Press release
Green Data Center Market to grow at 18% CARG by 2031 | Key Players: Dell, Fujitsu, Cisco, HP, Hitachi, Schneider Electric SE, IBM, Eaton Corporation
Green Data Center Market
The Green Data Center market was valued at USD 70.58 billion in 2023 and is projected to reach USD 307.52 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.0% during the forecast period.
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Some of the key players in the market are:
Dell EMC Inc. (U.S.), Fujitsu Ltd (Japan), Cisco Systems, Inc. (U.S.), HP Inc. (U.S.), Hitachi Ltd (Japan), Schneider Electric SE (France), IBM Corporation (U.S.), Eaton Corporation (Ireland), Vertiv Corporation (U.S.), Green Revolution Cooling, Inc. (U.S.), among others.
The global market for green data centres is witnessing significant expansion, propelled by heightened environmental consciousness and the demand for sustainable IT infrastructure. These facilities are engineered to lessen their ecological footprint by enhancing energy efficiency and curtailing carbon emissions through the implementation of cutting-edge technologies and creative designs. The market is categorized by components, which include power systems, monitoring and management systems, cooling and HVAC systems, as well as networking systems. Additionally, the services offered comprise both professional and managed solutions, addressing a wide range of operational needs.
Key Drivers of Market Growth:
1. Environmental Regulations and Policies: Governments worldwide are implementing stringent regulations to curb carbon emissions and promote sustainable practices. These regulations are compelling organizations to adopt green data center solutions.
2. Rising Energy Costs: The increasing cost of energy is pushing businesses to seek energy-efficient alternatives. Green data centers offer significant energy savings, making them an attractive option for cost-conscious enterprises.
3. Corporate Social Responsibility (CSR): Companies are increasingly focusing on CSR initiatives to enhance their brand image and meet stakeholder expectations. Adopting green data centers aligns with these sustainability goals.
4. Technological Advancements: Innovations in cooling technologies, energy-efficient hardware, and renewable energy integration are driving the adoption of green data centers.
5. Data Explosion: The exponential growth of data generated by IoT devices, big data analytics, and cloud computing is necessitating the development of scalable and sustainable data center infrastructure.
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Green Data Center Market Report Segmentation:
By Component:
• Solutions
• Services
By Data Center Size:
• Small and Medium-sized data centers
• Large data centers
By Verticals:
• BFSI
• IT and Telecom
• Media and Entertainment
• Healthcare
• Government and Defense
• Retail
• Manufacturing
• Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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