About IT Cooling System
IT cooling system is refer as a cooling system which is used to reject heat from a process or enterprises. Cooling systems are available in many types of design and construction, each with its various advantages and limitations. The market of cooling system in IT is growing due to the rapid technological advancement along with the rapid urbanization. Along with this there is increase in the infrastructural project which is boosting the IT cooling system. While some of the factors like difficulty in implementation of IT cooling system is challenging the whole market scenario.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The IT Cooling Systems market is highly segregated based on new product launches and results of that products. Hence the major players of the market have used various business strategies such as new product launches, market initiatives, clinical trials, high expense on research and development, market agreements, joint ventures, mergers and collaboration, acquisitions, and others to increase their footprints in this market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Emerson Electric Co. (United States), Schneider Electric SE (France), Rittal GmbH & Co. KG – Friedhelm Loh Group (Germany), STULZ GmbH. (Germany), Airedale International Air Conditioning Limited (United Kingdom), Pentair Plc (United States), KyotoCooling BV (United States), Siemens AG (Germany), Saifor (Spain) and Coolitsystems (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global IT Cooling System market by Type (Small and medium-sized systems and Large systems), Application (Data Centers, Server Rooms and Large Systems) and Region.
On the basis of geography, the market of IT Cooling System 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). If we see Market by Operated, the sub-segment i.e. Manually Operated will boost the IT Cooling System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Investment on Infrastructure Projects in Developing Economies
Market Growth Drivers:
Rapid Urbanization and Relatively High Temperature in Middle East Region
Challenges:
Difficulty in IT Cooling System Implementation
Restraints:
High Upfront Capital Cost, Non-Synchronized Development Decisions and Uncertainty and Risk Around Global Economy May Negatively Impact the IT Cooling System Market Growth
Opportunities:
Rising Demand for Energy Efficient and Sustainable Means of Cooling Technologies and Treated Sewage Effluent Usage in Gcc Countries
Market Leaders and their expansionary development strategies
In May 2023, CoolIT Systems, developer of cooling solutions for data center, HPC, and servers has agreed to be acquired by global investment firm KKR, specifically through their Global Impact investment strategy, which focuses on technologies and markets that can build a more sustainable and prosperous world, while, of course, generating value for its investors.
In October 2023, ThermalWorks, a subsidiary of Endeavour devoted to sustainable data infrastructure, announced the global launch of its state-of-the-art, waterless cooling system built for the fast-changing data center industry. The ultra-efficient, modular design is set to revolutionize how traditional data centers operate by significantly reducing energy usage and eliminating water consumption in cooling operations. The company has begun shipping its integrated cooling system to clients across Europe and North America.
Key Target Audience
IT services providers, Original equipment manufacturers, Value-added service providers, Data center cooling solution vendors, Data center operators, Data center colocation service providers, System integrators, Cloud service providers and Colocation providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.