Green Data Center Market

Market Study on Green Data Center: Solutions to Overpower Services with a CAGR of 14.2% through 2032

Green Data Center Market Segmented By Solutions, Services Components in Small and Medium and Large Size in BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Manufacturing Vertical

Green Data Center Market Outlook

The green data center market is anticipated to have a significant CAGR of 14.3% during the period of 2022-2032. The green data center market is predicted to grow from US$ 58.6 Bn in 2021 to US$ 266.9 Bn in 2032.

“Growing popularity of green data centers among organizations for taking green initiatives for their regular IT operations in order to save money is a prominent driver to the market growth.”

Concerns about the increasing percentage of data centers for energy usage have prompted governments across the globe to limit energy consumption, which is the key factor driving the green data center market.

Attributes

Details

Green Data Center Market CAGR (2022-2032)

14.3%

Green Data Center Market Size (2022)

US$ 69.8 Bn

Green Data Center Market Size (2032)

US$ 266.9 Bn

Find Out More about the Report Coverage

Companies

  • DELL TECHNOLOGIES
  • HPE
  • EATON
  • SCHNEIDER ELECTRIC
  • VERTIV
  • GREEN REVOLUTION COOLING
  • MIDAS GREEN TECHNOLOGIES
  • DELTA ELECTRONICS
  • RITTAL
  • CISCO

How Does COVID-19 Impact the Green Data Center Market?

As the world grapples with the COVID-19 pandemic, markets of all sizes are speeding up their progressive adjustments and looking to innovation to help them transition to a new normal, where disruption is possible. In addition, hyperscalers constantly meet the surge in cloud benefits due to the work-from-home economy, surging up the demand for data centers.

According to United Nations – International Labor Organization (UN-ILO) estimates, four-fifths of the overall population, or 81 per cent, is reliant on full or fractional work environment terminations. In addition, customers who pay for their services are supported by data centers, which are part of an ecosystem.

Some industries have been hurt worse than others, such as entertainment, transportation, and hospitality, and some data centers will be affected. The COVID-19 standards make physically relocating computers, closing buildings, and opening new data center locations extremely difficult.

Microsoft, Google, Amazon Web Services, and other hyperscalers are in a unique position due to this. The cloud part of large corporate spending has been expanding for a long time; however, the rate of increase is set to accelerate; whether it's public, private, or hybrid cloud, tech behemoths are ruling the market.

Hyperscale server farms are presumptively aware of this. As a result, in light of the sudden increase in cloud administrations, most hyperscalers are relying on energy-efficient server farm arrangements such as force, IT, and cooling.

COVID-19 has spread over the world, affecting key data center operations in Europe, Asia, North America, and parts of the Middle East, Africa, and Latin America. In addition, several facilities have been impacted due to the construction halt and supply chain issues.

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What Factors Contributes to the Growth of the Green Data Center Market?

Demand for green data centers is high due to their energy efficiency and low environmental impact, as well as their ability to reduce power consumption through novel technologies, all of which are driving the market's expansion over the forecast period.

One of the most appealing aspects of the green data center is its simplicity of implementation and portability. The most energy-efficient UPS working mode is ECO, often known as 'Active Standby' or 'Economy.'

The advanced ECO mode is recommended, as it provides clean energy to data center infrastructure quickly. Green data centers are being used by numerous industry verticals as a result of improvements in UPS from top vendors.

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What Limits the Growth of the Green Data Center Market?

The cost of constructing an energy-efficient green data center is approximately equal to the cost of constructing a traditional server farm. Despite the fact that the green data center's Total Cost of Ownership (TCO) is cheaper, organizations are hesitant to invest such huge sums in a green data center when they already have a standard server farm.

Moreover, in the long run, reserve money will reimburse the underlying speculation; in the green data center market, larger capital ventures are considered a critical limitation.

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What are the Opportunities Prevailing in the Green Data Center Market?

In the green data center sector, the potential for AI and other new technologies, such as machine learning and deep learning, is enormous. By taking proactive efforts, these technologies are likely to soon be operating in entire data centers and are likely to strengthen security standards and reduce the occurrence of power outages.

From the standpoint of increasing the executives' motivating force, AI moves toward the cooling power issue.

Using deep learning algorithms, the AI extracts massive amounts of verifiable data from many aspects of running the server farm and uses foresight to assess the influence on energy use. This opens up many opportunities for the green data center market.

What are the Challenges in the Green Data Center Market?

Many businesses currently have a data center, and many of them do not plan to replace them entirely with a green data center. These businesses are hesitant to spend a significant amount of money rebuilding their data center from the ground up.

The complexity of integrating green solutions with existing data center operating equipment and solutions is a critical issue, and corporations are concerned about compatibility. The incompatibility of energy-efficient green arrangements with existing server farm hardware is a critical test for vendors in the green data center market trends.

Comparative View of Adjacent Green Data Center Market

Attributes

Green Data Center Market

CAGR

(2022-2032)

14.3%

Market Value

(2026)

US$ 140.3 Bn

Growth Factor

Demand to remain high due to lower environmental impacts.

Opportunity

AI and other technologies create a potential for the market.

Key Trends

Emerging OTT platforms open up a lucrative market for data centers.

Comparative View of Adjacent Green Data Center Automation Market

Attributes

Green Data Center Automation Market

CAGR

(2022-2032)

17.38%

Market Value

(2026)

US$ 19.56 Bn

Growth Factor

Higher sales as social networking, analytics, and data mining are all on the rise.

