1. What is the projected Compound Annual Growth Rate (CAGR) of the Green Data Center Market?
The projected CAGR is approximately 14%.
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Green Data Center Market by Component (Solutions, Cooling, Networking, Power, Management software, Services, Installation & integration, Consulting, Managed), by Application (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & telecom, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Spain, Benelux), by Asia Pacific (China, India, Japan, Singapore, Australia, Indonesia), by South America (Brazil, Argentina, Chile), by MEA (GCC, South Africa) Forecast 2025-2033
The size of the Green Data Center Market was valued at USD 61.4 Billion in 2024 and is projected to reach USD 153.64 Billion by 2033, with an expected CAGR of 14% during the forecast period. This growth is driven by the rising demand for data storage and processing, the increasing need for energy-efficient data centers, and the widespread adoption of cloud computing. With businesses and consumers generating massive amounts of data, data centers play a crucial role in storing and processing this information. However, their high energy consumption has raised concerns about sustainability, prompting a shift toward green data centers that utilize energy-efficient technologies such as free cooling and virtualization to reduce power usage. Additionally, the growing reliance on cloud computing has accelerated investments in sustainable data center infrastructure by leading cloud service providers. As organizations prioritize environmental responsibility and cost savings, the demand for green data centers is expected to rise significantly in the coming years.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 14% 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
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
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The projected CAGR is approximately 14%.
Key companies in the market include Cisco, Dell Inc., Digital Realty, Eaton Corporation, General Electric, Hitachi, Ltd., Huawei Technologies Co. Ltd., IBM Corporation, Microsoft Corporation, Schneider Electric SE, Siemens AG, Vertiv Co..
The market segments include Component, Application.
The market size is estimated to be USD 61.4 Billion as of 2022.
Transition to cloud-based solutions in the U.S.. Growth of mega data centers and trend of collocation in China. and India. Increase in construction of data centers and rise in SME demand in South-East Asian countries. Regional government’s aim to lower data centers carbon footprint.
The increasing adoption of cloud computing.
High cost of equipment over traditional technologies. Security issues in green storage technologies. Incompatibility of green solutions with existing data center.
In August 2023, Huawei unveiled three data center facility solutions in Ulanqab, Inner Mongoli, during the Global Smart Green Data Center Summit 2023. Under the theme "Smart DC, Building the Green Future," industry leaders convened to explore fresh prospects, needs, and obstacles in the data center realm amid the AI computing era, emphasizing eco-friendly practices. Huawei's goal is to support the industry in constructing resilient, eco-conscious, green, streamlined, and dependable data centers, maximizing computing power efficiency per watt.
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The market size is provided in terms of value, measured in Billion and volume, measured in units.
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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