Global Carbon Neutral Data Center Market is expected to foresee significant growth. Europe to lead the growth!
- Himanshu Patni
- April 28, 2022
- NEWS, TELECOM & IT
- Carbon Neutral Data Center Market, Carbon Neutral Data Center Market growth, Carbon Neutral Data Center Market share, Carbon Neutral Data Center Market size, Carbon Neutral Data Center Market trends
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The 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.
For a detailed analysis of the Global Carbon Neutral Data Center Market browse through – https://univdatos.com/report/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.
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.
For a detailed analysis of the Covid-19 Impact on the industry browse through – https://univdatos.com/report/carbon-neutral-data-center-market/
Based on the 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.
Based on the end-user industry, the carbon-neutral data center market is classified into the IT and Telecom, BFSI, Government and Public Sector, healthcare, manufacturing, retail, and others. The IT and telecom segment holds an extensive market share in the carbon-neutral data center market. The telecom industry is dependent upon data centers as data transmission during internet services requires constant storage and processing, which is a primary criterion for quality services. Thus, to maintain quality, the industry must rely on data center facilities.
For a better understanding of the market adoption, the report provides detailed analysis for major regions and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), ROW. 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.
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Some of the major players operating in the 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&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Carbon Neutral Data Center Market Segmentation
Market Insight, by Type
• Hyperscale Centers
• Enterprise Type
• Colocation Data Centers
Market Insight, by Solution
o Cooling and Power
o Storage and Networking
• Software and Platform
• Support Service
Market Insight, by End-User Industry
• IT and Telecom
• Government and Public Sector
Market Insight, by Region
- North America Carbon Neutral Data Center Market
- United States
- Rest of North America
- Europe Carbon Neutral Data Center Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Carbon Neutral Data Center Market
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
• ABB Group
• 3M Company
• Alphabet Inc.
• Cisco System
• Hewlett Packard Enterprise
• Eaton Corporation plc
• Fujitsu Ltd.
• IBM Corporation
• Microsoft Corporation
• Dell Inc.