Global Green Data Center Market Size To worth USD 281.4 Billion By 2033 | CAGR of 13.10%

Global Green Data Center Market Size worth USD 281.4 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Green Data Center Market Size to Grow from USD 82.2 Billion in 2023 to USD 281.4 Billion By 2033, at a Compound Annual Growth Rate (CAGR) of 13.10% during the forecast period.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the “Global Green Data Center Market Size By Component (Solutions and Services), By User (Colocation Providers, Cloud Service Providers (CSPs), and Enterprises), By Region, And Segment Forecasts, By Geographic Scope And Forecast to 2033”. Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/green-data-center-market

The green data centre industry is quickly increasing, propelled by rising demand for sustainable data solutions. Companies are increasingly focused on green data centres to reduce environmental impact and operational costs. The market's primary initiatives include implementing energy-efficient technologies, utilising renewable energy sources, and leveraging innovative solutions such as server virtualization and cloud computing. The efficiency and sustainability of data centres are measured using measures such as Power Usage Effectiveness (PUE) and Carbon Usage Effectiveness (CUE). LEED certifications are vital for establishing and recognising sustainable data centre practices. The industry is rapidly evolving to meet the increasing demand for environmentally responsible data solutions, with a focus on reducing energy use, cutting carbon emissions, and supporting resource conservation.

Green Data Center Market Value Chain Analysis

The green data centre market's value chain includes numerous essential phases, such as raw material and component suppliers who provide energy-efficient hardware and renewable energy technologies, as well as design and engineering services that focus on sustainable architectural and engineering solutions. Construction businesses and infrastructure suppliers construct these energy-efficient facilities, while hardware makers and developers provide IT and software solutions to improve operating efficiency. Service providers provide consultation and managed services to improve sustainability, whereas renewable energy suppliers and energy management companies ensure clean power use. Operations and maintenance emphasise continual efficiency through improved monitoring and analytics. End users, including colocation providers, corporations, and cloud service providers, employ these green data centres to lower carbon footprints and operational costs, owing to severe environmental requirements and an increasing emphasis on sustainability.

Green Data Center Market Opportunity Analysis

The proliferation of data from various sources, including smartphones, IoT devices, and cloud computing, necessitates the utilisation of efficient and large-scale data centres. Green data centres use cutting-edge technologies to reduce energy consumption while minimising environmental impact. Governments all over the world are implementing severe environmental regulations and offering incentives for businesses to adopt green technologies. These limits incentivize businesses to construct data centres that use renewable energy and energy-efficient technologies. Innovations in cooling technologies, power management, and virtualization are increasing the energy efficiency of data centres. Liquid immersion cooling and intelligent workload management are common ways to reduce energy usage and operational costs.

The rapid rise of artificial intelligence (AI) in power and cooling technologies is significantly boosting the Green Data Centre business. AI technologies are rapidly being used in data centre operations to increase energy efficiency and reduce carbon footprints, in response to the growing need for sustainable solutions. AI algorithms examine power usage patterns to maximise energy distribution and consumption in data centres. This results in significant reductions in energy waste and greater overall efficiency. AI helps to discover potential issues in power systems before they occur, allowing for preventative maintenance and reducing downtime, ultimately boosting energy efficiency and operational reliability.

Establishing green data centres requires a significant initial investment in energy-efficient technologies, renewable energy sources, and enhanced cooling systems. This large upfront cost may be burdensome, especially for small and medium-sized organisations (SMEs). While green data centres promise long-term operating cost savings, the initial capital investment may deter businesses from making the switch due to concerns about the time required to achieve an acceptable ROI. Green data centres require workers who are knowledgeable about the most modern energy-efficient technologies and sustainable practices. The current shortage of skilled skills may limit the deployment of green data centres.

Insights by Component

The solutions segment accounted for the largest market share over the forecast period 2023 to 2033. Increasing regulations aimed at reducing carbon emissions and promoting sustainability are motivating businesses to choose green data centre solutions. Furthermore, several corporations have voluntarily committed to reduce their carbon footprint as part of their corporate social responsibility activities. Traditional data centres require a lot of electricity, which results in high operating costs. Green data centre solutions, such as energy-efficient cooling systems, renewable energy integration, and optimal server utilisation, help to reduce energy consumption and operating costs, making them more appealing to businesses. As people become more aware of the environmental impact of data centres, there is an increased demand for long-term solutions from both corporations and consumers. This growing awareness is pushing businesses to promote green initiatives and invest in environmentally friendly data centre technology.

Insights by User

The colocation providers segment is dominating the market with the largest market share over the forecast period 2023 to 2033. The growth of digital technology, as well as the exponential rise in data generated by businesses, is increasing demand for data centre services. Colocation providers enable businesses to outsource their data centre requirements, such as server hosting, networking, and storage, without incurring significant upfront infrastructure expenditures. Colocation services can be less expensive than building and maintaining your own data centre infrastructure. Green data centre technology, such as energy-efficient cooling and power systems, can further reduce operational expenses, making colocation an affordable option for businesses looking to manage their IT spending. Businesses are increasingly considering environmental sustainability while selecting service providers.

Insights by Region

North America is anticipated to dominate the Green Data Center Market from 2023 to 2033. The rapid adoption of 5G technology, paired with the advancement of mobile broadband, is increasing demand for green data centres. Increased data flow needs more efficient processing and storage choices. The emergence of cloud computing and big data analytics is another key factor driving market expansion. These technologies need resilient and scalable data centre infrastructures, emphasising the need for energy-efficient and environmentally friendly solutions. North American governments are establishing stricter environmental regulations and sustainability initiatives, encouraging corporations to adopt greener practices. This includes incentives and financing for building energy-efficient data centres.

Asia Pacific is witnessing the fastest market growth between 2023 to 2033. The future of the APAC green data centre business is bright, due to ongoing investments in renewable energy and advancements in power and cooling technologies. The emphasis on lowering carbon footprints and achieving net-zero goals is likely to spur further innovation and improvements in data centre infrastructure throughout the region. The region is seeing a growth in demand for massive data centres, prompting industry leaders like Huawei to stress the importance of hastening the energy transition to offer secure, affordable, and dependable green energy to data centres and the smart world.

 Recent Market Developments

• In December 2023, Liberation Technology Services (LTS) partnered with E-New Data Corp. to build a cutting-edge, environmentally friendly data centre by 2024. The collaboration between LTS and E-New Data Co., Ltd. significantly reduces power and water consumption when compared to traditional data centres.

Major players in the market

• IBM Corporation
• Hewlett Packard Enterprise
• Dell Technologies
• Cisco
• NEC Corporation
• Schneider Electric
• ZutaCore
• Super Micro
• Delta Electronics
• ABB Ltd.
• Huawei Technologies Co. Ltd
• Nortek Air Solutions
• Eaton Corporation
• Cyber Power Systems
• Digital Realty Trust
• Midas Green Technologies
• NTT Communications

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2033.

Green Data Center Market, Component Analysis

• Solutions
• Services

Green Data Center Market, User Analysis

• Colocation Providers
• Cloud Service Providers (CSPs)
• Enterprises

Green Data Center Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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