Sustainable Data Center Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Sustainable Data Center Market – (Component (Solutions [Power, IT, Cooling] and Services [Design and Consulting, Maintenance and Support, Installation and Deployment]), Data Center Size (Small and Mid-sized, Large), Vertical (BFSI, IT and Telecom, Media and Entertainment, Healthcare, Government and Defense, Retail, Manufacturing, Others (energy, research and academia, and transportation and logistics)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Sustainable Data Center Market is valued at US$ 73.07 Bn in 2023, and it is expected to reach US$ 267.22 Bn by 2031, with a CAGR of 17.9% during the forecast period of 2024-2031.
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The Sustainable Data Center Market has grown significantly in recent years. As organizations become more aware of the importance of environmental sustainability, the demand for data centers that prioritize energy efficiency and carbon reduction has grown. Sustainable data centers aim to reduce their environmental effect through a variety of measures, including the utilization of renewable energy sources, the optimization of cooling systems, and the implementation of energy-efficient infrastructure. One of the primary drivers of this industry is the increasing number of data generated by organizations and consumers. As data storage and processing requirements grow, enterprises seek long-term solutions to suit their needs while lowering their carbon footprint.
Additionally, government rules and activities promoting energy efficiency and environmental conservation have accelerated the implementation of sustainable practices in data centers. In addition, technological improvements have had a significant impact on the creation of sustainable data centers. Cooling system innovations, power management improvements, and renewable energy integration have made operations more efficient and environmentally benign. These innovations have reduced not only energy usage but also business operating costs.
List of Prominent Players in the Sustainable Data Center Market:
• Equinix
• Digital Realty
• QTS Realty Trust
• Vantage Data Centers
• CyrusOne
• Compass Datacenters
• Microsoft
• AWS
• Google
• 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
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Market Dynamics:
Drivers-
Industry-wide digital transformations are driving the growing demand for data storage and processing. In addition, increased knowledge and dedication to environmental sustainability are encouraging firms to embrace greener methods. Third, government laws and incentives to encourage energy efficiency and reduce carbon emissions. Lastly, technological and innovative breakthroughs will allow for the creation of more energy-efficient infrastructure and the incorporation of renewable energy.
Challenges:
There are several constraints to consider. Organizations may find it difficult to develop sustainable infrastructure due to the hefty initial expenses. In addition, the difficulty of integrating renewable energy sources into data center operations and managing their intermittent nature can be a challenge. Furthermore, the scarcity of experienced individuals with knowledge of sustainable data center design and operations can impede the adoption of sustainable methods.
Regional Trends:
North America had the greatest market share. The regional expansion can be ascribed to the introduction of energy efficiency standards, legal requirements, and a desire to support sustainability efforts. Rising green approaches across a wide range of firms in the region, as a result of increased environmental consciousness, also contribute to growth. Asia Pacific is estimated to grow with highest CAGR during the projection period. Rapid economic expansion, increased data traffic, environmental concerns, and growing support for international sustainability programs all contribute to the Asia Pacific regional market’s growth.
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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.
Segmentation of Sustainable Data Center Market-
By Components-
• Solutions
o Cooling
o Power
o IT
• Services
o Design and Consulting
o Installation and Deployment
o Maintenance and Support
By Data Center Size –
• Small and Medium-sized data centers
• Large data centers
By Verticals –
• BFSI
• IT and Telecom
• Media and Entertainment
• Healthcare
• Government and Defense
• Retail
• Manufacturing
• Others (energy, research and academia, and transportation and logistics)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
