Added “Data Center Cooling Market by Solution (Air Conditioner, Cooling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Cooling Type, Data Center Type, Industry, and Region – Global Forecast to 2025” report was added ResearchAndMarkets.com Offer.
The data center cooling market is projected to grow from $ 9,425 million in 2020 to $ 15,669 million in 2025, with an average annual growth rate (CAGR) of 10.7% from 2020 to 2025.
The main reasons for the growth of the data center cooling market are the improvement of efficiency in data centers, increasing expenses for data centers, a significant growth in the number of data centers and their power density, the increasing demand for low-cost data center solutions and the increasing importance of environmentally friendly data center solutions. These factors are responsible for driving demand for the data center cooling market.
The Service Components segment of the Data Center Cooling Market is expected to grow with the highest CAGR in the global Data Center Cooling Market during the forecast period 2020-2025. The services associated with the cooling of data centers such as consulting, installation and provision, maintenance and support are expected to increase in user demand.
It is estimated that Liquid Cooling Systems will see the highest growth in the Data Center Cooling market by solution segment during the forecast period
Once resolved, the Liquid Cooling Systems segment is expected to experience the highest growth in the global data center cooling market over the forecast period. The high growth in the liquid cooling systems segment is primarily due to the advantages over air-cooled systems. The liquid cooling systems offer advantages such as cooling at a lower energy cost compared to air cooling systems, as well as lower noise levels from devices such as fans in the air cooling systems.
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It is estimated that the Maintenance and Support segment will see the highest growth in the Data Center Cooling market by service segment during the forecast period
According to Services, the Maintenance and Support segment is expected to grow with the highest CAGR in the global Data Center Cooling Market during the forecast period. Factors such as the risk associated with data center failure support regular preventive maintenance of the cooling infrastructure in data centers. In addition, preventive maintenance can help identify systems that are at risk of failure, avoid downtime, reduce maintenance costs, and maximize product life.
It is estimated that during the forecast period, ROW / Rack-based Cooling will grow with the highest growth in the Data Center Cooling Market by Cooling Segment Type
By Cooling Type, the row / rack-based cooling segment is estimated to grow with the highest CAGR in the data center cooling market over the forecast period. Row / rack based cooling helps reduce airflow path length in data centers. This, in turn, not only reduces the power required for cooling, but also reduces waste, thereby increasing cooling efficiency. These solutions are used in data centers of all sizes that require cooling for standalone servers and high density servers.
It is estimated that midsize data centers will see the highest growth in the Data Center Cooling market by segment for data center during the forecast period
By data center type, the mid-sized data center segment is expected to grow with the highest CAGR in the global data center cooling market over the forecast period. The data center cooling solutions provided by large corporations for midsize data center allow facility owners to start with low density data centers and later scale up to high density as needed. This benefit, coupled with the exponential growth in the number of companies using data centers to store business-critical data, is expected to drive the adoption of data center cooling solutions in midsize data centers in the future.
Government and Defense are expected to grow with the highest growth in the Data Center Cooling Market by industry segment over the forecast period
By industry, the government and defense segment is expected to grow with the highest CAGR in the global data center cooling market from 2020 to 2025. Factors such as the focus on the digitization of information by governments worldwide and higher investments from the defense sector In order to expand and strengthen the existing IT infrastructure, the demand for high-performance data centers that require a high server density is increasing.
The Asia-Pacific data center cooling market is expected to grow at the highest CAGR in value terms over the forecast period
The Asia-Pacific region is expected to be the fastest growing data center cooling market over the forecast period. Factors such as the growing demand for cooling for data centers is primarily due to increasing investment by the public and private sectors in projects targeting sectors such as banking, telecommunications and government. It is also expected that factors such as the growing IT and digital commerce sector will increase traffic in the region and drive the growth of the data center cooling market over the forecast period.
The market report on data center cooling is dominated by players such as Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (USA), AdaptivCOOL (USA), Airedale International (Great Britain), Rittal GmbH & Co. KG (Germany). Nortek Air Solutions, LLC (USA), Schneider Electric SE (France), Vertiv Holdings Co. (USA), Black Box Corporation (USA) and Munters Group AB (Sweden).
Please visit https://www.researchandmarkets.com/r/vwlajg for more information on this report
View source version on businesswire.com: https://www.businesswire.com/news/home/20210310005539/de/
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