Green Data Centers Market to Reach $509.6 Billion by 2030: US$147.2 Billion Estimated for 2023

Dublin, Nov. 11, 2024 (Alayaran News) - The global green data centers market is projected to grow at a CAGR of 19.4% from 2023 to 2030, reaching an estimated value of $509.6 billion by 2030, according to a new report by ResearchAndMarkets.com.

The market for green data centers was estimated to be around US$147.2 billion in 2023, driven by the rising demand for cloud services and data storage, increasing regulatory pressure to reduce carbon emissions, advancements in energy-efficient technologies, and growing focus on corporate sustainability.

Key drivers of the market growth include:

• Exponential growth in data generated by businesses and consumers
• Regulatory pressure from governments and international organizations to reduce carbon emissions and promote energy efficiency
• Advancements in cooling technologies, AI-based energy management, and renewable energy integration

The increasing demand for cloud computing, AI, IoT, digital services, and growing awareness of corporate sustainability have led companies to adopt green data centers. Additionally, investors and customers are increasingly evaluating companies based on their sustainability practices, with green data centers being seen as a way for businesses to improve their ESG credentials.

Financial benefits, including long-term savings on energy costs and operational efficiency, are also contributing to the growth of the green data center market.

Report highlights:

• Significant growth trajectory in the Solutions Component segment
• Regional analysis includes key markets such as the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa
• Company profiles covering major players like Cisco Systems, Inc., Dell Technologies, Eaton Corporation, and more

For more information on this report, visit: https://www.researchandmarkets.com/r/mcnd3t