Data Center Cooling Market to cross $20bn by 2024

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Data Center Cooling Market to cross 20bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Data Center Cooling Market

• Data Center Cooling Market size is set to exceed
  USD 20 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Increase in the power consumption levels and the
  need to enhance the overall efficiency is
  expected to fuel the data center cooling market
  demand over the forecast timeline. Data centers
  necessitate a cool environment to eliminate the
  recirculation of heat, as the excessive heat
  generated from the equipment can cause
  interrupted flow of information, data loss or may
  even damage the systems. Implementation of hot
  and cold aisles, installation of blanking panels
  and usage of close-coupled cooling are among the
  factors to improve the overall efficiency and
  provide energy efficient solutions.
• The increasing need to offer systems with high
  efficiency which do not need high energy
  consumption will drive the data center cooling
  market in the next seven years. The green data
  centers are gaining traction in the industry due
  to the need for energy efficient cooling systems
  as they utilize renewable sources of energy.

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Continued...

• There is an inclination towards the adoption of
  containerized data centers and construction of
  modular data centers have increased to deliver
  high efficiency. They also help in reducing the
  energy consumption and carbon emission levels,
  thereby fueling the data center cooling market
  demand. These data centers are anticipated to
  witness growth in the enterprises because of
  their effectiveness, and their ability to adapt
  to variations in humidity and temperatures.
• Concerns related to the high cost of these
  equipment and the maintenance required by them
  might hamper the data center cooling market
  growth. Factors such as emission of harmful gases
  and rising heat energy densities will also
  negatively impact the growth. In addition, the
  reluctance of service providers in the less tech
  savvy regions such as Asia Pacific to implement
  advanced technologies is predicted to pose a
  challenge to the data center cooling market
  growth.

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China data center cooling market size, by
service, 2016 2024 (USD Million)

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Continued...

• Increasing adoption for liquid cooling systems
  due to the ability to consume less energy will
  fuel the data center cooling market. The rising
  number of racks installed in the facilities and
  the increasing rack power density has enabled
  many operators to opt for liquid cooling systems.
  The maintenance and support services will grow at
  the highest rate due to the need to execute and
  manage the infrastructure to ensure reliable and
  scalable infrastructure. The service also helps
  in the management of servers, virtualization
  hypervisors and also look after the on premise
  hybrid data center infrastructures.
• The rack/row based technique is predicted to
  witness a high growth over the forecast timeline
  in the data center cooling market owing to the
  need to provide precise cooling as the airpaths
  are smaller. It also helps in ensuring cooling
  capacity and redundancy to be targeted to actual
  needs of specific rows. Rack/row-based technique
  provides advantages such as high speed,
  flexibility, and density with less cost. In
  addition, the electricity costs for a row-based
  are generally lower than the room-based practice
  as the CRAH components are closely sized and
  coupled with the load.

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Continued...

• The colocation application segment is expected to
  grow at a significant rate in the data center
  cooling market as it offers more flexibility and
  so that it is easy to scale up the IT environment
  and align the business at the same time. It also
  helps the service providers in focusing on their
  core competencies and focus less on the
  management of the data centers. In addition, it
  offers cost effectiveness as it reduces the total
  cost of ownership of the equipment.
• The data center cooling market in Asia Pacific is
  expected to witness significant growth owing to
  the flourishing financial sector in developing
  economies such as India. The rising requirement
  for cost effective and energy efficient solutions
  to minimize the energy consumption levels will
  have a positive impact on the industry in the
  region. Furthermore, the demand for cloud data
  centers will also augment the demand in the
  region.

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Companies

• Black Box Corporation
• Schneider Electric Se
• Airedale International Air Conditioning Ltd
• Stulz GmbH
• Rittal GmbH Co. KG
• Vertiv Co.
• Asetek
• Coolcentric

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