Data Center Cooling Market – Overview
The data center cooling market is enjoying the bliss of the pervasive ways data centers have adopted to secure industrial preference across verticals. Data center cooling is comprised of apparatus, systems, and process that ensures ideal temperature inside any data center strongholds. Enough cooling and ventilation can guarantee optimal workflow of the data centers. At the same time, increasing computing capabilities has resulted in a power density which can again hinder the normal work process. This requires proper cooling. In addition, the percolation of big data and daunting data traffic are pushing the need for Data Center Cooling Market. The global data center cooling market can go past a valuation of USD 17 billion during the forecast period (2018-2023) with an impressive 14% CAGR. Market Research Future (MRFR) extensively covered areas such as segments and drivers, before bringing in expert inputs to provide a holistic view of the market. Among the factors, data center’s emergence as the choicest option for many industries and its likewise integration can be considered substantial.
Despite such impacts, data center cooling market can witness some leashing owing to its adverse environmental impact. The system consumes almost 30%-50% power of the entire setup. However, a search for a sustainable and profitable cooling solution can steer the market away from any long-time plummet.
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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.
Segmentation
Global data center cooling market has been segmented as follows:
- By component, the market is sub-segmented into precision air conditioning, server cooling, chillers, economizer, air handling units, and others.
- By cooling type, the market is sub-segmented into liquid, and air.
- By service type, the market is sub-segmented into professional services and managed services.
- By organization size, the market is sub-segmented into small & medium (SMEs) enterprises and large enterprises.
- By verticals, the market is sub-segmented into IT & telecommunication, healthcare, BFSI, energy, government, and others.
Regional analysis
The global market for the data center cooling is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of data center cooling market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is the dominating region in the data center cooling market. Advancement in technology and presence of players in this region is supporting the growth of the data center cooling market. Substantial interest in R&D from private sector towards the improvement of data center cooling is a key factor that drives the market growth.
Asia-Pacific is expected to be the fastest growing market in the global data center cooling market due to increased ownership of smartphones and IoT based consumer electronics in the region. Similarly, the rising demand for wearable devices in countries such as China, Japan, South Korea, and India is one of the factors that influence the generation of a large amount of data to store and process, thus the requirement of the data center is increasing, driving the data center cooling market. Additionally, the presence of consumer electronics device manufacturers, BFSI, infrastructure development in the region is also expected to drive the market. Asia-Pacific is expected to be the fastest growing market during the forecast period. Large manufacturing hubs present in Japan, China, and India are involved in the construction of data centers, that is likely to influence the data center cooling market positively in 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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