Overview:

Data center cooling technology is specifically designed for high density servers that help in cooling the server by optimizing the airflow. With help of the equipment the airflow is managed and the cooling system helps in lowering heat more efficiently. Chilled water technique is more commonly used in mid-to-large-sized data centers as the cool air with the help of air handlers is brought in the centers.

Market Dynamics:

Availability of 4G & 5G networks across the globe, emergence of cloud technology and internet of things in order to manage the business is resulting in demand for data centers in order to lower the overall IT operational cost this is major factor expected to drive the growth of global data center cooling market. In addition, flourishing IT & telecommunication sector in developing countries is resulting in increasing demand for energy efficient data centers this is another factor anticipated to support the growth of target market.

However, factors such as high initial cost and lack of required specialized infrastructure in developing countries are expected to hamper the growth of global data center cooling market.

Key Trends:

Construction and establishment of new efficient data centers is the key trend witnessed in the global data center cooling market. In 2018 Digital Realty Trust, Inc. a company focused on providing colocation, data center, and interconnected solutions, across the globe established its third data center in Canada.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to flourishing IT sector and rising demand for data centers in order to lower the business operational cost.

Scope of the Report:

Detailed Segmentation:

Global Data Center Cooling Market, By Component:

• Solutions
• Services

Global Data Center Cooling Market, By Type of Cooling:

• Room-Based Cooling
• Rack-Based Cooling
• Row-Based Cooling

Global Data Center Cooling Market, By Type:

• Enterprise Data Centers
• Colocation Data Centers
• Wholesale Data Centers
• Hyperscale Data Centers

Global Data Center Cooling Market, By Industry Vertical:

• BFSI
• Manufacturing
• IT & Telecom
• Healthcare
• Government & Defense
• Retail
• Energy

Key Players Covered:

Key players operating in the market includes, Schneider Electric SE, Black Box Corporation, Nortek Air Solutions, LLC, Emerson Electric Co. Hitachi, Ltd., Rittal Gmbh & CO. KG, Fujitsu Ltd., Stulz GmbH, VERTIV, and Asetek A/S.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Data Center Cooling Market by component, type of cooling, type, industry vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global data center cooling market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.