The
global data center cooling market is expected to reach
USD 17.78 billion by 2024, according to a new study by Grand View Research,
Inc. The rise in the number of data centers on account of the surge in demand
for cooling solutions across the IT & telecom, retail, BFSI, healthcare,
and energy sectors is the key factor expected to catapult the data center
cooling market. Big data and cloud computing proliferation are also projected
to impact the industry demand positively over the forecast period.
The
emergence of new data centers has played a pivotal role in driving the demand
for cooling solutions. Further, the need for efficient solutions is of
paramount importance to ensure proper server functioning and to eliminate
system downtime. High data volume combined with the rise in the number of
enterprises moving towards cloud computing is also expected to impel market
growth over the forecast period. Technological advancements and the development
of energy-efficient systems are rising as traditional cooling systems incur
high operational costs owing to the increased power consumption.
Full
Research Report On Global Data Center Cooling Market Analysis:
http://www.grandviewresearch.com/industry-analysis/data-center-cooling-market
http://www.grandviewresearch.com/industry-analysis/data-center-cooling-market
Further
key findings from the report suggest:
- In 2015, precision air
conditioners accounted for over 20% of the overall data center cooling
market. These products offer benefits including continuous operation,
precise humidity control and better air distribution while
automatically controlling individual AC loads for efficient cooling.
- The continuous operation
of chillers is vital to the functioning of data centers due to the
extensive heat produced by many servers functioning close to one another.
The segment captured over 10% of the market in 2015; however, chillers
consume more energy than other products and are expected to witness a
moderate growth over the forecast period.
- The telecom segment
accounted for over 20% of the overall revenue share. The telecom providers
are expected to invest heavily over the next eight years due to a rise in
the number of Internet subscribers and the growing need for wireless
communication. The telecom growth is primarily data-driven, which
subsequently will instigate the demand for the data center infrastructure
development.
- The rise in the data
center densities is a primary factor expected to drive the need for
efficient cooling technologies. The North American market captured over
35% of the overall revenue in 2015; however, over the forecast period, the
region is anticipated to witness a moderate growth in comparison to the
other regions. Asia Pacific led by Southeast Asian countries is projected
to witness a robust growth on account of the growing data center
infrastructure.
- The industry is
consolidated in nature with the presence of few big players including
Asetek, KyotoCooling, Climaveneta (Mitsubishi Electric), Air Enterprises,
Rittal GmbH & Co. KG, and Schneider Electric. The cooling solution
providers primarily focus on a strategic alliance with local cooling product
providers as a part of their marketing strategy.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has segmented the global data center cooling market
on the basis of product, application, and region:
Data
Center Cooling Product Outlook (Revenue, USD Million, 2013 - 2024)
- Air
conditioners
- Precision
air conditioners
- Chillers
- Air
handling units
Data
Center Cooling Application Outlook (Revenue, USD Million, 2013 - 2024)
- Telecom
& IT
- Retail
- Healthcare
- BFSI
- Energy
- Others
Data
Center Cooling Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Nordic
Countries
- Asia
Pacific
- China
- India
- Japan
- Southeast
Asia
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-data-center-cooling-market
http://www.grandviewresearch.com/press-release/global-data-center-cooling-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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