Green Data Center Market to hit US$ 266.9 billion in 2032

Throughout the years 2023-2032, the green data centre market is projected to grow significantly at a CAGR of 14.3%. According to PMR, the market for green data centres would increase from US$ 58.6 billion in 2021 to US$ 266.9 billion in 2032. The growth is driven by the increasing demand for data storage, government regulations for energy efficiency, and the need to reduce carbon footprint.

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Green data centers are data centers that are designed to reduce environmental impact by using sustainable and energy-efficient technologies. The global green data center market has witnessed significant growth in recent years due to the increasing demand for data storage and the need to reduce carbon footprint. This report aims to analyze the trends, drivers, and challenges of the green data center market.

Market Key Players

• DELL TECHNOLOGIES
• HPE
• EATON
• SCHNEIDER ELECTRIC
• VERTIV
• GREEN REVOLUTION COOLING
• MIDAS GREEN TECHNOLOGIES
• DELTA ELECTRONICS
• RITTAL
• CISCO

Market Drivers:

The growth of the green data center market is driven by several factors such as:

• Increasing demand for data storage: The growth of the digital economy has increased the demand for data storage, leading to the adoption of green data center technologies.

• Government regulations for energy efficiency: Government regulations for energy efficiency have increased the adoption of green data center technologies.

• Need to reduce carbon footprint: The need to reduce carbon footprint has increased the adoption of sustainable and energy-efficient technologies in data centers.

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The green data center market is expected to grow significantly in the coming years due to the increasing demand for data storage and the need to reduce carbon footprint. The market is segmented by component, type, and region. The growth of the market is driven by factors such as increasing demand for data storage, government regulations for energy efficiency, and the need to reduce carbon footprint. However, the market faces several challenges such as high initial investment, lack of awareness, and complexity of implementation.

Market Segmentation:

The green data center market is segmented by component, type, and region.

• By Component: The market is segmented into solutions and services. The solutions segment accounted for the largest market share in 2020 due to the increasing adoption of energy-efficient technologies such as cooling solutions, server virtualization, and power management systems.

• By Type: The market is segmented into enterprise, cloud, and colocation. The cloud segment accounted for the largest market share in 2020 due to the increasing demand for cloud-based services and the need for energy-efficient data storage solutions.

• By Region: The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America accounted for the largest market share in 2023 due to the increasing demand for data storage and the presence of major players in the region.

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Market Challenges:

The green data center market faces several challenges such as:

• High initial investment: The adoption of green data center technologies requires high initial investment, leading to higher costs.

• Lack of awareness: Lack of awareness about green data center technologies and their benefits among end-users may hinder market growth.

• Complexity of implementation: The implementation of green data center technologies is complex, requiring specialized skills and knowledge.

Request you to Read More-

https://www.globenewswire.com/news-release/2022/03/31/2414105/0/en/Green-Data-Center-Market-is-anticipated-to-have-a-significant-CAGR-of-14-3-during-the-period-of-2022-2032.html

https://www.einnews.com/pr_news/569377552/green-data-center-market-anticipated-to-have-a-significant-cagr-of-14-3-during-the-period-of-2022-2032

https://www.openpr.com/news/2931997/green-data-center-market-to-cross-us-266-9-billion-in-revenues

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