Press release
Data Center Cooling Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026
The Data Center Cooling Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Data Center Cooling market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Data Center Cooling market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Data Center Cooling market.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).
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Top Leading Companies of Data Center Cooling Market are - STULZ GMBH, Rittal GmbH & Co. KG, Nortek Air Solutions, Vertiv Co., Munters Group AB, Daikin Industries, Ltd., Schneider Electric S.E., Johnson Controls International plc, Asetek, Inc., Mitsubishi Electric Corporation and others.
Industry News and Updates:
- 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%.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Data Center Cooling Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Data Center Cooling Market (%),2016 - 2026
- Data Center Cooling Market Share, By Brand
- Data Center Cooling Market Share, By Company
- Data Center Cooling Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Data Center Cooling Market Value Analysis & Forecast
- Promising Data Center Cooling Development by Major Companies
- Detailed Data Center Cooling Portfolio of the Major Companies
- Major Deals in the Data Center Cooling Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591858/data-center-cooling-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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