Global Data Center Cooling Market By Solution Type (Air Conditioners, Precision Air Conditioners, Air Handling Units, Chillers), Structure Type (Room Based Cooling, Row Based Cooling, Rack Based Cooling), Data Center Type (Large, Medium-Sized), End User (Telecom & IT, BFSI, Retail, Healthcare, Government & Defense)
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The Global Data Center Cooling Market size is expected to reach $18.8 billion by 2024, rising at a market growth of 13.4% CAGR during the forecast period.
The fueling factors behind the significant developments in this industry are augmented demand for improved mobility, operational efficacy, security, and bandwidth. Software-based centers are providing top-notch levels of automation, which is eventually contributing to the market expansion. A growing shift towards digital transformation via connected technology and IoT has triggered the requisite for a data center ecosystem. The ecosystem is expected to ensure prompt deployment, scalability, flexibility, security, and accessibility. The shift is also opening the doors for developments in the innovative systems which can also be cost-effective, highly responsive, and software-defined.
Data Center Cooling Market Size
Organizations that operate in multiple industries, such as manufacturing, education and research, and chemicals can produce and store enormous amounts of data. The varieties of operations also seldom put them under scenarios where they have to solve complex calculations and problems. These problems are often related to several natural phenomenon’s like changes in climate, space explorations, and weather forecasting. In these cases, enterprises rely on IT professionals for dealing with financial and web data, applications, and databases that need high processing power coupled with improved performance, speed, and cooling efficiency. In addition, this would greatly impact the worldwide market.
Based on Solution Type, the market is segmented into Air Conditioners, Precision Air Conditioners, Air Handling Units, Chillers and Others. Based on Structure Type, the market is segmented into Room Based Cooling, Row Based Cooling, and Rack Based Cooling. Room-based cooling provides the entire room with central unit cold air on one end of the room. Furthermore, it allows quick modifications to the pattern of the refrigerating distribution through the reconfiguration of the floor tiles and enables a refrigeration redundancy between all the shelves at low density in the datacenter. Room-based Cooling market has dominated the market during the forecast period.
Data Center Cooling Market By Structure Type
Based on Data Center Type, the market is segmented into Large Data Center, and Medium-Sized & Others Data Center. Based on end User Type, the market is segmented into Telecom & IT, BFSI, Retail, Healthcare, Government & Defense and Others.Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
KBV Cardinal Matrix: Data Center Cooling Market
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric, Asetek A/S, Hitachi, Ltd., AdaptivCool, Coolcentric, IBM Corporation, Hewlett Packard Enterprise, Cisco System, Inc., Dell Technologies Inc., and Schneider Electric SE.
Scope of the Study
By Solution Type
- Air Conditioners
- Precision Air Conditioners
- Air Handling Units
By Structure Type
- Room Based Cooling
- Row Based Cooling
- Rack Based Cooling
By Data Center Type
- Large Data Center
- Medium-Sized & Others Data Center
By End User
- Telecom & IT
- Government & Defense
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Emerson Electric
- Asetek A/S
- Hitachi, Ltd.
- IBM Corporation
- Hewlett Packard Enterprise
- Cisco System, Inc.
- Dell Technologies Inc.
- Schneider Electric SE
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