Sustainable Data Center Market Size is valued at USD 73.07 Bn in 2023 and is predicted to reach USD 267.22 Bn by the year 2031 at a 17.9% CAGR during the forecast period for 2024-2031.
Sustainable data centers aim to reduce environmental impact through energy efficiency, renewable energy use, and innovative cooling technologies. They utilize green building practices, deploy energy-efficient equipment, and often rely on solar, wind, or hydro power to minimize carbon emissions. Advanced technologies like AI optimize energy consumption, enhancing their sustainability.
With the growing volume of data being generated, businesses are looking for energy-efficient and carbon-conscious solutions. To lessen their environmental impact, sustainable data centers use renewable energy, optimize cooling systems, and install energy-efficient equipment. Government policies and activities promote the adoption of sustainable practices. Sustainable data centers are now more efficient and cost-effective because to technological developments in cooling systems, power management, and renewable energy integration. However, problems include high initial prices, complications in integrating renewable energy, and a scarcity of experienced specialists. Despite these limitations, the market continues to expand as businesses aim for sustainability.
Competitive Landscape
Some Major Key Players In The Sustainable Data Center Market:
- Equinix
- Digital Realty
- QTS Realty Trust
- Vantage Data Centers
- CyrusOne
- Compass Datacenters
- Microsoft
- AWS
- Apple
- Meta
- Delta Electronics
- Rittal
- Eaton
- Cisco,
- Nortek Air Solutions
- Dell Technologies
- Asetek
- Airedale
- Lenovo
- Fujitsu
- Schneider Electric
- Vertiv
- Midas Green Technologies
- Cyber Power Systems
- Super Micro
- Tripp Lite
- Inspur
- Submer
- DCX The Liquid Cooling Company
- Hewlett Packard Enterprise
- Green Revolution Cooling
- CDP Energy
- Bxterra Power Technology
- ZutaCore
- Other Prominent Players
Market Segmentation:
The Sustainable Data Center Market is segmented on the basis of Component, data centre size, and vertical. The component segment is divided into Solutions (Power, IT, Cooling) and Services (Design and Consulting, Maintenance and Support, Installation and Deployment)). According to data centre size, the market is segmented into small, mid-sized, and large. As per the Vertical segment, the market is categorised into BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Manufacturing and Others (energy, research and academia, and transportation and logistics))
Based on vertical, media and entertainment are the fastest-growing Segments.
Media and entertainment companies produce massive amounts of high-resolution content. These massive amounts of unstructured data must be managed in a way that can be scaled up and accessed across the media chain. Thus, they consume a lot of computation storage and power-intensive services. Due to the unexpected growth of OTT platforms like, energy-efficient data centers are essential to providing their clients. The performance of content delivery solutions' infrastructure is crucial. Media firms are using green data centre solutions to make their content internationally available via PCs, tablets, and laptops.
Large Data Centers Segment To Hold A Larger Market Size During The Forecast Period.
Large data centers have high-density server racks and are over 25,000 square feet. They install ceiling services better and streamline factory floor operations. This sort of large data center uses more electricity than mid-size and corporate data centers. Due to growing data center infrastructure and complex networking, server, storage, and other equipment, green data center solutions and services are needed. massive companies with many cloud computing systems utilize massive data centers. The worldwide green data center market is likely to grow as large organizations use massive data centers.
In The Region, The North America Sustainable Data Center Market Holds A Significant Revenue Share.
North America had the highest market share in 2023. Regional expansion can be ascribed to the emergence of energy efficiency standards, regulatory requirements, and a desire to support sustainability efforts. Rising green approaches across a variety of firms in the region, as a result of increased environmental consciousness, also contribute to growth. Asia Pacific is estimated to experience the quickest CAGR of 22.2% throughout the forecast period. Rapid economic development, increased data traffic, environmental concerns, and growing support for international sustainability programs all contribute to the Asia Pacific regional market's expansion.
Recent Developments:
- In Jan 2024, Google unveiled a Sustainable Data Centre Project valued at $1 billion. Once completely developed, the 33-acre site supported the expansion of Google's innovative artificial intelligence developments and provided power to its globally recognized digital services for businesses and individuals.
- In Nov 2023, Schneider Electric disclosed a multi-year, $3 billion contract with Compass Datacenters during its investor meeting on Capital Markets Day. The agreement sustained the preexisting partnership between the two organizations, which involved the integration of their supply chains for producing and distributing prefabricated modular data center solutions.
Sustainable Data Center Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 73.07 Bn |
|
Revenue Forecast In 2031 |
USD 267.22 Bn |
|
Growth Rate CAGR |
CAGR of 17.9 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Component, data center size, and vertical. |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Equinix, Delta Electronics, Rittal, Eaton, Cisco, Nortek Air Solutions, Dell Technologies, AsetekSchneider Electric, Vertiv, Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Technologies, Airedale,Lenovo, Fujitsu, Cyber Power Systems, Super Micro, Tripp Lite, Inspur, Microsoft, AWS, Google, Apple, Meta, and others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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