Data Center Cooling Market: Overview, Trends, New Technologies, Growth by 2020

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 centre cooling solutions. 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 centre cooling market.

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The cooling technology giant, Emerson, launched an extended-size version of the ultra-silent outdoor coil condenser for data centre 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 centre 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.

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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Big data growth

Rapidly increasing data volume, velocity and veracity, due to increased use of internet. Increase in data volume has created demand for the data storage space, so that data can be processed and stored safely. Increasing data processing requires more cooling systems to ensure smooth processing of the data storage server. Thus, the requirement for humongous data processing would increase and influence the data cooling market.

Government regulations

ASHRAE (American Society of Heating, Refrigerating, and Air-Conditioning Engineers) is provider of technical standards and guidelines for cooling industry with respect to environment control technology. ASHRAE has proposed specific temperature and humidity levels, to prevent system failure due to high temperature. Hence, proper functioning of data centers would continue to drive the need for installation of efficient data center cooling systems

Cloud Computing

By 2016, it is expected that consumers would store most of their digital data using cloud services. Earlier, consumers stored data on PCs, but today they prefer cloud storage, which is increasing the amount of fresh data and consequently requires more storage space. With the availability of private cloud services, users can store their digital content in the cloud directly. Increasing trend of digital data generation drives the need of m

Key Benefits of Data Center Cooling Market:

•A thorough analysis of current and future trends in the market elucidates the imminent investment pockets in this region

•The report provides information regarding key drivers, restraints and opportunities with impact analysis

•Porter's Five Forces model and a SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market

•Quantitative analysis of the current market and estimations through 2014-2020 are provided to showcase the financial appetency of the market

•The report provides detailed analysis of the market with respect to type of data center cooling, solutions, component, service, end-user, verticals and geography to enable stakeholders take precise investment decisions

•Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chain

Key Market Players:

•Emerson Electric
•Schneider electric
•International Business Machines Corporation
•Hitachi, Ltd.
•HP Development Company, L.P.
•AdaptivCOOL
•Rittal GmbH & Co. KG
•Stulz USA

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About Us:

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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