Green Data Center Market is anticipated to have a significant CAGR of 14.3% during the period of 2022-2032
Tuesday, April 19, 2022
NEW YORK, April 11, 2022 /PRNewswire/ -- As per a recent study by Persistence Market Research, the green data center market is expected to advance at a CAGR of 14.3%, from US$ 69.8 Bn in 2022 to US$ 266.6 Bn by 2032.
https://mma.prnewswire.com/media/661339/Persistence_Market_Research_Logo.jpg
The green data center market is gaining pace in several areas, and various enterprises have expressed interest in installing green data center solutions. In the current environment, corporations have begun to implement green efforts for their daily IT operations in order to save money, with green data centers being one of the most prominent initiatives.
Green data center market growth is predicted to increase as a result of advantages such as long-term savings and ROI. As electricity usage, invoices, and CO2 emissions from data centers rise, so will the demand for green data centers. Power from renewable energy sources, cooling facilities, energy-efficient equipment, and management systems are all common components of green data center solutions.
The cost of constructing an energy-efficient green data center is higher than the cost of constructing a typical data center. Despite the fact that green data centers have a lower Total Cost of Ownership (TCO) and will save money in the long run, higher capital investment is seen as a major restraint in the green data center market.
Request for sample copy of report: https://www.persistencemarketresearch.com/samples/33021
As per the study by Persistence Market Research, if the price of power continues to rise at the same rate, the initial return on investment can be realized sooner than projected in the center market growth.
The demand for efficient data storage and management is growing in response to the fast-increasing data traffic.
Green data centers provide environmentally friendly and cost-effective data storage while consuming less energy. As a result, the demand for green data centers is likely develop due to the favorable prognosis for data center storage requirements and the growing need to minimize total operational expenditure.
Various governments are actively working to construct sustainable, ecologically responsible, energy-efficient, and cost-effective data centers. As a result, strict environmental regulations requiring energy conservation will increase demand for green data centers and the liquid cooling market.
Get customized report as per requirement: https://www.persistencemarketresearch.com/request-customization/33021
Green data centers have found new uses in the fields of education and robotics.
The need for green data centers and center liquid cooling is likely to rise as a result of COVID-19. This is attributable to factors such as the increased usage of cloud data center services, the growing reliance on data center automation, the rise of hardware reuse as the main challenge, increased data center hardware remarketing, and environmental consciousness as a result of COVID-19, which is expected to positively impact the green data center market adoption trends.
Key Takeaways
-- Due to increased internet and smartphone adoption, Asia Pacific is
predicted to grow at the fastest rate.
-- In future years, increased use of large data centers by large
organizations is likely to enhance the worldwide green data center
market. The massive cost of implementation and a lack of understanding
of the benefits of green data centers would stifle uptake.
-- The US green data center market size is expected to be US$ 94.4 Bn by
2032.
-- The China market is forecasted to reach US$ 19.3 Bn by the end of the
study period.
-- During the projected period, the media and entertainment vertical are
expected to increase at the fastest rate.
Get full access of report: https://www.persistencemarketresearch.com/checkout/33021
Competitive Landscape
The highly competitive market for green data centers includes a variety of small and large market participants working on both a domestic and international scale. To improve their position in the global economy, key vendors are employing a variety of business tactics.
The global green data center market study has reported that market participants have used important strategies such as new product launches, product upgrades, and new product approvals. Vendors benefit from strategic alliances and cooperation as they expand their product and business portfolios. Other important techniques companies have used to extend their regional footprint and company include mergers and acquisitions.
NTT Communications, IBM Corporation, Cisco Systems, Inc., NEC Corporation, HP Development Company, Equinix, Inc., Schneider Electric SE, Huawei Technologies Co. Ltd., Dell Corporation, ABB Ltd., China Telecom, Digital Realty Trust are among the major players in the global green data center market.
Recent Developments
-- September 2021: Sparkle, the first international service provider,
announces the opening of Metamorfosis II, Greece's first green data
center. To provide high-speed connectivity and a rich ecosystem in
connectivity at the international and domestic levels, the data center
is fully connected with Sparkle's Tier-1 global backbone Seaborne and
pan-Mediterranean optical network, Nibble.
-- August 2021 - As part of its commitment to digitization and the
data-driven economy, the Norwegian government unveiled a new strategy
for all green data centers in the country. New measures for job
development and long-term growth are included in these strategies.
Building green and efficient data centers in Norway is suitable due to
the cold weather, and renewable sources provide 98 per cent of the
electricity.
Related Reports:
-- Data Center RFID Market
-- Mobile/Micro Data Center Market
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact:
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our Website: https://www.persistencemarketresearch.com
View original content:https://www.prnewswire.com/news-releases/green-data-center-market-is-anticipated-to-have-a-significant-cagr-of-14-3-during-the-period-of-2022-2032--301522605.html
SOURCE Persistence Market Research Pvt. Ltd.
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
Einride and IonQ Partnership Uses Quantum Computing to Optimize the Logistics of Electric and Autonomous Freight | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing | Jan 22, 2026
|
|
TESSAN to Redefine Global Mobility at CES 2026 with '100 Travelers' Initiative and Flagship Voyager 205 | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
AGS Devices Goes Live With CELUS Design Platform to Support Faster Electronics Design | Jan 22, 2026
|
|
|
