What’s driving the Green Data Center Market Trends? | Key Players are Eco Datacenter, Eaton Corporation, HCL Technologies Limited, Green House Data, Siemens AG, and Verne GlobalGreen Data Center Market is projected to reach a revenue of over USD 25 billion by 2024. The high focus of government bodies across the world pushing organizations to reduce their carbon footprint and electricity consumption is driving the demand for the green data center market. For instance, the growth of the Chinese digital economy and the rise in conventional data center construction projects in the country have led to the government launching initiatives to enforce the adoption of energy-efficient technologies.
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Key Companies in Global Green Data Center Market: -
• Vendor Profiles
• Airedale Air Conditioning
• Bend Broadband
• Colocation America, Inc
• Dell Inc
• Eaton Corporation
• Equinix Inc
A key factor promoting the growth of the green data center market is that it allows companies to reduce their operational costs by utilizing strategies such as waste recycling, usage of renewable energy sources for cooling and power, and identifying dead or unused networking devices such as servers. In 2017, conventional U.S. data centers were reported to consume over 90 billion kilowatt-hours of electricity and are anticipated to increase to over 140 billion kilowatt-hours, costing businesses over USD 13 billion annually in electricity bills. In such a case, high costs can reduce the overall profits generated by the company.
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The segmentation of green data center market by component indicates that the solutions segment dominates in terms of revenue by over 76%. The high growth of the segment is largely attributed to the high demand for management software solutions, which allow the operator to identify the faults in the high-power usage and recommend preventive measures. The software also allows to identify unevenness in cooling and locate servers and devices, which consume energy that is above their required threshold.
3. Green Data Center Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Data center infrastructure industry landscape
188.8.131.52. Data center infrastructure market size & forecast, 2013 - 2024
184.108.40.206.1. North America
220.127.116.11.3. Asia Pacific
18.104.22.168.4. South America
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.3. Technology providers
3.3.4. Network providers
3.3.5. Service providers
3.3.6. System Integrators
3.3.7. Distribution channel analysis
3.3.8. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Edge and hyperscale data centers
3.4.2. Software-defined networking (SDN)
3.4.3. Green cloud computing
3.4.4. Computational fluid dynamics applications in green design
3.4.5. Impact of IoT sensing technologies
3.5. Regulatory landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. South America
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The colocation end-use segment is the largest consumer in the green data center market and has a growth rate of approximately 30%. There is a substantial rise in the number of SMEs, which have inadequate financial funds to host their own infrastructures. Additionally, the rise of cloud technologies and improvements in broadband speeds are boosting the colocation sector. The adoption of energy-efficient solutions allows these organizations to gain higher control over their spending on the various assets such as HVAC and networking.
Rapid industrial boom increase in outsourced IT services, activities, and government support for local manufacturing have led to the rise in SMEs in the South-East Asian regions, primarily among countries including China and India, fueling the green data center market growth.
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