(PRWEB) July 02, 2014
The green data center market is estimated to grow from $19.25 billion in 2013 to $75.89 billion by 2019, at an expected CAGR of 25.7% for the period of 2013-2019.
Green data centers are the data storage hubs which are constructed following strict environmental regulations, in order to reduce the carbon emissions which adversely affect the society. Green data centers help in saving 80% of the total energy consumed by conventional data centers, while reducing the cost up to 40%.
Browse through the market data tables, figures and detailed ToC on the “Green Data Center Market”:
North America Green Data Center Market
The climate of North America is favorable for green data centers. Countries like Canada have cold climate which is used as a natural coolant for cooling the data center equipment. As 33% of the total energy used in data centers goes in cooling of servers and equipments, favorable climatic condition significantly reduces the operational cost of these data centers. Also, strict governmental regulations and environmental concerns from standard regulatory bodies are driving the North America green data center market at a rapid pace.
The North American green data center market is estimated to grow from $8.41 billion in 2013 to $35.10 billion by 2019, at an expected CAGR of 26.9% from 2013 to 2019.
Europe Green Data Center Market
Most of the countries in Europe have cold climate. Climatic condition of Europe helps in reducing the electricity cost of the data centers. Data centers utilize one-third of its total energy to cool down servers and equipment, this energy consumption can be significantly reduced as the climate of Europe acts as a natural coolant. Recently, Facebook has built a huge green data center in Sweden, taking advantage of its cool climatic condition.
The European green data center market is estimated to grow from $5.0 billion in 2013 to $18.30 billion by 2019, at an expected CAGR of 24.2% from 2013 to 2019.
Asia-Pacific Green Data Center Market
Due to the exponential growth of IT sector worldwide following the last decade, the Asia Pacific region has also experienced a high rate of adoption of IT. This high growth in data production and consumption has triggered the demand for more data centers in this region. Geographically, the Asia Pacific region is suitable for data centers, as the big piece of land required to build a data center is easily available in this region at an economical price.
The Asia Pacific green data center market is estimated to grow from $4.71 billion in 2013 to $20.16 billion by 2019, with an expected CAGR of 27.4% from 2013 to 2019. The compound annual growth rate indicates that the Asia Pacific green data center market is the fastest-growing market.
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