Press release
Carbon Neutral Data Center Market Regulations and Innovation: Driving Growth in the Carbon Neutral Data Center Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Carbon Neutral Data Center Market Size, Share & Trends Analysis Report By Data Center Type (Hyper-Scale Data Centers,
Enterprise Data Centers, Colocation Data Centers), And Carbon Neural Solution (Hardware, Software And Platforms And Support Services), Industry (IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Government or Public Sector, Healthcare, Manufacturing, Retail)- Market Outlook And Industry Analysis 2031"
Carbon-neutral data center market is estimated to reach over USD 35.89 billion by 2024-2031, exhibiting a CAGR of 21.67% during the forecast period.
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The global market expansion for carbon-neutral data centers is expected to be fueled by two main factors: rising government regulations and corporate social responsibility (CSR) initiatives.
The market for carbon-neutral data centers is still expanding, partly attributable to different government regulations and environmentally friendly policies that encourage sustainable practices.
The growing need for data storage and digital transformation is driving advanced research and development efforts to provide carbon-neutral data center technology and solutions. The data center business has excellent prospects as the industry transitions from non-renewable to renewable energy sources. This shift aligns with the increased global focus on managing data storage demands and reaching climate-neutral goals.
The change is more noticeable in regions like Europe and North America. This is because nations in these areas, with typically colder temperatures year-round, have the most significant market potential worldwide due to their ability to leverage natural cooling solutions.
List of Prominent Players in the Carbon Neutral Data Center Market:
• Intel Corporation
• Microsoft
• ANS Group Limited
• NEXTDC LTD.
• CYRUS ONE
• DEAC
• 3M
• ABB Group
• Alibaba Group
• Alphabet Inc.
• Amazon.com, Inc.
• Cisco System, Inc.
• Dell Inc.
• Digital Realty Trust
• Eaton Corporation plc
• Equinix, Inc.
• FUJITSU
• Hewlett Packard Enterprise Development LP
• IBM Corporation
Market Dynamics:
Drivers-
Growing demand for government regulations on carbon emissions and rising emphasis on renewable energy, etc., is a vital factor anticipated to propel the growth of the target market. Increasing demand for growing energy-efficient alternatives for data center cooling and rising carbon neutrality under sustainable development efforts and CSR activities is further expected to support the market growth. Additionally, the rising demand for electricity tariffs globally and other is a factor expected to augment the growth of the carbon-neutral data centre market.
Challenges:
The prime challenge is the requirement for more awareness and commercialization regarding the high dependence on non-renewable energy for running data centre operations. However, the higher cost of implementation and compatibility issues.
Even though other sectors have been adversely affected by the COVID-19 pandemic, data centre operators have seen demand for data storage double and redouble, driven by increasing digitalization and the pandemic. A recent update shows that are reshaping data centres more extensively and faster than ever.
Regional Trends:
Europe's carbon-neutral data center market is expected to generate the highest revenue. It is projected to grow at a high CAGR soon, attributed to the R&D advancements and supporting government regulations in the region. Europe is an attractive region for the carbon-neutral data centre market because of the availability of a favourable climate for the use of renewable sources of energy.
This is due to the adoption of new strategies by prominent players in the carbon-neutral data center market. Moreover, the presence of key market players and growing collaboration among major players for market penetration in the region provides the opportunity to grow the carbon-neutral data centre market.
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Recent Development:
• In March 2022, Normative, a Swedish start-up sponsored by Google, released a free version of its carbon emission tracker as businesses worldwide struggled to manage their carbon impacts.
• In March 2022, Amazon Web Services (AWS) allowed customers to access a tool that measures the carbon footprint of cloud usage and compares it to the expected footprint of a data centre located on-site.
• In May 2022, Alibaba Cloud, the foundation of Alibaba Group's digital technology and innovation efforts, announced the opening its third sustainable data centre in Germany to meet the growing demand for digital transformation from clients across Europe.
Segmentation of Carbon Neutral Data Center Market-
By Industry-
• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Government or Public Sector
• Healthcare
• Manufacturing
• Retail
• Others
By Data Center Type-
• Hyperscale Data Centers
• Enterprise Data Centers
• Colocation Data Centers
• Others
By Carbon Neutral Solution-
• Hardware
o Servers
o Cooling and Power
o Storage
o Networking
• Software and Platforms
• Support Services
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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