According
to a recent report published by Allied Market Research, titled,"Data Center Cooling Market by Component,
Type of Cooling, Type of Data Centers, and Industry Vertical: Global
Opportunity Analysis and Industry Forecast, 2018-2025,"the global data
center cooling market size was valued at USD 8,384 million in 2017, and is
projected to reach USD 23,215 million by 2025, growing at a CAGR of 13.7% from
2018 to 2025.
Increase
in the demand for efficient and cost-effective data centers, green initiatives
for eco-friendly data center solutions, substantial growth with data center and
power density drives the market growth. However, requirement of specialized
infrastructure and higher investment cost and cooling challenges during power
outage is expected to hamper the growth of the global data center cooling
market during the forecast period. Furthermore, emergence of liquid-based
cooling and portable cooling technologies and growth in requirement for modular
data center cooling approach are anticipated to provide lucrative opportunities
for the market growth.
Room-based
cooling dominated the overall data center cooling market share in 2017 and is
expected to continue this trend during the forecast period as it provides
effective cooling at less cost. Furthermore, room-based cooling is anticipated
to maintain large market share owing to the least use of pipes and ducts
compared to other cooling types. Conversely, air conditioners and other
air-based cooling circulate air to maintain temperature in data centers within
permissible limit. Therefore, room-based cooling is gaining ground due to its
energy-efficient cooling.
Key Findings of theData Center Cooling
Market:
By
type of cooling, the rack-based cooling segment is expected to exhibit highest
growth rate during the data center cooling market forecast period.
Based
on component, the solution segment accounted for the highest revenue in 2017.
Based
on industry vertical, the IT & telecom segment generated the highest
revenue in 2017.
Based
on type of data center, the enterprise data center segment dominated the
overall data center cooling market share.
Based
on region, Asia-Pacific is anticipated to exhibit substantial growth during the
forecast period.
Some
of the key market players profiled in the report include Schneider Electric Se;
Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co.;
Hitachi, Ltd.; Rittal Gmbh & Co. Kg; Fujitsu Ltd.; Stulz Gmbh; Vertiv; and
Asetek.
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