The Asia Pacific Green Data Center Market would witness market growth of 21.8% CAGR during the forecast period (2020-2026). Green data center is made to offer optimal energy efficiency and reduce environmental impact.
Green data center displays the similar features and properties as that of a traditional data center, though take less energy and space. Companies get economic and environment advantages with the decline in power utilization and energy consumption for complicated operations in green alternatives. Green data centers assist in cutting down the price and lower the companies’ carbon footprint due to the implementation of energy-star rated power supply systems, centralized humidification systems, high-efficiency HVAC, routers, servers, and LED lighting.
In addition, the market would witness various growth avenues due to rising electricity prices globally. In data centers, there is a high need for non-renewable energy sources that should be changed in electrical energy for their operations. Utilization of fossil fuels, coal, and others are included in these non-renewable sources and these sources are used to power electricity generators. The rapid exploitation of non-renewable energy sources caused a consistent increment in the cost of these resources, hence increasing the electricity prices. Moreover, with the constantly increasing data, data processing requirements would surge considerably, necessitating huge electricity needs for data centers. Due to these aspects, companies are opting for installing green data centers, with companies using green energy sources irrespective of the huge initial prices attached to them. The high cost is managed in the long-term utilization with renewable energy sources due to low maintenance prices attached to them.
The China market dominated the Asia Pacific BFSI Green Data Center Market by Country 2019, growing at a CAGR of 18.5 % during the forecast period. The Japan market is showcasing a CAGR of 20.1% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 21.4% during (2020 - 2026).
The Solution market dominated the South Korea Green Data Center Market by Component 2019, thereby, achieving a market value of $2,304.6 million by 2026. The Services market is expected to witness a CAGR of 25.6% 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 Data Centers 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Green Data Center Market in Asia Pacific is expected to register a CAGR of 21.8% during the forecast period (2020-2026)
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).
By Component
By Data Center Size
By Vertical
By Country
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