Press release
Data Center Cooling Systems Market Size Forecast to Reach $11.30 Billion by 2025
Data Center Cooling Systems Market
Full Report Link @ https://www.industryarc.com/Report/80/global-data-center-cooling-systems-market.html
Industry Vertical - Segment Analysis
Telecommunication segment held the largest market share in the Data Center Cooling System market in 2019. The demand for effective data centers is growing tremendously which is leading to the telecommunication sector to keep their facilities operational. This is also leading to reliability, energy consumption and maintenance. The need for efficiently managing thermal loads in the telecom facilities and electronic enclosures are enhancing the data cooling systems market. In addition, the rising usage of data center cooling systems allows telecom customers to install more communication equipment.
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Geography - Segment Analysis
In 2019, North America dominated the Data Center Cooling System market with a share of more than 38.33%, followed by Europe and APAC. The adoption of data center cooling technologies such as calibrated vectored cooling, chilled water system and among others by mid-to-large-sized organizations in the US are driving the market growth in this region. Additionally, the US-based data centers and companies are majorly focusing on the need for cost-effective and environmental friendly solutions which results in the demand for efficient data center cooling systems. Furthermore, the presence of increasing number of data centers in the US are further propelling the growth of data center cooling system market in this region.
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Drivers – Data Center Cooling System Market
Rising need for Environmental-Friendly Solutions
The growing demand for money-saving and eco-friendly solutions for the reduction of energy consumed in IT and telecom industry are enhancing the demand for data center cooling systems. The development of data center with ultra-low-carbon footprint by key player such as Schneider Electric is further embracing the growth of the market. Therefore, the demand for reducing carbon footprint of data centers are further escalating the need for environmental friendly solutions which will thereby drive the data center cooling system market.
Integration of Artificial Intelligence in the Cooling Systems
The deployment of advanced technology has highly enhanced various facilities and systems such as data center cooling systems. This deployment has led to the integration of artificial intelligence (AI) for data center cooling that gathers data by using sensors in every five minutes. The AI-based algorithms has become the major factor which is predicting the different combinations in a data center negatively and positively which affects the use of energy. As, companies are looking for ideal solutions in order to maintain temperatures in their data centers which is further embracing the AI, and thus surging the growth for the market.
Challenges – Data Center Cooling Systems Market
Inefficient Power Performance
Data centers requires huge amount of power to run effectively, and the presence of inefficient power performance becomes a critical issue for data center to run smoothly. The lack of effective power performance leads to slow or shut down of the cooling systems that further results in the closing of data center in order to avoid any damage to the equipment. This shut down of the data center also results in affecting the business operation causing financial risk to the business. Therefore, these key factor highly leads to hamper the growth of the data center cooling system market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Data Center Cooling Systems market. In 2019, the market of Data Center Cooling Systems has been consolidated by the major players – Emerson Network Power, APC, Rittal Corporation, Airedale International, Degree Controls Inc., Schneider Electric Equinix, Cloud Dynamics Inc, KyotoCooling BV, Simon and among others.
Acquisitions/Technology Launches
In July 2020, Green Revolution Cooling (GRC) major provider of single-phase immersion cooling for data centers announced the closing of $7 million series B investment. This funding will allow GRC to raise additional capital in order to support new product development and strategic partnerships. This new funding will enhance OEM agreement with Dell offering warranty coverage for Dell servers in GRC immersion systems. The other agreement will include OEM agreement with HPE, pilot projects leading to production installations, extension of many existing customer locations, winning phase one of the AFWERX initiative of the Air Force.
In May 2020, Schneider Electric partnered with EcoDataCenter in order to develop an ultra-low-carbon-footprint data center at HPC colocation in Falun, Sweden. This data center will be amongst the most sustainable data center in the Nordics, which will enhance Schneider’s EcoStruxure Building Operation, Galaxy VX UPS with lithium-Ion, and MasterPact MTZ are just some of the solutions.
Key Takeaways
In 2019, the Data Center Cooling System market was dominated by North American region owing to the adoption of environmental-friendly solutions in the data centers.
The integration of artificial intelligence (AI) based algorithms in order to predict the energy usage by the equipment in the data centers negatively and positively are further accelerating the market growth.
With the growing demand for environmental-friendly solutions in order to reduce carbon footprints from the data centers are leading to fuel the demand for data center cooling systems market.
The rising inefficient power performance leading to the shut-down of the cooling systems in data centers and further leading to financial risk to businesses. This factor is thus hampering the growth of the market.
Related Reports :
A. Data Center Colocation Market
https://www.industryarc.com/Research/Data-Center-Colocation-Market-Research-500503
B. Data Center Market
https://www.industryarc.com/Report/19401/data-center-market.html
For more Information and Communications Technology Market reports @ https://www.industryarc.com/Domain/7/information-communication-technology-market-research.html
Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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