Published on : Apr 12, 2017
Albany, New York, April 12, 2017: The 81-page research study, titled “Global Data Center Cooling Solutions Market 2017-2021,” offers a thorough overview, highlighting the key aspects and dynamics that are predicted to encourage the growth of the market over the forecast period. As per the research study, the global market for data center cooling solutions is predicted to register a progressive 10.0% CAGR between 2017 and 2021.
The tremendously rising demand for data centers and the increasing need to reduce OPEX are projected to encourage the growth of the market in the next few years. The increasing use of free cooling techniques and the rising traction towards immersion cooling solutions are likely to supplement the growth of the global data center cooling solutions market in the near future. On the flip side, the rising environmental concerns, consolidation of data centers, and the lack of technical expertise are anticipated to restrict the growth of the market in the coming years. Nonetheless, the increasing use of DCIM solutions is expected to accelerate the growth of the market in the coming years.
On the basis of application, the global data center cooling solutions market has been divided into chillers, air conditioners and air handlers, economizers, and cooling towers and dry coolers. In 2016, the segment for air conditioners and air handlers held a massive share of the global data center cooling solutions market and is predicted to remain in the similar position in the coming years. The easy availability of precision air conditioners, which have accurate control over humidity and temperature, and consume less power in comparison with other comfort air conditioners are projected to fuel the growth of this segment in the forecast period.
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According to the research report, Asia Pacific is expected to remain in the leading position and account for a large share of the global market in the next few years. The rising number of cloud data centers in nations, including India and Korea and the significant rise in the construction of data centers in China by several leading companies are some of the key factors anticipated to encourage the growth of the Asia Pacific market in the forecast period. The expected share and growth rate of each regional segment have been included in the research study to offer a clear understanding of the market.
The global data center cooling solutions market is extremely competitive in nature with a significant rise in the number of players entering the market across the globe. The leading players in the global market are emphasizing on the introduction of new and innovative products in order to attract a large number of consumers and create a prominent position throughout the forecast period. Some of the prominent players operating in the data center cooling solutions market across the globe are STULZ, Rittal, Airedale Air Conditioning, Data Aire, Vertiv, Climaveneta, and Schneider Electric. A list of the other key players has been provided in the scope of the research report.
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