Green Data Center Industry Research Report 2024: Energy-Efficient Technologies Revolutionize Data Centers Amid Rising Operational Costs – Global Market Trends, Forecasts, and Opportunities to 2029

Dublin, Nov. 21, 2024 (GLOBE NEWSWIRE) — The “Green Data Center Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.

The Global Green Data Center Market was valued at USD 64.81 Billion in 2023, and is expected to reach USD 162.40 Billion by 2029, rising at a CAGR of 16.37%

Governments worldwide have been prompted to regulate energy consumption due to the escalating share attributed to data centers, fueling the green data center market. Additionally, the proliferation of data centers and colocation services serves as additional drivers for the adoption of environmentally conscious data center solutions. As cloud computing continues to enhance energy efficiency and transition towards renewable sources, various industries including manufacturing, transportation, and construction are poised to embrace green data centers to mitigate emissions.

One of the primary reasons why rising energy costs are driving the adoption of green data center technologies is cost savings. Traditional data centers are notorious for their high energy consumption, which translates into substantial energy bills. Green data centers are designed with energy efficiency in mind, utilizing advanced cooling systems, energy-efficient hardware, and innovative architectural designs to significantly reduce energy consumption. By optimizing their energy use, organizations can substantially lower their operational expenses, making green data centers an economically attractive choice.

Moreover, the growing emphasis on sustainability and corporate social responsibility (CSR) is encouraging organizations to transition to green data centers. Beyond the immediate cost savings, green data centers align with environmental sustainability goals, demonstrating a commitment to reducing the carbon footprint associated with data center operations. This, in turn, resonates positively with stakeholders, customers, and investors who prioritize eco-friendly practices, further bolstering the incentive to invest in green data center technologies.

Another factor contributing to the adoption of green data centers is the long-term stability of energy costs. By incorporating energy-efficient solutions and, in some cases, renewable energy sources, green data centers are better equipped to mitigate the impact of fluctuating energy prices. They offer a level of predictability in energy expenses, which is especially appealing in a world where energy markets can be volatile.

The surge in energy costs is driving the global green data center market, as organizations seek ways to reduce their operational expenses, align with sustainability goals, and secure long-term energy cost stability. The transition to green data centers is not only a prudent financial decision but also a strategic move towards a more sustainable and environmentally responsible approach to data center operations. This trend is expected to continue as energy costs remain a critical concern for businesses worldwide.

Segmental Insights

Solution Insights

Power Segment held the largest market share of Global Green Data Center market in 2023. As organizations globally prioritize sustainability and environmental responsibility, the demand for energy-efficient data center solutions has surged, thrusting the Power Segment into the spotlight.

At the core of this dominance lies the pressing need for energy optimization within data centers. With the exponential growth of digital data and the increasing reliance on cloud computing, traditional data centers have come under scrutiny for their substantial carbon footprint and energy consumption. Consequently, businesses are actively seeking eco-friendly alternatives that can mitigate environmental impact without compromising performance. The Power Segment addresses this need head-on by offering innovative solutions designed to maximize energy efficiency and minimize carbon emissions.

Stringent government regulations and environmental standards further propel the adoption of green data center technologies. As policymakers worldwide enact measures to combat climate change, businesses are compelled to adhere to strict guidelines governing energy usage and carbon emissions. In this regulatory landscape, the Power Segment emerges as a beacon of compliance, offering solutions that not only meet but exceed environmental requirements, thus positioning itself as the preferred choice for enterprises striving for sustainability.

The economic benefits associated with energy-efficient data centers bolster the prominence of the Power Segment. By reducing energy consumption and operating costs, green data center solutions offer substantial long-term savings, making them an attractive investment for businesses seeking to optimize their bottom line. The scalability and flexibility inherent in these solutions further enhance their appeal, allowing organizations to adapt to evolving operational demands while maintaining cost-effectiveness. Technological advancements and innovation continue to drive the evolution of the Power Segment, enabling the development of cutting-edge solutions that push the boundaries of energy efficiency and performance. From advanced cooling systems to renewable energy integration, the segment continues to push the envelope, offering a diverse array of solutions tailored to the unique needs of modern data center environments.

