Green Data Center Market- Post Pandemic Recovery Plan - Strategies & Processes | Increase in Carbon Emission by Data Center t...
September 22 2020 - 1:30AM
Business Wire
The green data center market size is expected to grow by USD
44.92 billion during 2020-2024, expanding at a CAGR of over 11%.
The report also provides the market impact and new opportunities
created due to the COVID-19 pandemic. We expect the impact to be
significant in the first quarter but gradually lessen in subsequent
quarters – with a limited impact on the full-year economic
growth.
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Technavio has announced its latest market
research report titled Global Green Data Center Market 2020-2024
(Graphic: Business Wire)
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Green Data Center Market: Increase in carbon emissions by data
centers
Green data center market is driven by the increase in carbon
emissions by data centers. Data centers include the operation of
components, such as IT servers, UPS, building shell, and cooling
systems, which result in high carbon emissions. Data centers that
are powered by coal-generated electricity emit more carbon dioxide
as compared to others. Thus, there is a high demand for green data
centers that can power businesses efficiently to reduce power
consumption, thereby avoiding carbon emissions and reducing the
carbon footprint.
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As per Technavio, the increase in the purchase of renewable
energy sources will have a positive impact on the market and
contribute to its growth significantly over the forecast period.
This research report also analyzes other significant trends and
market drivers that will influence market growth over
2020-2024.
Green Data Center Market: Growing Construction of Containerized
and Modular Facilities
Containerized data centers are portable, modular, contained, and
pre-installed data centers inside a shipping container. The
container in this module hosts the infrastructure components such
as host IT, power, and cooling components. Containerized data
centers have a lower cost compared with traditional data centers
where the deployment and renovation cost is very high.
Containerized/modular facilities are more energy-efficient, which
is built-in with modular power and IT and cooling infrastructure
aids operators to achieve a PUE of less than 1.3. With the growth
in the construction of these data centers, there will be a
considerable reduction in power consumption and carbon emission.
Thus, the construction of containerized and modular facilities is
expected to be a key trend in the market.
“Growing need for energy-efficient
infrastructure and the increasing purchase of renewable energy
sources will further boost the green data centers market growth
during the forecast period”, says a senior analyst at
Technavio.
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Green Data Center Market:
Segmentation Analysis
This market research report segments the green data center market by end-user (IT
infrastructure, power solutions, general construction, cooling
solutions, and monitoring and management) and geography (North
America, Europe, APAC, South America, and MEA).
The IT infrastructure segment led the market in 2019. Vendors in
the IT infrastructure domain, namely Dell, HPE, Cisco, Huawei,
Lenovo, and IBM, are involved in offering energy-efficient
infrastructures that are termed as density-optimized
infrastructures. With more data center operators focusing on
adopting IT infrastructures that can perform complex computing
tasks at a lower price and reduce the OPEX of the data center, the
global green data center market will witness a growth during the
forecast period.
The North American region led the green data center market share
in 2019, followed by Europe, APAC, South America, and MEA
respectively. During the forecast period, the European region is
expected to register the highest incremental growth due to factors
such as the increased number of data centers, and the easy
availability of renewable sources in the region.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 17,000 reports and counting, covering 800
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Fortune 500 companies. This growing client base relies on
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actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005573/en/
Technavio Research Jesse Maida Media & Marketing Executive
US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com
Website: www.technavio.com/