Global Data Center Cooling Market was valued at US$ 7.50 Bn in 2019 and is expected to reach US$ 20.84 Bn by 2026, at a CAGR of 13.63% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Data center cooling solution is used to keep environmental conditions ideal for information technology equipment operation. This technology eliminates the heat produced by the information technology equipment and transfers that heat to the heat sink. Hence, in the absence of a suitable cooling system, data centers cannot function efficiently and may lead to system failure.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding data center cooling market dynamics, structure by identifying and analyzing the market segments by component, application, service, cooling technique, and region and, project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to a particular market segment.
The rapid growth of structures, as well as unstructured data along with the growing demand for cloud computing, is estimated to boost the global data center cooling market growth over the forecast. Efficient cooling systems dominate the major reduction in the operational cost of a data center.
Additionally, governments across the globe have imposing several environmental regulations on the emission and power consumption efficiency of the data center operations. These regulations are primary to the high demand for eco-friendly data center cooling solutions. Low compatibility among different data center cooling technologies is restraining the market growth. Increasing demand for green data centers is an opportunity in the data center cooling market.
The liquid cooling solutions segment is projected to witness the highest CAGR during the forecast period owing to the usage of advanced coolants which offers efficient cooling and also minimizes the total carbon footprint. Liquid cooling solutions provide efficient cooling for high power and server density data centers. The ability of liquids to deliver much more effectively in comparison to air and the use of self-contained systems integrated with heat exchangers is growing the demand for the liquid data center cooling market.
The rack/row-based cooling technique is estimated to grow at the highest growth in the data center cooling market owing to the ability to provide actual conditions in proximity which is targeted at the banks with server cabinets. These systems can be certainly suspended from overhead or installed on the floor keeping them closer to the racks or rows. Hence, offering both efficiency and capacity gains.
North America is expected to lead the market share during the forecast period due to the presence of technology giants such as Facebook, Google, and Microsoft who are continually seeking new ways to manage their increasing data. The U.S. market is projected to witness slow growth in comparison to the other regions owing to the relocation of data center facilities to other regions such as Canada and the Nordic countries.
Key players in the global data center cooling market are Emerson Network Power, Air Enterprises, Schneider Electric, Rittal GmbH & Co. KG, Climaveneta (Mitsubishi Electric), Asetek, and KyotoCooling.
Scope of the Global Data Center Cooling Market
Global Data Center Cooling Market by Component
o Chilling Unit
o Cooling Tower
o Air Conditioner
o Control System
o Liquid Cooling System
Global Data Center Cooling Market by Service
• Maintenance & Support
• Installation & Deployment
Global Data Center Cooling Market by Cooling Technique
• Rack/Row Based
• Room Based
Global Data Center Cooling Market by Application
• IT & Telecom
• Energy & Utility
Global Data Center Cooling Market by Geography
• North America
• Middle East & Africa
• South America
Key Players Operating in the Global Data Center Cooling Market
• Alfa Laval
• Allied Control
• Climaveneta (Mitsubishi Electric)
• Condair Group
• Coolcentric (Wakefield-Vette)
• CoolIT Systems
• Daikin Applied
• Data Aire
• Delta Group
• Green Revolution Cooling
• Nortek Air
• Renovo Zhuhai
• Schneider Electric
• Trane (Ingersoll Rand)
• United Technology (Carrier)
This Report Is Submitted By :Maximize Market Research Company
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