Carbon Neutral Data Centre Market Size, Share, Growth Analysis, By Type(Hyperscale Centres, Enterprise Type, Colocation Data Centres, Others), By Solution(Hardware (Servers, Cooling & Power, Storage and Networking), Software and Platform), By Industry(IT and Telecom, BFSI, Government and Public Sector, Healthcare), By Region - Industry Forecast 2024-2031

Carbon Neutral Data Centre Market Drivers

Huge leap towards clean energy

• Net zero implies significant reductions in the consumption of oil, gas, and coal. This necessitates measures such as ending new internal combustion engine passenger vehicle sales by 2035 and phasing out all unabated coal and oil power facilities by 2040. The great majority of automobiles on the road will be powered by electricity or fuel cells, airlines will rely heavily on sophisticated biofuels and synthetic fuels, and hundreds of industrial units throughout the world will use carbon capture or hydrogen.

• Technologies for renewable energy such as solar and wind are critical to lowering emissions in the power sector, which is now the single greatest source of CO2 emissions. By 2050, renewable energy should account for about 90% of worldwide power output, with solar PV and wind accounting for nearly 70%.

• As power generation gets cleaner, electrification of historically fossil-fuel-dominated sectors appears as a critical economy-wide technique for decreasing emissions.

Carbon Neutral Data Centre Market Restraints

Optimization in energy consumption

• Data centre operators are aiming to reduce energy use in order to improve sustainability and reduce expenses. One approach is to specialize in energy-efficient industrial chiller equipment that provides competitive energy performance as well as proven dependability. Providers of smart building technology are delivering modern chiller equipment that employs low-GWP coolant and is optimized to cut average yearly power usage by 35%. To push the limit even further, data centre providers should pursue free-cooling chiller solutions that integrate direct evaporative technologies for even greater energy efficiency.

• Wherever possible, renewable power sources should be sought for powering data centres. Singapore, for example, has declared intentions to triple its solar deployment by 2025, with the goal of installing at least 2-gigawatt peak (GWp) of solar by 2030, equivalent to around 3% of the country's total anticipated energy consumption.