The market for global green data centers is expected to reach $26 billion by 2015. The IT and telecommunication industry is expected to contribute the largest revenue share, with the Asia Pacific region expected to witness the highest growth, in part due to the increasing IT and telecommunication industries and the enhancement of the healthcare sector in the region. However, to fully understand this market, it is imperative to develop better modeling capabilities. A better understanding of this market is essential for energy planners and policy makers.
Growing demand for data storage has pushed the need for data centers to increase.
However, the high energy consumption is causing concern and driving the industry toward greener measures. Data Centers are essential to applications and data analysis, making their reliability critical. As a result, green data centers are becoming increasingly popular. However, there are still some obstacles to overcome in order to achieve the market’s potential. High initial costs and the lack of awareness of the environmental benefits of green data centers hamper the market growth.
The number of data center providers in the world is projected to rise at a CAGR of 13.4% between 2011 and 2027. China, India and Japan are expected to experience high growth rates in this industry. The U.S. market is forecast to reach $16 billion by 2020, with the U.S. market expected to be at least $16 billion by 2027. These companies are ranked among the world’s largest.
The investment in data center management rose to nearly $49 billion in 2012, and it is expected to rise to more than $60 billion by 2015. Other investments in this industry included power supply solutions, cooling systems, and safety equipment. The data center real estate sector saw a significant increase, growing 8.3% in 2011 to 26 million square meters in 2012.
Aside from UPS systems, other solutions for power management include flywheels, batteries, and transfer switches. Although the adoption of generators is expected to decline, the general construction market is expected to grow as modular and brick-and-motor data center construction projects expand. Further, green data centers are expected to have a positive impact on the global economy and the environment. So, this market will be an excellent opportunity for companies in the industry.
A new wave of technologies is taking the data center industry to the next level.
A new generation of data centres has introduced hybrid cloud infrastructure, server-less technology, and public cloud. By the end of this decade, green data centers will be the norm for delivering mission-critical computer systems to business customers. They are expected to become the center of the internet. And, the industry is also likely to grow in terms of size and scope.