Pune, India, February 12, 2021 (GLOBE NEWSWIRE) – Global data center cooling market size is expected to reach USD 11.97 billion by 2028. The growing global industry will create a number of opportunities growth for companies operating in this market. According to a report published by Fortune Business Insights, entitled “Data center cooling market Size Analysis, Share & Industry, By Product (Air Position, Precision Air Position, Chillers, Air Handling Unit, and others), By Data Center Type (Large Scale DC, Medium Scale DC, and Small Scale DC), With Cooling Technology (Room-based Cooling, Rack-Based Cooling, and Series-Based Cooling), by Industry (BFSI, IT and Telecommunications, Manufacturing, Sales, Healthcare, etc.) regional, 2021-2028, ”The market size was 6.27 billion USD in 2018 and will show a CAGR of 8.5% in the forecast period, 2021-2028.
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Data centers are corporate network drivers that store big data for companies and related organizations. The growing IT sector offers great potential for market growth in recent years. The large investments in the development of existing systems, as well as the emphasis on the introduction of newer technologies, will have a major impact on market growth. The benefits of data cooling centers lead to wider adoption. They help avoid data loss and then reduce financial loss. The adoption of more data centers by major companies around the world will have a direct impact on market growth.
The report provides an in-depth study of the global data center cooling market. It highlights the latest product launches and recent innovations in the market and explains their impact on market growth. The competitive outlook has been discussed in detail and key companies and outcomes are forecast for the coming years. Forecast values have been provided for the market for the period 2021-2028. The actual figures were obtained through reliable sources. Moreover, these predictions are made on the basis of extensive research analysis methods, along with the opinions of experienced market research professionals.
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An increase in the number of product shows will help grow
The report includes a number of factors that contributed to the growth of the market in recent years. Due to the huge potential of the market, a number of companies are looking to develop their existing agendas. In August 2021, Schneider Electric announced the expansion of its data center solutions package by incorporating improved and digital versions of critical resources activity. These solutions are designed specifically for big data center operators. With benefits such as greater operational efficiency, lower risk, and higher uptime, and efficient IT design, the product is wet to see significant demand in the coming years.
North America to Evidence of Vegetative Growth; High investment in product development to aid growth
The report analyzes ongoing data center cooling market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these segments, the North American market will emerge dominant in the coming years. The growing investment in data centers with large US-based companies will help market growth in this sector. In addition to North America, the market in Asia Pacific will see significant growth in the coming years, due to the presence of several large companies throughout this region.
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Some of the leading companies operating in the global data center cooling market are:
- ABB Limited.
- Airedale air conditioning
- Asetek, Inc.
- Black Box Corporation
- Commscope
- Cormant, Inc.
- Device42, Inc.
- Emerson Electric Company
- FNT GmbH
- Nlyte
- Nortek Air Solutions, LLC
- Best Way Inc.
- Panduit
- Rackwise
- Schneider Electric
- Sunbird Software, Inc.
- Vertiv Group Corp.
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Business Developments:
November 2021 – Sunbird Software has announced the accessibility of its ‘dcTrack’. DcTrack is a data center infrastructure management (DCIM) operating software.
Table of contents
- Introduction
- Explanation, By cookie
- Research Methodology
- Sources
- Government Minutes
- Market dynamics
- Drivers, Barriers and Opportunities
- Emerging trends
- Key views
- Economic Macro and Micro Signals
- Confirmed SWOT analysis of key players
- Five Force Analysis
- Global data market analysis, outlook and outlook, 2015-2028
- Main Findings / Summary
- Market size measurements and projections
- With Result (Value)
- Air conditioning
- Precise air conditioning
- Chillers
- Air Handling Unit
- Others (air economists, heat rejection and others)
- By Data Center Type (Value)
- Large scale DC
- Medium Scale DC
- Small DC Scale
- With Cooling Technology (Value)
- Room-based cooling
- Rack based cooling
- Series based cooling
- By industry (value)
- Banking, Financial Services, and Insurance
- IT and Telecom
- Manufacturing
- Reic
- Health care
- Others (Government & Defense, Energy, and others)
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- With Result (Value)
TOC continues ….!
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