Product ID: SQMIG45I2103
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 2024-2031
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 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).
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.
Global Carbon Neutral Data Centre Market Report Snapshots
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