Opportunity

Features such as eliminating errors, reducing time, and better cost reductions have a stronger influence.

Key Trends

Demand for digitalization in healthcare sectors has grown over the years.

Comparative View of Adjacent Green Data Center Substation Market

Attributes

Green Data Center Substation Market

CAGR

(2022-2032)

5.6%

Market Value

(2026)

US$ 12.51 Bn

Growth Factor

Smooth transmission and high demand for cloud computing driving the growth of the market.

Opportunity

Higher energy demand for infrastructure restoration and retrofitting.

Key Trends

Increased investment on long-distance high-voltage network expansion.

A green data center market provides all of the features and capacity of a standard server farm while using less energy and space. The plan and activities are environmentally friendly. Expanding energy use, strict natural guidelines, increased interest in information storage by executives, and rising energy costs are creating an opportunity in the green data centre market.

Nonetheless, a lack of awareness about the benefits of the green data center market, a high entry cost, and a conflict with the current server farm is necessary to stymie industry growth. The green data center market is gaining pace in several areas, and various enterprises have expressed interest in installing green data center solutions.

In the current environment, corporations have begun to implement green efforts for their daily IT operations in order to save money, with green data center being one of the most prominent initiatives. A green data center is made up of all energy-efficient components, including UPS, servers, and cooling systems.

The green data center is a storage facility for data capacity, organization, and appropriation that uses electrical and computer systems to reduce energy use and carbon emissions. Green data center market growth and activity include reformist breakthroughs and systems that assist IT organizations in reducing environmental impact by booking, checking, and executing operations around server farm climate.

Recent green data market trends are contributing to the profitable business. Many businesses want to upgrade or replace particular components in their data center to make them more efficient. These businesses want to find green solutions that are suitable for their operations so that they may increase profitability and cut costs.

What is the Segmentation Outlook for the Green Data Center Market?

The global green data center market is segmented by component, vertical, size and region.

This green data center market is segmented on the basis of components such as solutions and services, which is further bifurcated into Cooling, Power, IT. Information Technology (IT) is the fastest-growing sub-segment in the green data center market, with an anticipated CAGR of 14.3% during the forecast period.

Which Segment is Likely to Lead the Green Data Center Market by Size?

Large data centers are used by large organizations with a high density of cloud computing equipment. In the future years, increased use of large data centers by large organizations is likely to enhance the global green data center market, with an expected CAGR of 13.6%.

The presence of more complex networking, server, storage, and other technology in data center necessitates effective green data center solutions and services.

Which Segment is Likely to Lead the Green Data Center Market by Vertical?

Media and entertainment is a key area in the green data center market, with media businesses offering globally accessible content repositories that can be accessed anywhere, at any time, via desktops and smart devices like tablets and laptops.

Which is the Leading Region in the Green Data Center Market?

Regions

CAGR (2022-2032)

United States

14.1%

United Kingdom

13.3%

China

13.8%

Japan

12.8%

South Korea

12.0%

The United States is the leading region in the green data center market, with the anticipated size of US$ 94.4 Bn by 2032. It is followed by China, which is expected to have a market size of US$ 19.3 Bn by 2032.

With a high number of data centers and a large number of businesses migrating from hardware to software-based services, North America is likely to have a substantial impact on the market and be a lucrative market for data center transformation. Microsoft, Amazon, and Facebook have all committed to making their data centers green in the near future.

How does Competition Influence the Green Data Center Market?

The research offers a comprehensive competition analysis of some top competitors in the green data center market, including company biographies, recent developments, and significant market strategies. It shows how the competitors are taking advantage of the opportunities present in the green data center market. Some of the recent developments in the green data center market are:

  • In September 2019, Eaton and Amdocs teamed up to build an efficient data center. Amdocs collaborated with Eaton and Carter Sullivan to create a contemporary, purpose-built infrastructure for its London data center and satellite offices, resulting in greater efficiencies and cost savings.
  • GRC partnered with Total Data Center Solutions (TDCS), Europe's leading provider of mission-critical and innovative foundation solutions for data centers, in October 2020, and the Nordic district focused on carbon reduction and energy productivity.
  • At the World Economic Forum's Annual Meeting in January 2020, a group of academics and industry representatives announced the Swiss Data Center Efficiency Label, with the goal of decarbonizing server farms in Switzerland and lowering their overall energy use.

Report Scope

Attributes

Details

Forecast period

2022-2032

Historical data available for

2015-2021

Market analysis

USD Mn for Value

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

By Market Segments

  • Vertical
  • Size
  • Component
  • Region

Key Companies Profiled

  • Dell Technologies
  • HPE
  • Eaton
  • Schneider Electric
  • Vertiv

Pricing

Available Upon Request

Key Segments

By Component

  • Solutions
  • Services

By Size

  • Small & Medium Size
  • Large Size

By Vertical

  • BFSI
  • IT and Telecom,
  • Media and Entertainment
  • Healthcare
  • Government and Defense
  • Retail
  • Manufacturing
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Media Release

- FAQs -

Green data center market is projected to have a CAGR of 14.3% through 2032.

North America is the leading region with an anticipated CAGR of 14.1% through 2032.

Large data center lead the market with the projected CAGR of 13.6% by the end of the forecast period.

The green data center market is predicted to grow US$ 266.9 Bn by 2032.

Solutions segment leads the market with the projected CAGR of 14.3% from 2022-2032.

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