PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438062
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438062
Green Data Center Market Forecasts to 2030 - Global Analysis By Component (Solutions and Services), Enterprise Size (Small and Medium Enterprises and Large Enterprises), End User and By Geography
According to Stratistics MRC, the Global Green Data Center Market is accounted for $72.7 billion in 2023 and is expected to reach $248 billion by 2030 growing at a CAGR of 19.2% during the forecast period. A green data center is a facility designed and operated with a strong focus on minimizing its environmental impact. Green data centers employ energy-efficient technologies, such as low-power servers and advanced cooling systems, to reduce overall energy consumption. Green data centers are designed to be more resilient and sustainable in the long term. The adoption of technologies like virtualization and resource optimization ensures scalability and adaptability to future technological advancements.
According to International Energy Agency (IEA), data centers account for 1 to 1.5 percent of global electricity consumption.
Market Dynamics:
Driver:
Technological advancements
Technological advancements have played a crucial role in driving the growth of the green data center market. Advanced power management technologies allow data centers to optimize energy usage by dynamically adjusting power allocation based on real-time demand. This helps minimize energy waste and ensures that resources are allocated efficiently, resulting in significant energy savings.
Restraint:
High initial cost
Organizations face substantial upfront investments when transitioning from traditional data center infrastructure to greener alternatives. The integration of energy-efficient hardware, advanced cooling systems, and renewable energy sources involves considerable capital expenditure, posing financial challenges, especially for smaller businesses with limited budgets. Therefore, the high initial costs represent a significant restraint in the green data center market, impeding the widespread adoption of sustainable practices.
Opportunity:
Energy efficiency
Green data centers employ various strategies and technologies to optimize energy usage and reduce waste. These include server virtualization, where multiple virtual servers are hosted on a single physical server, reducing the overall energy consumption. By maximizing energy efficiency, green data centers can support long-term growth without excessive energy consumption and associated costs. As a result, energy efficiency is a significant factor accelerating the market growth.
Threat:
Limited availability
While green data centers aim to minimize their carbon footprint by relying on renewable energy sources like solar, wind, or hydropower, the accessibility and reliability of these sources can vary across regions. Moreover, some geographic areas may face challenges in obtaining a consistent and cost-effective supply of renewable energy. This constraint hampers the feasibility of green initiatives, as data centers heavily dependent on conventional energy sources may struggle to transition to a more sustainable model.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the market. The growing volume of online activities, cloud services, and digital communication has accelerated the need for robust and efficient data storage and processing capabilities. On the other hand, organizations have been forced to reevaluate their goals and budgets due to the pandemic's effects on the economy and disruptions.
The media and entertainment segment is expected to be the largest during the forecast period
The media and entertainment segment is estimated to hold the largest share. Green data centers offer a compelling solution for media and entertainment companies seeking to balance their growing computational needs with environmental responsibility. Moreover, the shift to green data centers in the media and entertainment sectors is driven by the recognition that sustainable practices not only contribute to environmental conservation but also offer long-term cost savings.
The large enterprises segment is expected to have the highest CAGR during the forecast period
The large enterprises segment is anticipated to have lucrative growth during the forecast period. With substantial computing needs and extensive data storage requirements, large enterprises are increasingly recognizing the importance of adopting green data center practices. Moreover, these organizations are investing in energy-efficient technologies, such as server virtualization, advanced cooling systems, and renewable energy sources, to optimize resource utilization and reduce overall energy consumption.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to the adoption of environmentally sustainable practices. The region is characterized by a strong awareness of environmental issues, stringent regulatory frameworks, and a robust IT infrastructure, all contributing to the prominence of green data centers. As the demand for digital services continues to grow, North America remains at the forefront of adopting innovative and eco-friendly solutions in the data center sector, solidifying its position as a key player in the market.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period, owing to the rapid digital transformation, increasing data consumption, and a growing emphasis on sustainable practices. With the proliferation of digital technologies, cloud services, and expanding internet penetration, the demand for data processing capabilities has surged across the region. Moreover, the region's diverse climate conditions also contribute to the exploration of innovative cooling solutions and renewable energy integration in green data center designs.
Key players in the market
Some of the key players in the Green Data Center Market include Cisco Technology Inc., Dell EMC Inc., Hitachi Ltd, Fujitsu Ltd, IBM Corporation, Eaton Corporation, HP Development Company, Schneider Electric SE, Vertiv Corporation, ABB Group, Huawei Technologies Co.Ltd., HCL Technologies Limited, Lenovo, Microsoft Corporation and Siemens AG.
Key Developments:
In October 2023, Siemens and Microsoft partner to drive cross-industry AI adoption. Companies will work together to build additional copilots for manufacturing, infrastructure, transportation, and healthcare industries.
In April 2023, Siemens Digital Industries Software and IBM announced they are expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management and asset management.
In March 2022, Lenovo, an industry leader in PCs, storage and server performance and reliability and Kyndryl the world's largest IT infrastructure services provider announced an expansion of their global partnership to develop and deliver scalable hybrid cloud solutions and edge computing implementations.
