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Written by Isha » Updated on: July 07th, 2024
The global carbon neutral data center market size is expected to reach USD 17.12 Billion at a steady CAGR of 22.1% in 2028, according to latest analysis by Emergen Research. Implementation of environmental regulations and government policies such as ‘International Climate Agreement’ to reduce carbon emissions in data centers is driving global carbon neutral data center market revenue growth.
Several trade organizations and companies which are tied to cloud and data centers are undertaking partnerships and signing agreements to reduce carbon emissions from data centers in various countries. In Europe, over 40 organizations – in a self-regulatory move – have formed European-based Climate Neutral Data Center Pact to make data centers carbon neutral across the continent by 2030.
The Carbon Neutral Data Center Market study applies primary and secondary research methods to assess the annual and financial performance of the top vendors and insights from market leaders. The researcher also discusses the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Carbon Neutral Data Center market for the forecast period. The report will empower companies to understand the opportunities, adapt to their consumer demands, needs, and concentrate on their best end-users.
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Competitive Terrain:
The global Carbon Neutral Data Center industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
ABB Group, Amazon.com, Inc., 3M Company, Alphabet Inc., Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), Eaton Corporation plc, Fujitsu Ltd., IBM Corporation, and Microsoft Corporation
Some Key Highlights from the Report
In January 2021, over 40 companies signed new climate-neutral data centre pact to make Europe climate-neutral by 2030. The agreement establishes measurable targets including water conservation, purchasing of carbon-free energy, heat recycling, and reuse & repair of servers. Some of the signees to the agreement include Google, Aruba, AWS, NTT, Equinix, and Scaleway. The target was developed with a focus on making Europe climate-neutral by 2050.
Hyperscale data centre is owned and operated by the company it supports. This includes Microsoft, AWS, Apple, and Google. These data centres offer scalable, robust applications and storage portfolio to individuals or businesses. Hyperscale is necessary for cloud and big data storage. Hyperscale data center segment accounted for largest revenue share in 2020 as most of the large-scale companies have pledged carbon neutrality by 2030.
Telecom industries segment accounted for largest revenue share in 2020 as the industry is dependent on data centres because Internet services require constant storage and processing, which is a primary criterion for providing quality services. For instance, Deutsche Telekom, in the last few years, has turned into a model of climate conscientiousness after it announced its commitment to achieve climate protection goals in 2019. To reduce carbon emissions by 90% by 2030, the company has taken significant steps and the network is running on 100% renewable energy in Germany since 2020.
Additional information offered by the report:
Along with a complete overview of the global Carbon Neutral Data Center market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Carbon Neutral Data Center market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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Segments Covered in this report are:
Data Center Type Outlook (Revenue, USD Billion; 2018–2028)
Hyperscale Data Centers
Colocation Data Centers
Enterprise Data Centers
Others
Solution Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Cooling and Power
Servers
Storage and Networking
Software and Platform
Support Services
Industry Outlook (Revenue, USD Billion; 2018–2028)
BFSI
Retail
Healthcare
Government and Public Sector
IT and Telecom
Manufacturing
Others
Radical Highlights of the Carbon Neutral Data Center Market Report:
Comprehensive overview of the Carbon Neutral Data Center market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Carbon Neutral Data Center market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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