Press release
With 21.2% CAGR, Green Data Center Market Size to Reach US$ 237.1 Billion by 2023-2028
Green Data Center Market Report 2023
Report Highlights
How big is the green data center market?
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.
What is a green data center?
A green data center refers to an environmentally friendly and energy-efficient facility designed to minimize its carbon footprint and reduce energy consumption. It incorporates various sustainable practices, technologies, and designs to optimize resource utilization and minimize environmental impact. It employs several strategies to achieve its eco-friendly goals, such as energy efficiency. It utilizes advanced cooling techniques, such as liquid cooling, hot/cold aisle containment, and intelligent temperature management systems, to reduce energy consumption for cooling servers and other equipment. It also makes use of energy-efficient hardware, such as low-power processors and solid-state drives, to minimize power consumption. Renewable energy sources are essential in green data centers as it uses solar panels, wind turbines, geothermal systems, or hydroelectric power to generate clean and sustainable energy. Additionally, it often implements energy management systems and smart grids to monitor, control, and optimize power usage across the facility. It also facilitates proper waste management and recycling practices in green data centers, prioritizes responsible disposal of electronic waste (e-waste), and promotes recycling programs for old or obsolete equipment, which helps prevent harmful chemicals and materials from entering landfills and reduces the need for raw material extraction.
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What are the growth prospects and trends in the green data center industry?
The market is primarily driven by the rising awareness of environmental sustainability and the need to reduce carbon footprints. Companies across various industries are recognizing the importance of adopting eco-friendly practices and are actively seeking data center solutions that align with their sustainability goals. Additionally, green data centers offer significant energy efficiency improvements, using advanced cooling systems, renewable energy sources, and optimized server infrastructure, which ultimately leads to reduced energy consumption and lower greenhouse gas (GHG) emissions, contributing to market growth. Moreover, with the emergence of innovative technologies such as virtualization, efficient power management systems, and intelligent cooling mechanisms to optimize energy usage, by reducing power consumption and operating costs, companies can achieve long-term financial savings, representing another major growth-inducing factor. Along with this, governments are implementing stringent environmental regulations and standards to combat climate change and promote sustainable practices that often require businesses to adopt energy-efficient technologies and reduce their carbon footprint, propelling the market growth. Apart from this, the increasing demand for cloud computing services to meet the growing computing needs of businesses and individuals while minimizing their environmental impact is fueling the growth of the green data center market. Furthermore, green data centers offer the scalability and efficiency required to support cloud computing infrastructure while minimizing energy consumption and enable cloud providers to deliver reliable and sustainable services to their customers, propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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
Vertiv Co
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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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