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Growing Worldwide On Data Center Liquid Immersion Cooling Market 2018-2026: Global Key Players Alfalava, Asetek, Rittal GmbH & Co. Kg, Schneider Electric SE, IBM Corporation, CoolIT Systems, Green Data Center LLP, Midas Green Technologies, LLC
Data Center Liquid Immersion Cooling
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Increasing number of companies are investing in data centers to store their data. For instance, in 2017, NTT Communications Corporation, a Japan-based telecommunication company, announced to launch international data network services in India. For this, the company is expected to invest US$ 160 million to setup two data centers in India (Mumbai and Bangalore). Similarly, in January 2018, Apple Inc.—a U.S.-based company— announced investment of over US$ 10 billion on data centers over the next five years in the U.S. Hence, this increasing investment on data centers have become a major driving factor for growth of the data center liquid immersion cooling market, globally
Major players operating in the global data center liquid immersion cooling market include Alfalava, Asetek, CoolIT Systems, Green Data Center LLP, Green Revolution Cooling Inc., Horizon Computing Solutions, IBM Corporation, Midas Green Technologies, LLC, Rittal GmbH & Co. Kg., and Schneider Electric SE.
North America held the dominant position in the data center liquid immersion cooling market and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are growth engines in North America market. High presence of hyper scale data centers in this region is one of the major factors for growth of this market. By 2020, it is estimated that North America will generate 6,844 Exabyte of cloud data traffic per year. Hence, this high cloud data traffic in this region have increased the processing heat in data centers, which is expected to accelerate demand for data centers liquid immersion cooling solutions in this region.
According to Coherent Market Insights, it is estimated that in Asia Pacific, the data center workload is expected to increase with a CAGR of 24% in the period of 2016-2021. Similarly, cloud data centers workload in Asia Pacific region is projected to exhibit a CAGR of 27% in the forecast period.
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Asia Pacific data center liquid immersion cooling market is projected to exhibit the highest CAGR in the forecast period. Increasing demand for data centers due to increasing e-commerce industry, rising adoption of advance technologies such as internet of things, cloud, and big data by various industries have accelerate the market growth in this region. According to Coherent Market Insights, it is estimated that in Asia Pacific, the data center workload is expected to increase with a CAGR of 24% in the period of 2016-2021. Similarly, cloud data centers workload in Asia Pacific region is projected to exhibit a CAGR of 27% in the forecast period of 2016-2021.
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