Data Center Cooling Market in Asia Pacific Is Witness Significant Growth Over 2024 | Key Players are Black Box, Schneider Electric Se, Airedale International Air Conditioning, Stulz GmbH, Rittal GmbH & KG, Vertiv, Asetek, and Coolcentric

The data center cooling market in Asia Pacific is expected to witness significant growth owing to the flourishing financial sector in developing economies such as India. The rising requirement for cost effective and energy efficient solutions to minimize the energy consumption levels will have a positive impact on the industry in the region. Furthermore, the demand for cloud data centers will also augment the demand in the region.

The surging implementation of IT in several end-use sectors including banking, retail, and telecom is likely to fuel data center cooling market. Currently, data centers play a pivotal role in the functioning of several business enterprises, given that any failure in data center operations can have a rather negative impact on business growth. In fact, data center heat removal is one of the essential back strategies to maintain data centers.

The ongoing innovations in cloud computing and data center platforms has also been favoring the growth of this business vertical. In addition, the emergence of IoT and artificial intelligence has also positively influenced the revenue potential of data center cooling market, pegged at USD 8 billion in 2016.

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Data center cooling is one of the primary challenges ahead for data center users, owing to the adverse effects of excess heat and high temperature on the performance and lifespan of date centers. In order to enhance operational performance, many organizations are deploying more blade servers, which however results in high electricity requirement. The rise in electricity and cooling demand not only hampers the productivity of data centers but also increases the cooling costs. In this regard, several business enterprises are investing heavily in the development of efficient cooling and heat management facilities, which would considerably impact data center cooling market trends.

For instance, well-known internet giants Facebook and Google have declared an investment plan of USD 700 million to construct data centers in Iowa across U.S, which would help impel the commercialization scope of the regional data center cooling market. Thus, the rising number of investments in data center infrastructure development by leading tech behemoths is likely to influence data center cooling market outlook positively over the years ahead.

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Traditionally, in order to construct a new data center, nearly 35% of overall expenditure should be invested on cooling equipment. In fact, the increasing usage of emerging technologies such as Internet of things (IoT) and AI are fueling the requirement of powerful and larger data centers. In this regard, many of the giants in data center cooling market including Black Box Corporation, Schneider Electric SE, Rittal GmbH & Co. KG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning are investing heavily in research and development activities to develop efficient and cost-effective cooling technology.

One of the largest operational expenses in setting up a data center is the cost of energy. In a traditional data center, cooling costs alone can easily represent 25% or more of total energy costs which explains the rising significance of the overall data center cooling market. Speaking in the similar context, the developed economies in the North American region have been witnessing massive investment from private sector firms to set up large data centers. As a matter of fact, the U.S. data centers space has reportedly recorded an astonishing investment of around USD 18.2 billion in the year 2017, according to a few trusted estimates. These statistics are a testament to the humongous business opportunities awaiting the North America data center cooling market giants.

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The robust growth in digitalization across the globe and the increasing demand for big data and cloud computing are likely to have a tremendous influence on data center cooling market. More importantly, increased application development and the fierce competition may help generate lucrative opportunities for data center cooling industry players, thus favoring the growth of the overall business vertical.

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