How big is the Green Data Center Market?

The Green Data Center Market size is expected to reach USD 73.87 billion in 2024 and grow at a CAGR of 15.99% to reach USD 155.09 billion by 2029. Read More

What is the current Green Data Center Market size?

In 2024, the Green Data Center Market size is expected to reach USD 73.87 billion. Read More

Who are the key players in Green Data Center Market?

Cisco Technology Inc., IBM Corporation, Dell EMC Inc., Fujitsu Ltd and Hitachi Ltd are the major companies operating in the Green Data Center Market. Read More

Which is the fastest growing region in Green Data Center Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Green Data Center Market?

In 2024, the North America accounts for the largest market share in Green Data Center Market. Read More

What years does this Green Data Center Market cover, and what was the market size in 2023?

In 2023, the Green Data Center Market size was estimated at USD 63.69 billion. The report covers the Green Data Center Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Green Data Center Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Green Data Center Market - Size, Trends, Industry Share & Report

Green Data Center Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Research Report Covers Global Green Data Center Companies and is Segmented by Service (System Integration, Monitoring Service, and Professional Service), Solution (Power, Servers, Management Software, Networking Technologies, Cooling, and Other Solutions), User (Colocation Providers, Cloud Service Providers, and Enterprises), Industry Vertical (Healthcare, Financial Services, Government, Telecom & IT, and Other Industry Verticals), and Geography. The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Green Data Center Industry Overview

The green data center market is highly competitive, owing to many players in the market running their business domestically and internationally. The market is moderately concentrated. The key strategies adopted by the major players are product innovation and mergers and acquisitions. Some major players in the market are Cisco Technology Inc., IBM Corporation, Dell EMC Inc., and Fujitsu Ltd, among others. Some of the developments are:-

In November 2022, Volkswagen AG aims to make its data center operations net carbon neutral by 2027. To reach this goal, the company has expanded its computing capacities at the Norwegian operator of CO-neutral data centers by partnering with Green Mountain. The partnership with Green Mountain will allow Volkswagen to hit this target, with all servers at Green Mountain running on 100% renewable electricity generated by hydropower. At the same time, they are naturally cooled by the adjacent fjord.

In November 2022, SB Energy Global partnered with Google to supply 942 MW of Green Energy to match Google's texas Data center consumption. Under the partnership, Google's investment in Texas and commitment to clean energy will be supported by 75% of the renewable energy generated by four solar projects of SB Energy that have a combined capacity of 1.2 gigawatts and are currently under construction. These projects aim to be operational by the middle of 2024.