Green Data Center - Size & Forecasting To 2023

Green Data Center - Size & Forecasting To 2023

The global green data center market is estimated to be worth of USD 170.61 Billion in 2032 and is growing at a CAGR of 14.78% during the forecast period from 2023 to 2032. Global warming is the phenomena of actual and anticipated rises in the average temperature of Earth's atmosphere to a high level, which results from greenhouse effect caused by higher quantities of carbon dioxide, chlorofluorocarbons, and other pollutants producing environmental and health risks. The main causes of global warming and the increase in the temperature of the atmosphere are an increase in the density of electronics, more computing devices, and the powering of more user devices across networks.

A data centre is a big collection of networked computers servers that are generally used by businesses to store, analyses, or distribute massive quantities of data remotely. Datacenters have a reputation for consuming a lot of electricity. Over the past five years, the temperature in data centres and telecom rooms has soared. These Data Centers produce a huge quantity of heat. One of the main issues is cooling these rooms since poor cooling can lead to system failure, component failure, fatigue, shortened electronics life, and decreased system performance. It results in a significant loss for business organizations. The air cooling in most data centres is inefficient, which makes the issue worse. It results in a regular high use of electricity and other energy resources.

A green data centre is a business activity computing facility that is totally designed, maintained, and operated in accordance with green computing principles, offering the same features and capabilities as a traditional data centre but utilizing less energy and space. It may be viewed as a transformation that includes changes to the connection between IT and business, changes to the data centre supply chain employing Green Technologies, and technological innovation, operational improvements, new design concepts. A green data centre essentially consists of a utility power source, a facility electrically connected to the source, a renewable energy provider, and IT machinery electrically connected to the provider, where the entire power received by the IT equipment is equal to or greater than the utility power provided by the utility power source to achieve the effects of carbon reduction and energy conservation.

The green data centre has become a focus point for the transformation of the IT sector as a whole due to a combination of growing energy prices, expanding demand for processing capacity, environmental concerns, and economic pressure. In today's competitive world, green computing is now absolutely necessary to preserve the environment, conserve energy, and maintain operating costs. Large IT companies are currently putting green computing strategies into practice. Green energy accounts for another half of the power used for driving, making the power consumption of the green energy data centre system half that of a conventional data centre. The datacenter is environmentally friendly, uses less energy, and has higher profit margins.

Some prominent players of the market are Airedale (UK), Asetek (Denmark), CDP Energy (US), Cisco (US), Cyber Power Systems (US), DCX The Liquid Cooling Company (Poland), Dell Technologies (US), Delta Electronics (Taiwan), Eaton (Ireland), Fujitsu (Japan), Green Revolution Cooling (US), Hewlett Packard Enterprise (US), Inspur (China), Lenovo (Hong Kong), Midas Green Technologies (US), Nortek Air Solutions (US), Rittal (Germany), Schneider Electric (France), Submer (Spain), Super Micro (US), Tripp Lite (US), Vertiv (US), ZutaCore (US), and others.

Based on components, the market is bifurcated into solution and services.

Among these two, the solution sub-segment is anticipated to held a significant share in the market owing to implementation of several green initiative solutions, including cooling and electrical systems. Additionally, the growing need to improve data centre efficiency, growing use of data centres in the BFSI and healthcare industries will accelerate the adoption of these solutions. Businesses are being forced to use modern cooling technologies that are environmentally benign due to worries about the surge in heat production from data centres. This has encouraged the use of green data centre technologies.

However, the services sector is anticipated to develop at the fastest pace over the projection period due to end users' adoption of green data centre services, which guarantee the efficient operation of solutions and platforms throughout the process.

On the basis of data center type, the market is segregated into colocation data centers, managed service data centers,cloud service data centers, and enterprise data centers.

Among these the colocation data centers is anticipated to held a notable share in the market owing to the growingfinancial limitations related to the construction and operation of data centres, as well as the move toward colocationservices. Because of their constrained storage needs, SMEs are increasingly turning to data centre colocation.

Additionally, colocation suppliers are promoting the use of energy-efficient cooling technology to increase productivity,which is driving the industry's growth.

Based on data center size, the market is bifurcated into small & medium-sized data centers, and large data centers.

Among these, large data center sub segment is anticipated to held a notable share in the market. Large data centresemploy high-efficiency computer room air handler (CRAH) and precision air handling unit (PAHU) devices. Additionally,they feature improved liquid cooling that maximizes effectiveness and reduces losses. This type of huge data centreOn the basis of vertical, the market is segregated into BFSI, IT & Telecom, media & entertainment, healthcare,government & defense, retail manufacturing, and others.

The BFSI subsegment is anticipated to held a remarkable share in the market owing to the BFSI sector is one of thecrucial businesses that offers a wide range of goods and services. All BFSI institutes and businesses demand highlysecure data exchanges and storage. This market is heavily regulated and has a lot of client demand. As a large volumeof secure data must be kept and retrieved, large data centres are in high demand.consumes more electricity than mid-size and corporate data centres. As a result, more complex networking, server,storage, and other pieces of equipment are present in data centres, necessitating the use of effective green datacentre solutions and services. Major data centres are used by large businesses with a high density of cloud computingequipment. Large data centres are used as the storage system in green data centre architectures, which provideeffective power flow to both private and hybrid clouds.

Based on region, the Green Data Center Market has been segmented into North America, Europe, Asia Pacific, MiddleEast & Africa, and South America. In 2022, the Europe accounted for the significant share xx.xx% in the global GreenData Center Market. This region was valued at USD xx.xx million in 2022, and it is projected to grow at a CAGR ofxx.xx% during the forecast period, reaching USD xx.xx million by 2032.

North America region is expected to held a significant share in the market owing to the increase in digitalization andthe use of green data centre solutions by various industries, including manufacturing, BFSI, and governments.

Additionally, rapid technology development and the availability of several software and service vendors. Thegovernment authorities are actively taking steps to limit excessive energy usage because the country's expandingelectricity consumption has become a serious worry. Furthermore, the existence of major companies offers a wealthHowever, Asia-Pacific region is also anticipated to held a remarkable share in the market owing to the expansion ofdata centres in China and India. As a result of the significant market participants that these Asian nations' economicdevelopment attracts, there are more investments in data centres. Governments of this region are actively working toensure environmental sustainability, which is speeding up the construction of data centres and increasing smartphoneand internet adoption in Asian countries is also fueling the growth of the region's green data centre industry.