Key Drivers and Market Trends
According to projections, the size of the green data centre market would rise by USD 146.95 billion between 2022 and 2027, at a compound annual growth rate of 24.63%. Technavio has been monitoring the green data centre Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
"Navigating through the market drivers of the Green Data Center Market it has been observed that the expansion of the green data centre market is primarily being driven by rising electricity costs and consumption."
Glance of Green Data Center Market Analysis
Energy consumption of data centres is highly high and might expand many times over with the growing need for heavy applications, such streaming, autonomous vehicles, and use cases allowed by 5G.As various technology housed in data centres requires a lot of electricity to run. Data centre operators continue to have difficulties in devising strategies that would maximise their operations' energy efficiency and foster sustainability, even with the advancements in technology leading to increased energy efficiency.
Cisco Systems Inc., Dell Technologies Inc., Eaton Corp. Plc, Hewlett Packard Enterprise Co., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Rittal GmbH & Co. KG, Schneider Electric SE, Siemens AG, and Vertiv Holdings Co. are some of the major market participants when it comes to Green Data Center Market across Europe,North America,APAC,South America,Middle East and Africa - US,China,Japan,Germany,UK
