Press release
Data Center Cooling Market worth $15.7 billion by 2025 | Key players Asetek, STULZ GmbH, Coolcentric, AdaptivCOOL, Schneider Electric SE.
Data Center Cooling Market, Data Center Cooling, Data Center Market, Cooling Market, APAC Data Center Cooling Market, Europe Data
Browse 153 market data Tables and 36 Figures spread through 193 Pages and in-depth TOC on "Data Center Cooling Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/data-center-cooling-solutions-market-1038.html
By component, the solution segment of the data center cooling market is estimated to dominate the global data center cooling market. The energy-efficient data center air cooling solutions, as well as liquid cooling solutions that have lower carbon footprints, are witnessing a growth in demand across all industries due to their cost effectiveness and efficient performance.
By solution, air conditioning segment is projected to lead the global data center cooling market, during the forecast period. The dominance of the air conditioning segment is due to factors such as low installation costs and ease of maintenance. These air conditioning units are widely used in data center facilities with moderate cooling requirements. They provide precision air conditioning and maintain the equipment at ideal operating temperatures.
By services, instalment & deployment services segment is projected to dominate the global data center cooling market, during the forecast period. The installation & deployment services can be used by small and medium enterprises (SMEs) as well as large organizations to assist them in the deployment of energy-efficient data center cooling in a cost-effective manner. They also act as a one-stop-shop for hassle-free deployments with minimum downtime. These services are increasingly being used by organizations worldwide.
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By industry, IT & telecom segment is projected to dominate the global data center cooling market, during the forecast period. The IT & telecom industry is increasingly adopting advanced technologies, such as blade servers and 5G, to cater to the growing computational requirements. This segment has been witnessing increases in the energy requirement creating growth opportunities for efficient cooling solution providers in the data center market.
North America is projected to lead the data center cooling during the forecast period. Factors like presence of large companies, such as Facebook, Google, Amazon, Microsoft, and Twitter, in this region, along with increasing pressure from federal authorities on installing energy-efficient solutions for data centers are estimated to drive the data center cooling market in North American region.
Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (US), AdaptivCOOL (US), Airedale International (UK), Rittal GmbH & Co. KG (Germany), Nortek Air Solutions, LLC (US), Schneider Electric SE (France), Vertiv Holdings Co. (US), Black Box Corporation (US), and Munters Group AB (Sweden) are the key players in data center cooling market.
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Vertiv Holdings Co. is the leading player in the global data center cooling market and is estimated to have the highest share in the market. In October 2020, Vertiv Holdings Co. entered collaboration with Honeywell to develop sustainable and efficient data center operations. Under this collaboration, both the companies will focus on helping the operators of hyperscale, large enterprise, co-location, and edge data centers to integrate multiple domains of data within a data center. The companies will also focus on optimizing operations by reducing energy use and costs in data centers.
In September 2020, Schneider Electric SE launched a new IT solution, Edge in a Box, in collaboration with Alliance Partners StorMagic and Hewlett Packard Enterprise (HPE). The Edge in a Box is available globally and is a joint solution that utilizes Schneider Electric's 6U Wall Mount EcoStruxure Micro Data Center, StorMagic's SvSAN software, and HPE's ProLiant Servers to deliver simplified, pre-integrated and cost-effective IT systems specifically designed for edge computing environments. This product launch is expected to strengthen the market presence of Schneider Electric SE in Micro Data Centers.
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