|10-13-2018 11:06 AM CET - IT, New Media & Software||
Data Center Cooling Market Expected to Reach $11.65 Billion, Globally by 2020 registering a CAGR of 13.17%, The Key Players Are Emerson, Schneider, Rittal, Stulz, IBM
Press release from: Allied Market Research
Data Center Cooling Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $11.65 billion by 2020, registering a CAGR of 13.17% during the period 2014-2020. Precision Air Conditioning (PAC) would drive the market significantly by the year 2020, as its setup cost is comparatively less than Precision Air Handling Unit (PAHU). The data center cooling system market primarily includes two components chillers and air conditioners. Chillers contributed to 70% of total global data center cooling market in 2013.
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A large amount of data processing is required due to the rapid increase in e-commerce sites and growth in hospital data. Banking, financial services and insurance (BFSI), Energy and others sector will prove as a moderate contributor, in terms of revenue, for the global data center cooling market. The cooling technology giant, Emerson, launched an extended-size version of the ultra-silent outdoor coil condenser for data center cooling systems which features an increased capacity of 220KW.
Increase in data volume and cloud adoption are the major market drivers for the growth of this market. The North American region will prove to be a major revenue contributor in the data center cooling market during the forecast period. However, with the rise in industrialization, the Asia-Pacific market would also be a key region in the cooling market.
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Key findings of Data Center Cooling Market:
• The global data center cooling market is growing due to increasing adoption of data centers across key verticals such as Telecom & IT, retail, healthcare, BFSI and government during the forecast period (2014 - 2020)
• Telecom & IT is amongst the major contributors towards the growth of the data center cooling market during 2014-2020
• North America enjoys the biggest share in the global data center cooling market and also holds a significant position in revenue generation
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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