Green Data Center Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Schneider Electric SE, Vertiv Holdings Co., Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Tech LLC

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2388

The Business Research Company offers in-depth market insights through Green Data Center Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The green data center market size has grown rapidly in recent years. It will grow from $66.68 billion in 2023 to $78.76 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to environmental regulations, rise in energy costs, demand for efficient data storage and management, regulations and government initiatives.

The green data center market size is expected to see rapid growth in the next few years. It will grow to $163.2 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to edge computing expansion, cloud computing growth, need to reduce carbon footprint, emerging market growth. Major trends in the forecast period include liquid cooling innovations, sustainable materials and design, water-efficient cooling technologies, renewable energy integration.

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Market Segmentation:
The main components of green data centers include solutions, and services. Solutions refer to green data center solutions such as enhanced technology, management assessment, green procurement, recycling, and others. The data center size included small and medium-sized data centers and large data centers and are used in BFSI, IT and telecom, media and entertainment, healthcare, government and defense, manufacturing, and other verticals.

Major Driver - Rising Energy Demands Of Data Centers Fueling Growth In The Green Data Center Market
The growing energy consumption by data centers is expected to propel the growth of the green data center market. Due to the rising digitalization and regulation, data centers are growing up all over the world requiring increased electricity to operate. The increasing number of data centers is leading to an increase in energy consumption as more power is required to support various data center functions. As the energy consumption increases, it will increase the cost of operation and cause environmental harm. This will drive significant demand for green data centers that are environmentally friendly options with reduced cost of operations as they use renewable energy to operate. For instance, in July 2023, the International Energy Agency, a France-based intergovernmental organization, the combined electricity consumption by Amazon, Microsoft, Google, and Meta more than doubled in 2021, reached approximately 72 terawatt-hours (TWh) in that year, and it is expected to increase in the coming years. Therefore, the growing energy consumption by data centers will drive the growth of the green data center market.

Competitive Landscape:
Major companies operating in the green data center market include Schneider Electric SE, Vertiv Holdings Co., Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Tech LLC, International Business Machines Corporation, Cisco Systems Inc., Dell Inc., Fujitsu Ltd., Hitachi Ltd., Delta Electronics Inc., Rittal GmbH & Co. KG, Eaton Corporation Plc, Nortek Air Solutions LLC, Airedale International Air Conditioning Ltd., Asetek A/S, Bloom Energy Corporation, Carbon Relay Inc., Chatsworth Products Inc., Cologix Inc., CyrusOne Inc., Digital Realty Trust Inc., Equinix Inc., Green House Data Inc., Iron Mountain Inc., Johnson Controls International plc, Legrand SA, Panduit Corporation, Raritan Inc., Server Technology Inc.

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Top Trend - Cloud Services Driving Transformation In The Green Data Center Market
Cloud services are a key trend gaining popularity in the green data center market. Cloud services are a range of services delivered on-demand to businesses through the server over the internet, removing the need for internal infrastructure or hardware. Cloud services also support the existing infrastructure such as a cloud center or facility. Cloud services in green data centers offer the advantage of cloud experience by reducing complexity and maintaining ownership of the data while managing the workload with its functionality. Key players in the market are focusing on providing or implementing cloud services in their offerings to strengthen their market position. For instance, in June 2021, Hewlett Packard Enterprise (HPE), a US-based multinational information technology company introduced new HPE GreenLake cloud services to support critical applications in a variety of industries including 5G, financial services, electronic medical records, analytics, artificial intelligence (AI), and high-performance computing (HPC). These advancements will further strengthen HPE's leadership in offering cloud services anywhere, in a customer's data center, colocation facility, or at the edge. This cloud service transforms and modernizes workloads from data centers to a cloud operating model with optimization and security.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Green Data Center Market Characteristics
3. Green Data Center Market Trends And Strategies
4. Green Data Center Market - Macro Economic Scenario
5. Green Data Center Market Size And Growth
…..
27. Green Data Center Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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