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Worldwide Trends Overview: The Accelerating Evolution of the Green Data Center Market
Green Data Center Market
Projected Market Size and Growth Trajectory of the Green Data Center Market
The green data center market is anticipated to expand dramatically, reaching a valuation of $241.65 billion by 2030. This impressive growth corresponds to a compound annual growth rate (CAGR) of 22.0%. Several factors contribute to this surge, including the increasing integration of AI and IoT-enabled green data center solutions, widespread adoption of cloud-based energy optimization, enhanced real-time monitoring and automation systems, and the rise of data centers powered by renewable energy. The demand for sustainable data center services is also a key driver. Among the major trends shaping the market are AI-powered energy management, IoT-enabled monitoring systems, cloud-based data center solutions, virtualization combined with automation, and expanding use of renewable energy sources.
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Prominent Players Driving Innovation in the Green Data Center Sector
The green data center market boasts a range of influential companies pushing forward innovation and sustainability. Key players include Schneider Electric SE, Vertiv Holdings Co., Hewlett Packard Enterprise, Green Revolution Cooling, IBM, Cisco Systems Inc., Dell Inc., Fujitsu Ltd., Hitachi Ltd., Delta Electronics Inc., Rittal GmbH & Co. KG, Eaton Corporation Plc, Nortek Air Solutions LLC, Airedale International Air Conditioning Ltd., Asetek A/S, Bloom Energy Corporation, Carbon Relay Inc., Chatsworth Products Inc., Cologix Inc., CyrusOne Inc., Digital Realty Trust Inc., Equinix Inc., Green House Data Inc., Iron Mountain Inc., Johnson Controls International plc, Legrand SA, Panduit Corporation, Raritan Inc., and Server Technology Inc.
In a notable development, Ardian, a French private equity firm, acquired Verne Global, a UK-based green data center provider, in November 2023 for an undisclosed sum. This acquisition leverages Ardian's expertise in managing digital infrastructure assets and strengthens its position in the sustainable data center space.
Key Trends Shaping the Future of the Green Data Center Market
One of the most significant trends gaining momentum in this market is the rise of cloud services. These services offer businesses on-demand access to computing resources over the internet, eliminating the need for extensive internal infrastructure. Cloud services also complement existing facilities by simplifying workload management while allowing organizations to maintain data ownership.
To capitalize on this trend, leading market participants are integrating cloud solutions into their portfolios. For example, in May 2024, Soluna Cloud, a US-based green data center developer, unveiled its Helix data center-an AI-powered cloud service designed to meet increasing customer demand for sustainable, renewable energy-driven data centers. This innovation exemplifies the growing importance of cloud services in the green data center landscape.
View the full green data center market report:
https://www.thebusinessresearchcompany.com/report/green-data-center-global-market-report
Comprehensive Market Segmentation Covered in the Green Data Center Report
This report breaks down the green data center market into distinct segments for detailed analysis:
1) By Components: Solutions and Services
2) By Data Center Size: Small and Medium-Sized Data Centers, Large Data Centers
3) By Industry Verticals: BFSI (Banking, Financial Services, and Insurance), IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Manufacturing, and Other Verticals
Further subcategories include:
- Solutions: Energy Management Solutions, Cooling Solutions, Virtualization Solutions, Renewable Energy Solutions
- Services: Consulting Services, Managed Services, Maintenance and Support Services, Training and Education Services
This segmentation highlights the varied aspects of the market, from specific technologies and services to the industries driving adoption, offering a well-rounded view of the green data center sector's current and future prospects.
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