BIS Research, a provider of market intelligence on deep technologies, projected that the global carbon neutral data center market will grow at a CAGR of 22.19% between 2022 and 2027 in its latest study entitled Carbon Neutral Data Center Market – A Global and Regional Analysis.
In 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. And the factors that are responsible for its increase in demand includes: 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.
Data centers that are carbon neutral are outfitted with a variety of modern technology. These technologies include enterprise, colocation, hyperscale, and other data centers, as well as modular and mobile data facilities.
“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.” said Rakhi Tanwar, Principal Analyst in BIS Research
Hyperscale data centers are anticipated to rule the global market for carbon-neutral data centers. This is due to the commitment made by the majority of the top hyperscale and cloud service providers to become carbon neutral.
