The Data Center Cooling market size is estimated to reach US$ 27.53 billion by the end of 2027, registering a CAGR of 13.8% from 2020 to 2027. The report provides the overall revenue of the global Data Center Cooling market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.
Data center cooling solutions are frequently adopted by the data center operators in order to maintain a permissible temperature limit for its smooth operations. Data centers are needed to work efficiently all the time to process large amount of data. While processing of data, the equipment at data center dissipates heat energy that triggers the need for cooling solutions to prevent the equipment from getting overheated or damaged. In general, two types of cooling systems are used frequently that are water-based and air-based. Within air-based cooling solution, air is circulated through the data center for maintaining the temperature range. Whereas, water-based cooling solution is again segregated into water-cooled racks and immersion cooling where liquid coolants are used to maintain the permissible temperature range.
We customize your report according to your research need. REQUEST CUSTOMIZED COPY OF REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1140
Rising demand for cost-effective and efficient data centers, initiatives towards developing eco-friendly data centers are the key factors likely to augment the market size for data center cooling solutions over the coming years. Furthermore, on-going advancements in technology along with rising penetration of smartphones, internet, tablets, and computers anticipated to spur the amount of data generated per year that requires high processing and analysis of data this in turn triggers the need for data center cooling solutions over the projected timeframe.
However, need for higher investment cost, specialized infrastructure, and various cooling challenges while power outages estimated to hinder the market growth over the upcoming years. Furthermore, the emergence of liquid-based and portable cooling solutions as well as the rise in the need for modular data center cooling solution anticipated to offer lucrative growth opportunities for the market during the forthcoming years.
- North America leads the global market and expected to forecast the same trend over the coming years owing to the largest market dedicated for the technology oriented solutions
- The Asia Pacific anticipated gaining prominence during the upcoming period because of significant growth opportunity for the application of telecom sector
- Air conditioners segment dominated the global market and accounted for more than 30% of market share in 2019 as well as projected to exhibit prominent growth over the upcoming years
- The precision air conditioners register the fastest growth rate during the analysis period owing to technological advancements along with the introduction to energy-efficient units
- Based on application, the telecom segment occupied the largest value share in 2019 and anticipated to witness the fastest growth rate over the upcoming years
- The retail segment estimated to exhibit a CAGR of more than 13% over the analysis period due to the extensive application of social media, smartphones, IPVT, and tablet computers
North America holds prominent market share in 2019 owing to the technological advancements along with significant adoption of data center cooling solutions across diverse range of industries in the region. Additionally, the region being hub for IT companies generates large amount of data that in turn surge the need for effective data centers, thereby propelling the growth of data center cooling solutions. Moreover, the market in the Asia Pacific witnesses the highest growth rate between years 2020 and 2027. Prime factors governing the escalating growth of the region are the rising need for cost effective and energy efficient solutions across various industries.
Key Players & Strategies
The data center cooling industry is immensely consolidated in nature because of the presence of leading market players in the industry that are continuous discovering new cooling methods for the data centers. In the wake of same, these industry participants are largely focused towards upgrading their product quality that in turn strengthens their market hold. For instance, in June 2018, Microsoft Corporation introduced an eco-friendly data center that was located under the sea waters close to Orkney Island, Scotland. The new data center was a part of Phase 2 of the Project Natick that checks the feasibility of the establishment of the systems over the seabed.
In addition to the new innovation in the data center cooling solutions, some companies are focusing on the regional expansion. For instance, in June 2018, Digital Realty Trust Inc., a company dedicated for providing data center, colocation, and interconnected solutions, established its third center located at Toronto, Canada. As per the company, the new data center expected to cater the rising needs of upcoming startups along with well-established technology providers that predominantly focus on digital transformation.
A few of the prominent players in the data center cooling market include:
- Air Enterprises
- Climaveneta Climate Technologies (P) Ltd.
- Fujitsu Limited
- Hitachi Ltd.
- Rittal GmbH & Co. KG
- Netmagic Solutions
- STULZ GMBH
- Telx Holdings, Inc. (Digital Realty Trust, Inc.)
- Schneider Electric
- Vertiv Co.
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of containment, structure, product, application, and region:
- Raised Floor without Containment
- Raised Floor with Containment
- Cold Aisle Containment (CAC)
- Hot Aisle Containment (HAC)
- Row-Based Cooling
- Rack-Based Cooling
- Room-Based Cooling
- Precision Air Conditioners
- Air Conditioners
- Air Handling Units
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Why Buy this Report?
The purpose of Precedence Research’s Data Center Cooling market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1140
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace &defense, among different ventures present globally.
Call: +1 9197 992 333