1. What is the projected Compound Annual Growth Rate (CAGR) of the Green Data Center Market?
The projected CAGR is approximately 16.7%.
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Green Data Center MarketGreen Data Center Market by Component (Solutions, Services), by User (Colocation Providers, Cloud Service Providers (CSPs), by By Component (Solutions), by Services (Professional, Managed), by By User (Colocation Providers, Cloud Service Providers, Enterprises), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Green Data Center Market size was valued at USD 70.14 USD Billion in 2023 and is projected to reach USD 206.76 USD Billion by 2032, exhibiting a CAGR of 16.7 % during the forecast period. A green data center is a service facility which utilizes energy-efficient technologies. They do not contain obsolete systems and take advantage of newer, more efficient technologies. With the exponential growth and usage of the Internet, power consumption in data centers has increased significantly. Due to the resulting environmental impact, increase in public awareness, higher cost of energy and legislative action, increased pressure has been placed on companies to follow a green policy. For these reasons, the creation of sustainable data centers has become essential in an environmental and a business sense. With substantial energy demands for operation and the need to develop efficient cooling technology to safeguard equipment, data centers present a particularly interesting field for achieving sustainability. And, at the center of this need, lies energy efficiency.
Component:
User:
The Green Data Center market is poised for significant growth in the coming years. The rising demand for data storage and processing, coupled with environmental concerns and government initiatives, is driving the market. Technological advancements and the increasing adoption of renewable energy sources are further fueling market growth.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 16.7% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 16.7%.
Key companies in the market include Dell EMC Inc. (U.S.), Fujitsu Ltd (Japan), Cisco Systems, Inc. (U.S.), HP Inc. (U.S.), Hitachi Ltd (Japan), Schneider Electric SE (France), IBM Corporation (U.S.), Eaton Corporation (Ireland), Vertiv Corporation (U.S.), Green Revolution Cooling, Inc. (U.S.).
The market segments include Component, User.
The market size is estimated to be USD 70.14 USD Billion as of 2022.
Rapid Emergence of Artificial Intelligence in Power & Cooling Technologies to Drive Market Growth.
Increasing Adoption of Renewable Energy Resources to Reduce Carbon Footprint will Bolster Market Growth.
Cost Considerations Associated with Initial Investment & Modifying Existing Infrastructure to Impede Market Progress.
December 2023: Liberation Technology Services (LTS) partnered with E-New Data Corp. to revolutionize the data centre landscape by building a state-of-the-art, environmentally friendly facility in 2024. The partnership between LTS and E-New Data Co., Ltd. helps significantly reduce power and water consumption compared to traditional data centres.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion.
Yes, the market keyword associated with the report is "Green Data Center Market," which aids in identifying and referencing the specific market segment covered.
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