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Global Carbon Neutral Data Center Market to Reach $16.53 Billion by 2027DUBLIN, Aug. 31, 2022 /PRNewswire/ -- The "Carbon Neutral Data Center Market - A Global and Regional Analysis: Focus on Product, Application and Country Analysis - Analysis and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering.
Market Lifecycle Stage The carbon neutral data center market is still in a growing phase. The growth is attributed to the various environmental-friendly policies and government regulations. Increased research and development activities are underway to develop carbon neutral data center technologies and products, which are expected to increase due to the increased demand for data storage and digital transformation. Impact
Market Segmentation
The global carbon neutral data center market in the application segment is expected to be dominated by the IT and telecom industry. This is because the telecom industry is the largest consumer of daa centers. Data centers are a crucial part of the ICT industry, as data transmission and data delivery operations require better connectivity. by Data Center Type
The global carbon neutral data center market (by product, 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. These companies include Google LLC, Facebook, Microsoft, and Amazon AWS. by Carbon Neutral Solutions
The hardware segment dominates the global carbon neutral data center market based on solutions. This is because the data centers require specialized hardware that includes servers, racks, cooling systems, and others, and these devices are crucial for data center deployment and thus have the highest capital expenditure in a data center infrastructure. by Region
Europe generated the highest revenue of $3.09 billion in 2021, which is attributed to the R&D advancements and supporting government regulations in the region. Europe is an attractive region for the carbon neutral data center market because of the availability of a favorable climate for the use of renewable sources of energy. Market Dynamics Business Drivers
Business Challenges
Business Opportunities
Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the prominent names established in this market are:
Key Topics Covered: 1 Markets 2 Application 3 Products 4 Region 5 Markets - Competitive Benchmarking & Company Profiles 6 Research Methodology For more information about this report visit https://www.researchandmarkets.com/r/ghpbsl Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/global-carbon-neutral-data-center-market-to-reach-16-53-billion-by-2027--301615515.html SOURCE Research and Markets |