CHICAGO, UNITED STATES, July 13, 2023/EINPresswire.com/ — The global ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ ๐๐จ๐จ๐ฅ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ generated revenue of ๐๐$ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ and is projected to attain a valuation of ๐๐$ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, growing at a ๐๐๐๐ ๐จ๐ ๐๐.๐๐% during the forecast period from ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/data-center-cooling-market
Businesses and organizations use data centers to store and handle enormous amounts of data. Data centers are crucial elements of modern computing. Due to the rising number of data centers and the demand for energy-efficient solutions, the data center cooling market has tremendous growth potential.
There are currently 8,000 data centers worldwide, and as companies and organizations continue to adopt digital technologies, this number is certain to rise. This gives businesses in the data center cooling market a chance to create cutting-edge solutions that cater to the particular requirements of various types of data centers.
The higher data quantities brought on by the increased use of OTT and streaming services have fueled market growth. The demand for efficient cooling systems for data centers will rise due to the rising amount of data produced by online streaming services like Disney+ Hotstar, Hulu, and Netflix. There is a growing demand in the market to guarantee that providers of data center cooling have the capacity and ability to offer high-performance solutions that can operate effectively during periods of high traffic.
๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ ๐๐จ๐จ๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The solution component segment is likely to generate the highest revenue since it comprises the many cooling technologies used in data centers, including air conditioning, chillers, cooling towers, etc. These solutions are necessary to keep data centers at the ideal temperature and humidity levels while avoiding equipment failure.
๐๐ง๐-๐๐ฌ๐๐ซ๐ฌ ๐๐ซ๐ ๐๐ข๐๐๐ฅ๐ฒ ๐๐๐จ๐ฉ๐ญ๐ข๐ง๐ ๐๐จ๐จ๐ฆ ๐๐๐ฌ๐๐ ๐๐จ๐จ๐ฅ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
In 2022, the room-based cooling type segment generated 62.6% of the revenue share and is likely to expand at the highest CAGR during the forecast period. This is due to the rising popularity of the room-based cooling approach. The technique is well-liked since it continuously blends hot and cold air to maintain an appropriate temperature and avoid hot areas.
๐๐ ๐๐ง๐ ๐๐๐ฅ๐๐๐จ๐ฆ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ง๐-๐๐ฌ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ ๐๐จ๐จ๐ฅ๐ข๐ง๐
The IT and telecom sector is predicted to dominate the data center cooling market, given that it uses data centers the most and has the highest demand for cooling solutions. Depending on the size of the business, the IT industry requires hyperscale data centers and on-premise private data storage for its operations. The usage of cloud storage has also grown over time owing to the expansion of SaaS providers, allowing cloud storage providers to improve their capacities, which is anticipated to lead to an increase in the need for data center cooling systems.
In order to enable more effective workflow on the cloud, cloud storage providers like Microsoft, AWS, and Google are boosting their storage capacity. These businesses invest in hyperscale transactions. As a result of its new tensor processing units (TPUs) producing more heat than its prior data center cooling systems could handle in June 2022, Microsoft and Meta joined Google in employing AI to help manage their data centers.
Due to the demand for improved, high-quality cooling solutions that are more effective than the conventional air-cooling solution, the cooling system is crucial in the IT and data center sector. Additionally, the rise in demand for cooling systems among smartphone manufacturers for thermal management and the spike in technical innovation in IT infrastructure drive the market expansion.
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐๐ง๐๐ซ๐๐ญ๐ ๐๐ฏ๐๐ซ ๐๐% ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐๐ซ๐
The proliferation of cloud computing technology and the rising demand for digital services are pushing the Asia Pacific region to become a new center for data centers. Thus, the region is anticipated to present profitable potential for the data center cooling market. The Asia Pacific region has a sizable number of data centers, with China and India at the forefront. Recent studies state that India has over 163 hyperscale data centers, whereas China is home to over 443 of them. The data center market in the region is also heavily populated by other nations, including Singapore, Japan, and Australia.
The market is expanding owing to recent improvements and advances in the region. For instance, the recent opening of Singapore’s first green data center, the BCA-IMDA Green Mark Platinum data center, has brought attention to the significance of running green data centers that are sustainable and low-impact on the environment. The country has also developed several green data centers due to China’s push for renewable energy sources, which is anticipated to fuel the expansion of the data center cooling market.
