According to a new report, published by KBV research, The Global Green Data Center Market size is expected to reach $269.79 billion by 2031, rising at a market growth of 19.2% CAGR during the forecast period.
The Solutions segment is generating the highest revenue in the Global Green Data Center Market by Component in 2023; thereby, achieving a market value of $171.02 billion by 2031. The solutions segment encompasses various technologies and products designed to enhance energy efficiency and reduce the environmental impact of data centers. These include energy-efficient power supplies, advanced cooling systems, virtualization software, and renewable energy sources. The solutions aim to minimize energy consumption, lower carbon footprints, and improve the overall sustainability of data center operations.
The Large Data Centers Service Providers (CSPs) segment experienced a CAGR of 19.4% during (2024 - 2031). CSPs offer data center space, infrastructure, and services to businesses that prefer to outsource their data center operations rather than managing them in-house. This segment has seen substantial growth due to the increasing trend of businesses seeking scalable, cost-effective, and flexible solutions for their data storage and computing needs. Colocation providers offer benefits such as reduced capital expenditure, enhanced security, and operational efficiency, making them an attractive option for many organizations.
The Large Data Centers segment is leading the Global Green Data Center Market by Data Center Size in 2023; thereby, achieving a market value of $177,479.4 million by 2031. Large data centers, often operated by major corporations and cloud service providers, require substantial infrastructure investments and advanced technologies to manage vast data efficiently. These data centers are increasingly adopting green technologies, such as energy-efficient hardware, advanced cooling systems, and renewable energy sources, to reduce operational costs and meet stringent regulatory standards. The scale of these operations and the higher initial investments contribute to the substantial revenue generated by this segment.
The BFSI segment exhibits a CAGR of 19.6% during (2024 - 2031). Financial institutions and insurance companies increasingly prioritize sustainability as part of their corporate social responsibility (CSR) initiatives. These organizations handle vast amounts of sensitive data, necessitating robust and efficient data center infrastructure. By adopting green technologies, BFSI firms aim to enhance their operational efficiency, ensure data security, and meet regulatory compliance while reducing their carbon footprint.
Full Report: https://www.kbvresearch.com/green-data-center-market/
The North America region dominated the Global Green Data Center Market by Region in 2023; thereby, achieving a market value of $107.63 billion by 2031. The Europe region is registering a CAGR of 18.8% during (2024 - 2031). Additionally, The Asia Pacific market would witness a CAGR of 20.2% during (2024 - 2031).
By Component
By User
By Data Center Size
By Vertical
Unique Offerings 
