Data Center Cooling Market Size Will Hit Big Revenues In Future | American Power Conversion Corporation, Emerson Network Power, Coolcentric

A data center cooling market provides HVAC control systems for the various electronic equipments in a data center, which work best in cold weather conditions. The global HVAC market is expected to grow at a CAGR of 18.5% by 2015 with sales of 144.3 million units.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The data center cooling is a significant part of the HVAC market and it is expected to grow at a respectable rate. Data centers services are being hired across industry verticals to manage all the important information pertaining to the business. It is estimated that air conditioning and temperature controls accounts for around 45% of the total power consumption cost of a data center. Efficient cooling increases the operational efficiency of data centers, which is the key driving factor for the market.

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However, for implementation of an efficient cooling system in a data center, uninterrupted power is required. Uninterrupted power supply is available only in the developed nations except for disruptions due to natural calamities. Developing nations are not able to meet the basic power requirements. Therefore, this factor acts as a major restraint for the growth of data center cooling, especially in developing countries. Another major challenge for the market is to work efficiently in extreme weather conditions. For example, the extreme snowfall in U.S. this year has led to inefficiency in data center cooling. Companies have to take measures to overcome these challenges.

Some of the key players profiled in this report are American Power Conversion Corporation, Emerson Network Power, Coolcentric, Hitachi, IBM, Fujitsu, HP, Intel, Stulz and Rittal.

KEY BENEFITS

This report is segmented on the basis of solutions, services and geographies and it provides market intelligence so that companies can understand the trends in each segment and make precise decisions regarding investments
The report evaluates and ranks the drivers, restraints and opportunities of the market according to their impact on the current market situations and projected future trends
Value chain analysis offers insights into the role of various stakeholders of the market
Porter's five forces analysis discusses the potency of buyers & suppliers and the threat of substitutes and new entrants
SWOT analysis and strategic developments are included in the report for key players so that companies can understand the competitive landscape of the market
Market estimations are calculated as per the prevailing market conditions and expected market trends for the period of 2013-2020 with 2012 as historic revenue
Geographic analysis provides insights for companies to develop strategies according to trends in specific regions

KEY MARKET SEGMENTS ANALYZED

GLOBAL MARKET, BY SOLUTIONS

Air conditioning
Chillers
Cooling towers
Rack/ server cooling
Economizer
Management solutions

GLOBAL MARKET, BY SERVICES

System Integration
Professional services
Monitoring services

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GLOBAL MARKET, BY VERTICALS

Telecom and IT
Oil and Gas
Banking Financial and Insurance
Healthcare
Government Organizations
Others

GLOBAL MARKET, BY USER TYPE

Cloud Providers
Colocation Providers
Enterprises

GLOBAL MARKET, BY GEOGRAPHY

North America
Europe
Asia-Pacific
RoW

KEY AUDIENCES

Cooling solution providers
Service providers such as system integrators and monitoring services
Enterprises using cooling systems in their data center
Data center service providers
Research organizations

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This release was published on openPR.