Rockville , March 12, 2024 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, through its newly published study, reveals that green data centers Market is set to reach a valuation of US$ 66.52 billion in 2024 and further advance at a CAGR of 15.5% from 2024 to 2034.
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Rising popularity of high-end cloud computing in numerous enterprises is expected to increase the demand for green data centers. The growing inclination to network upgrades and multi-cloud systems for supporting 5G technology is estimated to offer ample opportunities for the expansion of the green data center market. Further, increasing requirements for energy-efficient infrastructure along with the purchase of various renewable energy sources, including geothermal, hydroelectric, wind, and solar are projected to increase demand for green data centers.
Sustainable data centers can minimize carbon emissions with a growing dependency on clean energy compared to conventional data centers, which depend on fossil fuels. The emergence of some advanced technologies, including machine learning (ML) and artificial intelligence (AI) in green data centers is estimated to aid in the automation of processes thus minimizing carbon emission.
| Report Attribute | Details |
| Value Projection (2034) | US$ 281.04 Billion |
| Growth Rate (2024-2034) | 15.5% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Key Takeaway from Market Study
- Worldwide demand for green data centers is estimated at a market value of US$ 66.52 billion in 2024.
- The global green data center market is set to reach a value of US$ 281.04 billion by the end of 2034.
- The market is projected to expand at a CAGR of 15.5% from 2024 to 2034.
- East Asia is anticipated to account for 38.4% share of global market revenue by the end of 2034.
- Demand for green data centers in Japan is estimated to increase at a CAGR of 16.4% from 2024 to 2034.
- Large-size enterprises are forecasted to contribute 71.4% share of the global market by 2034.
“Growing environmental concerns, priority for CSR initiatives, and energy-efficiency practices minimizing carbon footprints are key factors driving demand for green data centers,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- Dell Technologies
- Vertiv
- HPE
- Schneider Electric
- Eaton
- Hewlett Packard Enterprise
- Green Revolution Cooling
- Midas Green Technologies
- Rittal
- Cisco
- Lenovo
- Cyber Power Systems
- Fujitsu
- Bxterra Power Technology
Growing Use of Green Data Centers in Large-Size Enterprises for Energy Efficiency
Demand for green data centers in large-size data centers is projected to increase at a CAGR of 15.5% and reach a market value of US$ 200.66 billion by the end of 2034. This rising demand for green data centers is owing to the growing use of high-density cloud computing equipment in these enterprises. In addition, the availability of more complex storage, servers, networking, and other technology in these centers is projected to generate demand for more efficient green data center services and solutions for energy efficiency.
Key Market Players
Some of the prominent companies operating in the global green data center market include Dell Technologies, Vertiv, HPE, Schneider Electric, and Eaton. Market competition is set to get only more and these leading players are incorporating numerous strategies to increase their profit share and gain a competitive edge in the market.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the green data center market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on component (solutions, services), size (small & medium size, large size), and vertical (BFSI, IT & telecom, media & entertainment, healthcare, government & defense, retail, manufacturing, others), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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