Green Data Center Market To Be Propelled By Environmental Sustainability and Rising Energy Costs

Power Segment is Expected to Dominate the Global Green Data Center Market

According to TechSci Research report, "Global Green Data Center Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028". Global Green Data Center is anticipated to project robust growth in the forecast period with a CAGR of 16.37% through 2028. The global green data center market is expected from USD 57.63 billion in the current year and is projected to reach USD 120 billion over the next five years. Over the years, the concern regarding the growing percentage of energy consumption by data centers has alerted governments globally to regulate energy consumption, which is the primary factor for driving the green data center market. Also, the growth of data centers and colocation services are other factors driving green data centers.

As cloud computing becomes more energy-efficient and increasingly relies on renewable sources, other industry verticals such as manufacturing, transportation, and buildings are expected to turn to green data centers to reduce emissions. For instance, a car manufacturer can outsource all of its in-house computing to zero-emission data centers.

The rise in demand for data storage and storage space is a key factor driving the need for green data centers. According to Huawei, the global estimate of data center demand is expected to increase by 3 to 10 times over the forecast period. Green data center, which provides practical and eco-friendly solutions in terms of data storage and reduction in energy consumption, is expected to witness great demand, owing to the positive outlook of the data center storage needs and new constructions, which have been brought about due to the regulations and the anticipated rise in need to reduce the operational expenditure.

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Based on solution, power is expected to hold the largest share of Green Data Center market for during the forecast period, Green data centers are built to maximize energy efficiency and lower environmental impact. The key demand is for greater energy efficiency because these data centers' power consumption and cooling problems are two of the most significant problems that enterprises confront globally and invest heavily in these. It is vital to control these operating costs to improve business operations and maintain market competitiveness.

Power plays a significant role in investments in green data centers. Both low-power and effective solutions assist organizations in achieving their goals. Moving to variable-speed fans is one technique to reduce energy consumption in the data center. According to recent research, lowering the central processing unit (CPU) fan speed can reduce power consumption by 20%. As a result, businesses should employ variable-speed fans to cool data center equipment and reduce energy use.

Datacenter energy costs have exceeded the overall investments in equipment rooms and auxiliary devices. However, results from recent research have shown that this trend is slowing down due to the effective green efficiency measures taken up in mature markets of the United States and Europe.

Based on Region, North America will dominate the market, North America is among the leading innovators and pioneers in adopting Green Data Center. The North American region holds the largest share in the green data center market, owing to the presence of many services and software providers driving the market forward. The United States is expected to dominate the market in North America, followed by Canada, with high investments by colocation providers and hyper-scale data center operators. The demand for cost-effective and efficient power solutions has increased, with more facilities being developed as green data centers in North America. According to the Department of Energy, data centers account for about 2% of all electricity use in the US.

The expansion of mobile broadband, the emergence of 5G, growth in big data analytics, and cloud computing are the primary factors driving the demand for new data center infrastructures in this region. Network providers are working to ensure the implementation of 5G at a rapid pace for better innovation. Green data center providers have highlighted the reduction in the carbon footprint of corporations by reducing energy usage and increasing efficiency.

North America, comprising a considerable amount of data centers and a large number of enterprises switching from hardware to software-based services, is expected to impact the market significantly and be a lucrative market for data center transformation. Microsoft, Amazon, and Facebook pledged to convert their existing data centers into green ones.

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Key market players in the Global Green Data Center Market are following: -

• Fujitsu Ltd
• Cisco Technology Inc.
• HP Inc.
• Dell EMC Inc.
• Hitachi Ltd
• Schneider Electric SE
• IBM Corporation
• Eaton Corporation
• Vertiv Corporation

"The global green data center market is primarily driven by increasing concerns about environmental sustainability, rising energy costs, and the need to reduce carbon emissions. Government regulations and incentives encourage eco-friendly practices, while advancements in energy-efficient technologies and renewable energy adoption offer cost savings and operational efficiency. Corporate social responsibility initiatives, growing data volumes, and the integration of green building standards also fuel the demand for sustainable data center solutions. These drivers collectively push organizations to adopt green data center technologies, promoting energy efficiency and reducing their environmental impact." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Green Data Center Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Service (System Integration, Monitoring Service, and Professional Service), Solution (Power, Servers, Management Software, Networking Technologies, Cooling, and Other Solutions), User (Colocation Providers, Cloud Service Providers, and Enterprises), Industry Vertical (Healthcare, Financial Services, Government, Telecom & IT, and Other Industry Verticals), By Region, By Competition 2018-2028 has evaluated the future growth potential of Global Green Data Center Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Green Data Center Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations

2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Green Data Center Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Service (System Integration, Monitoring Service, and Professional Service)
5.2.2. By Solution (Power, Servers, Management Software, Networking Technologies, Cooling, and Other)
5.2.3. By User (Colocation Providers, Cloud Service Providers, and Enterprises)
5.2.4. By Industry Vertical (Healthcare, Financial Services, Government, Telecom & IT, and Other Industry Verticals)
5.2.5. By Region
5.3. By Company (2022)
5.4. Market Map ……Continue….

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