The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.
Emergence
of cloud computing coupled with initiatives by government organizations to
promote the adoption of cloud technology and enable prominent vendors to
introduce technological advancements is driving the market growth. For example,
the government of UAE introduced various projects including Smart Dubai and
Smart Abu Dhabi, which were aimed at bringing about digital transformation and
economic growth in the country. Such initiatives are expected to drive the
market in UAE.
Data
center cooling accounts for over 30% of the total energy consumption. In the
current scenario, companies are moving toward sustainable cooling, which can
save up to 80% or more on energy costs for cooling. For instance, Apple’s North
Carolina data center facility operates completely on sustainable, eco-friendly
power sources as data center cooling is achieved through the free-air cooling
technique, allowing the chillers to be off 75% of the time.
Additionally,
there is a rise in pressure from the local and federal government agencies,
environmentalists, and the general public for organizations to implement green
initiatives. Therefore, high demand for eco-friendly and cost-effective cooling
solutions is expected to propel the market growth. However, high installation
and maintenance costs, electricity consumption, and carbon emissions are some
of the challenges affecting the industry growth.
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Data Center
Cooling Market Report Highlights
- Telecom
segment accounted for over 20.0% of the total market share in 2018 owing
to increased penetration of 4G services and development of 5G
infrastructure that has data-intensive networks
- Furthermore,
growing number of telecom subscribers using smartphones and tablets is
anticipated to boost the demand for data centers, thereby propelling the
market growth
- Middle East
region is expected to witness substantial growth owing to rising need for
enhanced cooling techniques
- Several IT
companies, including Google Inc., Oracle Corporation, and Alibaba, have
announced their plans to build data centers in the Middle East
- Europe is
also anticipated to witness a significant growth owing to cold weather
conditions in Nordic countries
- The raised
floor with containment segment is expected to register the fastest CAGR 6%
from 2019 to 2025
- Major
companies in the market are Schneider Electric, Rittal GmbH & Co. KG,
Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry
participants focus on introducing different techniques to enhance their
market presence
Data Center
Cooling Market Segmentation
Grand View Research has
segmented the global data center cooling market on the basis of product,
application, containment, structure, and region:
Data Center
Cooling Product Outlook (Revenue, USD Million, 2014 - 2025)
- Air Conditioners
- Precision Air Conditioners
- Chillers
- Air Handling Units
- Others
Data Center
Cooling Application Outlook (Revenue, USD Million, 2014 - 2025)
- Telecom
- IT
- Retail
- Healthcare
- BFSI
- Energy
- Others
Data Center
Cooling Containment Outlook (Revenue, USD Million, 2014 - 2025)
- Raised Floor with Containment
- Hot Aisle Containment (HAC)
- Cold Aisle Containment (CAC)
- Raised Floor without Containment
Data Center
Cooling Structure Outlook (Revenue, USD Million, 2014 - 2025)
- Rack-based Cooling
- Row-based Cooling
- Room-based Cooling
Data Center
Cooling Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Nordic Countries
- Eastern Europe
- Asia Pacific
- China
- India
- Japan
- South East Asia
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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