How the dynamics of Data Center Cooling market have changed?

Data Center Cooling Market Snapshot:

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.

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. For instance, spending on cloud computing has grown at a rate of 4.5 times the rate of IT spending since 2009 and is estimated to grow at better than 6 times the rate of IT spending from 2015 through 2020 (Source: Forbes). The below figure represents the growth of the public cloud computing market from 2008 to 2020.

This can mainly be attributed to the increasing adoption of mobile devices, cloud computing, and the 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.

This linear growth in cloud technology accelerates the demand for data centers,  ultimately fueling the need for effective cooling solutions.

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 to 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.

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. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2026. Every organization partaking within the global production of the Data Center Cooling market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

With a 40% share, North America dominated the global data center cooling market in 2016 and the region is projected to remain dominant with a CAGR of 10.94% during the forecast period, 2019–2026. The region’s growth can primarily be attributed to the noteworthy presence of colocation service providers such as Equinix, AT&T, and others in countries such as the U.S. and Canada. Moreover, increasing data center leasing activities in Northern Virginia and growing demand from a large number of cloud users are expected to propel market growth. Apart from this, the gradually shifting workload towards hosting companies that offer colocation, cloud, and other services is expected to shape the Canada data center cooling market.

The solution segment is further segmented into the chilling unit, air conditioner, cooling tower, control system, economizer, liquid cooling system, and others. The service segment is further segmented into installation and deployment, maintenance and support, and consulting. The liquid-based cooling sub-segment is expected to register rapid growth at a CAGR of 10.96% during the forecast period, 2019–2026. Current financial service workloads are necessitating high-performance CPUs and GPUs, which in turn have increased power consumption and, at the same time, lead to excessive heat generation; thus, data center managers are seeking effective alternatives such as air-based cooling.

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The Major Prominent 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.

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 & More.

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.

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Key Questions Answered in The Report:
What will the Data Center Cooling market growth rate?
What are the key factors driving the global Data Center Cooling market?
Who are the key manufacturers in the Data Center Cooling market space?
What are the market opportunities, market risk, and market overview of the Data Center Cooling market?
What are sales, revenue, and price analysis of top manufacturers of the Data Center Cooling market?
Who are the distributors, traders, and dealers of the Data Center Cooling market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Data Center Cooling Industry?
What are sales, revenue, and price analysis by regions of Data Center Cooling industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Data Center Cooling Market Trends:
- The report identifies, determines, and forecasts the Global Data Center Cooling Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Data Center Cooling Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Data Center Cooling Market.

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

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