North America Green Data Center Market Size

North America Green Data Center Market Analysis

The North America Green Data Center Market size is estimated at USD 37.27 billion in 2024, and is expected to reach USD 94.21 billion by 2029, growing at a CAGR of 20.38% during the forecast period (2024-2029).

• The expansion of mobile broadband, growth in big data analytics, and cloud computing are also expected to complement the growth of the North American green data center market.
• The market is fuelled by the increasing demand for high-performance virtual switches and machines and next-generation virtualization, enabling organizations to install software-oriented virtual application delivery control. The data center industry is witnessing rapid growth, focusing on efficiency and maximum uptime in the region.
• Hyperscale companies such as Facebook (Meta), Google, AWS, and Microsoft, and colocation companies such as Equinix, Digital Realty, Compass Datacenters, and DataBank are working to make their data centers sustainable. There is rising pressure on governments from environmentalists and the public to approach green sustainability.
• The advantages of green data centers are decreasing space requirements, lowering carbon emissions and long-term operating costs, and reducing water use and waste output. Moreover, investments are being made in technology to track carbon emissions and improve efficiency and the water use of facilities.
• The growth of the green data center is boosted by the increasing adoption of switching towards renewable energy sources. Moreover, the market's growth is expected to be supplemented by the modernization and construction of data features due to a surge in data production, putting a massive demand on energy sources to power and cool data centers.
• Higher Initial Investments restrain the market growth. Building or retrofitting a data center to meet green standards can be expensive. This includes the cost of energy-efficient servers, cooling systems, backup power supplies, and other infrastructure components.
• There was rapid digitalization and an increased emphasis on sustainability during the COVID-19 pandemic. Organizations had to ensure mission-critical systems were operational, had enough power to support them, and had obvious redundancy. To overcome all these challenges, Data center companies developed Data Structure Infrastructure Management (DCIM) software to remotely manage and inspect their data center infrastructure.