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Green Data Center Market Analysis

Report ID: GMI2420
Published Date: Dec 2023
Report Format: PDF

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Green Data Center Market Analysis

Green Data Center Market Revenue, By Component, 2022 – 2032, (USD Billion)

Based on component, the solution segment is projected to witness 13% CAGR through 2032, propelled by its solutions component. The Innovative technologies like efficient cooling systems, renewable energy integration, and AI-driven optimization define this sector. Businesses seek sustainable solutions to curb energy consumption and reduce carbon footprints, fostering the market for eco-friendly data management. The surge in demand for modular designs, advanced hardware, and software solutions highlights a crucial shift towards environmentally conscious data centers, driven by the imperative to balance technological prowess with environmental responsibility.

Green Data Center Market Share, By Application, 2023

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Based on application, the green data center market size of colocation segment dominated around USD 7.5 billion in 2023, driven by embracing shared infrastructure for efficient resource utilization. This approach minimizes individual environmental impact by consolidating multiple users into centralized, eco-friendly facilities. Businesses opt for colocation to leverage sustainable infrastructure, cutting operational costs and energy consumption. Providers offering green colocation services attract environmentally conscious enterprises seeking scalable, high-performance solutions while reducing their carbon footprint. This rising demand for eco-centric colocation aligns with the market's push for sustainable data management practices.

U.S. Green Data Center Market Revenue, 2022 -2032, (USD Billion)

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North America region held approximately 45% share of the green data center market in 2023. The region's focus on renewable energy sources, coupled with stringent environmental policies, drives the adoption. Companies prioritize eco-friendly data solutions to comply with regulations and reduce operational costs. The market witnessed a surge in modular designs, innovative cooling technologies, and renewable energy integration. North America's growing awareness of environmental impact fuels the ascent of green data centers, aligning with the region's commitment to sustainable practices.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of green data center reached USD 61.4 billion in 2023 and is set to expand at 14% CAGR from 2024 to 2032, due to the rising adoption of eco-friendly practices, sustainable goals and cost efficiency by several industry giants worldwide.

The solutions component segment is expected to register over 13% CAGR during 2024 to 2032, owing to the increasing adoption of innovative technologies like efficient cooling systems, renewable energy integration, and AI-driven optimization.

North America held over 45% of the market share in 2023, attributed to growing focus on renewable energy sources coupled with stringent environmental policies in the region.

Cisco, Dell Inc., Digital Realty, Eaton Corporation, General Electric, Hitachi, Ltd., Huawei Technologies Co. Ltd., and IBM Corporation are some of the major green data center companies worldwide.