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Carbon Neutral Data Center Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033
Carbon Neutral Data Center Market
As per the report, 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 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%.
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Renewable Energy Focus Drives Growth Of Carbon-Neutral Data Center Market
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.
Product Innovations Drive Advancements In Carbon-Neutral Data Center Market
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 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
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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.
Contents of the report:
1. Executive Summary
2. Carbon Neutral Data Center Market Report Structure
3. Carbon Neutral Data Center Market Trends And Strategies
4. Carbon Neutral Data Center Market - Macro Economic Scenario
5. Carbon Neutral Data Center Market Size And Growth
…..
27. Carbon Neutral Data Center Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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