By 2031, it is anticipated that the Asia Pacific region’s data center market will have experienced tremendous expansion. For instance, the first phase of the Dongyuemiao Data Center Project in Hubei Province, China, was completed with the help of Huawei Digital Power’s infrastructure solution. Once all three phases are finished, the data center, which is situated on the Three Gorges Dam’s bank, will be the largest green data center cluster in Central China. It will cover more than 100,000 square meters and have 26,400 racks. This offers a fantastic chance for providers of data center cooling to profit from the expanding need for dependable and energy-efficient data center cooling solutions in the region.
๐๐จ๐ฉ ๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ญ๐ญ๐๐ข๐ง ๐๐ฏ๐๐ซ ๐๐% ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ซ๐
Numerous firms are striving for market dominance in the fiercely competitive data center cooling market. The market is mildly oligopolistic, with the four biggest firms holding a combined market share of close to 45%. According to Astute Analytica, Vertiv and Schneider Electric are the two leading companies, holding about 22% and 13% of the market revenue share.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/industry-report/data-center-cooling-market
Vertiv is currently the dominant player in the global data center cooling market. Precision air conditioners, free cooling systems, and liquid cooling systems are just a few of the data center cooling options the company provides. Vertiv has been able to hold onto its dominant position in the market because of its broad product offering and robust market presence.
Schneider Electric is the second-largest company in the market. The business provides several data center cooling options, such as chilled water systems, in-row cooling systems, and room air conditioners. Due to its wide range of products and solid brand recognition, Schneider Electric has been able to hold onto a sizable portion of the market.
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โข Asetek Inc.
โข Coolcentric
โข Daikin Industries Ltd
โข Green Revolution Cooling
โข Iceotope
โข Johnson Controls International PLC
โข Liquid Cool Solutions Inc.
โข LiquidStack
โข Mitsubishi Electric Corporation
โข Munters Group AB.
โข Nortek Air Solutions
โข Parker Hannifin
โข Rittal GmbH & Co. KG
โข Schneider Electric SE
โข SPX Cooling Technologies, Inc
โข STULZ GMBH
โข Telx Holdings, Inc. (Digital Realty Trust, Inc.)
โข Vertiv Co.
โข Other Prominent Players
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐ฅ๐ข๐ง๐
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐ ๐๐๐ง๐ญ๐๐ซ ๐๐จ๐จ๐ฅ๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐๐ฎ๐ฌ๐๐ฌ ๐จ๐ง ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ, ๐๐๐ญ๐ ๐๐๐ง๐ญ๐ซ๐ ๐๐ฒ๐ฉ๐, ๐๐ฒ๐ฉ๐ ๐จ๐ ๐๐จ๐จ๐ฅ๐ข๐ง๐ , ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง.
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ
โข Solution
o Air Conditioning
o Chilling Units
o Cooling Towers
o Economizer Systems
o Liquid Cooling Systems
o Control Systems
o Others
โข Services
o Consulting
o Installation & Deployment
o Maintenance & Support
๐๐ฒ ๐๐๐ญ๐ ๐๐๐ง๐ญ๐ซ๐ ๐๐ฒ๐ฉ๐
โข Tier 1
โข Tier 2
โข Tier 3
โข Tier 4
๐๐ฒ ๐๐ฒ๐ฉ๐ ๐จ๐ ๐๐จ๐จ๐ฅ๐ข๐ง๐
โข Room-based Cooling
โข Row/Rack-based Cooling
๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
โข BFSI
โข IT & Telecom
โข Research & Academic
โข Government & Defense
โข Retails
โข Energy
โข Manufacturing
โข Healthcare
โข Others
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
โข North America
o The U.S.
o Canada
o Mexico
โข Europe
o The U.K.
o Germany
o France
o Italy
o Russia
o Spain
o Poland
o Rest of Europe
โข Asia Pacific
o China
o India
o Japan
o Taiwan
o South Korea
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
โข South America
o Argentina
o Brazil
o Rest of South America
o Middle East & Africa (MEA)
โข UAE
o Saudi Arabia
o South Africa
o Rest of MEA
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/data-center-cooling-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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Aamir Beg
Astute Analytica
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