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Sustainable Data Center Market Report on the Untapped Growth Opportunities in the Industry
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 organizational awareness of environmental sustainability. As the demand for energy-efficient and low-carbon data processing solutions intensifies, data centers are adopting sustainable practices to minimize their environmental impact. These practices include the integration of renewable energy sources, the deployment of advanced cooling technologies, and the utilization of energy-efficient infrastructure.
A key factor fueling market growth is the exponential rise in data generation by enterprises and consumers alike. As storage and processing demands continue to escalate, organizations are seeking long-term, eco-friendly solutions to meet operational needs while simultaneously reducing their carbon footprint.
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
Market Dynamics:
Drivers-
The accelerating pace of digital transformation across industries is significantly increasing the demand for data storage and processing capabilities. Concurrently, rising awareness and corporate commitment to environmental sustainability are encouraging organizations to adopt greener operational practices. Additionally, supportive government regulations and incentives aimed at promoting energy efficiency and reducing carbon emissions are further propelling the adoption of sustainable data center solutions.
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Challenges:
Despite the benefits, several challenges hinder the widespread adoption of sustainable data centers. High initial capital investments required for developing environmentally friendly infrastructure can pose financial barriers, particularly for small and mid-sized enterprises. The complexity associated with integrating renewable energy sources-especially managing their intermittent supply-adds to operational challenges.
Regional Trends:
North America currently holds the largest market share, driven by the implementation of stringent energy efficiency regulations, government mandates, and a strong corporate focus on sustainability. The region also benefits from the widespread adoption of environmentally responsible practices across various industries. In contrast, the Asia Pacific region is anticipated to register the highest compound annual growth rate (CAGR) during the forecast period. This growth is attributed to rapid economic development, surging data consumption, increasing environmental concerns, and rising participation in global sustainability initiatives.
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.
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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
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.JPG
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