Market Research Future published a research report on “Data Center Cooling Industry Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Research Future (MRFR) claims that the global Data Center Cooling Industry has the potential to rise by 14% CAGR during the forecast period (2018-2023). The surging demand for data centers is anticipated to favor the market growth in the coming years. Data center cooling can be described as the collective operation of apparatus, components, systems, and processes which ensures a perfect working temperature inside a data center facility. The data centers refrain from performing properly in the absence of a suitable cooling system which further results in the failure of the system. Proper data center cooling ensures that the data centers are offered with sufficient ventilation and cooling in order to keep all the hardware equipment within the desired range of temperature.
Market Potential and Pitfalls
The Data Center Cooling Industry is expecting sturdy growth during the review period due to the surging demand for data centers. The market is witnessing an outstanding growth owing to the improved efficiency in the data centers, rising construction of data centers in the Asia Pacific region, and growing awareness regarding green data centers among the organizations. The growth in the construction of data centers has also triggered the demand for cooling solutions. The surging adoption of big data and cloud computing is considered another growth factor of the market. The key benefits of data center precision air conditioning like instant and accurate temperature control, high loading capacity, improved air filtration, enhanced humidity control, remote monitoring/troubleshooting, and high airflow are further contributing to the growth of the market.
On the contrary, the high set-up cost coupled with the high-power consumption during the operation are the top barriers considered to slow down the market growth during the review period.
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The Prominent players in the Data Center Cooling Industry are- Fujitsu, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), 4energy (U.K.), 3M (U.S.), Degree Controls (U.S.), Wakefield-Vette, Inc. (U.S.), HP Development Company, L.P. (U.S.), The Heico Companies LLC (U.S.), , Vertiv Co. (U.S.), IT Aire , Inc. (U.S.), Cloudsite Intelligent Data Centers (U.S.) among others.
Data Center Cooling Market - Segmentation
- Based on component, the market is segmented into precision air conditioning, server cooling, chillers, economizer, and air handling units.
- Based on cooling type, the market is segmented into air cooling and liquid cooling.
- Based on service, the market is segmented into professional service and managed service.
- Based on end user, the market is segmented into Small & Medium scale enterprises (SME’s) and large enterprises.
- Based of vertical, the market is segmented into IT & Telecommunication, healthcare, BFSI, energy, government, and others.
- Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World
Data Center Cooling Market - Regional Analysis
The regional analysis of power over ethenet is being studied for region such as Asia-Pacific, North America, Europe and rest of the world.
Asia-Pacific is expected to grow rapidly during forecast period. IT and telecommunication drive the data center cooling market in Asia-Pacific region. smartphones and IoT based consumer electronics increases the growth of data center cooling market. Large manufacturing sectors present in Japan, China, and India are installing the data center, that leads to drive the data center cooling market.
North America region is expected to dominate in the data center cooling market during forecast period. Presence of global players in North America gives a competitive advantage over all the regions. Substantial interest in R&D from private sector towards the improvement of data center cooling is key factor that drive the market growth.
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LIST OF TABLES
LIST OF FIGURES
FIGURE 1 Global Data Center Cooling Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Data Center Cooling Market
FIGURE 4 Value Chain Of Global Data Center Cooling Market
FIGURE 5 Share Of Data Center Cooling Market In 2018, By Country (In %)
FIGURE 6 Global Data Center Cooling Market, 2018–2023,
FIGURE 7 Global Data Center Cooling Market Size, By Component, 2018–2023
FIGURE 8 Share Of Global Data Center Cooling Market, By Component, 2018–2023
FIGURE 9 Global Data Center Cooling Market Size, By Cooling Type, 2018
FIGURE 10 Share Of Global Data Center Cooling Market, By Cooling Type, 2018–2023
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