According to the new market research
report "Data Center Cooling Market
by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System,
Liquid Cooling System, Control System, and Others), Service, Type of Cooling,
Data Center Type, Industry, and Region - Global Forecast to 2021",
published by MarketsandMarkets™, the data center cooling market is estimated to
grow from USD 7.12 Billion in 2016 to USD 14.28 Billion by 2021, at a Compound
Annual Growth Rate (CAGR) of 14.95%.
Data centers and related technologies are witnessing tremendous technological advancements. Liquid cooling and economizer-based systems are witnessing advancements which are also anticipated to propel the growth of this market. Moreover, liquid cooling technologies may be able operate at low servicing and maintenance costs. Liquid cooling data centers are also seen adopting specially engineered fluids that have enhanced heat reduction capabilities in data centers. Moreover, economizers that can utilize ambient air for cooling are expected to reduce the overall cost of operation.
Browse and
in-depth TOC on “Data Center Cooling Market"
66
- Tables
43
- Figures
147
- Pages
Liquid cooling solutions segment is
expected to grow at the highest CAGR
Liquid
cooling solutions segment is expected to witness the highest CAGR during the
period 2016 to 2021. Liquid cooling solutions make use of advanced engineered
coolants that reduce the overall carbon footprint making them a more
environment-friendly solution. Moreover, they provide efficient cooling for
high power and server density data centers. These benefits are driving the
market and are anticipated to help in propelling the data center cooling market
to grow at the highest CAGR during the forecast period.
“Maintenance and support services segment to grow at the highest rate
during the forecast period”
The maintenance and support services segment is
expected to grow at the highest CAGR during the forecast period owing to the
rapid adoption of data center cooling solutions in enterprise and large data
centers, which require third-party assistance for maintenance of the cooling
infrastructure and additional support for the liquid cooling infrastructure.
North America is expected to dominate the data center cooling market
during the forecast period
The data center cooling market segments the global
market on the basis of regions, which include North America, Asia-Pacific
(APAC), Europe, Middle East & Africa (MEA), and Latin America. North
America is expected to hold the largest share of the data center cooling market
in 2016 due to the technological advancements and larger adoption of data
center cooling technologies across a large number of industries in this region.
The market in APAC is expected to grow at the highest CAGR between 2016 and
2021. The primary driving force for this growth is the increasing requirement
for energy efficient and cost effective solutions in various industries.
The report also encompasses different
strategies, such as mergers & acquisitions, partnerships &
collaborations, and product developments, 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.), Airedale International 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.).
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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-center-cooling-solutions-market.asp
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-center-cooling-solutions-market.asp
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