Global Green Data Center Market Insights, Forecast to 2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Green Data Center- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
Green data center refers to an enterprise class computing facility that is entirely built, managed, and operated on green computing principles.
 
【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】 
https://www.qyresearch.com/reports/3057365/green-data-center
 
 

CoreWeave Partners with EcoDataCenter for NVIDIA Blackwell Clusters in Europe: 2024 European Green Data Center Market Overview and Future Outlook

Geneva, Switzerland, August 28, 2024
CoreWeave, a leading AI hyperscaler, has announced a strategic partnership with EcoDataCenter, a Swedish company specializing in sustainable data center solutions. The collaboration will see the deployment of one of Europe's first large-scale NVIDIA Blackwell training clusters, significantly boosting compute capacity across the continent. Scheduled to be operational by early 2025, this supercomputer will be hosted in Sweden and marks a major milestone in CoreWeave's European expansion strategy.
CoreWeave plans to utilize thousands of NVIDIA Blackwell GPUs to cater to the increasing demand for large-scale AI infrastructure from European AI labs and enterprises. This development is part of CoreWeave's broader initiative, which included a $2.2 billion investment earlier this year to establish new data centers in continental Europe powered entirely by renewable energy.
Mike Mattacola, Chief Business Officer of CoreWeave, highlighted the importance of this partnership for supporting the growing demand for AI and high-performance computing across Europe. Peter Michelson, CEO of EcoDataCenter, expressed pride in collaborating with CoreWeave to host the NVIDIA Blackwell clusters, emphasizing their shared commitment to sustainability and innovation.
Jaap Zuiderveld, Vice President of EMEA at NVIDIA, also underscored the significance of this deployment, noting that it will enhance compute capacity and deliver sustainable data center solutions for the region.
This announcement builds on CoreWeave's recent momentum, which includes a $7.5 billion debt financing facility led by Blackstone Tactical Opportunities, a $1.1 billion Series C funding round in May 2024, and a $2.3 billion debt financing facility in August 2023. CoreWeave's expansion into Europe is further evidenced by the establishment of three new data centers on the continent, adding to their two existing facilities in the UK.
Policy Analysis
The European data center industry is undergoing a significant transformation, driven by the increasing demand for digital infrastructure and a strong commitment to sustainability. Initiatives such as CoreWeave's partnership with EcoDataCenter to host NVIDIA Blackwell training clusters in Sweden highlight a growing trend towards environmentally sustainable data center solutions. This policy analysis examines the current landscape of green data centers in Europe, focusing on key policies, regulations, and industry practices aimed at reducing the carbon footprint of data centers.
1. Regulatory Framework and Policy Initiatives
Europe has been at the forefront of promoting sustainable practices in various industries, including data centers. The European Union (EU) has introduced several policies and regulations to encourage energy efficiency and reduce greenhouse gas emissions:
European Green Deal: This overarching strategy aims to make Europe climate-neutral by 2050. It emphasizes energy efficiency, the use of renewable energy, and the adoption of green technologies across sectors, including data centers.
EU Climate Law: Enacted in 2021, this law legally binds the EU to its 2050 climate-neutrality goal and sets interim targets, such as reducing greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels. Data centers are encouraged to align with these targets by adopting energy-efficient technologies.
Energy Efficiency Directive (EED): The EED mandates member states to achieve energy savings through various measures, including improving the energy efficiency of data centers. It sets specific guidelines for the energy performance of large data centers, requiring regular energy audits and the implementation of energy management systems.
Renewable Energy Directive (RED II): This directive sets targets for the share of renewable energy in the EU's energy mix. Data centers are encouraged to source electricity from renewable sources, contributing to the overall target of 32% renewable energy by 2030.
Code of Conduct for Energy Efficiency in Data Centres: Developed by the European Commission, this voluntary code provides guidelines and best practices for data center operators to enhance energy efficiency. It encourages the use of innovative cooling technologies, efficient power distribution, and monitoring systems to reduce energy consumption.
2. National and Local Initiatives
In addition to EU-wide policies, individual European countries have introduced national regulations and incentives to promote green data centers:
Sweden: Known for its commitment to sustainability, Sweden offers tax incentives for data centers using renewable energy. The country has also invested in green infrastructure, making it an attractive location for data centers focused on sustainability, such as the partnership between CoreWeave and EcoDataCenter.
Denmark: Denmark has introduced policies to attract green data center investments, including tax breaks and incentives for using renewable energy. The country is home to several major data centers that utilize wind energy and advanced cooling technologies.
Germany: Germany's Climate Action Plan 2050 sets ambitious targets for reducing carbon emissions and increasing energy efficiency. The German government encourages data centers to use renewable energy and implement energy-saving measures through grants and subsidies.
3. Industry Trends and Best Practices
The data center industry in Europe is increasingly adopting best practices to align with sustainability goals:
Renewable Energy Sourcing: Many data centers are powering their operations with 100% renewable energy. Companies are entering into power purchase agreements (PPAs) with renewable energy providers to ensure a steady supply of green energy.
Energy-Efficient Design: Green data centers are being designed with energy efficiency in mind. This includes optimizing the layout for airflow, using energy-efficient hardware, and employing advanced cooling techniques such as liquid cooling and free-air cooling.
Circular Economy Principles: Data centers are implementing circular economy principles, such as recycling and reusing components, to reduce waste and minimize their environmental impact.
Carbon Neutrality Goals: Leading data center operators are setting ambitious targets for carbon neutrality. This includes offsetting emissions through various initiatives and investing in carbon capture and storage technologies.
4. Challenges and Opportunities
While significant progress has been made in the green data center industry, challenges remain:
High Energy Demand: The growing demand for data and digital services increases the energy consumption of data centers. Balancing this demand with sustainability goals is a key challenge.
Investment Costs: Implementing green technologies can be capital-intensive. While the long-term benefits include lower operational costs and environmental impact, the initial investment may be a barrier for some operators.
Regulatory Compliance: Meeting the diverse regulatory requirements across different European countries can be complex for data center operators, especially those with operations in multiple locations.
Opportunities:
Innovation in Cooling Technologies: Advances in cooling technologies offer opportunities to reduce energy consumption. Innovations such as immersion cooling and AI-driven energy management systems can significantly improve efficiency.
Collaboration and Partnerships: Partnerships like the one between CoreWeave and EcoDataCenter highlight the potential for collaboration to drive sustainability. Sharing best practices and resources can accelerate the adoption of green technologies.
Consumer Demand for Sustainability: As more organizations prioritize sustainability, there is growing demand for green data center services. This trend offers a competitive advantage for data centers that demonstrate a strong commitment to environmental responsibility.

