Global Carbon Neutral Data Center Market

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

Report ID: SQMIG45I2103 | Region: Global | Published Date: February, 2024
Pages: 242 |Tables: 97 |Figures: 68

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Carbon Neutral Data Centre Market size was valued at USD 5.02 billion in 2019 and is poised to grow from USD 6.13 billion in 2023 to USD 30.48 billion by 2031, growing at a CAGR of 22.19% in the forecast period (2024-2031).

The worldwide carbon neutral data centre industry is fragmented, with several small and medium-sized businesses accounting for the lion's share of revenue. Established firms are involved in a variety of R&D efforts and projects to build and apply new and more cost-effective solutions and technologies in the carbon neutral data centre industry. 'Dell Inc.', 'Digital Realty Trust', 'Eaton Corporation plc', 'Equinix, Inc.', '3M', 'ABB Group', 'Alibaba Group', 'Alphabet Inc.', 'Amazon.com, Inc.', 'Cisco Systems, Inc.', 'FUJITSU', 'Hewlett Packard Enterprise Development LP'

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.

Various trade groups and firms associated with cloud computing and data centres are forming alliances and negotiating agreements to minimize carbon emissions from data centres in various nations. In Europe, around 40 organizations have joined the European-based Climatic Neutral Data Centre Pact in an effort to achieve data centres carbon-free across the territory by 2030.

Europe accounted for the largest overall revenue in 2021 due to fast cloud use, acquisition of sources of renewable energy datacentre implementation of heating systems, and the region's aim to be carbon neutral by 2050. According to the Climate Neutral Data Centre Pact, renewable energy will supply 75% of data centre electricity by 2025, with the objective of reaching 100% by December 2030.

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