The global Carbon Neutral Data Center Market is expected to grow at a CAGR of around 22% during the forecast period (2021-2027).
A comprehensive overview of the global carbon neutral data center market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the carbon neutral data center market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global carbon neutral data center market at regional and country levels. The global Carbon Neutral Data Center Market is expected to grow at a CAGR of around 22% during the forecast period (2021-2027).
Market Overview
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.
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COVID-19 Impact
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.
Global Carbon neutral data center market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into:
· Hyperscale Centers
· Enterprise Type
· Colocation Data Centers
· Others
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.
By Solution, the market is primarily classified into:
· Hardware
o Servers
o Cooling and Power
o Storage and Networking
· Software and Platform
· Support Service
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.
Global Carbon neutral data center Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of the World
Based on the estimation, 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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The major players targeting the market includes:
· ABB Group
· 3M Company
· Alphabet Inc.
· Cisco System
· Hewlett Packard Enterprise
· Eaton Corporation plc
· Fujitsu Ltd.
· IBM Corporation
· Microsoft Corporation
· Dell Inc.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global carbon-neutral data center market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global carbon neutral data center market?
· Which factors are influencing the global carbon neutral data center market over the forecast period?
· What are the global challenges, threats, and risks in the global carbon neutral data center market?
· Which factors are propelling and restraining the global carbon neutral data center market?
· What are the demanding global regions of the global carbon neutral data center market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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