Green Data Center Market Expected to Surpass USD 272.2 Billion by 2032 with Rising Demand for Sustainable IT Infrastructure | Research by SNS Insider

10月25日 13:00 GlobeNewswire

Government Regulations and Technological Innovations Accelerate Green Data Center Growth, Fueling Demand for Energy-Efficient Solutions

Pune, Oct. 25, 2024 (GLOBE NEWSWIRE) — Green Data Center Market Size Analysis:

“According to SNS Insider, the Green Data Center Market was valued at USD 62.9 billion in 2023 and is projected to reach USD 272.2 billion by 2032, growing at a CAGR of 17.7% from 2024 to 2032.”

Market Analysis

The key driver propelling the green data center market is the growing emphasis on sustainability and energy efficiency, driven by increasing regulatory frameworks aimed at curbing carbon emissions. Governments worldwide are implementing stringent regulations and offering incentives to promote the adoption of energy-efficient data centers. For instance, the European Union’s Green Deal sets ambitious targets for reducing carbon emissions, encouraging industries to adopt eco-friendly practices, including green data center solutions. Similarly, the U.S. government has introduced tax incentives for companies that invest in sustainable data center technologies, fostering a shift towards environmentally friendly operations.

Moreover, organizations are increasingly aware of the financial benefits associated with green data centers. The adoption of renewable energy sources, such as solar and wind, coupled with energy-efficient cooling systems, reduces operational costs while simultaneously supporting global sustainability goals. This has prompted enterprises across various sectors to invest in sustainable IT infrastructure, driving market growth. The International Energy Agency (IEA) predicts global data center energy demand to rise by 4% annually through 2030, with renewable energy playing an important role in operations. Governments are imposing stricter environmental regulations, such as the U.K.’s 2023 commitment to make all data centers net zero carbon by 2030. These policies are accelerating the shift towards green data center infrastructure.

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Major Players Analysis Listed in this Report are:

Schneider Electric (EcoStruxure IT, Galaxy VM)
Vertiv Group Corp. (Liebert EXL S1, Trellis)
Eaton Corporation (Power Xpert, 93PM UPS)
Huawei Technologies Co., Ltd. (FusionModule2000, SmartLi UPS)
IBM Corporation (IBM Cloud Paks, Energy Efficiency Solutions)
Rittal GmbH & Co. KG (LCP DX Cooling, RiMatrix S)
Siemens AG (BlueVault Energy Storage, Desigo CC)
Delta Electronics, Inc. (InfraSuite Datacenter Solution, Modulon DPH UPS)
Cisco Systems, Inc. (Cisco Nexus Switches, UCS Power Manager)
Hewlett Packard Enterprise (HPE Synergy, HPE Aruba GreenLake)
Amazon Web Services (AWS)
Google LLC
Microsoft Corporation
Facebook, Inc.
Apple Inc.
Alibaba Group
Tencent Holdings Ltd.
Salesforce, Inc.
Bank of America Corporation

Green Data Center Market Report Scope:

Report Attributes	Details
Market Size in 2023	USD 62.9 billion
Market Size by 2032	USD 272.2 billion
CAGR	CAGR of 17.7% From 2024 to 2032
Base Year	2023
Forecast Period	2024-2032
Historical Data	2020-2022
Key Regional Coverage	North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Key Growth Drivers	•Companies are increasingly adopting green data centers to reduce energy consumption and operational costs, driven by regulatory pressures and corporate sustainability goals. •Governments worldwide are implementing stringent regulations to reduce carbon emissions, alongside offering incentives and subsidies for adopting eco-friendly practices, spurring demand for green data centers •The massive expansion of cloud computing, big data, and IoT requires scalable and sustainable data management solutions, leading companies to prioritize energy-efficient data centers.

