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Midas Green Tech

About Midas Green Tech

Midas Green Tech provides a data center cooling solution. The company specializes in immersion cooling, server cooling, reducing the cost of cooling, eliminating data room noise, eliminating data room dust, and eliminating the need for air conditioning. It is based in Austin, Texas.

Headquarters Location

8107 Springdale Road Suite #103

Austin, Texas, 78724,

United States

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Latest Midas Green Tech News

Green Data Center Global Market Report 2022

Sep 14, 2022

Major players in the green data center market are Schneider Electric, Vertiv, Hewlett Packard Enterprise, Green Revolution Cooling, Midas Green Technologies, Delta Electronics, Rittal, Eaton, Cisco, Dell Technologies, Fujitsu, Hitachi, IBM, Huawei Technologies, Siemens, Nortek Air Solutions, Asetek, and Airedale. September 14, 2022 10:54 ET Lyon, FRANCE New York, Sept. 14, 2022 (GLOBE NEWSWIRE) -- announces the release of the report "Green Data Center Global Market Report 2022" - The global green data center market is expected to grow from $48.63 billion in 2021 to $58.06 billion in 2022 at a compound annual growth rate (CAGR) of 19.40%. The green data center market is expected to grow to $120.26 billion in 2026 at a compound annual growth rate (CAGR) of 19.97%. The green data center market consists of sales of green data centers by entities (organizations, sole traders, and partnerships) that refer to a data repository with mechanical, lighting, electrical, and computer systems that are designed to improve energy efficiency and reduce the environmental effect.Organizations utilize data centers to handle, store and distribute huge amounts of information. Advanced technologies and methods are used in the design and operation of a green data center. The main components of green data centers include solutions, and services.Solutions refer to green data center solutions such as enhanced technology, management assessment, green procurement, recycling, and others. The data center size included small and medium-sized data centers and large data centers and are used in BFSI, IT and telecom, media and entertainment, healthcare, government and defense, manufacturing, and other verticals. North America was the largest region in the green data center market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in the green data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The green data center market research report is one of a series of new reports that provides green data center market statistics, including green data center industry global market size, regional shares, competitors with a green data center market share, detailed green data center market segments, market trends and opportunities, and any further data you may need to thrive in the green data center industry. This green data center market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The growing energy consumption by data centers is expected to propel the growth of the green data center market.Due to the rising digitalization and regulation, data centers are growing up all over the world requiring increased electricity to operate. The increasing number of data centers is leading to an increase in energy consumption as more power is required to support various data center functions.As the energy consumption increases, it will increase the cost of operation and cause environmental harm. This will drive significant demand for green data centers that are environmentally friendly options with reduced cost of operations as they use renewable energy to operate. For instance, according to Facebook’s sustainability report 2020, Facebook data centers used about 6.966 million megawatt-hours of electricity in 2020 which increased by 39% over 2019. Therefore, the growing energy consumption by data centers will drive the growth of the green data center market. Cloud services are a key trend gaining popularity in the green data center market.Cloud services are a range of services delivered on-demand to businesses through the server over the internet, removing the need for internal infrastructure or hardware. Cloud services also support the existing infrastructure such as a cloud center or facility.Cloud services in green data centers offer the advantage of cloud experience by reducing complexity and maintaining ownership of the data while managing the workload with its functionality. Key players in the market are focusing on providing or implementing cloud services in their offerings to strengthen their market position.For instance, in June 2021, Hewlett Packard Enterprise (HPE), a US-based multinational information technology company introduced new HPE GreenLake cloud services to support critical applications in a variety of industries including 5G, financial services, electronic medical records, analytics, artificial intelligence (AI), and high-performance computing (HPC). These advancements will further strengthen HPE’s leadership in offering cloud services anywhere, in a customer’s data center, colocation facility, or at the edge. This cloud service transforms and modernizes workloads from data centers to a cloud operating model with optimization and security. In November 2020, Schneider Electric, France-based energy, and digital solution multinational company acquired a controlling stake in ETAP Automation for an undisclosed amount.This acquisition is expected to strengthen Schneider’s existing software portfolio for electric power systems. Schneider’s cloud-based technology platform will be integrated with ETAP’s technology to create the way for green data centers, resilient power grids, decarbonized transport, and energy generation. ETAP Automation Inc is a US-based company that offers electrical power system analysis software used in data centers. The countries covered in the green data center market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

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Midas Green Tech Frequently Asked Questions (FAQ)

  • Where is Midas Green Tech's headquarters?

    Midas Green Tech's headquarters is located at 8107 Springdale Road, Austin.

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