Data center cooling market size is estimated to surpass USD 12.55 billion by 2022. Increasing focus on achieving high efficiency and minimizing the infrastructure budget are anticipated to drive industry growth over the forecast period. Mounting data amount is anticipated to elevate the need for extra storage space, which is expected to increase demand for data centers worldwide. This may lead to high power consumption and subsequently contribute in extreme heat generation, which is expected to fuel demand for low power consuming cooling technologies over the coming years.
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Cooling technologies are an important element in data centers for efficient functionality. Extreme heating in data centers may damage the infrastructure which in turn may affect functioning of servers owing to loss of data and discontinuity in data flow. It is also creating high demand for these techniques to avoid such loses and also to reduce downtime and enhance performance. It is observed that controlling heat and cooling the data centers contributes in nearly fifty percent reduction in power consumption which is essential for reducing the associated operational cost. Efficient data center cooling techniques provide enhanced serviceability, availability, standardization, scalability, adaptability and manageability.
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Stringent government regulations worldwide regarding environment regulations on emissions of hazardous materials and data center’s power consumption efficiency of operations may fuel product demand significantly. These regulations may result in elevated requirement for efficient and eco-friendly data center cooling technologies. Increasing funding for the development of green data centers may offer avenues for expansion and industry growth over the next few years.
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High initial investment and low compatibility among many other cooling technologies may pose challenge for industry growth over the forecast period.
The industry is expected to witness the onset of emerging technologies including free cooling, evaporative cooling and liquid cooling which is estimated to catapult industry growth over the coming years.
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