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Cloud and AI Fuel Technological Advancements

Cloud computing and artificial intelligence (AI) are key technological innovations boosting the demand for green data centers. The integration of AI-powered systems allows data centers to optimize power consumption, monitor real-time energy use, and predict maintenance needs, further reducing operational costs and improving efficiency. Meanwhile, cloud-based solutions enable data centers to scale operations while maintaining energy efficiency, contributing to the growing adoption of green technologies.

Segmentation Analysis

By Component

In 2023, the solution segment dominated the green data center market and accounted for 65% of the revenue share. This segment includes energy-efficient hardware, power management solutions, and cooling systems designed to minimize energy consumption. The demand for advanced solutions, such as liquid cooling and immersion cooling technologies, is gaining traction due to their ability to significantly reduce power usage and improve overall data center efficiency.

Several innovations, such as direct-to-chip cooling and the use of free cooling techniques, have further propelled the solution segment. Companies are also focusing on integrating renewable energy sources, such as solar panels and wind turbines, to power their data centers, thus reducing dependency on traditional energy sources and cutting carbon emissions.

By End-Use

The BFSI (Banking, Financial Services, and Insurance) segment contributed 23% of the green data center market revenue share in 2023. As the financial sector increasingly relies on data-intensive applications, such as real-time transactions, digital banking, and online trading platforms, the demand for energy-efficient and reliable data center infrastructure has surged. Regulatory bodies, such as the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC), mandate strict data storage and processing standards, driving the need for sustainable data center solutions.

Moreover, BFSI organizations are adopting cloud services and AI-driven analytics to optimize their operations, further emphasizing the need for green data centers to manage growing data volumes while reducing environmental impact.

Green Data Center Market Segmentation:

By Component

Solution
- Monitoring & Management System
- Cooling System
- Networking System
- Power Systems
- Others
Services
- Installation & Deployment
- Consulting
- Support & Maintenance

By Enterprise Size

Large Enterprises
Small & Medium Enterprises (SMEs)

By End-use

BFSI
Retail
IT & Telecom
Healthcare
Manufacturing
Government & Defence
Others

Regional Analysis

North America dominated the global green data center market in 2023, driven by the rapid adoption of advanced technologies, favorable regulatory frameworks, and a growing focus on sustainability. The presence of several major tech companies, such as Google, Microsoft, and Amazon, has fueled the region’s growth in energy-efficient data centers. These companies are committed to achieving net-zero carbon emissions and are heavily investing in renewable energy and green infrastructure. Government initiatives, such as the U.S. Department of Energy’s Data Center Optimization Initiative (DCOI), further support the growth of green data centers by promoting energy efficiency in federal data centers. Additionally, Canada’s focus on renewable energy sources, including hydropower, has made the country an attractive location for green data center investments.

The Asia-Pacific region is the fastest-growing market for green data centers, driven by rapid digital transformation, increasing demand for cloud services, and government initiatives supporting sustainable development. Countries such as China, India, and Japan are making significant investments in renewable energy and energy-efficient data center technologies to meet the region’s rising data storage and processing needs. China’s 14th Five-Year Plan emphasizes digital innovation and environmental sustainability, promoting the development of green data centers to support the country’s growing tech industry. India’s Digital India initiative, along with investments in renewable energy projects, such as the National Solar Mission, is expected to further drive the demand for sustainable data center infrastructure.

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Recent Developments in the Green Data Center Market

June 2024: Google announced the expansion of its green data centers in Europe, integrating AI-driven energy management systems to optimize power usage.
March 2024: Microsoft launched a new initiative aimed at achieving zero-waste data centers by 2030, focusing on recycling and reusing materials from retired hardware.
February 2024: Equinix revealed plans to invest $3 billion in building new green data centers across North America, utilizing 100% renewable energy sources.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Green Data Center Market Segmentation, By Component

8. Green Data Center Market Segmentation, By Enterprise Size

9. Green Data Center Market Segmentation, By End-use

10. Regional Analysis

11. Company Profiles

12. Use Cases and Best Practices

13. Conclusion

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