Data Center Cooling Market Growth Dynamics, Size, Business Opportunities and Industry Forecast to 2027
Market Overview
Market Research Future (MRFR) expects the Data Center Cooling Market 2020 to
record a CAGR of 14% between 2021 and 2027 (evaluation period). We will provide
COVID-19 impact analysis with the report, along with all the key developments
since the coronavirus disease outbreak.
Key Boosters and Main Barriers
Data centers are observing high demand with the growing need for
technologies that facilitate remote working during the lockdown period since
the COVID-19 outbreak. The evolvement of the business environment in light of
SARS-CoV-2 has accelerated the growth of digitization as well as cloud
services, with more and more companies trying to enhance their digital
infrastructure to cope with the changing working methods. With companies
learning new techniques in terms of work from home as well as data
accessibility has led to higher need for services and space in data centers, a
trend that MRFR believes can gather more momentum as time passes.
Since the advent of the novel coronavirus, there has been a
dramatic surge in the use of over the top/OTT platforms like Hotstar and
Netflix, which needs a scalable and robust infrastructure on account of the
increasing data traffic. This can mean great benefits for the data center
cooling market as the demand for data centers is mounting exponentially across
the globe. The pandemic has also reiterated the importance of digital payments
and e-commerce among people with the growing demand for essential items. The
widespread use of Big Data, in addition to the rising preference for data
localization has boosted the demand for data centers even before the Covid-19
hit the global economy.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1913
Apart from this, the environmental regulations imposed by
governments with regard to emission along with the high efficiency of data
center operations also favors the data center cooling market. These kinds of
regulations have had a great impact on the sales of eco-friendly data center
cooling solutions. All these factors are boosting the uptake of cooling
solutions as data centers continue to observe accelerated demand. Besides,
various renowned market firms are launching new models and products with better
features and characteristics that can appeal to a higher number of end-users,
which ultimately results in market expansion.
To cite an instance, in July 2020, STULZ introduced its latest
data center cooling system in the market, which helps manage cooling and air in
colocation, hyperscale and large data centers. The cooling solution, CyberWall,
consists of several air conditioning units that can be used in facilities that
have segmented aisles. This launch is considered to be a game
changer in in the data center cooling industry, wherein enterprises are able to
safeguard their investments and optimize their uptime.
Market Segmentation
The data center cooling industry has been considered for
component, cooling type, service type, organization size as well as vertical.
The main components studied in the market research include air
handling units, precision air conditioning, economizer, chillers, server
cooling, and more.
The various cooling types covered in the market study are liquid
as well as air.
The key service types considered in the report are professional
services along with managed services.
The ranges covered in the report, depending on the organization
size, are SMEs/small & medium enterprises as well as large enterprises.
The key verticals taken in account include government, IT &
telecommunication, healthcare, energy, BFSI, and others.
Regional Insight
The MRFR report has detailed the key regions in which the data
center cooling market is expected to grow, namely Europe, North America,
APAC/Asia Pacific, and RoW/rest of the world.
With the biggest share in the data center cooling market, North
America is presently the global leader, with strong backing from the huge
number of leading firms present in the region. The high number of technological
innovations and the substantial spending on research and development/R&D
activities by private companies to facilitate the development of data center
cooling are also cited to be important growth boosters in the market here.
The APAC market could most likely advance at the fastest rate
during the appraisal period, as the number of smartphone users and the demand
for IoT based devices has grown exponentially in the past couple of years.
Likewise, the high sales of wearable devices across India, Japan, South Korea
and China has led to generation of a massive volume of data, which requires a
higher number of data centers. This factor has been quite favorable for the
data center cooling market in the region. The striking growth of industries
such as consumer electronics, retail and BFSI, has also been a major influencer
in the regional market.
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/data-center-cooling-market-1913
Prominent Market Vendors
Some of the prominent market vendors are Fujitsu, Ltd. (Japan),
Hitachi, Ltd. (Japan), The Mitsubishi Group (Japan), Schneider Electric SE
(France), 4energy (UK), 3M (US), Vertiv Co. (US), Wakefield-Vette, Inc. (US),
Rittal GmbH & Co. KG (Germany), The Heico Companies LLC (US), IT Aire, Inc.
(US), Asetek A/S (Denmark), HP Development Company L.P. (US), Cloudsite
Intelligent Data Centers (US), Degree Controls (US), to list a few.
Read More: https://vlog1292.blogspot.com/2021/08/micro-server-market-trends-and-forecast.html
Our rapidly expanding market research
company is assisted by a competent team of research analysts who provide useful
analytics and data on technological and economic developments. Our deemed
analysts make industrial visits and collect valuable information from influential
market players. Our main goal is to keep our clients informed of new
opportunities and challenges in various markets. We offer step-by-step
assistance to our valued clients through strategic and consulting services to
reach managerial and actionable decisions.
Market Research Future
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Comments
Post a Comment