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The US Sustainable Data Center Market Investment to Reach $35.35 Billion by 2029, Shift Towards Renewable Energy Creating Immense Market Demand - Arizton
U.S. Sustainable Data Center Market Research Report
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Report Scope:
Market Size (2029): $35.35 Billion
Market Size (2023): $17 Billion
CAGR (2023-2029): 12.98%
Power Capacity (2029): 3,759 MW
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Infrastructure and Geography
Regional Analysis: United States (Southeastern U.S., Midwestern U.S., Southwestern U.S., Western U.S., and Northeastern U.S.)
Data center operators across the U.S. have increasingly embraced the trend of purchasing renewable energy throughout the year, marking a significant shift toward sustainability in the industry. Many operators, including colocation and hyperscale leaders such as AWS, Meta, CyrusOne, Equinix, Digital Realty, QTS Realty Trust, Microsoft, STACK Infrastructure, and Google, are actively opting for clean power sources like wind and solar to power their facilities. This collective effort reflects a strong commitment to fostering a cleaner and greener future for data center operations.
The sustainable data center market in the US is booming as companies embrace eco-friendly practices. Businesses increasingly adopt energy-efficient technologies and renewable energy sources to power their data centers, aligning with a broader global push for sustainability. This shift reduces environmental impact and emphasizes the economic benefits of green data solutions.
Major colocation operators such as Equinix, Digital Realty, STACK Infrastructure, NTT DATA CyrusOne, Vantage Data Centers, QTS Realty Trust, and others have pledged to become carbon neutral and procure renewable energy to power their data centers.
Investment Analysis
* In October 2023, Microsoft announced its plan for a new data center campus in Floyd County outside Rome, Georgia, called Project Firecracker, which is expected to cost around $1 billion and expected to be online by 2027-2028.
* In September 2023, Aligned Data Centers announced its plan to develop a new data center campus in Northern Ohio, for which it acquired around 130 acres of land.
* In September 2023, Google announced the expansion of its presence in Texas by building a new campus in the Red Oak area of Dallas and investing $600 million in developing a second data center in the Dallas-Fort Worth region.
* In August 2023, Vantage Data Centers completed the construction of their VA21 data center in Ashburn, Virginia.
Sustainable Data Center Growth in the Southeastern US: Northern Virginia and Atlanta Lead the Charge
The Southeastern U.S. encompasses West Virginia, Virginia, Kentucky, Tennessee, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Arkansas, Louisiana, and Florida. Northern Virginia, a prominent data center hub in the Americas, has achieved remarkable growth in its operational and under-development power capacity this year. Despite challenges with land and power availability, operators continue to expand their projects in the region, with a swift pre-leasing trend for new developments. Any land that offers adequate power and fiber access is in high demand for both colocation and hyperscale data centers.
Meanwhile, Atlanta has seen a significant surge in demand for data center space, which was previously lacking in the latter half of 2022. The market now boasts a substantial pipeline of projects, with growth occurring in established areas and emerging clusters nearby. The vacancy rate has dropped to a record low of less than 3%, supported by ongoing construction. Factors driving this growth include the increasing tech presence in the region, power constraints in Northern Virginia, a business-friendly environment, and heightened investor interest. Georgia has further solidified its commitment to the data center sector by implementing tax exemptions on high-tech data center equipment through 2033, leading to numerous projects in various stages of planning and development in the Atlanta market.
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Key Vendors
Data Center Investors
* Aligned Data Centers
* Sustainability
* Amazon Web Services
* Apple
* Centersquare (Evoque)
* CloudHQ
* Cologix
* Compass Datacenters
* CoreSite (American Tower)
* CyrusOne
* DataBank
* DartPoints
* DC BLOX
* Digital Realty
* EdgeConneX (EQT Infrastructure)
* EdgeCore Digital Infrastructure
* Equinix
* Flexential
* H5 Data Centers
* Iron Mountain
* Meta (Facebook)
* Microsoft
* Nautilus Data Technologies
* Novva Data Centers
* NTT DATA
* Oracle
* PowerHouse Data Centers
* Prime Data Centers
* QTS Realty Trust
* Sabey Data Centers
* Serverfarm
* Skybox Datacenters
* STACK Infrastructure
* Stream Data Centers
* Switch
* T5 Data Centers
* TierPoint
* Vantage Data Centers
* Yondr
Renewable Energy Providers
* Adapture Renewables
* Algonquin Power & Utilities Corp.
* Apex Clean Energy
* Avangrid Renewables
* DE Shaw Renewable Investments
* Dominion Energy
* ECL
* EDF Renewables
* Enel Group
* Engie
* Fervo Energy
* First Solar
* Leeward Renewable Energy
* Invenergy
* Lightsource bp
* NextEra Energy
* Pattern Energy
* Qcells
* Rocky Mountain Power
* Shell
* Solar Alliance Energy
* The AES Corporation
* Torch Clean Energy
* TotalEnergies
* Vitol Energy
Market Segmentation
Infrastructure
* Electrical Infrastructure
* Mechanical Infrastructure
* General Construction
Geography
* United States
* Southeastern U.S.
* Midwestern U.S.
* Southwestern U.S.
* Western U.S.
* Northeastern U.S.
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to understand the US sustainable data center market thoroughly. Request for Free Sample to get a glance at the report now: [https://www.arizton.com/market-reports/us-green-data-center-market]
What Key Findings Will Our Research Analysis Reveal?
How many MW of power capacity is expected to reach the Europe hyperscale data center market by 2029?
What is the growth rate of the Europe hyperscale data center market?
How big is the Europe hyperscale data center market?
What is the estimated market size in terms of area in the Europe hyperscale data center market by 2029?
What are the key trends in the Europe hyperscale data center market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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