Dublin, March 27, 2024 (GLOBE NEWSWIRE) -- The "North America Green Data Center - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to ResearchAndMarkets.com's offering.
The North America Green Data Center Market size is estimated at USD 37.27 billion in 2024, and is expected to reach USD 94.21 billion by 2029, growing at a CAGR of 20.38% during the forecast period (2024-2029).
Key Highlights
- The expansion of mobile broadband, growth in big data analytics, and cloud computing are also expected to complement the growth of the North American green data center market.
- The market is fuelled by the increasing demand for high-performance virtual switches and machines and next-generation virtualization, enabling organizations to install software-oriented virtual application delivery control. The data center industry is witnessing rapid growth, focusing on efficiency and maximum uptime in the region.
- Hyperscale companies such as Facebook (Meta), Google, AWS, and Microsoft, and colocation companies such as Equinix, Digital Realty, Compass Datacenters, and DataBank are working to make their data centers sustainable. There is rising pressure on governments from environmentalists and the public to approach green sustainability.
- The advantages of green data centers are decreasing space requirements, lowering carbon emissions and long-term operating costs, and reducing water use and waste output. Moreover, investments are being made in technology to track carbon emissions and improve efficiency and the water use of facilities.
- The growth of the green data center is boosted by the increasing adoption of switching towards renewable energy sources. Moreover, the market's growth is expected to be supplemented by the modernization and construction of data features due to a surge in data production, putting a massive demand on energy sources to power and cool data centers.
- Higher Initial Investments restrain the market growth. Building or retrofitting a data center to meet green standards can be expensive. This includes the cost of energy-efficient servers, cooling systems, backup power supplies, and other infrastructure components.
- There was rapid digitalization and an increased emphasis on sustainability during the COVID-19 pandemic. Organizations had to ensure mission-critical systems were operational, had enough power to support them, and had obvious redundancy. To overcome all these challenges, Data center companies developed Data Structure Infrastructure Management (DCIM) software to remotely manage and inspect their data center infrastructure.
Increasing Demand for Data Storage Expected to Drive the Market Growth
- The demand for data storage and processing services continues to grow in the United States, driven by the expansion of cloud computing, the Internet of Things (IoT), and big data analytics. According to Cisco Systems, North America will have the most 5G connections made using wearable devices in 2022. The 439 million connections in North America would be 222 million more than those made to 4G networks in 2017. In North America and Asia Pacific, wearables are forecasted to account for around 70 percent of the wearable 5G connections globally in 2022. This growth has increased the need for data centers, including green data centers.
- The growing demand for data storage and processing has led to the construction and expansion of data center facilities. Many businesses and service providers are building new data center facilities. Many businesses and service providers are building new data centers or expanding existing ones to accommodate the increasing data load.
- An environmentally friendly data center's primary goals are energy efficiency and minimal environmental effect. A green or sustainable data center is a location for storing, managing, and transmitting data where all systems, including mechanical and electrical ones, conserve energy. It produces fewer carbon footprints, which reduces costs and improves efficiency.
- Further, these green data centers enable contemporary firms to conserve electricity and cut carbon emissions. Their use is expanding in the United States among large corporations and SMBs. Such data centers can successfully serve the aims of a vast array of company data, from collection to processing and review to distribution.
- Green data centers in the United States can apply to become accredited. The Leadership in Energy and Environmental Design (LEED) grading system is the most extensively utilized green building rating system (LEED). The United States Green Building Council created it, accessible in various categories. Data centers may be awarded a silver, gold, or platinum certification based on their ratings. Platinum certification is given to data centers with the greatest environmental responsibility and resource efficiency.
- Energy Star's National Data Center Energy Efficiency Information Program, part of a project by the US Environmental Protection Agency and the US Department of Energy, may also certify data centers. The program verifies the energy efficiency of buildings and consumer products. Energy Star certification is only given to data centers that perform in the top 25% of all data centers regarding energy efficiency. The market was experiencing growth and transformation due to increasing awareness of environmental sustainability, energy efficiency, and the need to reduce carbon footprints in the data center industry. Green data centers in the United States aim to minimize their environmental impact while maintaining high data processing and storage capabilities.
A selection of companies mentioned in this report includes, but is not limited to:
- Fujitsu Ltd
- Cisco Technology Inc.
- HP Inc.
- Dell EMC Inc.
- Hitachi Ltd
- Schneider Electric SE
- IBM Corporation
- Eaton Corporation
- Emerson Network Powers
- GoGrid LLC
For more information about this report visit https://www.researchandmarkets.com/r/8266th
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