Data center cooling is the heat removal process from data centers. Due to excessive server load, heat production becomes a factor for inefficient operations. Precise cooling and efficient heat rejection methods are being adopted for data center cooling. Data centers consume a significant amount of electricity and with technological advancements, companies are reducing the electricity consumption and cooling efficiency. Data center cooling market is growing due to the increasing number of data centers across the globe. Increasing demand for data storage is growing the need for data centers. Moreover, cloud computing is contributing substantially to the rising number of data centers across the globe. With the increasing application of computer enabled services in sectors such as BFSI, healthcare, retail, telecommunication, and various other areas, storage density is increasing, thus, demand for data center cooling systems is increasing proportionally. The emergence of advanced technologies estimated to grow the demand for data centers further in the forecast period.
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Global data center cooling market is segmented on the basis of the components into software and hardware. Hardware segment is contributing a major share due to the high cost of hardware components as compared to software. On the basis of cooling methods, the market is segmented into air-based systems and liquid-based system for cooling. With the comparatively more efficient cooling provided by a liquid-based cooling system, market share is estimated to grow significantly in the forecast period. Global data center cooling market on the basis of end-user is segmented into telecom & IT, BFSI, healthcare, and others.
In the geographic overview, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. Due to the presence of a high number of data centers and companies with heavy data storage facilities, North America is leading the global data center cooling market. Asia-Pacific is the fastest emerging region in the market due to increasing demand for data centers in various sectors. Growing ICT industry in the region is contributing to the growth rate substantially.
Global data center cooling market comprises of various companies such as Schneider Electric SE, Cologix Inc., Daikin Industries Ltd., Fujitsu Ltd., Vertiv Co., IBM Corp., Eaton Corp., 3M Co., and so on. Companies are targeting potential regions with the increasing demand for data centers in order to expand the geographical presence. The companies are focusing on liquid-based cooling solutions due to increasing demand for better cooling. Merger and acquisitions is one of the key strategies of the market players in order to gain competitiveness in the market.
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Data Center Cooling Market – Segmentation
By Components
- Software
- Hardware
ByCooling Method
- Air-Based Method
- Liquid-Based Method
ByEnd-User
- Telecom & IT
- BFSI
- Healthcare
- Others
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