Research Nester’s recent market research analysis on “Green Data Center Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global green data center market in terms of market segmentation by component, industry vertical, enterprise size and by region.
Rising Demand for Data Storage and Growing Demand for Energy-Efficient Computing Systems to Promote Global Market Share of Green Data Center Market
The global green data center market is estimated to grow majorly on account of rising demand for eco-friendly cloud computing techniques. In the research, it has been estimated that a typical large data center can generate almost 20 to 51 MW of heat. Other than this, researchers say that data transmission and data centers are responsible for almost 1% of energy related GHG (greenhouse gases) emissions. Other than this, the global data center electricity usage in the year 2021 was almost 220-321 Terawatt hours. Hence, to eliminate these factors, the market players are encouraging agencies and organizations to enhance data center energy efficiencies. As the cloud computing is required to be more energy efficient and increasingly relies on renewable sources, other industry verticals such as transportation, manufacturing, and buildings are projected to turn to green data centers to eliminate emissions. Other than this, the major vendors offering ECO modes in UPS to foster the adoption of the green data centers. The ECO mode is also known as economy and active standby is the most energy-efficient UPS operations mode. The corporate social responsibility is a prominent component of various business strategies for numerous companies. To eradicate, their reliance on non-renewable fossil fuels and green data centers utilizes renewable energy sources.
Some of the major growth factors and challenges that are associated with the growth of the global green data center market are:
Growth Drivers:
• Rising Demand for Energy Data Storage
• Increasing Reliance on Renewable Sources
Challenges:
The exorbitant cost of establishing green data centers, lack of awareness, and lack of standardization are some of the major factors anticipated to hamper the global market size of global green data center market.
Access our detailed report at: https://www.researchnester.com/reports/green-data-center-market/5648
By component, the global green data center market is segmented by solutions and services. The solutions segment is projected to hold a share of 61% by the end of 2036. It is projected that the segment’s demand will be boosted by the increasing need for cooling systems, which in turn will accelerate the market expansion.
By region, the Europe green data center market is to generate the highest revenue by the end of 2036. The Europe Green Data Market has garnered USD 8 billion in the year 2023 and is projected to reach USD 13 billion by the year 2036. Technological innovations in data center technology, coupled with the latest developments in design are fostering market growth in the region.
This report also provides the existing competitive scenario of some of the key players of the global green data center market which includes company profiling of ABB Ltd, Asetek Inc, Delta Electronics, Inc, Digital Realty Trust, Cisco Systems, Inc, Dell Technologies Inc, Equinix, Inc, Norwegian Firm Earth Wind and Power, Phonepe, Hewlett Packard Enterprise Company and others.