The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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The global data center cooling size 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%.
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The key players in the Data Center Cooling Market 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)
The total data center cooling market contains solutions and services. The solutions segment includes air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and others.
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The services segment includes consulting, installation & deployment, and maintenance & support services. The market is also segmented on the basis of types of cooling which includes room-based cooling and row/rack-based cooling.
Further, the market is segmented on the basis of data center types which includes mid-sized data centers, enterprise data centers, and large data centers. Moreover, the market is also segmented on various industries that include BFSI, IT & telecom, research & academic, government & defense, retail, energy, manufacturing, healthcare and others (media &entertainment and transportation & logistics).
The entire market is segmented based on five major global regions such as North America, Europe, APAC, MEA, and Latin America.
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The global data center cooling size 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 systems are able to provide rapid cooling with lower associated costs.
Data center cooling solution make use of air and liquid cooling for providing advanced and efficient solutions &service further driving the growth in this market. Data center cooling solutions require large amounts of supporting infrastructure to house the cooling and associated power modules, which may hinder users from adopting these solutions.
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The air conditioning solution is estimated to hold the largest market share during the forecast period. Air conditioning solutions are in demand and are expected to grow at a high CAGR and continue to hold a larger market share in the future, as they provide advanced cooling for precision cooling in high density data centers that further helps in reducing the total energy consumption.
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