Data Center Cooling Market Future of Market Size Unlocking New Business Growth Opportunities | Coolcentric, Hitachi, IBM, Fujitsu

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. 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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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

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.

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.

Key highlights of the report include

Market Size and Growth Analysis:

Detailed examination of the market size and growth trajectory during the forecast period.
In-depth insights into the factors driving market expansion and the challenges restraining growth.
Accurate revenue projections and trends shaping the market landscape.

Strategic Analysis:

Identification of key drivers influencing market growth and strategic recommendations to leverage emerging opportunities.
Exploration of market trends and future prospects to aid in informed decision-making.
Strategies for market players to capitalize on growth areas and navigate challenges effectively.

Competitive Landscape Evaluation:

Comprehensive profiles of industry leaders, offering a thorough understanding of their market presence and influence.
Analysis of market share held by key companies and their impact on the overall market dynamics.
Assessment of the product portfolios of major players, highlighting key offerings and innovations.

Recent Developments and Innovations:

Coverage of the latest advancements and innovations within the industry.
Insightful examination of recent developments by key market players, including product launches, partnerships, and acquisitions.
Evaluation of the impact of these developments on the overall market landscape.

Competitive Strategies:

Examination of the competitive strategies employed by leading companies to gain a competitive edge.
Analysis of successful tactics utilized in the market, providing valuable insights for other players.
Benchmarking of competitive strategies to help businesses formulate effective plans for sustainable growth

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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

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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