Report Says Green Data Center Market to Touch $145 Billion

Published on: 1 May 2022 04:16 PM
by KnowESG

According to a survey by Verified Market Research, the value of the green data centre market is predicted to reach $145 billion by 2028 as technology usage grows and the sustainability of data centers becomes more prominent. From 2021 to 2028, the market would increase at a CAGR of 16.6%, with the market value climbing from $46.7 billion in 2020. According to the report, several techniques such as artificial intelligence and machine learning will contribute to the growth of the green data center market.

It claims that artificial intelligence and machine learning, which would cut the costs of energy transitions, can play a significant role in efficiently powering and cooling data centers. They can do so by evaluating data to help maximise effective power management and studying the effects on energy use with predictive modelling.

According to the analysis, the most energy-efficient uninterruptible power supply operating mode is ECO mode, often known as active-standby or economy mode. ECO options can save you up to 99 per cent of your energy.

According to the report, the main benefit of the ECO mode is higher bypass line efficiency, which is the raw mains supply, which normally runs at 98 per cent compared to ordinary online efficiency of up to 96 per cent. The report says this gap has the potential to save a lot of money.

Improving energy efficiency and sustainability of data centers, which would consume around 2% of total electricity in the United States and copious amounts of water, are critical components of many firms' sustainability goals. The Markley Group in New England, for example, has implemented technology that has resulted in energy cost reductions of more than $27 billion.

Another analysis by Uptime Institute claims that to continue improving the market, compressive strategies covering every aspect of an organisation's operations should require to manage data center impacts.

Green data centers were examined by component in the Verified Market Research study, which included cooling, networking, power, and management software. It also looked at data centers in terms of applications, such as telecommunications, healthcare, and financial services, among others.

It also looked at how different regions, such as North America, Europe, and the Asia Pacific, influenced the market.

Schneider Electric SE, Hewlett Packard Enterprise Company, Green Revolution Cooling, Eaton Corporation, Dell Technologies, Vertiv Holdings Co., Delta Electronics, Cisco Systems, Midas Green Technologies, and Rittal GmbH & Co. are among the key green data centre competitors in the market today.

Source: Environment + Energy Leader