Data Center Cooling Market Opportunities, Challenges, Strategies & Forecasts 2021
According to a new market research report ”Data Center Cooling Market by Solution (AirConditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid CoolingSystem, Control System, and Others), Service, Type of Cooling, Data CenterType, Industry, and Region - Global Forecast to 2021” , published by MarketsandMarkets™,The data center cooling market is estimated to grow from USD 7.12 Billion in2016 to USD 14.28 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of14.95%.
Data centercooling solutions can improve the overall efficiency of data centers bylowering energy and operational costs. The data center cooling market isprojected to witness decent growth due to the advantages provided by thesesolutions in cooling high-power density data center facilities.
Browse 66market data tables and 43 figures spread through 147 pages and in-depth TOC on“Data Center CoolingMarket by Solution (Air Conditioning, ChillingUnits, Cooling Towers, Economizer Systems, Liquid Cooling Systems, ControlSystems, and Others), Service, Type of Cooling, Data Center Type, Industry, andRegion - Global Forecast to 2021”
Major Key Players
The report also encompasses different strategies, such asmergers & acquisitions, partnerships & collaborations, and productdevelopments, adopted by major players to increase their share in the market.Some of the major technology vendors include Schneider Electric SE (France),Black Box Corporation (U.S.), Nortek Air Solutions, LLC (U.S.), AiredaleInternational Air Conditioning Ltd. (U.K.), Rittal GmbH & Co. KG (Germany),STULZ GmbH (Germany), Vertiv Co. (U.S.), Asetek (Denmark), AdaptivCOOL (U.S.),and Coolcentric (U.S.).
Data centers and related technologies are witnessingtremendous technological advancements. Liquid cooling and economizer-basedsystems are witnessing advancements which are also anticipated to propel thegrowth of this market. Moreover, liquid cooling technologies may be ableoperate at low servicing and maintenance costs. Liquid cooling data centers arealso seen adopting specially engineered fluids that have enhanced heatreduction capabilities in data centers. Moreover, economizers that can utilize ambient air for cooling areexpected to reduce the overall cost of operation.
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The liquid cooling solutions segment is estimated to grow atthe fastest rate in the data center cooling market during the forecastperiod. Organizations are facing anincreasing need for reliable and cool high server density data centerfacilities. Liquid cooling data center vendors can take advantage of thisrequirement by providing direct cooling solutions such as immersion coolingthat are environment friendly and harmless to electronic equipment.
Maintenance and support services provide an efficient modelfor maintaining liquid coolants in the data center cooling infrastructure.Moreover, these services are concerned with the provisioning and operation ofcontrol systems for monitoring of data center related cooling infrastructure.Maintenance and support services are expected to grow at the highest CAGRduring the forecast period. In case of liquid cooling, large organizationsincreasingly require assistance to maintain and replace the coolants usedwithin the data centers liquid cooling solutions. Vendors assist organizationsto fulfill the requirement for such services by providing enhanced offeringsthat can easily handle all types of liquid cooled infrastructure.
Mid-sized data center cooling providers are helping datacenter operators handle their data center cooling requirements efficiently. Thesegment is estimated to grow at the highest CAGR during the forecastperiod. These organizations are rapidlyadopting data center cooling solutions as they provide increased scalability,low energy consumption, and cost effective solutions. Vendors can developspecific solutions targeted towards mid-sized data centers to improve theirposition in the data center cooling market.
The government and defense industry is expected to grow atthe highest rate from 2016 to 2021, in the data center cooling market.Government and defense agencies across the globe are increasingly requiringcooling solutions for their data centers that can sustain harsh environments.Data center cooling solutions, including liquid cooling, are an effectivealternative due to which they are expected to provide new growth avenues forvendors targeting this segment.
Asia-Pacific (APAC) is estimated to grow at the highest CAGRduring the forecast period. APAC offers potential growth opportunities due tothe increasing investment in advanced technologies and requirement of energyefficient and green cooling solutions by large enterprises.
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