Press release
Green Data Center Market: Rapid Growth Driven by Sustainability
What Is The Projected Market Size Of The Global Green Data Center Market And Its Growth Rate?
The Green Data Center Market is witnessing an unanticipated growth, fueled largely by technological innovations and heightened consciousness towards conserving energy.
o Market Size in 2024: $77.12 billion
o Market Size in 2025: $90.2 billion with a CAGR of 17.0%
o Expected Market Size in 2029: $202.29 billion with a CAGR of 22.4%
The contributing factors for growth in the historic period and the forecast period respectively include environmental regulations, rise in energy costs, edge computing expansion, cloud computing growth, and efforts to reduce carbon footprint.
What Is Driving The Growth In The Green Data Center Market?
The growth of the green data center market is powered by increasing energy consumption by data centers. As digitalization spreads and regulations tighten, the proliferation of data centers around the world requires increased electricity consumption. This rise in energy consumption escalates operational costs and potential environmental harm, spurring demand for green data centers that are eco-friendly and powered by renewable energy sources. For example, the UK produced 934,000 barrels per day and 1.1 trillion cubic feet of natural gas in 2021, according to the US Energy Information Administration. This surging energy consumption by data centers will undeniably propel the growth of the green data center market.
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Who Are the Key Players Driving Green Data Center Market Growth?
The major players driving growth in the green data center market include:
o Schneider Electric SE
o Vertiv Holdings Co.
o Hewlett Packard Enterprise
o Green Revolution Cooling
o Midas Green Tech LLC
o International Business Machines Corporation
o Cisco Systems Inc.
o Dell Inc.
o Fujitsu Ltd.
o Hitachi Ltd.
o Delta Electronics Inc.
o Rittal GmbH & Co. KG
o Eaton Corporation Plc
o Nortek Air Solutions LLC, Airedale International Air Conditioning Ltd, Asetek A/S
o Bloom Energy Corporation
o Carbon Relay Inc.
o Chatsworth Products Inc.
o Cologix Inc.
o CyrusOne Inc.
o Digital Realty Trust Inc.
o Equinix Inc.
o Green House Data Inc.
o Iron Mountain Inc.
o Johnson Controls International plc
o Legrand SA
o Panduit Corporation
o Raritan Inc.
o Server Technology Inc.
What Are The Key Trends In The Green Data Center Market?
Key trends observed in the green data center market include:
o Liquid cooling innovations
o Use of sustainable materials and design
o Water-efficient cooling technologies
o Integration of renewable energy
What Are The Segments Of The Global Green Data Center Market?
The Green Data Center Market is segmented as follows:
1) By Components: Solutions, Services
2) By Data Center Size: Small and Medium-Sized Data Centers, Large Data Centers
3) By Verticals: BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Manufacturing, Other Verticals
Which Region Leads The Green Data Center Market?
North America was the leading market in the Green Data Center industry in 2024 and is expected to experience the fastest growth in the forecast period. This market report encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Green Data Center Market Global Market Report?
- Market Size Analysis: Analyze the Green Data Center Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Green Data Center Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Green Data Center Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Green Data Center Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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