The Carbon Neutral Data Center Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Carbon Neutral Data Center Global Market Report 2024, 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.
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.
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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
Product innovations are the key trend in the carbon neutral data center market. Major companies operating in carbon-neutral data centers are indulging in introducing innovative products to curb carbon emissions and increase the efficiency of data center operations. For instance, in March 2022, Amazon Web Services Inc. (AWS), a US-based provider of on-demand cloud computing platforms, launched a customer carbon footprint tool. This new technology platform enables users to calculate the environmental impact of their AWS workloads. This new tool uses data visualizations to estimate the expected carbon emissions customers have avoided by utilizing AWS rather than an on-premises data center, provides customers with their historical carbon emissions, and analyses emission patterns as their use of AWS changes.
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
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26. South America Carbon Neutral Data Market
27. Brazil Carbon Neutral Data Market
28. Middle East Carbon Neutral Data Market
29. Africa Carbon Neutral Data Market
30. Carbon Neutral Data Market Competitive Landscape And Company Profiles
Top Major Players:
- Solvay S.A
- DowAksa Advanced Composites Holding B.V
- Formosa Plastics Corporation
- Hexcel Corporation
- Mitsubishi Rayon Co. Ltd
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