Press release
Innovations Boost Revenues in the Global Data Center Cooling Market | Arizton
Global Data Center Cooling Market Insights 2023
Arizton’s recent market research report on the global data center cooling market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by cooling infrastructure (cooling system and other infrastructure), by cooling technique (air-based cooling and liquid-based cooling), by cooling systems (CRAC & CARH, chiller, cooling towers & dry coolers, economizers & evaporative coolers, and other cooling units), geography (America, EMEA, and APAC), and offers detailed competitive analysis.
The global data center cooling market is expected to generate revenues of around $8 billion by 2023, growing at a CAGR of approximately 6% during 2017-2023.
The increasing innovations that enhance the operational efficiency of datacenter facilities, reduce power consumption, and decrease carbon emissions is propelling the growth of the global data center cooling market. The growing focus on procurement of cooling systems of N+N redundancy and 2N systems especially for precision air conditioners is expected to transform the global market during the forecast period.
The top 3 drivers and trends augmenting the growth of the global data center cooling market are discussed below:
Increasing Construction of Green Data Center Facilities
The growing need to reduce the environmental impact of facilities is one of the primary considerations for operators and enabling the launch of innovative power and cooling solutions in the global data center cooling market. The operators are implementing the use of efficient IT and cooling infrastructures that will help reduce the OPEX and CAPEX considerably across facilities in the market. Modern facilities are being built with PUE of around 1.1–1.3, with flexibility in design and adoption of DCIM solutions to help operators attract new consumers in the global market. The use of free cooling systems across the US, Canada, and Europe which requires lesser energy than traditional solutions will lead to the evolution of the global data center cooling market. The use of free cooling solutions in facilities will help reduce energy consumption by up to 50% in terms of cooling OPEX in the market. Modern cooling systems are adopted with in-built monitoring control or wireless monitoring of the systems through DCIM. Such efforts in promoting and implementation of energy-efficient green datacenter operations will augment the growth of the global data center cooling market. The introduction of artificial intelligence and innovative equipment will contribute to revenues in the global market.
Data Center Innovations Targeting Cooling
The increasing investment in developing innovative cooling systems will result in the evolution of the global data center cooling market. The two major innovations in the market consist of tropical climate datacenter and underwater datacenter. These projects are expected to reduce energy consumption significantly and have the potential to change the landscape of cooling solutions across countries that experience tropical climates. The leading vendors are developing facilities in tropical climates for regions such as India, Southeast Asia, Malaysia, Australia, and MEA with these innovations to gain a larger global data center cooling market share. For instance, in November 2015, Microsoft deployed its first underwater container datacenter (Project Natick), which is approximately one kilometer off the Pacific coast of the US. In June 2018, after the success of Phase 1, Microsoft has deployed Phase 2 of its Project Natick, full-scale undersea datacenter modules and dropped it European Marine Energy Centre in June of 2018. These projected are expected to revolutionize the global data center cooling market during the forecast period.
Request for your free sample today!:https://www.arizton.com/market-reports/global-data-center-cooling-market
Increased Adoption of Automation and Monitoring Solutions
The increasing power consumption and energy wastage are urging top operators to implement automation and monitoring solutions in the global data center cooling market. The adoption of end-to-end monitoring of facilities will help companies identify the maintenance requirements of infrastructure to avoid operational failures in the market. The top players are offering modern infrastructure with controls for direct and remote monitoring features to boost their revenues in the global data center cooling market. The implementation of DCIM solutions will help tackle situations such as high power consumption, increased carbon emissions, and inefficiency of traditional cooling systems in the global market. Companies such as Schneider Electric’s StruxureWare, Siemens Datacenter Clarity LC, Nylte Software, Sunbird (dcTrack), Vertiv’s Trellis, and ABB’s Ability are offering innovative solutions in the global data center cooling market.
The leading vendors in the global data center cooling market are Airedale Air Conditioning, Rittal, Schneider Electric, STULZ, and Vertiv.
The complete overview of the latest market research report on global data center cooling market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
Source: https://www.arizton.com/news/press-release/innovations-boost-revenues-in-global-data-center-cooling-market
About Arizton
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-465-7864
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