“The global data center cooling market was valued at US$ 7.50 Bn in 2017 and is expected to reach US$ 20.84 Bn by 2026, at a CAGR of 13.63% during a forecast period.”
Datacenter cooling solution is used to keep environmental conditions ideal for information technology equipment operation. This technology eliminates the heat produced by the information technology equipment and transfers that heat to the heat sink. Hence, in the absence of a suitable cooling system, data centers cannot function efficiently and may lead to system failure.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding data center cooling market dynamics, structure by identifying and analyzing the market segments by component, application, service, cooling technique, and region and, project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
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North America is expected to lead the market share during the forecast period due to the presence of technology giants such as Facebook, Google, and Microsoft who are continually seeking new ways to manage their increasing data.
The U.S. market is projected to witness slow growth in comparison to the other regions owing to the relocation of data center facilities to other regions such as Canada and the Nordic countries.
Key players in the global data center cooling market are Emerson Network Power, Air Enterprises, Schneider Electric, Rittal GmbH & Co. KG, Climaveneta (Mitsubishi Electric), Asetek, and KyotoCooling.
Scope of the Global Data Center Cooling Market:
- Global Data Center Cooling Market by Component
- Chilling Unit
- Cooling Tower
- Air Conditioner
- Control System
- Global Data Center Cooling Market by Service
- Maintenance & Support
- Installation & Deployment
- Global Data Center Cooling Market by Cooling Technique
- Global Data Center Cooling Market by Geography
- North America
- Middle East & Africa
- Key Players operating in the Global Data Center Cooling Market:
- Alfa Laval
- Allied Control
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Category: Global technology industry reports