Growing Energy Efficient Alternatives for Data Center Cooling to Boost Market Size of Carbon Neutral Data Center Market

Data Centers process megabytes of data every month which needed a lot of energy to power them. The more energy consumed; the more carbon gets released into the environment. Carbon neutrality is when an organization efficiently uses energy and balance out carbon emissions through carbon removal. Data centers have become the transactional foundation of the global economy. Hence, data center operators are focusing on sustainability, energy efficiency, clean energy, reliability, and security, and use tools, technologies, and systems to ensure we deliver.

The focus and span of control of the Pact is on achieving sustainable data center facilities. Factors such as various government policies and environmental regulations especially which are aligned to reducing carbon emissions, coupled with growing energy-efficient alternatives for data center cooling and rising electricity tariffs globally are accentuating the demand for carbon-neutral data centers.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO). Government across nations implemented lockdown and ban on traveling, the shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain. Additionally, the lockdown has also resulted in restricting the imports and exports of various raw materials, equipment, and devices, which are crucial for the operation of the data centers, thereby bringing many ongoing projects to a standstill position. Thus, negatively impacting the overall market growth.

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According to UnivDatos Market Insights (UMI)' research report "global carbon neutral data center", market is expected to grow at a CAGR of around 22% during the forecast period (2021-2027). The carbon neutral data centers are beneficial for reducing an organization's carbon footprints. The market growth attributes to the ongoing digital transformation in various businesses that have aided the amount of data produced. Besides, the surging imposition of numerous policies & environmental regulations laid by the government to reduce carbon emissions like the International Climate Agreement has further boosted the Global Carbon Neutral Data Center Market growth.

Moreover, carbon-neutral data centers exhibit features and capabilities similar to traditional data centers, but consume less space and energy, and are environment friendly. Further, it helps process an organization's functions at a faster rate and uses less amount of energy & space. Therefore, Carbon Neutral Data Centers are the preferred eco-friendly options.

Based on Type, the carbon-neutral data center market is segmented into hyper-scale centers, enterprise type, colocation data centers, and others. The hyperscale centers catered to significant demand in the carbon-neutral data center market. It is mainly owing to the strong growth in demand for data center services continues to be mostly offset by ongoing efficiency improvements for servers, storage devices, network switches, and data center infrastructure, as well as the high and growing share of services met by highly efficient hyperscale data centers.
Based on Solution, the carbon-neutral data center market is segmented into hardware (servers, cooling and power, storage, and networking), software and platform, and support services. The hardware segment holds a considerable market share in the carbon-neutral data center market. It is mainly due to the hardware equipment and devices being the most crucial parts in any data center required for its operation.

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Europe to witness the highest growth
Based on region, the report provides detail analysis for overall adoption of Carbon neutral data center in major region including North America (United States, Canada, Rest of North America, Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Rest of the World.
Europe caters substantial share in the carbon-neutral data center market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly due to the implementation of carbon-free energy government policies and digital strategy in the region that has positively influenced the market size of the carbon-neutral data center.

In August 2021, ST Telemedia Global Data centers collaborates with ABB for AI energy optimization pilot. The objective of the pilot is to leverage AI and Machine Learning (ML) technology and advanced analytics to optimize energy use within a data center and reduce a facility's overall carbon footprint.

According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the global Carbon neutral data center market are ABB Group, 3M Company, Alphabet Inc., Cisco System, Hewlett Packard Enterprise, Eaton Corporation plc, Fujitsu Ltd., IBM Corporation, Microsoft Corporation, Dell Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

"Global Carbon Neutral Data Center Market" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:
1. By Type (Hyper-Scale Centers, Enterprise Type, Colocation Data Centers, and Others)
2. By Solution (Hardware (Servers, Cooling and Power, Storage, And Networking), Software and Platform, And Support Services)
3. By End-User Industry (IT And Telecom, BFSI, Government and Public Sector, Healthcare, Manufacturing, Retail, And Others)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), ROW.
5. By Company (ABB Group, 3M Company, Alphabet Inc., Cisco System, Hewlett Packard Enterprise, Eaton Corporation plc, Fujitsu Ltd., IBM Corporation, Microsoft Corporation, Dell Inc).

Key questions answered in the study:
1. What are the current and future trends of the global Carbon neutral data center industry?
2. How the industry has been evolving in terms of type, solution, and end-user industry?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Carbon neutral data center industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Carbon neutral data center suppliers across various regions and countries?

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UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.

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