According to a new market research report ”Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021” , published by MarketsandMarkets™, The data center cooling market 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 solutions can improve the overall efficiency of data centers by lowering energy and operational costs. The data center cooling market is projected to witness decent growth due to the advantages provided by these solutions in cooling high-power density data center facilities.
Browse 66 market data tables and 43 figures spread through 147 pages and in-depth TOC on “Data Center Cooling Market by Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021”
Major Key Players
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors 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), STULZ GmbH (Germany), Vertiv Co. (U.S.), Asetek (Denmark), AdaptivCOOL (U.S.), and Coolcentric (U.S.).
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The air conditioning segment to have the largest market size during the forecast period
Among solutions, the air conditioning segment is expected to have the largest market size from 2016 to 2021. Air conditioning solutions/units have low installation costs and are comparatively easy to maintain. They are used widely in data center facilities with moderate availability requirements. These benefits are driving the air conditioning segment in the data center cooling market during the forecast period.
Maintenance and support segment to grow at the highest CAGR during the forecast period
Among services, the maintenance and support segment is expected to grow at the highest CAGR during the forecast period. This high growth is due to the rapid adoption of data center cooling solutions in enterprises and large data centers, which require third-party assistance for the maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.
Mid-sized data center cooling providers are helping data center operators handle their data center cooling requirements efficiently. The segment is estimated to grow at the highest CAGR during the forecast period. These organizations are rapidly adopting data center cooling solutions as they provide increased scalability, low energy consumption, and cost effective solutions. Vendors can develop specific solutions targeted towards mid-sized data centers to improve their position in the data center cooling market.
The government and defense industry is expected to grow at the highest rate from 2016 to 2021, in the data center cooling market. Government and defense agencies across the globe are increasingly requiring cooling solutions for their data centers that can sustain harsh environments. Data center cooling solutions, including liquid cooling, are an effective alternative due to which they are expected to provide new growth avenues for vendors targeting this segment.
Asia-Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period. APAC offers potential growth opportunities due to the increasing investment in advanced technologies and requirement of energy efficient and green cooling solutions by large enterprises.
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