Overview and Scope
A carbon-neutral data center is a data center that meets energy efficiency, emission, water efficiency, and clean energy standards. The carbon-neutral data center is powered by 100% renewable energy and is used to reduce carbon emissions from data centers.
Sizing and Forecast
The carbon neutral data center market size has grown exponentially in recent years. It will grow from $7.44 billion in 2023 to $9.1 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. The growth in the historic period can be attributed to corporate sustainability initiatives, energy-efficient hardware adoption, shift in consumer preferences, government support and incentives..
The carbon neutral data center market size is expected to see exponential growth in the next few years. It will grow to $21.56 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to advancements in energy storage, market demand for carbon-neutral services, lifecycle assessments and circular economy practices, investment in energy-efficient hardware, government initiatives and incentives.. Major trends in the forecast period include renewable energy adoption, energy-efficient infrastructure, carbon offsetting programs, green building standards, efficient cooling solutions..
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Segmentation & Regional Insights
The carbon neutral data center market covered in this report is segmented –
1) By Data Center Type: Hyperscale Data Centers, Enterprise Data Centers, Colocation Data Centers, Other Data Center Types
2) By Solution: Hardware, Software and Platform, Support Service
3) By Industry: IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Government or Public Sector, Healthcare, Manufacturing, Retail, Other Industries
Europe was the largest region in the carbon neutral data market in 2023. The regions covered in the carbon neutral data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising emphasis on renewable energy is significantly contributing to the growth of carbon neutral data center market. Renewable energy is derived from natural sources. The use of renewable energy is increasing because it reduces pollutants and greenhouse gas emissions. The carbon-neutral data centers focus on creating net zero carbon emission, which requires the use of renewable energy sources. For instance, in December 2021, according to a report by the International Energy Agency, a France-based autonomous intergovernmental organization, renewables are set to account for almost 95% of the increase in global power capacity through 2026.. Thus, the rising emphasis on renewable energy will propel the carbon-neutral data center market.
Key Industry Players
Major companies operating in the carbon neutral data center market report are 3M Company, ABB Ltd., Alibaba Group Holding Limited, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Digital Realty Trust Inc., Eaton Corporation plc, Equinix Inc., Fujitsu Ltd, Hewlett Packard Enterprise, The International Business Machines Corporation, Intel Corporation, Microsoft Corporation, Ark Data Centres Limited, Cologix Holdings Inc., CyrusOne Inc., DataBank Holdings Ltd., Digital Fortress Inc., Lunavi Inc., Iron Mountain.Inc, NTT Communications Corporation, QTS Realty Trust, ServerFarm, SingleHopLLC, Sungard Availability Services LP, Switch Inc., Telehouse America Inc., Carbon60 Networks Inc.
The carbon neutral data center market report table of contents includes:
1. Executive Summary
2. Carbon Neutral Data Market Characteristics
3. Carbon Neutral Data Market Trends And Strategies
4. Carbon Neutral Data Market – Macro Economic Scenario
5. Global Carbon Neutral Data Market Size and Growth
…
31. Global Carbon Neutral Data Market Competitive Benchmarking
32. Global Carbon Neutral Data Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Carbon Neutral Data Market
34.Carbon Neutral Data Market Future Outlook and Potential Analysis
35.Appendix
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