DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/594p54/green_data_center) has announced the addition of the "Green Data Center Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022" report to their offering.
The global green data center market, valued at US$ 25.87 Bn in 2014, is expected to see growth at a CAGR of 30.8% during the period from 2015 to 2022.
The implementation of advanced technologies such as economizers for cooling in data centers has resulted in improving efficiency and minimizing environmental impact. The adoption of energy efficient and green data center solutions is expected to increase across various verticals such as telecommunications, IT, Banking, Financial Services and Insurance (BFSI) and energy and utility in coming years. Low carbon emissions and reduced e-waste with the use of alternative energy technologies are some of the additional benefits of green data centers.
The global green data center market is segmented based on PUE standards, components, ownership, and geographic regions. The majority of green data center solutions were adopted by the data centers having PUE standard greater than 2 and thus, this segment dominated the global green data center market. The components of green data centers include air conditioning, power unit, storage and servers, network devices, and security appliances among others. The adoption of green data centers is anticipated to increase across all industry verticals including telecommunication, IT, BFSI, healthcare, energy & utility, transportation & logistics, and retail among others. However, telecommunication and IT sectors are expected to witness fastest adoption of green technologies in the coming years.
Based on the revenue generated from different geographies, North America and Europe were the key contributors to the global green data center market in 2014. The rising awareness for energy efficiency in data centers coupled with government regulations that mandate the use of energy efficient and green equipment in data centers are the key factors responsible for high market revenue from these regions. Asia Pacific is also witnessing high growth owing to the government initiatives across countries such as Singapore, Philippines, India and China among others. Other regions such as Middle East and Africa, and Latin America are also expected to witness significant growth in coming years.
The green data center market is moderately consolidated with companies focusing on energy efficiency within their data centers and offering green data center solutions. Some of the key providers of green data center solutions include Cisco Systems, Inc., Ericsson, Fujitsu Ltd, International Business Machines Corporation and Hewlett-Packard Company.
Other significant players in the market include Dell Inc., Eaton Corporation Plc., EMC Corporation, Emerson Network Power, Hitachi, Ltd and Schneider Electric (APC).
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