Share Market Newspaper

Data Center Cooling Market Reach Lucrative Growth of $20.7 Billion By 2025: Grand View Research, Inc.

 Breaking News
  • No posts were found

Data Center Cooling Market Reach Lucrative Growth of $20.7 Billion By 2025: Grand View Research, Inc.

September 09
12:02 2019
Data Center Cooling Market Reach Lucrative Growth of $20.7 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global data center cooling market size was valued at USD 8.6 billion in 2018 and is expected to register a CAGR of 13.5% over the forecast period.

The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.

Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth. For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country. Such initiatives are expected to drive the market in UAE.

Data center cooling accounts for over 30% of the total energy consumption. In the current scenario, companies are moving toward sustainable cooling, which can save up to 80% or more on energy costs for cooling. For instance, Apple’s North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.

Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/data-center-cooling-market

Asia Pacific data center cooling market size, by product, 2014 - 2025 (USD Billion)

Key Takeaways from the report:

  • Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks
  • Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth
  • Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques
  • Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East
  • Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries
  • The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025
  • Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence

Global data center cooling market share, by structure, 2018 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/2680/ibb

Grand View Research has segmented the global data center cooling market on the basis of product, application, containment, structure, and region:

Data Center Cooling Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Air Conditioners
  • Precision Air Conditioners
  • Chillers
  • Air Handling Units
  • Others

Data Center Cooling Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Telecom
  • IT
  • Retail
  • Healthcare
  • BFSI
  • Energy
  • Others

Data Center Cooling Containment Outlook (Revenue, USD Million, 2014 – 2025)

  • Raised Floor with Containment
    • Hot Aisle Containment (HAC)
    • Cold Aisle Containment (CAC)
  • Raised Floor without Containment

Data Center Cooling Structure Outlook (Revenue, USD Million, 2014 – 2025)

  • Rack-based Cooling
  • Row-based Cooling
  • Room-based Cooling

Data Center Cooling Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Nordic Countries
    • Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South East Asia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Related Reports :

Cable Management System Market Analysis Report By End Use, By Material (Metallic, Non-Metallic), By Product (Cable Trays, Trunks, Conduits, Boxes & Connectors), And Segment Forecasts, 2019 – 2025

https://www.grandviewresearch.com/industry-analysis/cable-management-system-market

MEA Cloud Infrastructure Services Market Size, Share & Trends Analysis Report, By Deployment (Public, Private, Cloud), By Organization, By Service (PaaS, IaaS, CDN/AND, DRaaS), And Segment Forecasts, 2018 – 2025

https://www.grandviewresearch.com/industry-analysis/mea-cloud-infrastructure-services-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/data-center-cooling-market