Press release
Data Center Cooling Market Detail Analysis Focusing on Black Box Corporation, Schneider Electric Se, Airedale International Air Conditioning Ltd, Stulz GmbH, Rittal GmbH & Co
Increase in the power consumption levels and the need to enhance the overall efficiency is expected to fuel the data center cooling market demand over the forecast timeline. Data centers necessitate a cool environment to eliminate the recirculation of heat, as the excessive heat generated from the equipment can cause interrupted flow of information, data loss or may even damage the systems. Implementation of hot and cold aisles, installation of blanking panels and usage of close-coupled cooling are among the factors to improve the overall efficiency and provide energy efficient solutions. Global data center cooling market is set to exceed USD 20 billion by 2024; according to a new research report.
The increasing need to offer systems with high efficiency which do not need high energy consumption will drive the data center cooling market in the next seven years. The green data centers are gaining traction in the industry due to the need for energy efficient cooling systems as they utilize renewable sources of energy. There is an inclination towards the adoption of containerized data centers and construction of modular data centers have increased to deliver high efficiency. They also help in reducing the energy consumption and carbon emission levels, thereby fueling the data center cooling market demand. These data centers are anticipated to witness growth in the enterprises because of their effectiveness, and their ability to adapt to variations in humidity and temperatures.
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Concerns related to the high cost of these equipment and the maintenance required by them might hamper the data center cooling market growth. Factors such as emission of harmful gases and rising heat energy densities will also negatively impact the growth. In addition, the reluctance of service providers in the less tech savvy regions such as Asia Pacific to implement advanced technologies is predicted to pose a challenge to the data center cooling market growth.
The colocation application segment is expected to grow at a significant rate in the data center cooling market as it offers more flexibility and so that it is easy to scale up the IT environment and align the business at the same time. It also helps the service providers in focusing on their core competencies and focus less on the management of the data centers. In addition, it offers cost effectiveness as it reduces the total cost of ownership of the equipment.
The data center cooling market in Asia Pacific is expected to witness significant growth owing to the flourishing financial sector in developing economies such as India. The rising requirement for cost effective and energy efficient solutions to minimize the energy consumption levels will have a positive impact on the industry in the region. Furthermore, the demand for cloud data centers will also augment the demand in the region.
Some of the players in the data center cooling market include Black Box Corporation, Schneider Electric Se, Airedale International Air Conditioning Ltd, Stulz GmbH, Rittal GmbH & Co. KG, Vertiv Co., Asetek, and Coolcentric. The major industry players are investing in R&D to integrate advanced technologies. Moreover, they are entering into long-term partnerships with the enterprises for the installation of modern systems such as liquid immersion in the data centers.
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Data center cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:
Data Center Cooling Market, By Component
Solution
Service
Data Center Cooling Market, By Solution
Chilling unit
Air conditioner
Cooling tower
Economizer
Control system
Liquid cooling system
Others
Data Center Cooling Market, By Service
Consulting service
Maintenance and support service
Installation and deployment service
Data Center Cooling Market, By Application
IT & Telecom
BFSI
Retail
Healthcare
Energy & utilities
Colocation
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Data center cooling industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Component trends
2.1.4. Cooling trends
2.1.5. Application trends
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
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