Data Center Cooling Market Scope
Cooling in the data center environment refers to the technologies and equipment deployed in data centers to avoid heating in order to enhance the performance and reduce downtime caused due to overheating. Cooling technologies are rapidly proving to be a critical element in the efficient functioning of data centers. With increasing capacity and higher density, there is an increasing need for energy-efficient cooling of the IT equipment. There are many innovations from different companies that are changing the landscape of data center cooling. One notable mention is Google’s environmentally friendly data center. One of the reasons cited for the uptick in the general data center cooling market is the trend of data centers built in developing countries or regions such as Singapore and Latin America.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Fujitsu Limited (Japan), Hitachi, Ltd. (Japan), Schneider Electric SE (France), Mitsubishi Electric (Japan), 3M (United States), Siemens (Germany), Rittal GmbH & Co. KG (Germany), Green Revolution Cooling (United States), Black Box Corporation (United States) and Nortek Air Solutions, LLC (United States) |
CAGR | 15.5% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Data Center Cooling market throughout the predicted period.
Fujitsu Limited (Japan), Hitachi, Ltd. (Japan), Schneider Electric SE (France), Mitsubishi Electric (Japan), 3M (United States), Siemens (Germany), Rittal GmbH & Co. KG (Germany), Green Revolution Cooling (United States), Black Box Corporation (United States) and Nortek Air Solutions, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are STULZ GmbH (Germany), Vertiv Co. (United States), Asetek (Denmark), AdaptivCOOL (United States), Coolcentric (United States) and Airedale International Air Conditioning Ltd. (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Data Center Cooling market by Type and Region with country level break-up.
On the basis of geography, the market of Data Center Cooling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On March 2019, Scale Matrix High-density hosting specialist had Acquired Instant Data Centers for High-Density Edge. adding a line of micro data centers for edge computing.
On December 10, 2019, GRC (Green Revolution Cooling), the leader in immersion cooling for data centers, has announced that it is increasing operations in the Asian market with the opening of offices in New Delhi, India on January 1, 2020.
Environmental Protection Agency (EPA) Standards for Data Center cooling. A 2014 survey of data center managers in IT, finance, and other mid-level firms in North America, the majority of which owned their data centers, found that 76 percent ranked energy efficiency as important or very important when investing in new data center facilities.
Influencing Trend:
Liquid Cooling Solutions such as Immersion System
Market Growth Drivers:
Growing demand for cost-effective data centers solutions and services coupled with the rise in eco-friendly cooling technologies and a large amount of data load at data centers are some of the key factors driving the demand of the data center cooling market. and Huge Investments in New Data Center Cooling Technologies by Companies owing to Increasing Power Densities
Challenges:
Stringent Government Regulations for Environmental Pollutions, Mechanical Failures of Components and Fluid Leakage Problems
Restraints:
High Infrastructure and Maintenance Cost and Low Performance of Air Based Cooling Technologies
Opportunities:
Growing Technological Advancements such as Artificial Intelligence, Edge Computing Deployments, and Datacenter smart assistant, Innovations in Data Center Infrastructure Management such as Greener Technology and Mining of Cryptocurrencies
Key Target Audience
Original Equipment Manufacturers, Telecom Services Providers, Data Center Cooling Solution Vendors, Data Center Operators, Investors/New Entrants, End-Use Industries and Others