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Worldwide Data Center Cooling Market to Reach $12.64 Billion in 2028, Huge Opportunities to Investment In - Arizton
Worldwide Data Center Cooling Market Research Report by Arizton
The report considers the present scenario of the global data center cooling market and its market dynamics for 2023-2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market.
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Key Highlights
Rise in Rack Power Density: The data center industry is experiencing a significant increase in rack power density due to the adoption of advanced technologies like artificial intelligence (AI) and machine learning (ML). This rise in power density necessitates implementing efficient cooling systems to maintain optimal temperatures.
Sustainable Cooling Solutions: Data center operators actively seek cost-effective and sustainable cooling solutions to improve energy efficiency, reduce carbon footprint, and conserve water usage. New-age technologies are being considered to achieve these goals.
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Key Trends
Rise in Rack Power Density: The data center industry is experiencing a significant increase in rack power density due to the adoption of advanced technologies like artificial intelligence (AI) and machine learning (ML). This rise in power density necessitates implementing efficient cooling systems to maintain optimal temperatures.
Sustainable Cooling Solutions: Operators actively seek cost-effective and sustainable cooling solutions to improve energy efficiency, reduce carbon footprint, and conserve water usage. New-age technologies are being considered to achieve these goals.
Reduction in Water Usage: Traditional cooling methods in data centers can lead to significant water consumption, contributing to water scarcity in certain regions. In response, data center operators are actively working to reduce their water usage and achieve water-positive status by implementing more sustainable cooling solutions in the global data center cooling market.
Advancements in AI Adoption: The global data center market is witnessing notable growth in adopting AI and ML technologies. Various countries invest in AI research and development to improve public administration, support small and medium-sized businesses, and drive innovation in various sectors.
Geographical Analysis
Regions like North America, Nordics, Western Europe, and APAC dominate the global data center cooling industry. Colocation service providers lead the data center cooling market, with Equinix, Digital Realty, CyrusOne, GDS Services, Ascenty, Vantage Data Centers, and CoreSite Realty as significant growth contributors.
The choice of cooling systems is influenced by location, with regions having abundant water resources favoring water-based cooling solutions. Hyperscale facilities are facing challenges related to high water consumption, prompting the demand for water-saving cooling systems during the forecast period.
One of the reasons operators prefer Nordics for data center developments is the region's cold climate, which helps operators cut down on cooling costs and reduce their PUE significantly.
APAC data center cooling industry is witnessing the adoption of water- and air-based cooling solutions, with water-based cooling solutions witnessing major demand in Southeast Asia due to the tropical climate.
Market Segmentation
Infrastructure: Cooling Systems and Other Mechanical Infrastructure
Cooling Systems: CRAC & CRAH Units, Chiller Units, Cooling Towers, Condensers & Dry Coolers, Economizers & Evaporative Coolers, and Other Cooling Units
Cooling Technique: Air-based Cooling Technique and Liquid-based Cooling Technique
Tier Standards: Tier I & II, Tier III, and Tier IV
Geography: North America, Latin America, Western Europe, Nordics, Central & Eastern Europe, Middle East, Africa, APAC, and Southeast Asia
Key Questions Answered in the Report:
How big is the data center cooling market worldwide?
What are the key trends in the data center cooling industry?
What is the growth rate of the global data center cooling market?
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Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/worldwide-data-center-cooling-market?details=tableOfContents
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