Introduction: As more and more people realize that energy consumption is a major factor affecting data center operations and efficiency, green data centers are becoming more popular. Most organizations are currently implementing strategies to improve cooling and power infrastructure, which are important factors influencing organizational performance, reliability, and maintainability.
As more and more people realize that energy consumption is a major factor affecting data center operations and efficiency, green data centers are becoming more popular. Most organizations are currently implementing strategies to improve cooling and power infrastructure, which are important factors influencing organizational performance, reliability, and maintainability. Green data centers for storing, managing, and distributing information have helped many companies reduce energy consumption and total energy costs. In fact, many energy-conscious companies are investing heavily in the development of green data centers to reduce cooling and power consumption, driving the green data center industry.
Statistics show that by 2020, US data centers will use nearly 140 billion kWh of electricity per year, equivalent to the annual output of 50 large power plants. This is equivalent to emitting 100 million tons of carbon dioxide per year and paying nearly $13 billion in electricity bills. These statistics show that the US green data center industry has huge growth prospects in recent years, and its market revenue is expected to exceed $6 billion by 2024.
It is worth mentioning that the promotion of government departments in optimizing energy use is undoubtedly a complement to business growth. For example, according to the “Government Energy Conservation Technology Act” enforced in January 2017, US government agencies have required agencies to develop regulatory specifications to develop a plan that is fully compliant with the US Environmental Protection Agency. This in turn led to an increase in the use of energy-efficient technologies in the data center, which in effect led the United States to occupy the largest share of the global green data center industry in 2017.
At present, many technology giants are looking forward to investing in the construction of data center infrastructure for industrial parks. Through this business expansion strategy, these companies plan to provide most of the energy to improve operational efficiency. Recently, social media giant Facebook, after obtaining approval from the local government, plans to invest 750 million US dollars to develop data center facilities in Huntsville, Alabama, which became the headline news of the industry media. To power this data center facility, FacebookThe company plans to use 100% renewable energy. The company's strategy will help Alabama improve its economics, as the local government will receive about $300 million in tax revenue from data centers built and operated by Facebook in the next 30 years. Therefore, it is clear that large investments in renewable data center facilities may increase the market size of green data centers in several geographic regions.
In addition to industry giants such as Google and Facebook, many startups are also entering the green data center market. For example, the joint venture between the United States and Norway, Kolos, plans to build the world's largest data center in northern Norway, which will use local hydropower and cold air to reduce energy costs. In order to develop this four-story data center covering 600,000 square meters, Kolos has received funding from the US Investment Bank and some Norwegian investors. The startup announced that the data center project will become one of the world's largest green data centers, as the entire power of the data center comes from wind power and hydropower, which will reduce its energy costs by 60% and provide customers with Cost-effective service.
The increasing awareness of green energy by governments has undoubtedly become a key factor driving the development of the green data center market. In fact, most countries in Europe have implemented strict regulatory practices to encourage the adoption of renewable energy facilities. In this regard, high-tech companies are also beginning to deploy renewable energy-powered data centers, which greatly boosted product demand. By reducing overall operating costs, continued investment in expanding facilities with greater productivity will increase the share of the green data center industry. According to forecasts, by the end of 2024, the market size of the green data center will reach 25 billion US dollars.
Research is further subdivided into components and end users
Data center components are divided into solutions (cooling, networking, power, management software), services (installation and integration, consulting, management). As the demand for these solutions continues to increase to minimize power consumption, network solutions in the green data center market will grow substantially, with a compound annual growth rate of approximately 27%. The network infrastructure ensures the interconnection of physical and network-based devices within the data center facility. In addition, the virtualized network environment also has a growing trend. More and more organizationsImplement network virtualization to reduce costs, increase efficiency, and increase flexibility.
End users are divided into hosting, banking and financial services, energy, government, healthcare, manufacturing, IT, telecommunications and other industry users. The compound annual growth rate of the IT and telecommunications sectors in the green data center market is expected to be 28%, as the digitalization trend for daily activities (such as payments, shopping, etc.) is on the rise. This has led to an organization generating a large amount of data and the need to increase the data center. Installing energy-efficient solutions can reduce energy and operating costs for your organization.
In 2017, the banking and financial services sector invested more than $900 million in the green data center market. As more and more financial institutions adopt digital technology, traditional data processing technologies involving paper documents are being modernized. Replaced by digital technology, higher efficiency, lower redundancy, and faster computing speeds can be achieved. This increases the need for an efficient data center infrastructure to ensure secure storage of growing data. The booming banking and financial services industry will provide better opportunities for green data center market growth.
Today, the data center market is highly competitive. The main players in the green data center market have been fully committed to launch energy-saving solutions, including Microsoft, Dell, Huawei, Colocation America, Verne. , Green House Data and IBM.