Green Data Center Market to grow by USD 146.95 billion from 2022 to 2027; Growth Driven by Increase in Electricity Consumption and cost - Technavio
NEW YORK, Nov. 20, 2023
NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The "green data center market by component (IT infrastructure, power solutions, general construction, cooling solutions, and monitoring and management), end-user (BFSI, energy, IT and telecom, and healthcare and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the green data center market between 2023 and 2027 is USD 146.95 billion.
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The increasing electricity consumption and cost are key factors driving market growth. The energy consumption of data centers is very high and could rise exponentially as the demand for more powerful applications like Autonomous Vehicles, Stream & and 5g-enabled Use Cases rises because they require a lot of electricity to power different equipment. Although technological progress has made it possible to increase energy efficiency in data centers, strategies that can maximize the efficiencies of their operation and improve sustainability are still difficult for individual data center operators.
Higher OPEX involved in renovating existing data centers is the significant challenge restricting market growth. Most of the infrastructure that is placed in a data center has links to each other. Furthermore, it is not possible to convert a data center into a green facility unless it is in a region where renewable energy sources are limited. The use of Free Cooling means changes in the whole air conditioning system, which makes it more and more difficult to build a new facility.
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The green data center market is segmented by component (IT infrastructure, power solutions, general construction, cooling solutions, and monitoring and management), end-user (BFSI, energy, IT and telecom, and healthcare and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
- The market share growth by the IT infrastructure will be significant during the forecast period. In the field of IT infrastructure domain, IT service providers engage in offering energy efficiency infrastructures that are called density-optimized infrastructures on the market, including Dell, Hewlett Packard Enterprise, Cisco, Huawei, and Lenovo.
- Europe is estimated to contribute 42% to the growth of the global market during the forecast period.
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Key Companies in the Green Data Center Market:
ABB Ltd., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Dell Technologies Inc., Delta Electronics Inc., Eaton Corp. Plc, Fujitsu Ltd., Green Revolution Cooling Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., International Business Machines Corp., Modine Manufacturing Co., Panduit Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Siemens AG, Sunbird Inc., Vertiv Holdings Co., and STULZ GmbH
The Edge Data Center Market size is estimated to grow by USD 22,108.25 million at a CAGR of 23.57% between 2023 and 2028.
The Data Warehouse-as-a-Service (DWaaS) Market size is estimated to grow by USD 7,915.19 million at a CAGR of 21.09% between 2022 and 2027.
Green Data Center Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 24.63%
Market growth 2023-2027
USD 146.95 billion
YoY growth 2022-2023 (%)
Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution
Europe at 42%
US, China, Japan, Germany, and the UK
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
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