On-Site Photovoltaic Solar Power for Data Centers Market Regional Analysis:
North American Market Insights
By 2035, North America region is projected to hold more than 37% on-site photovoltaic solar power for data centers market share. The US government's impending expiration of the solar ITC (Investment Tax Credit) for business installation is a major factor driving the expansion of the market for on-site photovoltaic solar power for data centers. Furthermore, data centers that use solar electricity can drastically lower their energy expenses. Data centers can lessen their dependency on the often-expensive traditional grid power by producing their own electricity on site. Additionally, data centers are putting a greater emphasis on sustainability and lowering their carbon footprint. Data centers can show that they are environmentally conscious by implementing on-site photovoltaic solar electricity.
European Market Insights
By 2035, European region in on-site photovoltaic solar power for data centers market is set to account for around 27% revenue share. In Europe, the governments of Benelux, Germany, France, and Spain are primarily responsible for the demand for on-site photovoltaic solar electricity for data centers. High targets for renewable energy have been established by many European countries in response to climate change. In order to contribute to these goals, data centers are increasingly using on-site photovoltaic solar power.
Furthermore, sustainability and environmental responsibility are widely prized across Europe. Furthermore, the Green Mountain Data Centre in Norway is powered entirely by sustainable energy, including solar electricity. Furthermore, governments in Europe provide support and incentives for solar energy and other renewable energy projects. For instance, data centers in the Netherlands that produce their own solar energy may profit monetarily and be eligible for tax breaks. This encourages data centers to invest in solar power systems on their premises.
