PUBLISHER: KBV Research | PRODUCT CODE: 1635316
PUBLISHER: KBV Research | PRODUCT CODE: 1635316
The Asia Pacific Green Data Center Market would witness market growth of 20.2% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Green Data Center Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $20,745.6 million by 2031. The Japan market is expected to witness a CAGR of 19.4% during (2024 - 2031). Additionally, The India market would register a CAGR of 21% during (2024 - 2031).
Consumers increasingly choose businesses that prioritize sustainability as they become more environmentally conscious. Data center operators are adopting green technologies to meet this demand and appeal to eco-conscious customers. As a result, organizations that run their data centers sustainably can gain a competitive edge in the market.
The market is evolving rapidly, driven by the growing need for sustainability, energy efficiency, and regulatory compliance. One of the most prominent trends in the green data center market is the shift toward renewable energy. Many data center operators are investing in solar, wind, and hydroelectric power to meet their energy needs sustainably. Falling renewable energy costs support this trend, making it more economically viable for companies to adopt green energy solutions.
India's fintech industry, expected to grow from $50 billion in 2021 to $150 billion by 2025, is fueling a massive demand for data storage and processing solutions. With the banking sector already one of the world's most stable and nearly 78% of the population holding bank accounts, digital financial services are becoming more prevalent. This expansion in digital banking, mobile wallets, and fintech platforms has significantly increased the need for secure and scalable data infrastructure. As India continues its digital transformation, ensuring sustainability in its data centers will be a key focus.
With the Indian government's commitment to promoting green initiatives and renewable energy sources, businesses are encouraged to adopt environmentally responsible solutions. Green data centers that utilize energy-efficient technologies and renewable power sources will play a crucial role in meeting the growing data storage needs while minimizing environmental impact. Thus, China and India are at the forefront of the digital revolution, with significant growth in their IT services and fintech sectors.
Based on Component, the market is segmented into Solutions (Cooling/HVAC Systems, Power Systems, Monitoring & Management Systems, and Networking Systems) and Services (Professional Services and Managed Services). Based on User, the market is segmented into Enterprises, Large Data Centers Service Providers (CSPs), and Colocation Providers. Based on Data Center Size, the market is segmented into Large Data Centers and Small & Medium Data Centers. Based on Vertical, the market is segmented into IT & Telecom, Government & Defense, BFSI, Healthcare, Manufacturing, and Other Verticals. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Green Data Center Market Report Segmentation
By Component
By User
By Data Center Size
By Vertical
By Country