IMARC Group has recently released a new research study titled “Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”.The global green data center market size reached US$ 72.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 237.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.2% during 2023-2028.
What is green data center?
A green data center refers to a data repository, which is constructed in an eco-friendly manner for storing, managing, and distributing data to several organizations. It offers the same features and capabilities like conventional data centers; however, a green data center requires lesser energy, divides workload, and offers advanced storage experience to users. Moreover, it lowers the organizational carbon footprint due to the implementation of energy-efficient power supply systems, high-efficiency HVAC, LED lighting, servers, and routers. A rapid growth in data traffic has led to the demand for green data centers across several industrial verticals.
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Green Data Center Market Trends:
The construction and operation of green data centers utilize materials with low emissions, along with sustainable landscaping, electric or hybrid cars, waste recycling, and catalytic converters on generator backup. As organizations are seeking solutions to lower their carbon emissions, they are opting for green data centers, thereby providing a thrust to the market growth.
Moreover, with data centers of IT organizations saturating in terms of space, power, and cooling, there is a constant need for energy-efficient data centers. Besides this, limited energy resources, strict budget constraints, and the increasing cost of electricity are also compelling organizations to opt for green data centers. Furthermore, industry giants, including Apple, Inc and Google, LLC, have invested in green data centers. This, along with further advancements in technology, is expected to create a positive outlook for the market.
Global Green Data Center Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
- Cisco Technology Inc.
- Dell EMC Inc.
- Eaton Corporation
- Ericsson Inc.
- Fujitsu Limited (Furukawa Group)
- HCL Technologies Limited
- Hitachi Ltd
- HP Inc.
- Huawei Technologies Co. Ltd.
- IBM
- Microsoft Corporation
- Schneider Electric SE
- Siemens AG
- Vertiv Co
The report has segmented the market on the basis on region, component, data center type and industry vertical.
Breakup by Component:
- Solutions
- Power Systems
- Servers
- Monitoring and Management Systems
- Networking Systems
- Cooling Systems
- Others
- Services
- System Integration Services
- Maintenance and Support Services
- Training and Consulting Services
Breakup by Data Center Type:
- Colocation Data Centers
- Managed Service Data Centers
- Cloud Service Data Centers
- Enterprise Data Centers
Breakup by Industry Vertical:
- Healthcare
- BFSI
- Government
- Telecom and IT
- Others
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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