Pune, 15, Dec, 2022: The Green Data Center Market report published by Maximize Market Research, the market is expected to grow from USD 3.28 billion in 2021 to USD 233.87 billion in 2029, at a CAGR of 20 percent for the forecast period from 2022 to 2029.
Green Data Center Market Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of Global Green Data Center Market including all the stakeholders of the industry. Key market players in the sector are listed by area, with information on their revenue, financial situation, portfolio, adopted technologies, mergers and acquisitions, joint ventures, and strategic alliances. An analysis of the growth potential and business forecast for recent market entrants is also provided. An overview of the Green Data Center Market provided by such analysis aids stakeholders, investors, market participants, followers, and new entrants in developing their investment strategies and marketing strategies using data over a span of 10 years, current and future trends in the Green Data Center Market.
External and internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Green Data Center Market dynamics, structure by analysing the market segments and project the Global Green Data Center Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Green Data Center Market make the report investor’s guide. The market was segmented in PUE Standard, Component and Ownership for the detailed analysis of the aspects affecting the Green Data Center Market. SWOT analysis was conducted to provide the strengths and weaknesses of the Green Data Center Market.
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Green Data Center Market Overview
A green data center is a repository for the storage, management and dissemination of data in which the mechanical, lighting, electrical and computer systems are designed to maximize energy efficiency and minimize environmental impact. The construction and operation of a green data center includes advanced technologies and strategies. Significant growth in the Green Data Center Market is seen after the COVID19 as the usage of IoT devices surged.
Green Data Center Market Dynamics
The significant increase in internet usage has forced data centres to use more energy in order to operate effectively, and this increased use of energy has had an adverse effect on the environment. This is a key element that will likely fuel market expansion. Additional factors projected to boost market expansion include rising public awareness and increased government measures aimed at reducing the excessive energy consumption that has led to a variety of businesses adopting green policies.
Additional factors expected to propel expansion of the global green data centre market include high energy costs associated with traditional data centres and government regulations pertaining to the adoption of green data centres. The introduction of some improved technologies, such as economizers to cool data centres, as well as rising government regulations regarding environmental impact, decreased e-waste, low carbon emission, and other factors are predicted to propel growth of the global green data centre market.
Green Data Center Market Regional Insights
North America is projected to become the dominant area in the Green Data Centre Market thanks to early technological development and the availability of several software and service providers in the region. The government is actively taking steps to limit excessive energy use since the country’s expanding electricity usage has become a serious consumption issue. The data centres are responsible for around 2% of all power use, according to the US Department of Energy. As a result, the market for green data centres is expected to rise due to worries about growing energy usage. The rise in internet of things (IoT) devices is accelerating the need for environmentally friendly data centres, which is boosting the regional market for green data centres.
Green Data Center Market Segmentation
By PUE Standard:
- PUE 1 to 1.5
- PUE 1.5 to 2
- PUE Greater than 2
By Component:
- Air Conditioning
- Power Backup
- Storage & Servers
- Network
- Security Appliances
By Ownership:
- External
- Internal
Green Data Center Market Key Manufacturers are:
- Cisco Systems Inc.
- Ericsson Inc.
- Fujitsu Ltd.
- International Business Machines (IBM) Corporation
- Hewlett Packard Enterprise Company
- Dell Inc.
- Equinix, Inc.
- Tech Mahindra Ltd.
- Eaton Corporation Plc
- EcomNets Inc.
- Schneider Electric
- Vertiv
- Green Revolution Cooling
- Midas Green Technologies
- Delta Electronics
- Rittal
- Nortek Air Solutions
- Asetek
- Airedale
- Lenovo
- Cyber Power Systems
- Super Micro
- Tripp Lite
- Inspur
- CDP Energy
- Bxterra Power Technology
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Key questions answered in the Green Data Center Market are:
- What is Green Data Center?
- What is the growth rate of Green Data Center Market for the forecast years?
- What is the nature of competition in Green Data Center industry in developed and developing economies?
- Who are the key players in the Green Data Center Market?
- Who are the market leaders in Green Data Center in Europe?
- Who are the market leaders in Green Data Center in USA and Canada?
- Who are the market leaders in Green Data Center in India, China, Japan and South Korea?
- What are the factors affecting growth in the Green Data Center Market?
- Who held the largest market share in Green Data Center Market?
- What are the factors for the growth of Asia-Pacific region in Green Data Center Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by PUE Standard, Component, Ownership and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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