According to the latest report by IMARC Group, titled “Data Center Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on data center cooling market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global data center cooling market reached a value of US$ 11.4 Billion in 2021. Data center cooling refers to a system of techniques, tools, equipment, and processes that help maintain environmental conditions necessary for the proper and smooth functioning of information technology (IT) equipment. It also assists in minimizing the heat dissipation of equipment by transferring the excess heat into the external atmosphere. It improves the overall efficiency and performance of the system by optimizing the airflow path and reducing downtime caused due to overheating. It is currently widely adopted by data center operators as it is environment-friendly, cost-effective, and energy-efficient.
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Market Trends:
Increasing construction of data centers worldwide to store massive amounts of data is one of the key factors creating a positive outlook for the market. Apart from this, the rising demand for high computing performance, artificial intelligence (AI), internet of things (IoT), cloud-based services, and other digital technologies is contributing to the market growth. Moreover, governing agencies of various countries are implementing environmental regulations to eliminate hazardous gas emissions and improve the overall power consumption efficiency of data center operations, which is anticipated to drive the market. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 14.4% during 2022-2027.
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List of Key Companies Covered in this Market Report:
Airedale International Air Conditioning
Asetek
Black Box Corporation
Climaveneta Climate Technologies
Coolcentric
Emerson Electric
Fujitsu, Hitachi, Netmagic
Nortek Air Solutions
Rittal
Schneider Electric,
STULZ GmbH
Vertiv
Breakup by Solution:
Air Conditioning
Chilling Units
Cooling Towers
Economizer Systems
Liquid Cooling Systems
Control Systems
Others
Breakup by Services:
Consulting
Installation and Deployment
Maintenance and Support
Breakup by Type of Cooling:
Room-Based Cooling
Row-Based Cooling
Rack-Based Cooling
Breakup by Cooling Technology:
Liquid-Based Cooling
Air-Based Cooling
Breakup by Type of Data Center:
Mid-Sized Data Centers
Enterprise Data Centers
Large Data Centers
Breakup by Vertical:
BFSI
IT and Telecom
Research and Education Institutions
Government and Defense
Retail
Energy
Healthcare
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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