The Europe Green Data Center Market would witness market growth of 18.8% CAGR during the forecast period (2020-2026). Purposeful energy consumption, the capabilities to precisely look baseline energy price, relax budgetary pressures to enable growth, better computing performance per kilowatt, switch energy to cool/energy to operate ration, increase the life of current units, decrease footprint, and enhance the brand image of the company are some of the major advantages of green data centers.
The growth of the green data center market is driven by the supportive government initiatives to reduce the environment impact of data centers and rising preferences of companies towards green earth campaigns.
Green data center would witness massive demand as it offers efficient and eco-friendly solutions regarding a decline in energy consumption and data storage, and bright prospects of the data storage requirements and new constructions projects, which has appeared due to the norms and the expected surge in requirement to cut down the operational expenditure. One of the major drivers for the green data centers market is the emergence of new technologies like big data, artificial intelligence, machine learning, and the Internet of Things, the global electricity consumption of data centers will continue to expand.
Sustainable energy data centers require a huge cost of the initial investment, though they provide long-term savings and ROI. The demand for a green data center is quite high as compared to other data centers as they comprise cooling infrastructure and green power solutions, along with energy-efficient tools and management systems.
The Germany market dominated the Europe Small & Medium Data Centers Green Data Center Market by Country 2019, growing at a CAGR of 20 % during the forecast period. The UK market is exhibiting a CAGR of 20.4% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 22.4% during (2020 - 2026).
The IT & Telecom market dominated the Russia Green Data Center Market by Vertical 2019, thereby, achieving a market value of $1,463.2 million by 2026. The Government & Defense market is experiencing a CAGR of 20.1% during (2020 - 2026). The BFSI market is showcasing a CAGR of 17.4% during (2020 - 2026). Additionally, The Healthcare market is expected to witness a CAGR of 19.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Green Data Center Market in Europe is expected to register a CAGR of 18.8% 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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