The global data center cooling market is expected to reach USD 17.78
billion by 2024, according to a new study by Grand View Research, Inc. The rise
in the number of data centers on account of the surge in demand for cooling
solutions across the IT & telecom, retail, BFSI, healthcare, and energy
sectors is the key factor expected to catapult the data center cooling market.
Big data and cloud computing proliferation are also projected to impact the
industry demand positively over the forecast period.
The emergence of new data centers has
played a pivotal role in driving the demand for cooling solutions. Further, the
need for efficient solutions is of paramount importance to ensure proper server
functioning and to eliminate system downtime. High data volume combined with
the rise in the number of enterprises moving towards cloud computing is also
expected to impel market growth over the forecast period. Technological
advancements and the development of energy-efficient systems are rising as
traditional cooling systems incur high operational costs owing to the increased
power consumption.
Full research report on data center cooling market
analysis: http://www.grandviewresearch.com/industry-analysis/data-center-cooling-market
Further key findings from the study suggest:
·
In 2015, precision air conditioners
accounted for over 20% of the overall data center cooling market. These
products offer benefits including continuous operation, precise humidity
control and better air distribution while automatically controlling
individual AC loads for efficient cooling.
·
The continuous operation of chillers is
vital to the functioning of data centers due to the extensive heat produced by
many servers functioning close to one another. The segment captured over 10% of
the market in 2015; however, chillers consume more energy than other products
and are expected to witness a moderate growth over the forecast period.
·
The telecom segment accounted for over 20%
of the overall revenue share. The telecom providers are expected to invest
heavily over the next eight years due to a rise in the number of Internet
subscribers and the growing need for wireless communication. The telecom growth
is primarily data-driven, which subsequently will instigate the demand for the
data center infrastructure development.
·
The rise in the data center densities is a
primary factor expected to drive the need for efficient cooling technologies.
The North American market captured over 35% of the overall revenue in 2015; however,
over the forecast period, the region is anticipated to witness a moderate
growth in comparison to the other regions. Asia Pacific led by Southeast Asian
countries is projected to witness a robust growth on account of the growing
data center infrastructure.
·
The industry is consolidated in nature with
the presence of few big players including Asetek, KyotoCooling, Climaveneta
(Mitsubishi Electric), Air Enterprises, Rittal GmbH & Co. KG, and Schneider
Electric. The cooling solution providers primarily focus on a strategic
alliance with local cooling product providers as a part of their marketing
strategy.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has segmented the global data center cooling market
on the basis of product, application, and region:
Data Center Cooling Product Outlook
(Revenue, USD Million, 2013 - 2024)
·
Air conditioners
·
Precision air conditioners
·
Chillers
·
Air handling units
Data Center Cooling Application Outlook
(Revenue, USD Million, 2013 - 2024)
·
Telecom & IT
·
Retail
·
Healthcare
·
BFSI
·
Energy
·
Others
Data Center Cooling Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
o
Nordic Countries
·
Asia Pacific
o
China
o
India
o
Japan
o
Southeast Asia
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-data-center-cooling-market
https://www.grandviewresearch.com/press-release/global-data-center-cooling-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
