Data Center Cooling Market Size To Expand at a Notable CAGR Of 14% During 2018 - 2023

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Data Center Cooling Market.

Overview:
The data center cooling market is enjoying the bliss of the pervasive ways data centers have adopted to secure industrial preference across verticals. Data center cooling is comprised of apparatus, systems, and process that ensures ideal temperature inside any data center strongholds. Enough cooling and ventilation can guarantee optimal workflow of the data centers. At the same time, increasing computing capabilities has resulted in a power density which can again hinder the normal work process. This requires proper cooling. In addition, the percolation of big data and daunting data traffic are pushing the need for data center cooling market. The global data center cooling market can go past a valuation of USD 17 billion during the forecast period (2018-2023) with an impressive 14% CAGR. Market Research Future (MRFR) extensively covered areas such as segments and drivers, before bringing in expert inputs to provide a holistic view of the market. Among the factors, data center’s emergence as the choicest option for many industries and its likewise integration can be considered substantial.

Despite such impacts, data center cooling market can witness some leashing owing to its adverse environmental impact. The system consumes almost 30%-50% power of the entire setup. However, a search for a sustainable and profitable cooling solution can steer the market away from any long-time plummet.

Segmentation:
The global data center cooling market can be segmented by component, cooling type, service type, organization size, and verticals.

Component-wise, the data center cooling market can be segmented into precision air conditioning, server cooling, chillers, economizer, air handling units, and others.

Based on the cooling type, the data center cooling market comprises liquid and air.

Based on the service type, the data center cooling market includes professional services and managed services.

By organization size, the data center cooling market can be segmented into small & medium (SMEs) enterprises and large enterprises.

Verticals-wise, the data center cooling market consists IT & telecommunication, healthcare, BFSI, energy, government, and others.

Regional Analysis

Geographic analysis of the data center cooling market includes namely North America, Europe, Asia-Pacific, and the Rest-of-the-World (RoW).

North America has complete dominance over the data center cooling market. Superior technology, robust infrastructure, and the presence of the market titans are influencing the regional market substantially. At the same time, research & development sector is showing considerable interest which is driving the regional market ahead.

The APAC can register the fastest CAGR during the forecast period, and it can be attributed to the increased number of smartphone users and IoT-based technologies. Wearable devices are also getting much traction which can substantially promote the regional data center cooling market. The region also has the presence of consumer electronics device manufacturers, BFSI, infrastructure development which can trigger the market growth. Japan, China, and India are evolving as the host of large manufacturing hubs which are involved in the construction of data centers. This can prove well for the regional data center cooling market.

Competitive Analysis:
Players impacting the data center cooling market are Hitachi, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Fujitsu, Ltd. (Japan), Rittal GmbH & Co. KG (Germany), 4energy (UK), 3M (the U.S.), Degree Controls (the U.S.), Wakefield-Vette, Inc. (the U.S.), Vertiv Co. (the U.S.), IT Aire, Inc. (the U.S.), Cloudsite Intelligent Data Centers (the U.S.), HP Development Company, L.P. (the U.S.), The Heico Companies LLC (the U.S.), and others.

Google’s environment-friendly data center uses seawater to cool the system in Hamina, Finland. By negating the use of carbon in the cooling system, Google uses seawater to cool the mechanism. Facebook does the same by capturing rainwater to cool their system.

Data center smart assistant and AI technology can help much in data center cooling market. Data center cooling systems, most of the time, integrate 75% more electricity than needed. A smart assistant like AdeptDC can save costs by informing data center manager at the right time about power usage.