Market Overview
Key Market Drivers
Regulatory Pressure and Sustainability Commitments: The European Union's stringent environmental regulations, such as those outlined in the European Green Deal, are compelling data centers to adopt more sustainable practices. The Climate Neutral Data Centre Pact, signed by over 100 companies representing more than 90% of Europe's data center capacity, has been a major catalyst for this transformation. These companies are committed to powering their operations with 100% renewable energy by 2030.
Technological Innovations: Advances in energy-efficient infrastructure, such as liquid cooling, modular designs, and AI-driven optimization, are making it more feasible for data centers to reduce their carbon footprint. Hyperscale operators like AWS, Google, and Microsoft are leading the way by integrating renewable energy sources into their operations and setting benchmarks for the rest of the industry.
Growth of Colocation Services: The colocation segment, where multiple businesses share data center infrastructure, is becoming increasingly popular. This model not only reduces individual environmental impact but also lowers operational costs by optimizing resource utilization. In 2023, this segment alone was valued at around USD 7.5 billion, highlighting its importance in the market's push toward sustainability.
Challenges and Opportunities
High Initial Costs: One of the significant barriers to the widespread adoption of green technologies in data centers is the high upfront cost associated with eco-friendly infrastructure. Despite the long-term savings and environmental benefits, the initial investment remains a deterrent for some operators.
Regional Expansion: While traditional data center hubs like the FLAP markets (Frankfurt, London, Amsterdam, and Paris) continue to grow, there is a noticeable shift towards Southern European countries such as Spain, Portugal, and Greece. These regions offer abundant renewable energy resources and lower land costs, making them attractive for new green data center investments.
Market Outlook
The European green data center market is expected to maintain its growth trajectory, driven by continuous technological innovations and the increasing adoption of renewable energy. By 2032, the global market for green data centers is projected to reach USD 198.3 billion, with Europe playing a pivotal role due to its regulatory environment and strong commitment to sustainability.

