The North American integrated data center energy management market is expected to grow from $46.9 million in 2015 to $119.7 million in 2024, according to a new report from Navigant Research. This represents a 43 percent compound annual growth rate (CAGR).
The intelligent building is defined by the integration of software and services to maximize energy and operational efficiency across building systems — from heating, ventilation and air conditioning (HVAC) to lighting and plug loads. However, the data center has been widely omitted from the conversation. As building owners and relevant stakeholders invest in intelligent building solutions to deliver more comprehensive and insightful energy management, they are including onsite and enterprise data centers in their goals for holistic facility optimization.
The majority of revenue for integrated data center energy management stems from software and services augmented by the implementation of building equipment and systems, Navigant says.
The breakdown of decision-making and budgeting silos between IT and facilities management is a critical underlying assumption for the development of the integrated data center energy management market, Navigant adds. The coordination of decision-making and investment is essential to encouraging the idea of integrated data centers to come to fruition. Collaboration between IT and facilities management and executive decision makers is foundational to the broader opportunity of developing fully optimized intelligent buildings.
By coordinating investment in energy conservation measures, equipment upgrades and the use of software and services, integrated data center energy management promises to deliver greater energy and operational efficiency improvements to the facility or campus that hosts the data center.
Navigant’s analysis focuses on North America because this will likely be the pathfinder market.