Data Center Cooling Market Size, Share, Development Strategy, Industry Trends, Growth Factors, Key Players Analysis and Opportunity Assessment by 2023
Market Research Future published a research report on “Data Center Cooling Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – May 31, 2019 /MarketersMedia/ —
Market Scenario
The global data center cooling market is expected to exhibit a strong 14% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global data center cooling market is mainly driven by the growing adoption of big data technology and cloud computing, which has driven the demand for data centers all around the world.
The growing demand for data centers around the world is likely to be the major driver for the global Data Center Cooling Market over the forecast period. Data center cooling systems play a vital role in the operation of data centers, as the use of several computers in close proximity creates a significant amount of heat, necessitating effective ventilation mechanisms. The increasing power density in data centers is likely to be a key driver for the global data center cooling market over the forecast period.
The increasing adoption of big data and cloud computing technology is also likely to be a major driver for the global data center cooling market, as this is likely to drive the demand for more data centers over the forecast period. The incorporation of big data and cloud computing has helped enterprises generate detailed information reports that help the company progress in all matters, leading to a growing demand for these technologies in the industrial sector. The growing incorporation of these technologies over the forecast period is likely to be a major driver for the global data center cooling market.
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Industry Updates:
In May 2019, PwrCor, a New York-based company specializing in renewable energy solutions, came up with a novel solution for turning the waste heat produced in data centers into electricity, thereby turning the problem on its head and allowing the data center operators to significantly cut down on power expenses needed to ventilate the waste heat. This could become an important solution in the global data center cooling market, as this solution represents not just the best option of cooling data centers, but actually turns the problem around.
In May 2019, the city of Denver announced plans to offer year-round cooling services to data centers and other industries. While the high-altitude location of Denver is suitable for this move, government support in the form of such initiatives could be crucial in driving the global data center cooling market over the forecast period.
Key Players
The Prominent players in the market of Data Center Cooling are- Fujitsu, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), 4energy (U.K.), 3M (U.S.), Degree Controls (U.S.), Wakefield-Vette, Inc. (U.S.), HP Development Company, L.P. (U.S.), The Heico Companies LLC (U.S.), , Vertiv Co. (U.S.), IT Aire , Inc. (U.S.), Cloudsite Intelligent Data Centers (U.S.) among others.
Global Data Center Cooling Market: Segmental Analysis
The global data center cooling market is segmented on the basis of component, cooling type, service type, organization size, end-use vertical, and region.
• By component, the global data center cooling market is segmented into precision air conditioning, server cooling, chillers, economizers, air handling units, and others.
• By cooling type, the global data center cooling market is segmented into liquid and air.
• By service type, the market is segmented into professional services and managed services.
• By organization size, the data center cooling market is segmented into small & medium (SMEs) enterprises and large enterprises.
• By end-use vertical, the global data center cooling market is segmented into IT & telecommunications, healthcare, BFSI, energy, government, and others.
Regional Analysis:
North America is the dominant region in the global data center cooling market and is likely to retain the position over the forecast period due to the growing demand for data centers in the highly data-driven economies of the U.S. and Canada.
Asia Pacific is expected to exhibit rapid growth over the forecast period due to the growing demand for data centers in countries such as China and India, which have emerged as key players in the market for data analysis and storage in recent years. The Asia Pacific market is expected to exhibit the highest growth rate over the forecast period. Japan, China, and India are likely to play a leading role in the data center cooling market in Asia Pacific over the forecast period.
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Intended Audience
• System integrators
• OEMs
• Cloud Service Providers
• Technology consultants
• Enterprise service management vendors
• Consulting firms
• Electronic component suppliers
• Air conditioner manufacturers
• Telecom services providers
• Original equipment manufacturers
• Value-added service providers
• Data center cooling solution vendors
• Data center operators
• Data center colocation service providers
• System integrators
• Cloud service providers
• Colocation providers
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 518870
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