Data Center Cooling Market Projected To Reach $23,215 Million By 2025 – Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co.; Hitachi, Ltd.

"Data Center Cooling Market by Component, Type of Cooling, Type of Data Centers, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global data center cooling market size was valued at $8,384 million in 2017, and is projected to reach $23,215 million by 2025, growing at a CAGR of 13.7% from 2018 to 2025.

Increase in the demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, substantial growth with data center and power density drive the market growth. However, requirement of specialized infrastructure and higher investment cost and cooling challenges during power outage is expected to hamper the growth of the global data center cooling market during the forecast period. Furthermore, emergence of liquid-based cooling and portable cooling technologies and growth in requirement for modular data center cooling approach are anticipated to provide lucrative opportunities for the market growth.

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Based on component, solution dominated the data center cooling market size in the year 2017 and is expected to dominate the market in coming years, owing to the increase in number of energy efficient cooling solutions. Furthermore, air conditioners under solution sub-segment had the largest market share due to its energy-efficiency and cost-effectiveness. Moreover, with increase in number and higher density in data centers, there is a need for efficient cooling. Air conditioners with the help of air ducts circulate air in the high-density racks to maintain temperature within permissible limit. However, services in the component segment witnessed high CAGR growth in the data center cooling market.

Room-based cooling dominated the overall data center cooling market share in 2017 and is expected to continue this trend during the forecast period as it provides effective cooling at less cost. Furthermore, room-based cooling is anticipated to maintain large market share owing to the least use of pipes and ducts compared to other cooling types. Conversely, air conditioners and other air-based cooling circulate air to maintain temperature in data centers within permissible limit. Therefore, room-based cooling is gaining ground due to its energy-efficient cooling.

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Key Findings of the Data Center Cooling Market:

By type of cooling, the rack-based cooling segment is expected to exhibit highest growth rate during the data center cooling market forecast period.

Based on component, the solution segment accounted for the highest revenue in 2017.

Based on industry vertical, the IT & telecom segment generated the highest revenue in 2017.

Based on type of data center, the enterprise data center segment dominated the overall data center cooling market share.

Based on region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

Some of the key market players profiled in the report include Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co.; Hitachi, Ltd.; RittalGmbh& Co. Kg; Fujitsu Ltd.; StulzGmbh; Vertiv; and Asetek.

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Posted by on Tuesday May 26 2020, 6:01 AM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Featured Press Release, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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