Data Center Cooling Market — Present Scenario and the Growth Prospects with Forecast 2020

Market-Research

Cooling in data center environment refers to the technologies and equipment deployed in data centers to avoid heating in order to enhance the performance and reduce downtime caused due to overheating. Cooling technologies are rapidly proving to be a critical element in the efficient functioning of data centers.

In the recent years, the amount of data consumed has grown exponentially across the globe leading to the proliferation of traditional and cloud based data centers. As the need for higher data processing and information storage capacity and capability has increased, enterprises are expanding their existing data center infrastructure as well as deploying new data centers. Further, there has been increased focus on enhancing the efficiency of data centers which has lead to growth in demand for data center cooling. The increase in capacity and processing requires higher energy consumption which in turn leads to higher heat generation.

Various solutions in the data center cooling market include air conditioning solutions, chillers, economizers, cooling towers, server/rack cooling and management systems. Key industry verticals deploying data centers and data center cooling solutions include banking, financial services and insurance (BFSI), telecom and information technology (IT), oil and gas sector, utility sector, healthcare and government and public sector, among others. Various user types in data center cooling market include cloud providers, collocation providers, and enterprises. Enterprise sector is further segmented into small and medium size enterprises (SME) and large size enterprises.

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North America is the leading region for data center cooling market. However, Europe and Asia Pacific are anticipated to experience faster growth over the coming years. Europe is experiencing faster growth owing to stringent government regulations in place in the region regarding energy efficiency. Asia Pacific is experiencing rapid growth in data consumption and thus high growth in both traditional and cloud data centers. This is creating demand for data center cooling technologies in the region.