Future Outlook
The future of the green data center industry in Europe looks promising, driven by a convergence of regulatory initiatives, technological innovations, and growing market demand for sustainable data infrastructure.
1. Regulatory Push for Sustainability: The European Union's commitment to achieving carbon neutrality by 2050, as outlined in the European Green Deal, is a significant driver for the green data center market. The Climate Neutral Data Centre Pact, signed by over 100 companies representing more than 90% of Europe's data center capacity, underscores this commitment by pledging to transition fully to renewable energy by 2030. This regulatory environment is encouraging data center operators to adopt more energy-efficient and sustainable practice.
2. Technological Advancements and Innovations: The development of advanced cooling technologies is pivotal for the green data center sector. Liquid cooling systems, which are more energy-efficient than traditional air-based systems, are gaining traction. They help to significantly reduce power usage, lower water consumption, and minimize the carbon footprint of data centers. Other innovations include AI-driven optimization for monitoring and managing energy use, enhancing overall data center efficiency.
3. Expansion to New Geographical Locations: As the demand for data storage grows, European data center operators are looking towards regions with abundant renewable energy resources, such as Spain, Portugal, and the Nordics. These regions offer favorable conditions for green energy production, making them attractive for future data center developments. This geographical expansion aligns with Europe's broader energy transition goals and helps meet the increasing data demand sustainably.
4. Growing Focus on AI and High-Performance Computing: The integration of artificial intelligence (AI) in data centers is a significant trend. AI requires high computational power, which in turn increases the demand for data centers equipped with high-density racks and advanced cooling solutions. The adoption of AI and machine learning in data centers also enhances energy efficiency by optimizing operations and reducing waste.
5. Circular Economy and Reduced Carbon Footprint: There is a growing emphasis on reducing embodied carbon in the construction and operation of data centers. This includes using sustainable building materials, recycling infrastructure components, and incorporating modular designs that facilitate the reuse and recycling of data center materials. The industry is also exploring the reuse of waste heat from data centers to provide heating solutions to nearby communities, further supporting sustainability goals.
6. Increased Collaboration and Strategic Partnerships: The green data center industry is witnessing a rise in strategic alliances and partnerships aimed at enhancing sustainability. Companies are collaborating to share resources, reduce costs, and improve their environmental footprint. Such partnerships are critical for scaling up green initiatives and meeting future market demands.

Challenges
The green data center industry in Europe is poised for growth, driven by increasing demand for sustainable digital infrastructure. However, the industry faces several key challenges that could hinder progress:
Energy Performance and Efficiency: Improving energy performance is a top concern for data center operators. With a significant focus on reducing power usage and minimizing carbon footprints, data centers are under pressure to enhance their energy efficiency. According to research by the Uptime Institute, around 68% of data center managers express concerns about energy consumption, making it a priority to optimize energy use across facilities.
Talent Shortages: Finding and retaining skilled professionals is a major challenge. The demand for experts in data center management, especially those knowledgeable in advanced cooling and energy-saving technologies, is high. In 2023, more than half of European data centers reported difficulties in attracting qualified staff. This issue is likely to persist, impacting operational efficiency and the ability to meet sustainability goals.
Sustainability Goals and Compliance: As the EU pushes for more stringent environmental regulations, data centers face increasing pressure to meet sustainability targets. Compliance with directives like the Corporate Sustainability Reporting Directive (CSRD) and the Energy Efficiency Directive will require detailed reporting of greenhouse gas emissions and other environmental impacts starting from 2024. This adds an administrative burden and requires investment in monitoring and reporting technologies.
Managing Increasing Workloads: The demand for data storage and processing continues to grow, driven by trends like AI and IoT. Predictions indicate that workloads will increase by 10-20% annually over the next five years. Scaling operations to meet these demands while also adhering to energy and carbon reduction targets presents a significant challenge.
Power Supply and Grid Limitations: Many European regions face power supply constraints, which can limit the expansion of data center capacities. As more facilities aim to become carbon-neutral, the reliance on renewable energy sources intensifies. This requires not only an increase in the production of renewable energy but also the development of infrastructure capable of integrating and distributing this energy efficiently
Addressing these challenges will be crucial for the continued growth and sustainability of the green data center industry in Europe. Efforts to improve energy efficiency, attract skilled talent, meet regulatory compliance, manage increasing workloads, and ensure a stable power supply are essential steps towards a more sustainable future for data centers.

