Press release
Data Center Cooling Market to Witness High Growth Via Services Segment By 2024
Data Center Cooling Market
In terms of the regional growth outlook, the global data center cooling market space has been highly-dominated by North American nations. Owing to the increasing adoption of cloud computing and big data analytics, the need to deploy highly-efficient data storage capabilities has subsequently placed a considerable burden on the national power facilities. Moreover, the presence of technology behemoths such as Microsoft, Google, and Facebook have further added to the popularity of the North America data center cooling industry.
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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 industry 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.
The data center cooling market in Asia Pacific will observe high growth accredited to rising number of data centers in the region due to the increasing demand for digitalization due to the convenience offered. The facilities help in supporting the digitalization trend as it significantly reduces the carbon emissions and overall energy consumption. Many key players such as Equinix are investing to construct these facilities due to the long term economic prospects and the increasing penetration of the internet in the region. In addition, the flourishing telecommunication industry and the demand for the availability of critical data will fuel the data center cooling market growth in the region.
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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.
Table of Contents:
Chapter 4. Data Center Cooling Market, By Component
4.1. Data center cooling market share by component, 2016 & 2024
4.2. Solution
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Chilling unit
4.2.2.1. Market estimates and forecasts, 2013 - 2024
4.2.3. Air conditioner
4.2.3.1. Market estimates and forecasts, 2013 – 2024
4.2.4. Cooling tower
4.2.4.1. Market estimates and forecasts, 2013 - 2024
4.2.5. Control system
4.2.5.1. Market estimates and forecasts, 2013 - 2024
4.2.6. Economizer
4.2.6.1. Market estimates and forecasts, 2013 - 2024
4.2.7. Liquid cooling system
4.2.7.1. Market estimates and forecasts, 2013 – 2024
4.2.8. Others
4.2.8.1. Market estimates and forecasts, 2013 - 2024
4.3. Service
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Installation and deployment
4.3.2.1. Market estimates and forecasts, 2013 - 2024
4.3.3. Maintenance and support
4.3.3.1. Market estimates and forecasts, 2013 - 2024
4.3.4. Consulting
4.3.4.1. Market estimates and forecasts, 2013 - 2024
Chapter 5. Data Center Cooling Market, By Cooling Technique
5.1. Data center cooling market share, by cooling technique, 2016 & 2024
5.2. Rack/row based
5.2.1. Market estimates and forecasts, 2013 - 2024
5.3. Room based
5.3.1. Market estimates and forecasts, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/data-center-cooling-market
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Global Market Insights, Inc.
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