The carbon neutral data center global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Carbon Neutral Data Center Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The carbon neutral data center market size has grown exponentially in recent years. It will grow from <b>$7.44 billion in 2023 to $9.1 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. </b> 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 <b>$21.56 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. </b> 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.
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Scope Of Carbon Neutral Data Center Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Carbon Neutral Data Center Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Europe was the largest region in the carbon neutral data market in 2023. The regions covered in the carbon neutral data center market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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.
Table of Contents
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. Global Carbon Neutral Data Market Size and Growth
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31. Global Carbon Neutral Data Market Competitive Benchmarking
32. Global Carbon Neutral Data Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Carbon Neutral Data Market
34. Carbon Neutral Data Market Future Outlook and Potential Analysis
35. Appendix
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