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Sustainable Data Center Market Key Players Analysis - Equinix, Delta Electronics, Rittal, Eaton, Cisco, Nortek Air Solutions.
Sustainable Data Center Market
According to the latest research by InsightAce Analytic, the Global Sustainable Data Center Market is valued at US$ 73.07 Bn in 2023, and it is expected to reach US$ 267.22 Bn by 2031, with a CAGR of 17.9% during the forecast period of 2024-2031.
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The Sustainable Data Center Market has experienced substantial growth in recent years, driven by increasing awareness among organizations regarding the importance of environmental sustainability. The rising demand for data centers that emphasize energy efficiency and carbon footprint reduction has been a key factor propelling market expansion. Sustainable data centers are designed to minimize their environmental impact through various strategies, including the adoption of renewable energy sources, the optimization of cooling systems, and the implementation of energy-efficient infrastructure.
A major driver of this market is the growing volume of data generated by businesses and consumers. As data storage and processing needs escalate, organizations are seeking sustainable solutions that can meet these demands while simultaneously reducing their environmental impact.
Moreover, government regulations and initiatives aimed at promoting energy efficiency and environmental conservation have further accelerated the adoption of sustainable practices within data centers. Technological advancements have also played a pivotal role in the development of sustainable data centers. Innovations in cooling systems, power management, and the integration of renewable energy have enhanced operational efficiency while reducing both energy consumption and overall operating costs.
List of Prominent Players in the Sustainable Data Center Market:
• Equinix
• Digital Realty
• QTS Realty Trust
• Vantage Data Centers
• CyrusOne
• Compass Datacenters
• Microsoft
• AWS
• Apple
• Meta
• Delta Electronics
• Rittal
• Eaton
• Cisco,
• Nortek Air Solutions
• Dell Technologies
• Asetek
• Airedale
• Lenovo
• Fujitsu
• Schneider Electric
• Vertiv
• Midas Green Technologies
• Cyber Power Systems
• Super Micro
• Tripp Lite
• Inspur
• Submer
• DCX The Liquid Cooling Company
• Hewlett Packard Enterprise
• Green Revolution Cooling
• CDP Energy
• Bxterra Power Technology
• ZutaCore
• Other prominent players
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Market Dynamics
Drivers:
The increasing pace of digital transformation across industries is significantly driving the demand for enhanced data storage and processing capabilities. Furthermore, growing awareness and commitment to environmental sustainability are encouraging businesses to adopt more eco-friendly practices. Government regulations and incentives aimed at promoting energy efficiency and reducing carbon emissions are also key factors driving market growth. Additionally, advancements in technology and innovation are facilitating the development of more energy-efficient infrastructure and the integration of renewable energy sources into data center operations.
Challenges:
Several challenges may hinder the growth of the sustainable data center market. The high initial costs associated with developing sustainable infrastructure can pose a significant barrier for organizations. Moreover, integrating renewable energy sources into data center operations and managing their intermittent availability presents technical complexities. Additionally, the limited availability of skilled professionals with expertise in sustainable data center design and operations could further constrain the adoption of environmentally friendly practices.
Regional Trends:
North America holds the largest market share, driven by the enforcement of energy efficiency standards, regulatory requirements, and increasing corporate commitment to sustainability initiatives. The adoption of green practices by a wide range of companies, fueled by heightened environmental awareness, also supports regional growth. Meanwhile, the Asia-Pacific region is expected to witness the highest compound annual growth rate (CAGR) during the forecast period. Factors such as rapid economic growth, rising data traffic, increasing environmental concerns, and growing participation in global sustainability initiatives are driving market expansion in the region.
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Recent Developments:
• In Jan 2024, Google unveiled a Sustainable Data Centre Project valued at $1 billion. Once completely developed, the 33-acre site supported the expansion of Google's innovative artificial intelligence developments and provided power to its globally recognized digital services for businesses and individuals.
• In Nov 2023, Schneider Electric disclosed a multi-year, $3 billion contract with Compass Datacenters during its investor meeting on Capital Markets Day. The agreement sustained the preexisting partnership between the two organizations, which involved the integration of their supply chains for producing and distributing prefabricated modular data center solutions.
Segmentation of Sustainable Data Center Market-
By Components-
• Solutions
o Cooling
o Power
o IT
• Services
o Design and Consulting
o Installation and Deployment
o Maintenance and Support
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 (energy, research and academia, and transportation and logistics)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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