Data Center Cooling Market Size in Services Segment is Projected to Witness High Growth By 2024

The services segment is expected to witness growth in the data center cooling market due to the demand from the customers to efficiently manage the facility and gain insights for better management. The maintenance service providers help in minimizing the maintenance of the underutilized equipment so that the Power Usage Effectiveness (PUE) can be lowered. They also carry out the inspection under the raised floor as most of the cooling equipment is kept there. This makes the operators more aware of any kind of potential issues such as rodent, water droppings, any loose floor foundations and openings in the surrounding walls.
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In order to enhance operational performance, many organizations are deploying more blade servers, which however results in high electricity requirement. The rise in electricity and cooling demand not only hampers the productivity of data centers but also increases the cooling costs. In this regard, several business enterprises are investing heavily in the development of efficient cooling and heat management facilities, which would considerably impact data center cooling industry trends. For instance, well-known internet giants Facebook and Google have declared an investment plan of USD 700 million to construct data centers in Iowa across U.S, which would help impel the commercialization scope of the regional data center cooling market.
Traditionally, in order to construct a new data center, nearly 35% of overall expenditure should be invested on cooling equipment. In fact, the increasing usage of emerging technologies such as Internet of things (IoT) and AI are fueling the requirement of powerful and larger data centers. In this regard, many of the giants in data center cooling market including Black Box Corporation, Schneider Electric SE, Rittal GmbH & Co. KG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning are investing heavily in research and development activities to develop efficient and cost-effective cooling technology.
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The data center cooling market in Asia Pacific will observe high growth accredited to rising number of data centers in the region due to the increasing demand for digitalization due to the convenience offered. The facilities help in supporting the digitalization trend as it significantly reduces the carbon emissions and overall energy consumption. Many key players such as Equinix are investing to construct these facilities due to the long term economic prospects and the increasing penetration of the internet in the region. In addition, the flourishing telecommunication industry and the demand for the availability of critical data will fuel the data center cooling market growth in the region.
Some Point from Table of Contents:
Chapter 4. Data Center Cooling Market, By Component
4.1. Data center cooling market share by component, 2016 & 2024
4.2. Solution
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Chilling unit Market estimates and forecasts, 2013 - 2024
4.2.3. Air conditioner Market estimates and forecasts, 2013 - 2024
4.2.4. Cooling tower Market estimates and forecasts, 2013 - 2024
4.2.5. Control system Market estimates and forecasts, 2013 - 2024
4.2.6. Economizer Market estimates and forecasts, 2013 - 2024
4.2.7. Liquid cooling system Market estimates and forecasts, 2013 - 2024
4.2.8. Others Market estimates and forecasts, 2013 - 2024
4.3. Service
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Installation and deployment Market estimates and forecasts, 2013 - 2024
4.3.3. Maintenance and support Market estimates and forecasts, 2013 - 2024
4.3.4. Consulting Market estimates and forecasts, 2013 - 2024
Chapter 5. Data Center Cooling Market, By Cooling Technique
5.1. Data center cooling market share, by cooling technique, 2016 & 2024
5.2. Rack/row based
5.2.1. Market estimates and forecasts, 2013 - 2024
5.3. Room based
5.3.1. Market estimates and forecasts, 2013 - 2024
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