Press release
Data Center Cooling Market By 2024 key players: Schneider, Nortek Air Solutions, Rittal GmbH & Co. KG, Black Box Corporation, Airedale International Air Conditioning, AdaptivCOOL
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.
Top Key Players: -
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.
Regional Segmentations: -
The data center cooling market in Asia Pacific will observe high growth accredited to rising number of data centers in the region due to the increasing demand for digitalization due to the convenience offered. The facilities help in supporting the digitalization trend as it significantly reduces the carbon emissions and overall energy consumption.
Competitive Market: -
Many key players such as Equinix are investing to construct these facilities due to the long term economic prospects and the increasing penetration of the internet in the region. In addition, the flourishing telecommunication industry and the demand for the availability of critical data will fuel the data center cooling market growth in the region.
Partial Chapter of the Table of Content
Chapter 5. Data Center Cooling Market, By Cooling Technique
5.1. Data center cooling market share, by cooling technique, 2016 & 2024
5.2. Rack/row based
5.2.1. Market estimates and forecasts, 2013 - 2024
5.3. Room based
5.3.1. Market estimates and forecasts, 2013 – 2024
Chapter 6. Data Center Cooling Market, By Application
6.1. Data center cooling market share, by application, 2016 & 2024
6.2. IT & Telecom
6.2.1. Market estimates and forecasts, 2013 - 2024
6.3. BFSI
6.3.1. Market estimates and forecasts, 2013 - 2024
6.4. Retail
6.4.1. Market estimates and forecasts, 2013 - 2024
6.5. Energy and utility
6.5.1. Market estimates and forecasts, 2013 - 2024
6.6. Healthcare
6.6.1. Market estimates and forecasts, 2013 - 2024
6.7. Colocation
6.7.1. Market estimates and forecasts, 2013 - 2024
6.8. Others
6.8.1. Market estimates and forecasts, 2013 - 2024
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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.
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.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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