Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "Carbon Neutral Data Center Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
In an era where sustainability is of paramount importance, businesses and organizations are turning to innovative, eco-friendly solutions to manage their data infrastructure. The carbon-neutral data center market is at the forefront of this sustainable revolution, reshaping data centers across multiple sectors including IT, banking, healthcare, manufacturing, and retail. Powered by 100% renewable energy, these data centers not only reduce carbon emissions but also set new standards for energy and water efficiency.
Migrating your data infrastructure to a carbon-neutral data center is a strategic investment in long-term sustainability and operational efficiency. This market research report provides exclusive access to the latest industry trends, technological advancements, and competitor analysis. By investing in this report, you position your organization as a leader in promoting a better, sustainable future, armed with a comprehensive understanding of best practices and insights into the carbon-neutral data center market.
The Carbon-Neutral Data Center: Pioneering Sustainability
A carbon-neutral data center is a data center that exceeds energy efficiency, emission, water efficiency, and clean energy standards. Fueled by 100% renewable energy sources, these data centers are at the forefront of efforts to reduce carbon emissions associated with data processing.
Key Market Segments:
- Data Center Types: The main types include hyperscale data centers, enterprise data centers, colocation data centers, and others. Hyperscale data centers support large-scale data and cloud computing requirements, offering the infrastructure needed to handle vast data and cloud processing demands.
- Solutions: These comprise hardware, software and platform, and support services, catering to industries such as IT and telecom, banking, financial services, government, healthcare, manufacturing, retail, and more.
Market Performance and Projections:
The global carbon-neutral data center market is on a growth trajectory. It's set to expand from $6.08 billion in 2022 to $7.51 billion in 2023, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 23.53%. Despite global disruptions, this market is expected to reach $17.02 billion by 2027, boasting a CAGR of 22.71%.
Drivers and Challenges:
Drivers:
- Renewable Energy: The rising emphasis on renewable energy is significantly contributing to market growth. The use of renewable energy reduces pollutants and greenhouse gas emissions, making it an essential element in carbon-neutral data centers' efforts to create net-zero carbon emissions.
- Product Innovations: Major companies are introducing innovative products to curb carbon emissions and increase data center efficiency. For example, Amazon Web Services Inc. launched a customer carbon footprint tool, enabling users to calculate the environmental impact of their AWS workloads.
- Acquisitions and Partnerships: The market is witnessing strategic acquisitions and partnerships, such as KKR and Global Infrastructure Partners acquiring CyrusOne, adding its data center business to KKR's portfolio.
Challenges:
- Global Economic Uncertainties: Events like the Russia-Ukraine war have disrupted the global economic recovery from the COVID-19 pandemic in the short term, affecting multiple markets worldwide.
- Inflation Impact: High global inflation is impacting market growth, adding complexities to the business landscape.
Global and Regional Perspectives:
Europe dominated the carbon-neutral data market in 2022, but the market's growth extends across regions, including Asia-Pacific, Western and Eastern Europe, North and South America, the Middle East, and Africa.
The Sustainable Future is Now
Embrace sustainability and operational excellence with a strategic investment in a carbon-neutral data center. Lead the way in your industry, supported by high-quality data, trend analysis, and key market insights.
Competitive Portfolio:
- 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
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $7.51 billion |
| Forecasted Market Value (USD) by 2027 | $17.02 billion |
| Compound Annual Growth Rate | 22.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/7r853m
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
