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Green Data Center Market Trends

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

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Green Data Center Market Trends

Hyperscale data centers are shaping pivotal trends in the green data center industry. These massive facilities, driven by tech giants like Google and Amazon, emphasize sustainability through innovative designs, renewable energy integration, and optimized cooling systems. Their scale sets benchmarks for energy efficiency and operational excellence, influencing industry practices. Trends include increased adoption of renewable energy sources, modular designs for scalability, and AI-driven optimization, setting a trajectory for eco-conscious data management practices globally.

Against this backdrop, in September 2023, Solarvest Borneo Sdn Bhd, a subsidiary of Solarvest Holdings Berhad,a clean energy leader, inked an MoU with the Centre for Technology Excellence Sarawak. This partnership signified a substantial stride in advancing the hyperscale green data center sector within the Borneo region. The MOU signing occurred at MINTRED Connects 2023 Beijing, graced by Sarawak's Ministry of International Trade, Industry, and Investment as well as the Ministry of Education, Innovation, and Talent Development. These collaborative efforts in expanding industry reach will help strengthen the market forecast.

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.