North America Green Data Center Market By Component (Solution and Services), By Data Center Size (Large and Small & Medium Data Centers), By Vertical (IT & Telecom, Government & Defense, BFSI, Healthcare, Manufacturing, Consumer Goods & Retail and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Green Data Center Market would witness market growth of 18.2% CAGR during the forecast period (2020-2026). An eco-friendly unit that is equipped with servers and computers for the management, storage and distribution of data is known as a green data center.
It mainly works on wind, solar, or hydropower, and the elements are made for optimal energy efficiency and reduced carbon footprint. Centralized humidification, efficient servers, routers, energy-conserving power supply, heating, ventilation, light-emitting diode (LED) systems, and air conditioning (HVAC) are some of the common elements used in green data centers. As compared to the conventional data centers, these systems help in dividing workload, offer centralized control and simple data migration, are more robust, and provide advanced storage experience to the user.
The growth of the green data center is boosted by the increasing adoption for switching towards renewable energy sources. Moreover, the growth of the market is expected to be supplemented by the modernization and construction of data center features, due to a surge in data being produced, putting a massive demand on energy sources to power data centers and cool them. With the expansion of leading companies, like Amazon and Facebook in various regions, the demand would further be boosted.
These companies are producing huge data every day to examine potential customers and collect data, which is utilized to understand the buying/usage patterns of customers with respect to a product or service. Companies can save the costs that they incur on procedures to examine customers’ purchasing patterns by data processing. Though, a huge energy requirement is needed for these data processing needs. As the global demand for server power has surpassed 20 gig watts, it would make data operations hard to work in an economically practical manner for longer durations due to which the market growth would witness a surge in the utilization of non-renewable sources of energy.
The US market dominated the North America Green Data Center Services Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 23.1% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 22.1% during (2020 - 2026).
The Large Data Centers market dominated the Canada Green Data Center Market by Data Center Size 2019, thereby, achieving a market value of $5,320.8 million by 2026. The Small & Medium Data Centers market is showcasing a CAGR of 23% during (2020 - 2026).
Based on Component, the market is segmented into Solution and Services. Solution segment is further bifurcated across Information Technology, Power and Cooling. Based on Data Center Size, the market is segmented into Large and Small & Medium Data Centers. Based on Vertical, the market is segmented into IT & Telecom, Government & Defense, BFSI, Healthcare, Manufacturing, Consumer Goods & Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Hewlett Packard Enterprise Company, Eaton Corporation PLC, Schneider Electric SE, Vertiv Holdings Co., Delta Electronics, Inc., Cisco Systems, Inc., Midas Green Technologies LLC, Green Revolution Cooling, Inc., and Rittal GmbH & Co. KG (Friedhelm Loh Group).
Scope of the Study
Market Segments Covered in the Report:
- Information Technology
By Data Center Size
- Large Data Centers
- Small & Medium Data Centers
- IT & Telecom
- Government & Defense
- Consumer Goods & Retail
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Company
- Eaton Corporation PLC
- Schneider Electric SE
- Vertiv Holdings Co.
- Delta Electronics, Inc.
- Cisco Systems, Inc.
- Midas Green Technologies LLC
- Green Revolution Cooling, Inc.
- Rittal GmbH & Co. KG (Friedhelm Loh Group)
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