Press release
Data Center Cooling Market to witness phenomenal growth opportunities by 2024
Global Market Insights, Inc.
Data Center Cooling Market was over USD 8 billion in 2016 growing at a CAGR of over 12% over the forecast timeline. This growth is accredited to the rising sum of data centers worldwide to manage the enormous amount of data generated from various industries. The cooling equipment helps in removing excessive heat from the facility which is generated by the different IT equipment delivering a functionable environment. The penetration of advanced cooling technologies such as liquid cooling solutions and hot/cold aisles will also offer opportunities to the industry. Furthermore, the increase in the unpredictable scaling capacities of the facility also demand an efficient cooling infrastructure which will boost the data center cooling market demand.
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The high costs associated with the equipment and services such as management & maintenance required for the upkeep of the equipment will hinder data center cooling market over future. Although, the industry participants are delivering equipment with competitive prices to gain prominence. The usage of unreliable power sources connected to the equipment and power flows due to faulty installations of the them also pose a growth challenge.
The services segment is expected to witness growth in the data center cooling market due to the demand from the customers to efficiently manage the facility and gain insights for better management. The maintenance service providers help in minimizing the maintenance of the underutilized equipment so that the Power Usage Effectiveness (PUE) can be lowered. They also carry out the inspection under the raised floor as most of the cooling equipment is kept there. This makes the operators more aware of any kind of potential issues such as rodent, water droppings, any loose floor foundations and openings in the surrounding walls. Moreover, these services are needed for the efficient management of the equipment and reduce the costs associated with equipment repair or failure. Efficient monitoring and management of tools can directly affect the data availability which makes the data center operators more inclined towards such services.
The colocation application segment is predicted to grow substantially in the data center cooling market due to high demand for scalability, price transparency and edge connectivity benefits offered by the facility. In addition, the ability to offer scaling of the capacity easily and lower the network latency will also fuel the industry demand. The BFSI application segment will grow at a significant rate in the data center cooling market due to the rising inclination of the consumers for online banking services resulting in rise in enormous amount of data to be managed, fueling the demand for more number of data center. The trend toward on-demand services and infrastructure consolidation will also fuel the demand. The wide scale adoption of smart devices and consumer demand to protect the financial assets and information property is anticipated to drive the demand for data center cooling market to increase efficiency and cost effectiveness of the infrastructure.
Key players participating in the data center cooling market comprise Schneider Electric, Nortek Air Solutions, LLC, Rittal GmbH & Co. KG, Black Box Corporation, Airedale International Air Conditioning Ltd., and AdaptivCOOL. The industry is highly competitive in nature due to the presence of various established companies using technologically advanced cooling approaches. These companies are also working on enhancing the current range of products and new product development to remain prominent in the data center cooling market.
Browse key industry insights spread across 250 pages with 218 market data tables & 33 figures & charts from the report, Data Center Cooling Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-cooling-market
Table Of Content (TOC-)
Chapter 3. Data Center Cooling Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.4. End-use industry
3.3.5. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Innovation in data center technology
3.4.2. Green data centers
3.4.3. Impact of artificial intelligence
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Need for energy efficient equipment in the U.S.
3.6.1.2. Demand for intelligent control systems in Europe
3.6.1.3. Rising number of data centers in Asia Pacific
3.6.1.4. Demand for direct contact liquid cooling in South America
3.6.2. Industry pitfalls and challenges
3.6.2.1. Excessive power consumption
3.6.2.2. Higher cooling loads
3.7. Growth potential analysis
3.8. Porter’s analysis
3.8.1. Threat of new entrants
3.8.2. Buyer’s power
3.8.3. Threat of substitutes
3.8.4. Threat of suppliers
3.8.5. Industry rivalry
3.9. Competitive landscape, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Chapter 4. Data Center Cooling Market, By Component
4.1. Data center cooling market share by component, 2016 & 2024
4.2. Solution
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Chilling unit
4.2.2.1. Market estimates and forecasts, 2013 - 2024
4.2.3. Air conditioner
4.2.3.1. Market estimates and forecasts, 2013 – 2024
4.2.4. Cooling tower
4.2.4.1. Market estimates and forecasts, 2013 - 2024
4.2.5. Control system
4.2.5.1. Market estimates and forecasts, 2013 - 2024
4.2.6. Economizer
4.2.6.1. Market estimates and forecasts, 2013 - 2024
4.2.7. Liquid cooling system
4.2.7.1. Market estimates and forecasts, 2013 – 2024
4.2.8. Others
4.2.8.1. Market estimates and forecasts, 2013 - 2024
4.3. Service
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Installation and deployment
4.3.2.1. Market estimates and forecasts, 2013 - 2024
4.3.3. Maintenance and support
4.3.3.1. Market estimates and forecasts, 2013 - 2024
4.3.4. Consulting
4.3.4.1. Market estimates and forecasts, 2013 - 2024
Browse Related Blog: http://reports.algosonline.com/data-center-infrastructure-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/technology
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