Global Carbon Neutral Data Center Market

Global Carbon Neutral Data Centre Market Size, Share, Growth Analysis, By Type(Hyperscale Centres, Enterprise Type), By Solution(Hardware (Servers, Cooling & Power), By Industry(IT and Telecom, BFSI) - Industry Forecast 2023-2030


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

Global Carbon Neutral Data Centre Market Insights

Carbon Neutral Data Centre Market size was valued at USD 5.02 billion in 2021 and is poised to grow from USD 6.13 billion in 2022 to USD 30.48 billion by 2030, growing at a CAGR of 22.19% in the forecast period (2023-2030).

Carbon-neutral data centre market revenue growth is being fuelled by the adoption of environmental legislation and government initiatives such as the 'International Climate Agreement' to limit carbon emissions in data centres. Owing to the data-intensive nature of the solution, the emergence of digital transformation and industry 4.0 has increased the amounts of data created in recent years, which is supporting revenue growth in the worldwide carbon-neutral data centre market. The direct impact of data centres on the environment is determined by the amount of electricity required to run them and the amount of carbon dioxide emitted. When it comes to climate effect, not only do people consume power, but the sort of electricity they consume is as crucial. Several data centres are reducing their carbon footprint by expanding their use of renewables.

Data centres play a crucial part in maintaining the digital infrastructure running, as evidenced by the COVID-19 epidemic. However, as knowledge grows, so does criticism of the sector's environmental friendliness, particularly its power usage practices. Companies are implementing a variety of activities to ensure carbon-neutral data centres, including promoting the use of 100% carbon-free power sources to power their centres and the reuse of garbage created by their operations.

US Carbon Neutral Data Centre Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 5.02 billion

Largest Segment

Hyperscale Centres

Fastest Growth

Hyperscale Centres

Growth Rate

22.19% CAGR

Global Carbon Neutral Data Centre Market ($ Bn)
Country Share for Europe Region (%)
Global Carbon Neutral Data Centre Market By Type ($ Bn)
Global Carbon Neutral Data Centre Market By Type (%)

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Global Carbon Neutral Data Centre Market Segmental Analysis

The global carbon neutral data centre market is segmented based on the type, solution, industry, and region. Based on the type, the market is segmented as hyperscale centres, enterprise type, colocation data centres, and others. Based on the solution, the market is segmented as hardware (servers, cooling & power, storage and networking), software and platform, and support service. Based on the solution, the market is segmented as it and telecom, BFSI, government and public sector, healthcare, manufacturing, retail, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Carbon Neutral Data Centre Market Analysis by Type

The hyperscale data centre segment dominated the market in 2021 and is expected to rise steadily throughout the forecast period. The firm that uses the hyperscale data centre owns and operates it. AWS, Microsoft, Google, and Apple are among the companies. Individuals and corporations can benefit from these data centres' scalable, robust applications and storage portfolios. Cloud and massive data storage require hyperscale. As most large-scale enterprises have declared carbon neutrality by 2030, the hyperscale data centre category will account for the greatest revenue share in 2022.

Carbon Neutral Data Centre Market Analysis by Industry

Owing to rising internet penetration and internet connections requiring continual archiving and processing, which is a major criterion for delivering quality services, the telecom industries section accounted for the largest revenue share in 2022. For example, Deutsche Telekom has been a model of environmental stewardship in recent years after announcing its intention to meet climate protection targets by 2020. The corporation has taken substantial measures to cut carbon emissions by 90% by 2030, and the network in Germany has been functioning on 100% sustainable power since 2020.

Global Carbon Neutral Data Centre Market By Type, 2021 (%)

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Global Carbon Neutral Data Centre Market Regional Insights

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.

Asia Pacific is expected to witness the fastest growth rate throughout the forecast period, owing to increased environmental consciousness and government commitments to decrease carbon emissions. China has committed to reducing carbon emissions by 65% by 2030 compared to 2005 levels. The country has accelerated its decarbonization and creation of a low-carbon economy.

Global Carbon Neutral Data Centre Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Carbon Neutral Data Centre Market Dynamics

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.

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Global Carbon Neutral Data Centre Market Competitive Landscape

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.

Carbon Neutral Data Centre Market Top Player's Company Profiles

  • Equinix, Inc.
  • 3M
  • ABB Group
  • Alibaba Group
  • Alphabet Inc.
  • Amazon.com, Inc.
  • Cisco Systems, Inc.
  • FUJITSU
  • Hewlett Packard Enterprise Development LP

Carbon Neutral Data Centre Market Recent Developments

  • In June 2022, the rating agency ICRA stated that it anticipates the capacity of the Indian data centre market to grow fivefold over the next five years.
  • In August 2021, Bharati Airtel has launched a 14 MW captive solar power plant in Uttar Pradesh to address the energy needs of the state's core and edge data centres.
  • In October 2021, Accenture Plc, Microsoft Corp., and Goldman Sachs Group Inc. collaborated with climate groups and NGOs such as the Linux Foundation to create and share methods for creating software that emits less carbon dioxide when operated in data centres. The Green Software Foundation, created by Microsoft-owned GitHub and ThoughtWorks, intends to provide tools to assess the environmental effect of software and to teach engineers in the development of energy-efficient applications.

Global Carbon Neutral Data Centre Key Market Trends

  • 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.
  • Carbon-neutral data centres have similar features and capabilities to traditional data centres, but they require less space and energy and are more environmentally friendly, which are reasons driving demand for this industry. Environment lobbyists are concentrating on ensuring that power given to data centres does not harm the environment, and this trend is projected to continue.
  • The World Health Organization proclaimed the coronavirus epidemic a public health worldwide emergency (WHO). Governments throughout the world enforced lockdowns and travel bans, as well as the suspension of industrial industries and commercial activity, which significantly affected the supply chain. Furthermore, the lockdown has resulted in restrictions on the exports and imports of various raw materials, machinery, and gadgets that are critical for the functioning of data centres, putting many current projects to a halt. As a result, overall market growth suffers.

Global Carbon Neutral Data Centre Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.

According to our global carbon neutral data centre market analysis, the global carbon neutral data centre market is relatively new and not many companies are adopting it owing to the current set-up of traditional power sources. However, the industry is projected to witness a huge paradigm shift in the coming future owing to stringent government regulations. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.

Report Metric Details
Market size value in 2021 USD 5.02 billion
Market size value in 2030 USD 30.48 billion
Growth Rate 22.19%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Hyperscale Centres, Enterprise Type, Colocation Data Centres, Others
  • Solution
    • Hardware (Servers, Cooling & Power, Storage and Networking), Software and Platform, Support Service
  • Industry
    • IT and Telecom, BFSI, Government and Public Sector, Healthcare, Manufacturing, Retail, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Equinix, Inc.
  • 3M
  • ABB Group
  • Alibaba Group
  • Alphabet Inc.
  • Amazon.com, Inc.
  • Cisco Systems, Inc.
  • FUJITSU
  • Hewlett Packard Enterprise Development LP
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Carbon Neutral Data Centre Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Carbon Neutral Data Centre Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Carbon Neutral Data Centre Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Carbon Neutral Data Centre Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Carbon Neutral Data Centre Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Carbon Neutral Data Centre Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Carbon Neutral Data Centre Market size was valued at USD 5.02 billion in 2021 and is poised to grow from USD 6.13 billion in 2022 to USD 30.48 billion by 2030, growing at a CAGR of 22.19% in the forecast period (2023-2030).

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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