Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global green data center market size reached US$ 72.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 237.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.

A green data center refers to an environment-friendly facility that accommodates computers and servers for storage, management and distribution of data. It primarily operates on solar, wind or hydropower, and the components are designed for maximum energy efficiency and minimal carbon footprint. Some of the typically used components include energy-conserving power supply, centralized humidification, efficient servers, routers, heating, ventilation and air conditioning (HVAC) and light-emitting diode (LED) systems. In comparison to the traditionally used data centers, these systems aid in segregating workload, provide centralized control and ease of data migration, are more resilient and offer next-generation storage experience to the user.

Green Data Center Market Trends:

The market is primarily being driven by the growing requirement for energy-efficient computing systems, which is further facilitated by increasing digitization across industries. Moreover, rising environmental consciousness and the widespread adoption of data centers to store and manage the constantly increasing amounts of data, are driving the market growth. Green data centers are usually designed with on-site wind and solar farms that are constructed on the terrace of the building or facility. They also use the wastewater by recycling it for cooling purposes. Additionally, various product innovations, such as the utilization of low-emission building materials, paints, carpets, waste recycling systems and sustainable landscaping, for the construction of these data centers, are acting as other growth-inducing factors. Manufacturers are also using alternative technologies, such as evaporative cooling, heat pumps, photovoltaic cells and catalytic converters, for producing energy-efficient systems. This, along with significant growth in the information technology (IT) infrastructure, represents some of the other factors driving the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global green data center market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, data center type and industry vertical.

Breakup by Component:

Solutions 

Power Systems
Servers
Monitoring and Management Systems
Networking Systems
Cooling Systems
Others


Services

System Integration Services
Maintenance and Support Services
Training and Consulting Services
 



Breakup by Data Center Type:

Colocation Data Centers
Managed Service Data Centers
Cloud Service Data Centers
Enterprise Data Centers
 

Breakup by Industry Vertical:

Healthcare
BFSI
Government
Telecom and IT
Others
 

Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Cisco Technology Inc., Dell EMC Inc., Eaton Corporation, Ericsson Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hitachi Ltd, HP Inc., Huawei Technologies Co. Ltd., IBM, Microsoft Corporation, Schneider Electric SE, Siemens AG and Vertiv Co.

Key Questions Answered in This Report:

What was the size of the global green data center market in 2022?
What is the expected growth rate of the global green data center market during 2023-2028?
What are the key factors driving the global green data center market?
What has been the impact of COVID-19 on the global green data center market?
What is the breakup of the global green data center market based on the component?
What is the breakup of the global green data center market based on the data center type?
What is the breakup of the global green data center market based on industry vertical?
What are the key regions in the global green data center market?
Who are the key players/companies in the global green data center market?