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Data Center Cooling Market Analysis By Component (Solution, Services), By Industry Vertical (BFSI, Manufacturing, IT & Telecom, Media & Entertainment, Government & Defense, Healthcare, Energy, Others) & Forecast 2024-2035

  • PUBLISHED ON
  • 21/03/2023
  • NO OF PAGES
  • 268
  • CATEGORY
  • Heavy Industry
Market Overview:
The global data center cooling market size was valued at USD 15,541.8 million in 2022, and is projected to reach USD 32,308.7 million by 2032 at a CAGR of 15.0% from 2022 to 2032.

The data center cooling market refers to the technologies and solutions used to maintain optimal temperature and humidity levels in data centers. The goal of data center cooling is to prevent overheating of the IT equipment and maintain a stable and efficient operating environment for the servers and other hardware.

Efficient data center cooling is essential to ensure that servers and other IT equipment are operating at their optimal performance levels. By maintaining optimal temperatures and humidity levels, businesses can reduce the risk of downtime and equipment failure, which can have significant financial and reputational costs. Additionally, effective cooling solutions can improve energy efficiency, reduce operating costs, and lower the carbon footprint of data centers. Data center cooling solutions include various technologies and methods, including air conditioning, liquid cooling, free cooling, and heat pumps. These solutions can be integrated with other data center infrastructure systems, such as power distribution and server racks, to create a comprehensive and efficient operating environment.

The adoption of data center cooling solutions is increasing as the demand for data storage and processing continues to grow. As more businesses rely on cloud computing, big data analytics, and other data-intensive applications, the need for efficient and reliable cooling solutions becomes increasingly critical. The data center cooling market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for high-performance computing, the adoption of green data center technologies, and the need to reduce energy consumption and operating costs. In addition, the growing trend of edge computing, which involves bringing computing resources closer to the user or device, is also driving the demand for innovative cooling solutions. Edge data centers often have unique cooling requirements due to their smaller size, distributed architecture, and location in remote or harsh environments.

The growing demand for data storage and processing is the primary driver of the data center cooling market.
The data center cooling market is being driven by the increasing demand for data storage and processing, which is being driven by the growth of cloud computing, big data analytics, and other data-intensive applications. As businesses become increasingly reliant on data centers to store and process their data, the need for efficient and reliable cooling solutions becomes increasingly important. In addition to the growth of data-intensive applications, the trend towards green data center technologies is also driving the market. With the rising cost of energy and the need to reduce carbon emissions, data center operators are looking for more energy-efficient and environmentally friendly cooling solutions to reduce operating costs and meet sustainability goals.

Moreover, the increasing adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) is driving the demand for data centers, which in turn is driving the need for effective cooling solutions. These technologies generate a vast amount of data, which needs to be stored and processed in data centers, further fueling the growth of the data center cooling market.

Segmentation:
By Component:
• Solution
• Services

By Industry Vertical:
• BFSI
• Manufacturing
• IT & Telecom
• Media & Entertainment
• Government & Defense
• Healthcare
• Energy
• Others

Geography:
The data center cooling market is dominated by North America, followed by Europe and the Asia-Pacific region. The United States is the largest market for data center cooling solutions, driven by the high concentration of data centers in the region, particularly in Silicon Valley and other major technology hubs. Europe is the second-largest market, led by countries such as the UK, Germany, and France. The Asia-Pacific region is also experiencing significant growth, driven by the rapid expansion of data centers in countries such as China, India, and Singapore.

Impact of COVID-19 on the global Data Center Cooling Market:
The COVID-19 pandemic has had a mixed impact on the data center cooling market. On the one hand, the increased demand for cloud services and remote working has led to a surge in data center activity, driving the need for more efficient and effective cooling solutions. On the other hand, supply chain disruptions and delays in construction projects have slowed down market growth to some extent. During the early stages of the pandemic, there was a significant increase in internet traffic as more people started working from home and using online services. This led to an increased demand for data center services and cooling solutions, as data centers worked to keep up with the higher demand. However, the pandemic also caused a slowdown in new data center construction and upgrades, which affected the demand for new cooling solutions. Furthermore, the pandemic caused supply chain disruptions, which led to delays in the delivery of cooling equipment and components. Some data center operators had to delay their expansion plans due to the shortage of equipment and the limited availability of construction labor.

Impact of the Russia-Ukraine War on the global Data Center Cooling Market:
The ongoing Russia-Ukraine conflict has not had a significant impact on the data center cooling market. Most of the major data center cooling companies are headquartered in other regions and do not have a significant presence in the conflict zone. However, there may be some indirect impact due to geopolitical tensions and potential disruptions in the global supply chain. The conflict could potentially disrupt the supply chain for data center cooling equipment and components, as many of these products are manufactured in countries that are geographically close to the conflict zone. Any disruption in the supply chain could lead to delays in the delivery of equipment and components, which could affect the construction and expansion plans of data center operators. Furthermore, the geopolitical tensions between Russia and Ukraine could potentially lead to changes in international trade policies and regulations, which could also impact the data center cooling market. However, at this point, it is difficult to predict the extent of the impact, as the conflict is ongoing and the situation is constantly evolving.

Company Profiles:
• Schneider Electric SE
• Vertiv Co.
• Stulz GmbH
• Rittal GmbH & Co. KG
• Airedale International Air Conditioning Ltd
• Mitsubishi Electric Corporation
• Asetek A/S
• Submer Technologies SL
• Black Box Corporation
• Climaveneta S.p.A.
• Delta Electronics, Inc.
• Huawei Technologies Co., Ltd.
• Fujitsu Limited
• Hitachi, Ltd.
• Nortek Air Solutions, LLC
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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