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According to a 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 center cooling solutions can improve the overall efficiency of data centers by lowering energy and operational costs. The data center cooling market is projected to witness decent growth due to the advantages provided by these solutions in cooling high-power density data center facilities.
Browse 66 market data tables and 43 figures spread through 147 pages and in-depth TOC on “Data Center Cooling Market by Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021”
Major Key Players
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.).
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.
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The liquid cooling solutions segment is estimated to grow at the fastest rate in the data center cooling market during the forecast period. Organizations are facing an increasing need for reliable and cool high server density data center facilities. Liquid cooling data center vendors can take advantage of this requirement by providing direct cooling solutions such as immersion cooling that are environment friendly and harmless to electronic equipment.
Maintenance and support services provide an efficient model for maintaining liquid coolants in the data center cooling infrastructure. Moreover, these services are concerned with the provisioning and operation of control systems for monitoring of data center related cooling infrastructure. Maintenance and support services are expected to grow at the highest CAGR during the forecast period. In case of liquid cooling, large organizations increasingly require assistance to maintain and replace the coolants used within the data centers liquid cooling solutions. Vendors assist organizations to fulfill the requirement for such services by providing enhanced offerings that can easily handle all types of liquid cooled infrastructure.
Mid-sized data center cooling providers are helping data center operators handle their data center cooling requirements efficiently. The segment is estimated to grow at the highest CAGR during the forecast period. These organizations are rapidly adopting data center cooling solutions as they provide increased scalability, low energy consumption, and cost effective solutions. Vendors can develop specific solutions targeted towards mid-sized data centers to improve their position in the data center cooling market.
The government and defense industry is expected to grow at the highest rate from 2016 to 2021, in the data center cooling market. Government and defense agencies across the globe are increasingly requiring cooling solutions for their data centers that can sustain harsh environments. Data center cooling solutions, including liquid cooling, are an effective alternative due to which they are expected to provide new growth avenues for vendors targeting this segment.
Asia-Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period. APAC offers potential growth opportunities due to the increasing investment in advanced technologies and requirement of energy efficient and green cooling solutions by large enterprises.
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