Components Covered:
- Solutions
- Services
Enterprise Sizes Covered:
- Small and Medium Enterprises
- Large Enterprises
End Users Covered:
- Healthcare
- BFSI
- Media and Entertainment
- IT & Telecom
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Green Data Center Market, By Component
- 5.1 Introduction
- 5.2 Solutions
- 5.2.1 Networking
- 5.2.2 Cooling
- 5.2.3 Management software
- 5.2.4 Power
- 5.2.5 Other Solutions
- 5.3 Services
- 5.3.1 Installation & integration
- 5.3.2 Managed
- 5.3.3 Consulting
6 Global Green Data Center Market, By Enterprise Size
- 6.1 Introduction
- 6.2 Small and Medium Enterprises
- 6.3 Large Enterprises
7 Global Green Data Center Market, By End User
- 7.1 Introduction
- 7.2 Healthcare
- 7.3 BFSI
- 7.4 Media and Entertainment
- 7.5 IT & Telecom
- 7.6 Other End Users
8 Global Green Data Center Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Cisco Technology Inc.
- 10.2 Dell EMC Inc.
- 10.3 Hitachi Ltd
- 10.4 Fujitsu Ltd
- 10.5 IBM Corporation
- 10.6 Eaton Corporation
- 10.7 HP Development Company
- 10.8 Schneider Electric SE
- 10.9 Vertiv Corporation
- 10.10 ABB Group
- 10.11 Huawei Technologies Co.Ltd.
- 10.12 HCL Technologies Limited
- 10.13 Lenovo
- 10.14 Microsoft Corporation
- 10.15 Siemens AG
List of Tables
- Table 1 Global Green Data Center Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 3 Global Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 4 Global Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 5 Global Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 6 Global Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 7 Global Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 8 Global Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 9 Global Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 10 Global Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 11 Global Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 12 Global Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 13 Global Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 14 Global Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 15 Global Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 16 Global Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 17 Global Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 18 Global Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 19 Global Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 20 Global Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 21 Global Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 22 North America Green Data Center Market Outlook, By Country (2021-2030) ($MN)
- Table 23 North America Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 24 North America Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 25 North America Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 26 North America Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 27 North America Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 28 North America Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 29 North America Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 30 North America Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 31 North America Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 32 North America Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 33 North America Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 34 North America Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 35 North America Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 36 North America Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 37 North America Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 38 North America Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 39 North America Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 40 North America Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 41 North America Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 42 North America Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 43 Europe Green Data Center Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Europe Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 45 Europe Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 46 Europe Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 47 Europe Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 48 Europe Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 49 Europe Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 50 Europe Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 51 Europe Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 52 Europe Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 53 Europe Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 54 Europe Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 55 Europe Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 56 Europe Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 57 Europe Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 58 Europe Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 59 Europe Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 60 Europe Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 61 Europe Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 62 Europe Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 63 Europe Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 64 Asia Pacific Green Data Center Market Outlook, By Country (2021-2030) ($MN)
- Table 65 Asia Pacific Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 66 Asia Pacific Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 67 Asia Pacific Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 68 Asia Pacific Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 69 Asia Pacific Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 70 Asia Pacific Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 71 Asia Pacific Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 72 Asia Pacific Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 73 Asia Pacific Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 74 Asia Pacific Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 75 Asia Pacific Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 76 Asia Pacific Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 77 Asia Pacific Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 78 Asia Pacific Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 79 Asia Pacific Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 80 Asia Pacific Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 81 Asia Pacific Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 82 Asia Pacific Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 83 Asia Pacific Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 84 Asia Pacific Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 85 South America Green Data Center Market Outlook, By Country (2021-2030) ($MN)
- Table 86 South America Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 87 South America Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 88 South America Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 89 South America Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 90 South America Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 91 South America Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 92 South America Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 93 South America Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 94 South America Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 95 South America Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 96 South America Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 97 South America Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 98 South America Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 99 South America Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 100 South America Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 101 South America Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 102 South America Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 103 South America Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 104 South America Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 105 South America Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 106 Middle East & Africa Green Data Center Market Outlook, By Country (2021-2030) ($MN)
- Table 107 Middle East & Africa Green Data Center Market Outlook, By Component (2021-2030) ($MN)
- Table 108 Middle East & Africa Green Data Center Market Outlook, By Solutions (2021-2030) ($MN)
- Table 109 Middle East & Africa Green Data Center Market Outlook, By Networking (2021-2030) ($MN)
- Table 110 Middle East & Africa Green Data Center Market Outlook, By Cooling (2021-2030) ($MN)
- Table 111 Middle East & Africa Green Data Center Market Outlook, By Management software (2021-2030) ($MN)
- Table 112 Middle East & Africa Green Data Center Market Outlook, By Power (2021-2030) ($MN)
- Table 113 Middle East & Africa Green Data Center Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 114 Middle East & Africa Green Data Center Market Outlook, By Services (2021-2030) ($MN)
- Table 115 Middle East & Africa Green Data Center Market Outlook, By Installation & integration (2021-2030) ($MN)
- Table 116 Middle East & Africa Green Data Center Market Outlook, By Managed (2021-2030) ($MN)
- Table 117 Middle East & Africa Green Data Center Market Outlook, By Consulting (2021-2030) ($MN)
- Table 118 Middle East & Africa Green Data Center Market Outlook, By Enterprise Size (2021-2030) ($MN)
- Table 119 Middle East & Africa Green Data Center Market Outlook, By Small and Medium Enterprises (2021-2030) ($MN)
- Table 120 Middle East & Africa Green Data Center Market Outlook, By Large Enterprises (2021-2030) ($MN)
- Table 121 Middle East & Africa Green Data Center Market Outlook, By End User (2021-2030) ($MN)
- Table 122 Middle East & Africa Green Data Center Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 123 Middle East & Africa Green Data Center Market Outlook, By BFSI (2021-2030) ($MN)
- Table 124 Middle East & Africa Green Data Center Market Outlook, By Media and Entertainment (2021-2030) ($MN)
- Table 125 Middle East & Africa Green Data Center Market Outlook, By IT & Telecom (2021-2030) ($MN)
- Table 126 Middle East & Africa Green Data Center Market Outlook, By Other End Users (2021-2030) ($MN)
