Data Center Cooling Market - US$20 Billion Revenue by 2024

Data Center Cooling Market - US$20 Billion Revenue by 2024

Major industry players in the global data center cooling market include Black Box Corporation, Schneider Electric Se, Airedale International Air Conditioning Ltd, Stulz GmbH, Rittal GmbH & Co. KG, Vertiv Co., Asetek, and Coolcentric.

SELBYVILLE, Del.Jan. 22, 2018 /PRNewswire-iReach/ -- Data Center Cooling Market share will surpass USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. Increase in the power consumption levels and the need to enhance the overall efficiency is expected to fuel the data center cooling market demand over the forecast timeline. Data centers necessitate a cool environment to eliminate the recirculation of heat, as the excessive heat generated from the equipment can cause interrupted flow of information, data loss or may even damage the systems. Implementation of hot and cold aisles, installation of blanking panels and usage of close-coupled cooling are among the factors to improve the overall efficiency and provide energy efficient solutions.
The increasing need to offer systems with high efficiency which do not need high energy consumption will drive the data center cooling market in the next seven years. The green data centers are gaining traction in the industry due to the need for energy efficient cooling systems as they utilize renewable sources of energy. There is an inclination towards the adoption of containerized data centers and construction of modular data centers have increased to deliver high efficiency. They also help in reducing the energy consumption and carbon emission levels, thereby fueling the data center cooling market demand. These data centers are anticipated to witness growth in the enterprises because of their effectiveness, and their ability to adapt to variations in humidity and temperatures.
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Concerns related to the high cost of these equipment and the maintenance required by them might hamper the data center cooling market growth. Factors such as emission of harmful gases and rising heat energy densities will also negatively impact the growth. In addition, the reluctance of service providers in the less tech savvy regions such as Asia Pacific to implement advanced technologies is predicted to pose a challenge to the data center cooling market growth.
Increasing adoption for liquid cooling systems due to the ability to consume less energy will fuel the data center cooling market. The rising number of racks installed in the facilities and the increasing rack power density has enabled many operators to opt for liquid cooling systems. The maintenance and support services will grow at the highest rate due to the need to execute and manage the infrastructure to ensure reliable and scalable infrastructure. The service also helps in the management of servers, virtualization hypervisors and also look after the on premise hybrid data center infrastructures.
The rack/row based technique is predicted to witness a high growth over the forecast timeline in the data center cooling market owing to the need to provide precise cooling as the airpaths are smaller. It also helps in ensuring cooling capacity and redundancy to be targeted to actual needs of specific rows. Rack/row-based technique provides advantages such as high speed, flexibility, and density with less cost. In addition, the electricity costs for a row-based are generally lower than the room-based practice as the CRAH components are closely sized and coupled with the load.
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The colocation application segment is expected to grow at a significant rate in the data center cooling market as it offers more flexibility and so that it is easy to scale up the IT environment and align the business at the same time. It also helps the service providers in focusing on their core competencies and focus less on the management of the data centers.
The data center cooling market in Asia Pacific is expected to witness significant growth owing to the flourishing financial sector in developing economies such as India. The rising requirement for cost effective and energy efficient solutions to minimize the energy consumption levels will have a positive impact on the industry in the region.
Browse key industry insights spread across 250 pages with 218 market data tables & 33 figures & charts from the report, "Data Center Cooling Market Size By Component (Solution {Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room Based), By Application (IT & Telecom, BFSI, Retail, Energy & Utility, Healthcare, Colocation), Industry Analysis Report, Regional Outlook (U.S., CanadaMexicoGermany, UK, FranceRussiaSpainChinaIndiaJapanSingaporeAustraliaBrazilColombiaChilePeruArgentinaBoliviaVenezuelaSaudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
Chapter 4.   Data Center Cooling Market, By Component
4.1.  Data center cooling market share by component, 2016 & 2024
4.2.  Solution
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Chilling unit
4.2.2.1.    Market estimates and forecasts, 2013 - 2024
4.2.3. Air conditioner
4.2.3.1.    Market estimates and forecasts, 2013 – 2024
4.2.4. Cooling tower
4.2.4.1.    Market estimates and forecasts, 2013 - 2024
4.2.5. Control system
4.2.5.1.    Market estimates and forecasts, 2013 - 2024
4.2.6. Economizer
4.2.6.1.    Market estimates and forecasts, 2013 - 2024
4.2.7. Liquid cooling system
4.2.7.1.    Market estimates and forecasts, 2013 – 2024
4.2.8. Others
4.2.8.1.    Market estimates and forecasts, 2013 - 2024
4.3.  Service
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Installation and deployment
4.3.2.1.    Market estimates and forecasts, 2013 - 2024
4.3.3. Maintenance and support
4.3.3.1.    Market estimates and forecasts, 2013 - 2024
4.3.4. Consulting
4.3.4.1.    Market estimates and forecasts, 2013 - 2024.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com
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SOURCE Global Market Insights, Inc.

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