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Data Center Cooling Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 |Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Fujitsu Limited, ABB Group, Hewlett Packard Enterprise Company, Daikin Industries Ltd
Data Center Cooling Market Trends
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Eco-Friendly Solutions In The Data Center Market
Green initiatives for eco-friendly data center solutions are driving the growth of the data center cooling market. Data centers consume a lot of energy and hence are responding and are beginning to emerge as potent change agents, contributing significantly to the reduction of environmental impact. They're becoming more aware and strategic about how they run their facilities, from the energy they buy to how they cool the data center and everything in between. Commitments to novel green and renewable solutions, such as green electricity, water reclamation, zero water cooling systems, recycling, and waste management, are being used to build the most sustainable data centers. They don't have any outdated methods (such as fixed or underutilized servers) and make use of newer, more efficient technologies. According to Science Direct, the data center energy use might account for 2.13% of worldwide electricity supply by 2030. Moreover, in 2021, Microsoft implemented this technology in its Azure datacenters. A Microsoft Azure, eco-friendly data center is a one-of-a-kind physical structure with its power, cooling, and networking infrastructure that houses thousands of physical servers. Therefore, green initiatives for eco-friendly data center solutions are driving the data center cooling market growth.
Innovative Data Center Immersion Cooling Fluids For Enhanced Efficiency And Reduced Total Cost Of Ownership
Major companies operating in the data center cooling market are launching new products such as immersion cooling fluids to increase their profitability in the market. Immersion cooling fluids, also known as coolants or dielectric fluids, in data center cooling refer to specialized liquids used in immersion cooling systems to absorb and dissipate heat generated by electronic components, such as servers and other IT hardware. For instance, in October 2023, ExxonMobil Corporation, a US-based natural gas company launched data center immersion cooling fluids. ExxonMobil's data center cooling fluids, designed for energy efficiency and performance, offer a diverse portfolio of synthetic and non-synthetic options with varying thermal capacities. Tailored to lower viscosity for efficient heat removal, these fluids ensure compatibility with diverse materials, supporting long equipment life. The immersion cooling fluids is essential for liquid cooling in data centers, aims to enhance energy efficiency, reduce water consumption, and increase rack density, contributing to a claimed up to 40% reduction in the total cost of ownership for IT equipment.
The data center cooling market covered in this report is segmented -
1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-sized Data Centers
2) By Cooling Technology: Rack/Row-Based, Room-Based
3) By Component: Solution, Service
4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries
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Major companies operating in the data center cooling market report are Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Fujitsu Limited, ABB Group, Hewlett Packard Enterprise Company, Daikin Industries Ltd., Johnson Controls International plc, Eaton Corporation, Emerson Electric Co., Trane Technologies plc, Climaveneta Climate Technologies S.p.A., Vertiv Group Corporation, Alfa Laval AB, Rittal GmbH & Co. KG, Ebullient Inc., Munters Group AB, Black Box Corporation, Nortek Air Solutions LLC, Coolcentric Inc., Airedale International Air Conditioning Limited, Asetek Inc., Usystems Inc., Midas Green Technologies Inc., Liquid Cool Solutions LLC, Green Revolution Cooling Inc., Submer Technologies Inc., Delta Power Solutions, Adaptivcool Ltd., Interxion Holding NV
Contents of the report:
1. Executive Summary
2. Data Center Cooling Market Report Structure
3. Data Center Cooling Market Trends And Strategies
4. Data Center Cooling Market - Macro Economic Scenario
5. Data Center Cooling Market Size And Growth
…..
27. Data Center Cooling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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