Global Market for Green Data Center Construction Projects Expected to Grow, says Beroe Inc
Source: PR Newswire
The global market for green data center construction projects is accelerating at a remarkable pace. It is expected to continue growing in the coming years.
Raleigh, North Carolina, Aug 06 -- The global market for green data center construction projects is expected to grow at a healthy 10 percent CAGR between 2019 and 2022. Green building technology alludes to construction projects in a sustainable, responsible, and eco-friendly way, from the stage of planning and acquisition to design, architecture, and construction. It includes better construction, site selection, maintenance, design, and green building materials life cycle. Also noteworthy is that this trend isn't just seen in economically wealthy countries like the U.S. but also in other parts of the world.
“We are heading towards a phase where sustainable construction will be a game-changer. This shift will bring plenty of advantages. For example, they are a powerful way to accomplish different global objectives on the economic, social, and environmental fronts. Economic green buildings deliver financial returns that incorporate work creation, high property estimation for building engineers, low development expenses, and cost investment funds,” said Gayathri Murali, Senior Research Analyst at Beroe. ''The cross-cutting categories of site selection, water conservation, energy efficiency, use of renewables, and interior environmental quality will play a predominant role in this sustainable makeover''.
The construction industry accounts for 40 percent of the worldwide energy usage and is also a cause of 23 percent of air pollution and 40 percent of water pollution. As a result, with the deepening trends for green building, there are some common standards that have become quite popular, like Leadership in Energy and Environmental Design (LEED), DGNB System, Building Research Establishment & Environmental Assessment Method (BREEAM), Green Globes, and National Green Building Standard.
Data Centers and Green Practices
In general, data centers consume tremendous amounts of energy. However, they do have green energy objectives, and it varies on the execution plan. Fabricating data centers demand extensive expertise and due diligence. Therefore, organizations need to pay particular consideration when it comes to hiring top-notch experts and consultants, engineers, architects, and subcontractors for work. Thus, the best methodology is taking direction from the specialists on embracing modern energy-saving and cooling practices to save costs. Numerous server farms request a drawn-out industrialized methodology and conveyance of capital and assets to frame new offsite age. On the other side, many centers use onsite roof space to amplify solar generation and aim to opt for purchasing power agreements (PPAs) from renewable power plants. The pivotal area of sustainability in data centers is their power source that establishes the level of climate influence from a given unit of electricity. However, due to geographical and regulatory coercion, many business houses have low-carbon options.
There are various sustainability Regulations in the U.S., Europe (Ireland and Spain), Singapore, Japan, Australia, and India. Each country has its own regulatory body that aims to assess buildings’ environmental performance according to sustainability regulatory standards. The APAC adoption is still low, but the adoption has begun in Singapore and Australia.
“Today, consolidating energy-efficient landscaping into the overall building design bears out fruitful results. Green building technologies are gaining traction because of the buildings’ significant 40% share of global energy consumption. A fall in prices, government support, and growing awareness among building owners and users will further push this growth towards sustainability. Furthermore, the adoption of modern, efficient technologies will boost the complete process and extend greater investment potential”, said Gayathri Murali, Senior Research Analyst at Beroe. “Green building technologies that appear promising, as well as popular sustainable certifications or standards, will kickstart the construction of such buildings and hopefully convey the significance of sustainability worldwide.”
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About Beroe Inc
Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions — leading to lower costs, greater profits, and reduced risk. Beroe has been providing these services for more than 15 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies. For more information about Beroe Inc., please visit https://www.beroeinc.com/.