The global green data center market is expected to witness significant growth according to a new study by Grand View Research, Inc. This can be attributed to lower operational costs, growing environmental concerns and reduced long term maintenance. Research, education, transportation, retail, government healthcare, IT, financial services, insurance and banking are the industry verticals where these data centers find applicability.
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Environmental hazards related to combustion engine vehicles has led to advancement in technologies such as installation of catalytic converters on generator backup, use of hybrid or electric cars and low emission building materials. In addition, usage of alternatives such as photovoltaic, heat pumps, waste recycling and evaporative cooling contributes negligible emissions and is expected to positively impact market growth. Key market restraints include incompatibility of present data centers with advanced green data centers, high initial cost and lack of awareness.
Vendors are looking for green solutions such as precision data center cooling and natural air cooling solutions in order to lower the computing costs and increase their market presence. This is estimated to present growth opportunities to the market participants.
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Further key findings from the study suggest:
- Owing to reduced environmental impact, financial benefits and favorable government regulations, banking and financial services is expected to exhibit high growth over the forecast period
- With the advent of IT industries in Asia Pacific region, demand for green data center is expected to drive regional market growth. The market in North America and Europe are estimated to observe high growth on the account of favorable climatic conditions. This can be attributed to the cold climate that provides natural cooling solution as most energy is consumed in cooling of equipment and servers
Major industry participants include Fujitsu Corp., Huawei Technologies, APC Corp, EMC Corp, IBM, Dell, Hewlett-Packard, Oracle and Cisco systems. Key market participants employ growth strategies such as development of cost effective and efficient products
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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