ID: MRFR/ICT/1381-HCR | February 2021 | Region: Global | 110 pages
Data Center Cooling Market Synopsis:
Data center cooling rmarket efers to the collective operation of components, apparatus, systems, and process that ensures an ideal working temperature inside a data center facility. In the absence of a suitable cooling system, data centers refrain to function properly and can lead to system failure. Proper data center cooling guarantees that the data centers are provided with enough cooling and ventilation, important to keep all the equipment and hardware within the desired temperature range. A rise in the demand for data centers is estimated to drive the growth of the data center cooling market over the forecast period.
Recently, the growing development in computing abilities has expanded power densities in data centers which has resulted in the requirement for proficient and effective data center cooling solutions. These solutions provide an adequate ambient temperature in data centers, ensuring efficient working of IT systems. Huge amount of data traffic and the development of big data has additionally expanded the significance of secure data centers, as high data traffic increases the utilization of server and equipment that increases the temperature in the data center facility. Therefore, to maintain the temperature of the data centers, the adoption of the data center cooling solutions is increasing at a global level.
There are several factors driving the global data center cooling market such as improving efficiency in data centers, rising awareness regarding green data centers among organizations and increasing data center construction in the Asia-Pacific region. As there is a rise in the construction of data centers globally, the demand for cooling solutions is also gaining pace.
The growing adoption of cloud computing and big data, among various organiztions is also supporting the market for data center cooling solutions. Data center precision air conditioning market is growing due to its key benefits such as high loading capacity, accurate and instant temperature control, improved air filtration, remote monitoring/troubleshooting, enhanced humidity control, and high air flow. However, factors that hinder the growth of data center cooling market are high setup cost and high power consumption during operation.
Data Center Cooling Market Regional Analysis:
The global market for the data center cooling is estimated to grow at a significant rate during the forecast period from 2019 to 2026. The geographical analysis of data center cooling market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is the dominating region in the data center cooling market. Advancement in technology and presence of players in this region is supporting the growth of the data center cooling market. Substantial interest in R&D from private sector towards the improvement of data center cooling is a key factor that drives the market growth.
Asia-Pacific is expected to be the fastest growing market in the global data center cooling market due to increased ownership of smartphones and IoT based consumer electronics in the region. Similarly, the rising demand for wearable devices in countries such as China, Japan, South Korea, and India is one of the factors that influence the generation of a large amount of data to store and process, thus the requirement of the data center is increasing, driving the data center cooling market. Additionally, the presence of consumer electronics device manufacturers, BFSI, infrastructure development in the region is also expected to drive the market. Asia-Pacific is expected to be the fastest growing market during the forecast period. Large manufacturing hubs present in Japan, China, and India are involved in the construction of data centers, that is likely to influence the data center cooling market positively in the forecast period.
Data Center Cooling Market Size, (USD Billion):
Source: MRFR Analysis
Data Center Cooling Market Key Players:
The Prominent players in the market of data center cooling 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 (UK), 3M (US), Degree Controls (US), Wakefield-Vette, Inc. (US), HP Development Company, L.P. (US), The Heico Companies LLC (US), Vertiv Co. (US), IT Aire, Inc. (US), Cloudsite Intelligent Data Centers (US) among others.
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Components, Cooling Type, Service, Organization Size and Vertical|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Fujitsu, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), 4energy (UK), 3M (US), Degree Controls (US), Wakefield-Vette, Inc. (US), HP Development Company, L.P. (US), The Heico Companies LLC (US), Vertiv Co. (US), IT Aire, Inc. (US), Cloudsite Intelligent Data Centers (US)|
|Key Market Opportunities||rise in the construction of data centers globally, the demand for cooling solutions is also gaining pace|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Rising demand for optimum efficiency of datacenters is projected to drive market growth.
The data center cooling market is anticipated to register 14% CAGR over the review period.
The data center cooling market is poised to accrue a valuation of USD 17 Bn by 2023.
Asia Pacific is poised to register the fastest growth in the global data center cooling market.
By cooling type, liquid and air are the segments of the data center cooling market.