Investment Opportunities
The European green data center industry offers numerous investment opportunities, driven by increasing digitalization, regulatory pressures for sustainability, and advancements in technology. Here's a breakdown of key areas for potential investment:
1. Growth in AI and Cloud Computing Demand: The surge in artificial intelligence (AI) applications and cloud computing is significantly increasing the demand for green data centers. These technologies require extensive data processing capabilities, making energy-efficient and sustainable infrastructure critical. Large-scale data centers, particularly those integrating AI-driven optimization, offer promising returns due to their ability to handle high workloads while maintaining lower energy consumption.
2. Expansion of Edge and Colocation Data Centers: With the rollout of 5G technology and the need for low-latency data processing, there is a growing demand for edge data centers. These smaller, localized centers are crucial for supporting IoT and AI applications. Investments in edge data centers and colocation facilities, which allow multiple organizations to share infrastructure, present opportunities to meet the increasing need for data storage while optimizing energy use.
3. Renewable Energy Integration: Many data center operators are committing to using renewable energy sources to power their facilities. This shift is driven by both regulatory requirements and consumer demand for sustainable practices. Investment in renewable energy infrastructure, such as solar and wind power, directly supports the green data center market by providing the necessary power for these operations.
4. District Heating Initiatives: The concept of district heating, where excess heat generated by data centers is used to warm nearby residential and commercial buildings, is gaining traction in Europe. This not only reduces the overall carbon footprint of data centers but also provides a secondary revenue stream. Investing in projects that integrate data centers with local heating networks can be a profitable and environmentally friendly venture.
5. Technological Innovations and Energy Efficiency: Innovations in cooling technologies, such as liquid cooling and AI-driven optimization, are making data centers more energy-efficient. These advancements reduce operational costs and enhance performance, providing attractive investment opportunities. Companies that focus on developing and deploying these technologies stand to benefit from the increasing emphasis on sustainability.
6. Regulatory Compliance and Sustainability Initiatives: The European Union's strict environmental regulations, including the Corporate Sustainability Reporting Directive (CSRD) and the Energy Efficiency Directive, are driving the adoption of green practices. Investing in data centers that prioritize compliance with these regulations can yield significant benefits, as regulatory adherence is becoming a key differentiator in the market.

Related Market Reports From QY Research

QY Research Releases Comprehensive Market Reports on the Green Data Center Market, as shown in the links below. These reports provide an in-depth analysis of the current market landscape, key trends, and future growth opportunities.

Global Green Data Center Market Insights, Forecast to 2030
https://www.qyresearch.com/reports/3057365/green-data-center
Global Green Data Center Market Research Report 2024
https://www.qyresearch.com/reports/2184975/green-data-center
AI Data Center- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
https://www.qyresearch.com/reports/2989793/ai-data-center
Data Center CDU- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
https://www.qyresearch.com/reports/3296987/data-center-cdu
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Green Data Center market is segmented as below:
By Company
    APC Corp (Schneider Electric)
    Cisco
    Dell
    Eaton
    EMC
    Emerson Network Powers
    Fujitsu
    Hitachi
    HP
    IBM
 
Segment by Type
    Solutions (Server, Networking)
    Services (Professional, Monitoring, SI)
 
Segment by Application
    Communication
    Bank
    Government
    Other
 
Each chapter of the report provides detailed information for readers to further understand the Green Data Center market:
Chapter 1: Introduces the report scope of the Green Data Center report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Green Data Center manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Green Data Center market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Green Data Center in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Green Data Center in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Green Data Center competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Green Data Center comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Green Data Center market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
Global Green Data Center Market Research Report 2024
Green Data Center - Global Market Insights and Sales Trends 2024
Global Green Data Center Market Research Report 2023
Global Green Data Center Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
Global Green Data Center Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global and United States Green Data Center Market Report & Forecast 2022-2028
United States Green Data Center Market Report & Forecast 2021-2027
 
 

 

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