Green Data Center Market Will Generate Record Revenue by 2029

The global green data center market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period (2023-2030). The rising focus on Indian market to build green data center across the country is a key factor driving the global market. The recent focus of India towards green building infrastructure is anticipated to provide an impetus to green or sustainable data centers in India. Aiming for a global hub in cloud computing, content hosting and delivery, and data communication systems and services, the Telecom Regulatory Authority of India (TRAI) in November 2022 released recommendations on Regulatory Framework for Promoting Data Economy Through Establishment of Data Centers (DCs), Content Delivery Networks (CDNs), and Interconnect Exchanges (IXPs) in India.

India's Data Center Policy 2020, released by the Ministry of Electronics and Information Technology (MeitY) also acknowledges absence of specialized building norms to construct data centers, geographically limited submarine cable network connectivity, high cost of capital and operational expenditure. The IGBC (Indian Green Building Council), a division of the Confederation of Indian Industry (CII), has welcomed TRAI's recent recommendations for promoting data centers in India and considered it as a step forward in examining drawbacks that limit data centers to work efficiently, keeping in mind India-specific requirements. IGBC promotes the ideal PUE (Power Usage Effectiveness) of 1.4 to 1.5 for promoting green data centers, by taking into consideration the viewpoints of data center owners. Singapore and the Netherlands have set their PUE's to 1.3 and 1.2, respectively.

PUE indicates the energy efficiency of a data centre. It is the ratio of the total amount of energy used by a data center facility to the power supplied to the computing equipment. TRAI, in its recommendations has envisioned that the IGBC along with Telecommunication Engineering Center (TEC) should be "entrusted with task of framing certification standards of green DCs in India and the government must enforce such schemes to invite request for proposals (RFP) on an experimental basis for adopting new technologies and methods to promote green DCs." Moving forward in the direction of setting up of green data center; in October 2022, PhonePe, an Indian fintech platform launched its first green data centre in India, leveraging technologies and solutions from Dell Technologies and NTT. The facility opens up new opportunities in data management for PhonePe, with efficient data security, power efficiency, ease of operations, and cloud solutions.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-

By Component
By Data Center Size
By End-User Vertical
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Cisco Technology Inc., IBM Corp., Dell EMC Inc., Fujitsu Ltd., Hitachi Ltd. among others.

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Green Data Center Market Report Segment

By Component

Solution
Services
By Data Center Size

Small & Mild Size
Large Size
By End-User Vertical

Healthcare
Financial Services
Government
Telecom and IT
Other
Green Data Center Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

APC Corp.
Cyber Power System Inc.
Eaton Corp.
Fujitsu Ltd.
Hitachi Ltd
HP Inc.
Huawei Technologies Co. Ltd.
Midas Green technologies
NEC Corp.
Oracle Corp.
Schneider Electric SE
Vertiv Corp.
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More than 120 countries are for analysis.
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