The Business Research Company’s Data Center Cooling Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, November 21, 2023 /EINPresswire.com/ — The global data center cooling market, intricately segmented by data center type, cooling technology, component, and industry, showcased remarkable growth. Surging from $12.61 billion in 2022 to $14.56 billion in 2023, the market displayed a robust compound annual growth rate (CAGR) of 15.4%. The market is poised for further expansion, with projections reaching $26.75 billion by 2027 at a CAGR of 16.4%.
Holistic Market Segmentation: Understanding Diverse Dimensions
1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-sized Data Centers
2) By Cooling Technology: Rack/Row-Based, Room-Based
3) By Component: Solution, Service
4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries
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Driving Forces: Embracing Green Initiatives
The data center cooling market is significantly influenced by a growing commitment to green initiatives and eco-friendly solutions. Recognizing the substantial energy consumption of data centers, industry players are adopting strategies to reduce environmental impact. Green electricity, water reclamation, zero water cooling systems, recycling, and waste management are integral components of sustainable data center practices. Microsoft’s implementation of eco-friendly technologies in its Azure data centers exemplifies this commitment. As data centers globally aim to contribute to environmental sustainability, the market is propelled by the adoption of newer, more efficient technologies.
Market Leaders: Anchors of Innovation
Major players shaping the data center cooling market include ABB Group, Adaptivcool, Airedale International Air Conditioning, Asetek Inc., Black Box Corporation, Coolcenteric, Daikin Industries, Fujitsu, Hitachi, Interxion, Nortek Air Solutions, Rittal, Schneider Electric, Submer Technologies, Vertiv Group Corporation, Alfa Laval, Delta Power Solutions, Eaton, Ebullient, Johnson Controls International, Mitsubishi Electric Corporation, Trane Technologies, and Hewlett Packard Enterprise. These industry leaders play pivotal roles in steering market dynamics and fostering innovation.
Technology Trends: Embracing Computer Room Air Handling (CRAH)
The use of Computer Room Air Handling (CRAH) is emerging as a significant trend in the data center cooling market. Unlike traditional Computer Room Air Conditioning (CRAC) machines, CRAH devices employ fans, cooling coils, and a water-chiller system to effectively manage the heat generated by equipment in data centers. This technology enhances the cooling efficiency and addresses the unique cooling needs of modern data centers. Johnson Controls’ YORK Mission Critical Horizontal Computer Room Air Handler (YORK MCH CRAH) is a notable example, designed to meet the demanding cooling requirements of contemporary data centers.
Regional Dynamics: Asia-Pacific Leads the Charge
Asia-Pacific assumed the position of the largest region in the data center cooling market in 2022, with North America following as the second-largest market. The regions covered in the market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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https://www.thebusinessresearchcompany.com/report/data-center-cooling-global-market-report
Data Center Cooling Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Data Center Cooling Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on data center cooling market size, data center cooling market drivers and trends, data center cooling market major players, data center cooling market competitors’ revenues, data center cooling market positioning, and data center cooling market growth across geographies. The data center cooling market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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