categorized into colocation providers, Cloud Service Providers (CSPs), and enterprises. Colocation providers offer better efficiency and reduced environmental impact, while enterprises prioritize environmental responsibility and sustainability. The market is expected to grow rapidly in the future.

The North America region lead the green data center market share by benefitting a market size of USD 29.88 billion in 2023 due to North America is seeing significant investment from colocation providers and hyperscale data center operators. Furthermore, the presence of important competitors opens up several chances for market expansion. Several colocation providers inside the region have signed Power Purchase Agreements (PPAs) to apply renewable energy to strength homes.

Major players include Dell EMC Inc. (US), Fujitsu Ltd. (Japan), Cisco Systems, Inc. (US), HP Inc. (US), Hitachi Limited (Japan), Schneider Electric SE(France), IBM Corporation (US) and Eaton Corporation (Ireland), Vertiv Corporation (U.S.) and Green Revolution Cooling, Inc. (U.S.) are cooperating with similar firms to increase financial advantages for bot companies. Partnerships help organizations increase sales and save expenses by merging resources.

In December 2023, Liberation Technology Services (LTS) teamed with E-New Data Corp. to create a cutting-edge, environmentally friendly data center by 2024. LTS and E-New Data Co., Ltd. collaborate to drastically reduce electricity and water use in data centers compared to existing methods.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 16.7% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Component

Solutions

- Power System

- Monitoring & Management System

- Cooling/HVAC System

- Networking System

Services

- Professional

- Managed

By User

Colocation Providers

Cloud Service Providers (CSPs)

Enterprises

By Region

North America (By Component, By User, and By Country)

- U.S. (By User)

- Canada (By User)

- Mexico (By User)

South America (By Component, By User, and By Country)

- Brazil (By User)

- Argentina (By User)

- Rest of South America

Europe (By Component, By User, and By Country)

- U.K. (By User)

- Germany (By User)

- France (By User)

- Italy (By User)

- Spain (By User)

- Russia (By User)

- Benelux (By User)

- Nordics (By User)

- Rest of Europe

Middle East & Africa (By Component, By User, and By Country)

- Turkey (By User)

- Israel (By User)

- GCC (By User)

- North Africa (By User)

- South Africa (By User)

- Rest of Middle East & Africa

Asia Pacific (By Component, By User, and By Country)

- China (By User)

- India (By User)

- Japan (By User)

- South Korea (By User)

- ASEAN (By User)

- Oceania (By User)

- Rest of Asia Pacific


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