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

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.
Amongst all verticals, telecom and IT, are the major contributors to the market revenue of the data center cooling market. The growing number of applications in healthcare and retail sector have a good scope in the data center cooling solutions.

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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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