The study projects the market to grow at a CAGR of 22.19% between 2022 and 2027
FREMONT, Calif., Aug. 18, 2022 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Carbon Neutral Data Center Market – A Global and Regional Analysis.
According to this study, the global carbon neutral data center market size (in revenue) was $5.02 billion in 2021 and is projected to reach $16.53 billion by 2027.
The following factors are responsible for the increase in demand for carbon neutral data center:
Government regulations on carbon emissions and rising emphasis on renewable energy
Growing energy-efficient alternatives for data center cooling
Sustainable development efforts and CSR activities
Rising electricity tariffs globally
The detailed study is a compilation of 157 market data tables and 34 figures spread through 248 pages.
Check out the detailed table of content here à https://bisresearch.com/requestsample?id=1347&type=toc
Existing Competitive Landscape
The companies that are profiled have been selected based on primary research inputs gathered from a network of industry experts and analyzing company coverage, product portfolio, and market penetration.
Cisco Systems, Inc.
Digital Realty Trust
Eaton Corporation plc
Hewlett Packard Enterprise Development LP
ANS Group Limited
Analyst's Take on the Market
According to Rakhi Tanwar, Principal Analyst, BIS Research, "Carbon neutral data center is expected to be a great replacement of the conventional power sources and techniques used for operating data centers. Through the adoption of renewable sources of energy, the global climate neutral goals can be achieved, and carbon emissions can be mitigated along with an increase in storage capacity."
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Recent Developments in the Global Carbon Neutral Data Center Market
In May 2022, Alibaba Cloud, the foundation of Alibaba Group's digital technology and innovation efforts, announced the opening of its third sustainable data center in Germany to meet the growing demand for digital transformation from clients across Europe.
In May 2022, nZero, a carbon management platform, and Corscale, the Patrinely Group's data center platform, partnered to provide customers with a sustainability solution that enables 24x7 carbon accounting and emission tracking.
In March 2022, Normative, a Swedish startup sponsored by Google, released a free version of its carbon emissions tracker as businesses around the world struggled to figure out ways of managing their carbon impacts.
In March 2022, Amazon Web Services (AWS) allowed customers to access a tool that measures the carbon footprint of cloud usage and compares it to the expected footprint of a data center located on-site.
Hyperscale Data Centers to Witness the Maximum Growth during the Forecast Period 2022-2027
Carbon neutral data centers come equipped with various types of technologies and advancements. These technologies comprise hyperscale centers, enterprise, colocation data centers, and others, which include modular and mobile data facilities.
The global carbon neutral data center market (by product and by data center type) is expected to be dominated by hyperscale data centers. This is because most of the leading hyperscale and cloud service providers have committed to going carbon neutral.
Why Should You Buy the Report?
Following are some key reasons to buy the report on the global carbon neutral data center market:
In-depth analysis of 100 data center providers
Region-based government programs and initiatives, along with a detailed scenario of six significant key associations and consortiums
Region and country-level market estimations based on application and product segments
Detailed analysis of 38 major investments in carbon neutral data center market
Extensive competitive benchmarking of the top 30 data center players
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
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