Market
Highlights
As per the recent research, the global data
center cooling market size is estimated to grow at a significant CAGR of
10.31% with market size of USD 24.86 billion during the forecast period
2020-2030.
Datacenter cooling is highly demanded by the data center operators
for its beneficial features like energy-efficient, eco-friendly, and
cost-effective nature. Owing to the rise in usage of 4G LTE networks, there is
a rise in the number of data centers which further leads to a rise in demand
for data center cooling solutions that reduces the overall IT cost for data
centers. In data centers to maintain the temperature within a permissible
limit, the cooling solutions are used by the data center operators. To process
the huge chunks of data, there is a requirement of data centers working
efficiently 24/7. During the data processing, there is a requirement for
cooling the equipment to prevent damage due to overheating. Air-based and
water-based are two types of cooling systems.
Rising public pressure, environmentalists, and government agencies
for taking the initiatives of preserving the environment leads to adopting the
eco-friendly solutions by most of the companies, accelerating the growth of the
market. Growing awareness for green data, efficiency improvement in data
centers, and rising construction of data centers in the Asia-Pacific are
boosting the market growth.
The
data center cooling market opportunities are increasing humidity control, high
airflow, remote monitoring, troubleshooting, improvement in air filtration,
high-temperature control, and instant accuracy in temperature control.
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Segmentation:
The data center cooling market is analyzed into four segments
based on the components, cooling type, service, and organization.
Component Segmentation: The data center cooling market components
are trifurcated into chillers, economizers, and server cooling.
Cooling Type Segmentation: Based on the cooling type, the data
center cooling market is bifurcated into liquid and air.
Organization Segmentation: By organization, the data center
cooling market is sectioned into SMEs, Vertical, Large Enterprises, BFSI, and
energy.
Service Segmentation: The data
center cooling market is partitioned into two forms
professional service and managed service.
Regional Analysis
By the latest report, the global data center cooling market based
on the region is divided into four major regions such as North America, Europe,
Asia-Pacific, and the Rest of the world. Among them, North America is holding
the highest market share as the primary source of revenue comes from Texas and
Virginia states. The usage of economizer or evaporative cooling systems is
increased during the peak winter and summer which is fueling the market growth
in this region. Asia-Pacific is expected to be the fastest-growing region due
to the rising use of IoT in consumer electronics and smartphones.
The data center cooling market’s key competitors are The
Mitsubishi Group (Japan), Hitachi, Ltd (Japan), Degree controls (U.S), Fujitsu,
Ltd. (Japan), HP Development Company, L.P.(U.S), and others.
Industry News
According
to the latest updates, the global data center cooling market forecast states
that this service is expected to grow at a significant rate due to the rising
investment in R&D, collaboration, product launches, mergers, and
acquisition. Vertiv VRC-S, a rack cooling system with integrated equipment
related to infrastructure support.
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