The Power Segment’s ascendancy in the Green Data Center market during the forecast period is underpinned by a confluence of factors, including increasing environmental consciousness, regulatory pressures, economic incentives, and technological innovation. As businesses prioritize sustainability and seek to future-proof their operations, the Power Segment emerges as the cornerstone of green data center infrastructure, poised to lead the industry forward into a more sustainable future.

Regional Insights

North America dominated the Global Green Data Center Market in 2023. This supremacy stems from a convergence of several key factors, including technological innovation, regulatory initiatives, and evolving consumer preferences. As the world grapples with the pressing need to mitigate environmental impact and reduce carbon footprints, the adoption of green data center solutions becomes increasingly imperative. North America stands at the forefront of this paradigm shift, poised to lead the charge towards sustainability in data management infrastructure.

One of the primary drivers propelling North America’s dominance in the green data center market is its robust ecosystem of technological innovation. The region boasts a vibrant landscape of technology companies, research institutions, and startups dedicated to developing cutting-edge solutions for energy efficiency and sustainability. From advanced cooling systems to renewable energy integration and intelligent resource management, North American firms are pioneering the next generation of green data center technologies. This innovation ecosystem fosters a fertile ground for continuous improvement and drives the rapid evolution of sustainable data management practices.

Regulatory initiatives play a pivotal role in shaping the green data center landscape, and North America has been proactive in implementing policies to incentivize sustainability. Governments at the federal, state, and municipal levels offer various incentives, tax breaks, and subsidies to encourage the adoption of eco-friendly data center infrastructure. Additionally, stringent environmental regulations mandate compliance with energy efficiency standards, driving organizations to prioritize green initiatives in their data center strategies. These regulatory frameworks create a conducive environment for the proliferation of green data centers across North America, further solidifying its dominance in the market.

Consumer preferences and corporate sustainability goals exert significant influence on the demand for green data center solutions. In an era where environmental consciousness is increasingly ingrained in consumer behavior, businesses are under growing pressure to demonstrate their commitment to sustainability. As a result, enterprises across North America are actively seeking out green data center providers to align with their environmental objectives and enhance their brand reputation. This surge in demand creates a favorable market landscape for green data center vendors, driving innovation and investment in the region.

North America benefits from a mature and well-developed data center infrastructure, providing a strong foundation for the adoption of green technologies. With a vast network of data centers spanning the continent, there exists a substantial market for retrofitting existing facilities and deploying new green data center projects. The region’s robust telecommunications infrastructure and connectivity further bolster its appeal as a hub for sustainable data management operations. North America’s dominance in the green data center market is underpinned by a confluence of factors, including technological innovation, regulatory support, shifting consumer preferences, and existing infrastructure. As the imperative for environmental sustainability continues to intensify, North American firms are poised to leverage these advantages to lead the charge towards greener and more sustainable data management practices.

Key Attributes:

Report Scope:

Key Market Players

• Fujitsu Limited
• Cisco Systems, Inc.
• Hitachi Ltd.
• Schneider Electric SE
• IBM Corporation
• Eaton Corporation plc
• Vertiv Group Corporation
• Green Revolution Cooling, Inc.

Green Data Center Market, By Service:

• System Integration
• Monitoring Service
• Professional Service

Green Data Center Market, By Solution:

• Power
• Servers
• Management Software
• Networking Technologies
• Cooling
• Other

Green Data Center Market, By User:

• Colocation Providers
• Cloud Service Providers
• Enterprises

Green Data Center Market, By Industry Vertical:

• Healthcare
• Financial Services
• Government
• Telecom & IT
• Other

Green Data Center Market, By Region:

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Europe
• Germany
• United Kingdom
• France
• Russia
• Spain
• South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa
• Egypt
• UAE
• Israel

For more information about this report visit https://www.researchandmarkets.com/r/c7h4qu

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• Global Green Data Center Market