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Regulation and innovation in the carbon neutral data centre market:

Carbon Neutral Data Center Market to Reach Over $35.89 Billion by 2031 – InsightAce Analytic Exclusive Report
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on “Global Carbon Neutral Data Center Market, Size, Share and Trend Analysis by Data Center Type (Large-Scale Data Centers,

Enterprise Data Centers, Colocation Data Centers) and Carbon Neural Solution (Hardware, Software & Platforms and Support Services), Industry (IT & Telecom, Banking, Financial Services & Insurance (BFSI), Government or Public Sector, Healthcare, Manufacturing, Retail) – Market Outlook and Industry Analysis 2031

The carbon neutral data center market is estimated to exceed USD 35.89 billion by 2024–2031, with an estimated annual growth rate of 21.67% over the forecast period.
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The global expansion of the carbon-neutral data center market is expected to be driven by two main factors: increasing government regulations and corporate social responsibility (CSR) initiatives.

The carbon-neutral data center market continues to grow, driven in part by various government regulations and environmentally friendly policies that promote sustainable practices.

The growing demand for data storage and digital transformation is driving advanced R&D efforts to deliver carbon-neutral data center technology and solutions. The data center business has excellent prospects as the industry transitions from non-renewable to renewable energy sources. This shift is in line with the increased global focus on managing data storage demand and achieving climate-neutral goals.

The change is more noticeable in regions like Europe and North America. That’s because nations in these areas, with typically cooler temperatures year-round, have the greatest market potential worldwide due to their ability to leverage natural cooling solutions.

List of top players in the carbon neutral data center market:
• Intellectual corporation
• Microsoft
• ANS Group Limited
• NEXTDC SP. Z OO
• CYRUS ONE
• INFLUENCE
• 3M
• ABB Group
• Alibaba Group
• Alphabet Inc.
• Amazon.com, Inc.
• Cisco Systems, Inc.
• Dell Inc.
• Trust in Digital Real Estate
• Eaton Corporation plc
• Equinix, Inc.
• FUJITSU
• Hewlett Packard Enterprise Development LP
• IBM Corporation

Market dynamics:
Drivers-
The increasing demand for government regulations on carbon emissions and increasing emphasis on renewable energy etc. are the key factors that are expected to drive the growth of the target market. The increasing demand for increasingly energy-efficient alternatives for data center cooling and increasing carbon neutrality as part of sustainability and CSR efforts are expected to further support the market growth. Moreover, the increasing demand for electricity tariffs across the globe and other factors are expected to boost the growth of the carbon neutral data center market.

Challenges:
The main challenge is the need for greater awareness and commercialization regarding the high dependence on non-renewable energy to run data center operations. However, higher implementation cost and compliance issues.

Even as other sectors have been negatively affected by the COVID-19 pandemic, data center operators have seen a doubling in demand for data storage, fueled by increasing digitization and the pandemic. The latest update shows that they are transforming data centers more extensively and faster than ever.

Regional trends:
The carbon neutral data center market in Europe is expected to generate the highest revenue. It is expected to grow at a high CAGR in the near future, which is attributed to the advancement in R&D and supportive government regulations in the region. Europe is an attractive region for the carbon neutral data center market due to the availability of a favorable climate for the use of renewable energy sources.

This is due to the adoption of new strategies by prominent players in the carbon neutral data center market. Moreover, the presence of key market players and increasing cooperation among major players in terms of market penetration in the region create an opportunity for the growth of the carbon neutral data center market.

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Latest events:
• In March 2022, Normative, a Swedish startup sponsored by Google, released a free version of its carbon tracking tool as businesses around the world grappled with managing their environmental impact.

• In March 2022, Amazon Web Services (AWS) launched a tool for customers that measures the carbon footprint of their cloud usage and compares it to the projected carbon footprint of an on-premises data center.

• In May 2022, Alibaba Cloud, the foundation of Alibaba Group’s digital technology and innovation business, announced the opening of its third sustainable data center in Germany to meet the growing demand for digital transformation from customers across Europe.

Carbon Neutral Data Center Market Segmentation
By industry-
• IT and Telecommunications
• Banking, Financial Services and Insurance (BFSI)
• Government or public sector
• Healthcare
• Production
• Retail sales
• Others
By data center type-
• Large-scale data centers
• Enterprise Data Centers
• Colocation Data Centers
• Others
Thanks to the Carbon Neutral Solution-
• Equipment
About Servers
About Cooling and Power
About Storage
about Networking
• Software and platforms
• Support Services
By region-
North America-
• United States
• Canada
• Mexico
Europe-
• Germany
• Great Britain
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East and Africa-
• Gulf Cooperation Council Countries
• South Africa
• Rest of Middle East and Africa

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