Data Center Cooling Market 2019 Key Factors and Emerging Opportunities with Current Trends Analysis 2026 | StraitsResearch

The global data center cooling market was valued at USD 9.59 billion in 2017 and is expected to grow at a CAGR of 10.70% during the forecast period, 2019–2026. This can mainly be attributed to the increasing adoption of mobile devices, cloud computing, and internet of things, among others, which have significantly transformed application building, deployment, and utilization processes. Most current IT models are failing to maintain such big packaged applications, which is propelling the need for infrastructural transformation and subsequently, driving the adoption of data centers.

The increasing number of data centers on account of the rising demand for cloud-based services is expected to drive the global data center cooling market growth during the forecast period, 2019–2026. The rapid increase in the number of mobile phone and social media users has resulted in the generation of a massive amount of data, which in turn has compelled organizations to invest more efficient infrastructure such as data centers and cloud technology. In September 2018, Facebook announced its decision of investing about USD 1 billion to open a first data center in Singapore.

Growing adoption of cloud technology in the Middle East and Africa is expected to drive the growth of the data center cooling market during the forecast period, 2019–2026. According to Cisco’s Cloud Index, by 2019, MEA cloud traffic is expected to witness the highest growth rate of 41%. Expansion strategies such as IT/Telco partnership are also expected to play a significant role in driving market growth. Equinix has partnered with the Emirates Integrated Telecommunication, which includes a data center in the UAE Emirate of Dubai. This data center is utilized to run as a colocation site for carriers, content providers, financial enterprise and others.

Certain strategies adopted by companies in order to stay ahead in cloud computing technology are further expected to fuel market growth. For instance, in October 2018, OVH, a French cloud computing-based company announced plans increase investments in cloud computing technology with an aim to take on U.S. internet giants such as Amazon, Google, and others. The company is expected to invest between USD 4.6 and USD 8.1 billion over the next five years.

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The Major Players Covered in this Report: Schneider Electric Se., Black Box Corporation, Nortek Air Solutions, LLC, Airedale International Air Conditioning Ltd, Rittal GmbH & Co. Kg, Stulz GmbH, Vertiv Co., Asetek, Adaptivcool, and Coolcentric., & More...

By Component, o Solution, Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling system, Others, o Service, Installation and Deployment, Maintenance and Support, Consulting
By Technique, Rack/Row, Room
By Application, IT and Telecom, BFSI, Retail, Energy and Utility, Colocation, Healthcare, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Data Center Cooling in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Data Center Cooling market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Data Center Cooling and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Data Center Cooling. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Recent Developments:
In May 2018, Google announced the Shift To liquid Cooling System integrated with advanced hardware for artificial intelligence as the heat generated by its new Tensor Processing Units (TPUs) exceeded the limits of its previous data center cooling solutions. The adoption of liquid cooling at an increased scale is indicating the rise of hyperscale data centers.

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Why Buy This Report?
The report covers some additional points within the scope:

Market Share Analysis of Top Companies and Competitive Landscape
Potential Venture Avenue
Porters Five Force Analysis

Key Questions Answered in the Report:
What is the current scenario of the Global Data Center Cooling market? How is the market going to prosper throughout the forecast period?
What are the emerging technologies and related tools that are going to profit the market?
What is the current size of the Global Data Center Cooling Market?
Which segments are the fastest growing and the largest in the market? What is their market potential?
What are the driving factors contributing to market growth during the short, medium, and long term?

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