Press release
Data Center Cooling Market 2021-2026 skyrocketed revenue with key players Emerson Electric Co., Coolcentric, Schneider Electric, Nortek Air Solutions, LLC, Hitachi
Latest research on Data Center Cooling Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Data Center Cooling market. this report included a special section on the Impact of COVID19. Also, Data Center Cooling Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Data Center Cooling industry.The data center cooling market was valued at USD 9.52 billion in 2020 and expected to reach USD 19.51 billion by 2026 and grow at a CAGR of 12.5% over the forecast period (2021 - 2026).
The Data Center Cooling market is highly competitive and consists of a number of major players. Top Companies like Emerson Electric Co., Coolcentric, Schneider Electric, Nortek Air Solutions, LLC, Hitachi, Ltd., Air Enterprises, Vertiv, Black Box Corporation, Rittal Gmbh & Co. Kg, Stulz Gmbh, Asetek, Netmagic Solutions, Fujitsu Limited
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Industry News And Developments:
- June 2020 - Asetek announced a collaboration with Hewlett Packard Enterprise (HPE) to deliver its premium data center liquid cooling solutions in HPE Apollo Systems, which are high-performing and density-optimized to target high-performance computing (HPC) and Artificial Intelligence (AI) needs. The integration enables the deployment of high wattage processors in high-density configurations to support compute-intense workloads.
- May 2020 - EcoData Center in Falun, the world's first climate-positive data center deployed a new method for liquid-based cooling, developed in a collaboration between Schneider Electric, Iceotope and Avnet. The plant in Falun is entirely powered by renewable energy sources attributable to the integration with Falu Energi & Vatten all waste heat is led back to the heating plant. To further reduce energy consumption, a completely new, chassis-based liquid cooling method is now being installed. The method has been developed in a collaboration between the energy specialist Schneider Electric, the cooling technology company Iceotope and the consulting company Avnet, which works with technical integration. Implementation is estimated to reduce energy consumption for rack cooling by up to 90 %and for the entire data center by about 14%.
Scope of the Report
- Development in IT Infrastructure in emerging countries is driving the market. The increasing construction of hyperscale facilities with a power capacity of over 50 MW will fuel the need for innovative infrastructure in the market over the next few years globally in developed countries. According to the National Association of Software and Services Companies (NASSCOM), IT exports from India may exceed USD 330 billion by 2019-20. This accounts for nearly 14% of the projected worldwide spend if India maintains its current share of the global offshore IT market.
Key Market Trends
Information Technology Industry to Witness Highest Growth
- The IT industry needs on-premise private data storage centers and hyperscale data centers for its operations according to the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth in SaaS providers, which is enabling cloud storage providers to expand their capacities and is expected to increase the demand for data center cooling systems.
- Cloud storage providers, like Microsoft, AWS, and Google, are expanding their storage capabilities to offer more efficient work-flow on the cloud. These companies are making investments in hyperscale deals. In May 2018, Google announced that it was adopting liquid cooling systems for AI data crunching, as the heat generated its new tensor processing units (TPUs) exceeded the limits of its previous data center cooling solutions.
Asia-Pacific to Register a Significant Growth
- Asia-Pacific to witness high market growth in the future. China is one of the major markets for data center cooling solutions, owing to the exponential growth in the number of data centers in the country, along with the government’s policies to support more energy-efficient infrastructure in the country.
- According to the report on Energy Consumption of Data Centers in China, the current numbers of small- and medium-sized data centers in China exceeded 400,000, and the annual total power demand reached 100 billion kWh, i.e., around 250,000 kWh for each data center, annually. Also, the rising trend of data localization in the country may further promote the development of data centers.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Data Center Cooling Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2016 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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