Global Study on Green Data Center Market Size : Solutions to Overpower Services with a CAGR of 14.2% through 2032. During the years 2022-2032, the green data centre market is projected to grow significantly at a CAGR of 14.3%. Market analysts expect the green data centre market to increase from US$ 58.6 billion in 2021 to US$ 266.9 billion in 2032.
“A significant driver of market expansion is the rising popularity of green data centres among enterprises embracing green initiatives for their regular IT operations to save money.”
Governments throughout the world have limited energy use due to concerns about the rising percentage of data centres that use it, which is the main factor driving the market for green data centres.
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Green data centers are becoming more and more popular, as businesses and organizations become increasingly environmentally conscious. Green data centers use less energy, which can save money in the long run. They also have a smaller environmental impact than traditional data centers.
There are several different ways to make a data center green. One way is to use renewable energy sources, such as solar or wind power. Another is to use energy-efficient equipment and design the center for optimal cooling. Green data centers can also recycle or reuse their waste heat to warm buildings or water systems.
Key Companies-
- DELL TECHNOLOGIES
- HPE
- EATON
- SCHNEIDER ELECTRIC
- VERTIV
- GREEN REVOLUTION COOLING
- MIDAS GREEN TECHNOLOGIES
- DELTA ELECTRONICS
- RITTAL
- CISCO and more
The Green Data Center Market Size is growing. As businesses and organizations become more aware of the benefits of green data centers, they are increasingly willing to invest in them. There are also more opportunities for companies to build or operate green data centers as demand increases.
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Green data centers can reduce energy costs, lower emissions and create long-term savings. By investing in green data centers, businesses can show their commitment to sustainability while still keeping their bottom line healthy. Green data center technology is becoming an important part of both current and future infrastructure projects, and the Green Data Center Market Size is proving its value in helping businesses stay competitive while reducing their environmental impact.
The Green Data Center Market Size is expected to continue to grow in the coming years as businesses recognize its potential as a way to both save money and make sure their operations are sustainable. With more green data centers being built, the market can continue to expand and provide businesses with important solutions for reducing energy costs and emissions.
Key Takeaways
- Due to increased internet and smartphone adoption, Asia Pacific is predicted to grow at the fastest rate.
- In future years, increased use of large data centers by large organizations is likely to enhance the worldwide Green Data Center Market Size. The massive cost of implementation and a lack of understanding of the benefits of green data centers would stifle uptake.
- The US Green Data Center Market Size size is expected to be US$ 94.4 Bn by 2032.
- The China market is forecasted to reach US$ 19.3 Bn by the end of the study period.
- During the projected period, the media and entertainment vertical are expected to increase at the fastest rate.
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Research Methodology
In Persistence Market Research report, an exclusive research methodology is utilized to conduct comprehensive research on the development of the Green Data Center Market Size, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the market, which comprise facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the Green Data Center Market Size, to make Persistence Market Research projections on the growth prospects of the market more accurate and reliable.
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