Data Center Cooling Industry to surpass $20bn by 2024

0

No comments posted yet

Comments

Slide 1

Fuel Cell Market size worth $25.5bn by 2024 Data Center Cooling Market to cross $20bn by 2024: Global Market Insights Inc.

Slide 2

Data Center Cooling Market size is set to exceed USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. Increase in the power consumption levels and the need to enhance the overall efficiency is expected to fuel the data center cooling market demand over the forecast timeline. Data centers necessitate a cool environment to eliminate the recirculation of heat, as the excessive heat generated from the equipment can cause interrupted flow of information, data loss or may even damage the systems. Implementation of hot and cold aisles, installation of blanking panels and usage of close-coupled cooling are among the factors to improve the overall efficiency and provide energy efficient solutions. The increasing need to offer systems with high efficiency which do not need high energy consumption will drive the data center cooling market in the next seven years. The green data centers are gaining traction in the industry due to the need for energy efficient cooling systems as they utilize renewable sources of energy. Key Insights from Data Center Cooling Market:

Slide 3

There is an inclination towards the adoption of containerized data centers and construction of modular data centers have increased to deliver high efficiency. They also help in reducing the energy consumption and carbon emission levels, thereby fueling the data center cooling market demand. These data centers are anticipated to witness growth in the enterprises because of their effectiveness, and their ability to adapt to variations in humidity and temperatures. Concerns related to the high cost of these equipment and the maintenance required by them might hamper the data center cooling market growth. Factors such as emission of harmful gases and rising heat energy densities will also negatively impact the growth. In addition, the reluctance of service providers in the less tech savvy regions such as Asia Pacific to implement advanced technologies is predicted to pose a challenge to the data center cooling market growth. Continued...

Slide 4

China data center cooling market size, by service, 2016 & 2024 (USD Million)

Slide 5

Browse Full Market Research Report On Data Center Cooling Market @ http://bit.ly/1UMhBr3 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/423

Slide 6

Increasing adoption for liquid cooling systems due to the ability to consume less energy will fuel the data center cooling market. The rising number of racks installed in the facilities and the increasing rack power density has enabled many operators to opt for liquid cooling systems. The maintenance and support services will grow at the highest rate due to the need to execute and manage the infrastructure to ensure reliable and scalable infrastructure. The service also helps in the management of servers, virtualization hypervisors and also look after the on premise hybrid data center infrastructures. The rack/row based technique is predicted to witness a high growth over the forecast timeline in the data center cooling market owing to the need to provide precise cooling as the airpaths are smaller. It also helps in ensuring cooling capacity and redundancy to be targeted to actual needs of specific rows. Rack/row-based technique provides advantages such as high speed, flexibility, and density with less cost. In addition, the electricity costs for a row-based are generally lower than the room-based practice as the CRAH components are closely sized and coupled with the load. Continued...

Slide 7

The colocation application segment is expected to grow at a significant rate in the data center cooling market as it offers more flexibility and so that it is easy to scale up the IT environment and align the business at the same time. It also helps the service providers in focusing on their core competencies and focus less on the management of the data centers. In addition, it offers cost effectiveness as it reduces the total cost of ownership of the equipment. The data center cooling market in Asia Pacific is expected to witness significant growth owing to the flourishing financial sector in developing economies such as India. The rising requirement for cost effective and energy efficient solutions to minimize the energy consumption levels will have a positive impact on the industry in the region. Furthermore, the demand for cloud data centers will also augment the demand in the region. Continued...

Slide 8

Black Box Corporation Schneider Electric Se Airedale International Air Conditioning Ltd Stulz GmbH Rittal GmbH & Co. KG Vertiv Co. Asetek Coolcentric Companies

Slide 9

Stay In Touch Website: www.gminsights.com Social Media:

Summary: Request Sample of Report @ http://bit.ly/2bSpnAM The North America data center cooling market dominated the industry in 2016 due to the presence of technology giants such as Facebook, Google and Microsoft who are constantly seeking new ways to manage their rising data. Escalating growth in web-based services and need for highly efficient data storage capacities has put a substantial load on the national power systems fueling the demand for efficient systems in the market.

Tags: data center cooling market design chilling unit air conditioner tower control system economizer liquid electronics semiconductor networking technology business

URL: