Data Center Cooling Market - Growth Drivers - Schneider Electric Se, Asetek, Delta Power Solutions, Stulz Gmbh, Coolcentric, Alfa Laval, Coolcenteric, Airedale International Air Conditioning | Strategic Analysis 2023

The global data center cooling market was valued at USD 8.26 billion in 2017 and is expected to reach a value of USD 16.54 billion by 2023 at a CAGR of 11.87% over the forecast period of 2018u20132023. The scope of the report is limited to the type of deployment offered by the major players, which include cloud and on-premise. While the end users considered in the scope of the report include banking/financial services, manufacturing, IT & telecommunication, energy & power, and others.

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Data centers have become a core component organization IT infrastructure. A data center is a centralized repository for the storage, management, and dissemination of data and information, which is organized around a particular body of knowledge or pertaining to a particular business. Data center cooling is an integral and often overlooked aspect of data center maintenance. Data centers comprise of intricate electronic components and processors that generate heat during operation. This heat needs to be properly dissipated to ensure that the overall efficiency of the unit remains unaffected.

Recent Developments
• March 2018: Cities of Shelby and Montana have been declared as the preferred sites for data center development owing to the presence of cool natural air and a windy climate apart from low property tax.
• March 2018: French firm Engie has decided to invest USD 80 million over a period of five years in establishing a Centre of Expertise for District Cooling in Singapore used for various cooling needs such as data centers.

The major players include –
SCHNEIDER ELECTRIC SE, ASETEK, INC., DELTA POWER SOLUTIONS, STULZ GMBH, COOLCENTRIC, ALFA LAVAL, COOLCENTERIC, AIREDALE INTERNATIONAL AIR CONDITIONING LTD., FUJITSU LTD., CISCO SYSTEMS, MUNTERS, VERTIV (EMERSON NETWORK POWER), SHENZHEN ENVICOOL TECHNOLOGY and ADAPTIVCOOL, RITTAL GMBH & CO., KG, amongst others.

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Increasing Demand for Data Centers
Companies are accumulating huge amounts of data and are investing in more data centers to store such huge data. Data centers also ensure business continuity, which is important in today’s world where companies are spread across different continents. Globally, the amount of data is set to grow drastically in the next six years from around 4.4 ZB to 44 ZB. The amount of information produced by machines such as Internet of Things will account for about 10% of worldwide data. Data generated by sensors connected to the internet has become increasingly important to every aspect of businesses. The amount of data that spends some of its lifetime in the cloud will double, and the amount of data will increasingly outpace available storage. It is estimated that, currently 60% of data in digital world is produced in mature markets such as Germany, Japan, and the United States. However, this situation will reverse by 2020 and emerging markets such as Brazil, China, India, Mexico, and Russia will account for most of the world’s data. With such explosion in the data storage needs, there arises a huge need for data center storage. This is influencing the growth of data center infrastructure investments, thus boosting the growth of data center cooling systems.

Air Conditioners are Most Widely Used Solutions
Data centers run for all round the year. The densely packed racks generate enormous computing power, which helps organizations to store and analyze data for effective decision making. Air conditioning systems help in maintaining the ideal room temperature, which serves the need of sensitive IT environment. Data centers run perennially. They are accommodated in racks, which help organizations to store and analyze the data. Air conditioners are heat exchangers and are used to help maintain ideal room temperatures for sensitive IT environment. Choosing an appropriate size of air conditioner is important in data center cooling. If the size of the air conditioner is under the prescribed requirement, effective cooling would not be possible. Air conditioners are thus, the most commonly used cooling solutions deployed in the data centers. Thus, air conditioners hold a large share in the market.

Europe to be the Largest Market
Improvement in economic outlook across Europe has restored some business confidence. The economic recession has forced companies to think hard of the measures to take for reducing costs associated with data center operations. These factors have augmented the need for efficient data center cooling solutions. As the economy improves further, the vacancy rates will decline, and on the other hand, demand for new data centers will grow. Apple, Inc. spent USD 1.9 billion to build two data centers in Europe that would be entirely powered by renewable energy. The company has declared that the data centers in Ireland and Denmark will power Apple's online services, including the iTunes Store, App Store, iMessage, Maps, and Siri for customers across Europe.

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