Data Center Cooling Market Size to surpass $15bn by 2024

Data Center Cooling Market size is poised to surpass USD 15 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

The rise in smartphone and internet penetration in several countries including Indonesia, Vietnam, India, China, and Japan is expected to fuel data center cooling market growth over the forecast timeline. Currently, the Indian market has around 400 million active internet users and 350 million connected smartphone users due to rapid internet growth in rural areas. Similarly, China has around 3.8 billion internet users. With such increased internet penetration, the demand for data centers to manage the massive amount of data will be witnessed, fueling the data center cooling market revenue. With more capacity and high density of data centers, the need for energy-efficient cooling solutions is being witnessed. The equipment will reduce damages on systems and processors by dissipating excessive heat from the infrastructure. It will also balance temperature and control humidity levels inside data centers.

 

Request Sample Buy NowInquiry Before Buying


 

Technological advancements, rising competition, and the need for environment-friendly and cost-effective solutions for reducing energy consumption is driving the demand for green data center cooling market. The introduction of Green Data Center (GDC) provides maximum energy efficiency and minimum environmental impact for storing, managing, and disseminating data. Several companies are investing in green data centers to ensure that cooling, power, and security systems are providing a high-grade environment. For instance, in February 2015, Apple, Inc. invested around USD 2 billion to construct two new data centers in Europe, which will be powered by renewable energy. The company also announced that data centers in Ireland and Denmark will power their online services for customers across the region.
 

China data center cooling market size, by application, 2016 & 2024 (USD Million)
Data Center Cooling Market

Get more details on this report - Request Free Sample PDF
 

In 2016, the liquid cooling segment accounted for around 10% of the data center cooling market and will witness high growth owing to its benefits of reducing the data center power consumption and Power Usage Effectiveness (PUE). In addition, liquid cooling solutions help in reducing the physical footprint by 75% from air-cooled alternatives. Liquid cooling technology eliminates the need for air conditioning systems, fans, and other specialized facilities. The growth of the liquid cooling segment is largely due to high heat absorption properties of liquids that are far greater than that of the air. The technique is a powerful method compared to air cooling as the water carries over 3,500 times heat than air. To reduce power consumption by cooling equipment, data center operators are adopting economizer-based data center liquid cooling, which can reduce cooling energy consumption by 5% and carbon dioxide (CO2) emissions. Companies, such as CoolIT Systems and Stulz GmbH, are investing heavily in the development of this technology. In June 2017, Stulz announced the launch of a micro data center, that consists of the direct-to-the-chip liquid cooling technology from Canada’s CoolIT Systems.
 

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 {Air Conditioner, Chilling Unit, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room Based), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Russia, China, India, Japan, Singapore, Australia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-cooling-market

 

The IT & telecom sector in data center cooling market is witnessing digitalization and penetration of technologies such as big data, AI, and IoT. The need for interconnection and the availability of data from different sites will drive the data center industry growth. Moreover, the proliferation of smart devices and the rising consumer demand to safeguard information property and financial assets are anticipated to drive the demand for data centers. Majority of IT organizations are moving their workloads to the cloud and are preferring to use enterprise-owned data centers. For instance, in June 2019, NTT Communications Corporation, a Japan-based telecommunications company, announced to establish “Indonesia Jakarta 3 Data Center (JKT3)” consisting of around 7,800 racks (18,000 sq.m IT space) and 45MW IT load to strengthen its data center business.
 

The European data center cooling market is anticipated to witness a growth of over 12% CAGR owing to the rising number of data center constructions in the region, which are necessitating high demand for cooling solutions. Global companies, such as Facebook Inc. and Microsoft Corporation, are investing highly in the construction of data center facilities in the region. For instance, in May 2019, Google Inc. announced investments of over USD 675 million for constructing a new data center in Hamina, Finland. Additionally, the region is one of the earliest adopters of advanced technologies owing to its stable economic conditions and developed infrastructure. A noticeable trend in the region is the introduction of green data center initiatives coupled with stringent government regulations for maintaining energy efficiency. Standards, such as EN 50600-x, are imposing strict regulations for the construction and operation of data centers in the region.
 

Major companies in the data center cooling market are AdaptivCOOL, Air Conditioning Ltd., Airedale International, Asetek, Black Box Corporation, Coolcentric, Ebullient, Inc., Liquid Cool Solutions, Inc., Nortek Air Solutions, LLC, Rittal GmbH & Co. KG, Schneider Electric SE, and Submer Technologies, among others. These companies are adopting strategies, such as partnerships & collaborations and new product developments, in the market. For instance, in October 2017, NEC Fielding, Ltd., a subsidiary of NEC Corporation, announced a partnership with Asetek, which designs, develops, and markets liquid cooling solutions. The partnership will enable the company to use Asetek’s Direct-to-Chip (D2C) liquid cooling technology at its Japanese HPC data center.
 

Inquiry Before BuyingRequest Sample
 

The data center cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024 for the following segments:

By Component

  • Solution
    • Chilling unit
    • Air conditioner
    • Cooling tower
    • Control system
    • Economizer
    • Liquid cooling system
    • Others
  • Service
    • Installation and deployment
    • Maintenance and support
    • Consulting

By Cooling Technique

  • Rack/row based
  • Room based

By Application

  • IT & Telecom
  • BFSI
  • Retail
  • Energy and utility
  • Healthcare
  • Colocation
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
  • South America
    • Brazil
    • Chile
    • Peru
    • Colombia
    • Argentina
    • Bolivia
    • Venezuela
  •  MEA
    • Saudi Arabia
    • UAE
    • South Africa

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X