(I-BusinessNews.Com, November 08, 2019 )
Market Overview
• Data center cooling solutions are used for the maintenance of optimal operating condition required for smooth operation of data centers.
• The data centers process a massive amount of data within a short interval of time, which produces a lot of heat and might damage the equipment. Cooling is necessary for optimum operation of data centers and hence consumes a majority of power.
Market Dynamics
• Increasing data storage needs, higher adoption of cloud computing, the rapid growth of big data and data science within various industry verticals, and development of IT infrastructure within different developing countries are key factors driving the growth of the global data center cooling market.
• Increasing humidity levels which restricts the use of outside air for data center cooling is also one of the prime factor boosting the growth of the market. However, high setup cost, high electricity consumption, and increasing concern over carbon emission might hamper the market growth.
• Moreover, new innovative development regarding the use of natural sources of cooling might also hamper the market potential. For instance, in June 2018, Microsoft tested undersea data center that could curb the cost of the cooling cost by 90 percent. New development within data center cooling would provide lucrative opportunities to the market in the next couple of years.
Market Outlook
• Based on architecture, the market is segmented as room and rack & row cooling. By cooling system, the market is divided as Air conditioner, Precession Air conditioner, Chillers, Air Handling Units, and Others. Air conditioners hold the largest share of market owing to increased adoption within traditional data centers.
• By type of data centers the market is categorized into Large, Mid-size, and Small Datacenters. Large data centers hold around 60 percent market share is owing to the increased need for more significant data centers. Telecom and IT are the primary end users of data centers and contribute around 40 percent of market share. Increasing IT operation would provide sustainable growth to the segment.
Geographical Analysis
• Geographically, North America is the largest shareholding market owing to the significant number of data center provides. However, the rapid development of IT infrastructure in India, China, and Japan would give the fastest market growth to the Asia-Pacific region.
• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Market Segmentation
By Architecture
• Room cooling
• Rack and row cooling
By Cooling System
• Air conditioner
• Precession Air conditioner
• Chillers
• Air Handling Units
• Others
By Cooling Technique
• Air-based cooling technique
• Liquid-based cooling
By Data Center Type
• Large
• Mid-size
• Small
By End User
• Telecommunications
• Information Technology
• Retail
• Healthcare
• Banking/Financial Services
• Energy
Company Profiles
• The report profiles the following companies, which includes Adaptivcool, Airedale International Air Conditioning Ltd., Asetek, Black Box Corporation, Coolcentric, Nortek Air Solutions, LLC, Rittal GmbH & Co. Kg, Schneider Electric Se., Stulz GmbH, and Vertiv Co.
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