PORTLAND, Oregon, March 27, 2019
Increase in the demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, and substantial growth with data center & power density have spurred the growth of global data center cooling market
PORTLAND, Oregon, March 27, 2019 /PRNewswire/ -- Allied Market Research published a recent report, titled, "Data Center Cooling Market by Component (Solution and Service), Type of Cooling (Room-Based Cooling, Rack-Based Cooling, and Row-Based Cooling), Type of Data Center (Enterprise Data Center, Colocation Data Center, Wholesale Data Center, and Hyperscale Data Center), Industry Vertical (BFSI, Manufacturing, IT & Telecom, Media & Entertainment, Retail, Government & Defense, Healthcare, Energy, and Others): Global Opportunity Analysis and Industry Forecast, 2018 – 2025." The report offers a detailed analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations. The key industry insights enable the interested business owners and individuals understand the entire market. According to the report, the global data center cooling market was estimated at $8.3 billion in 2017 and is expected to garner $23.2 billion by 2025, growing at a CAGR of 13.7% from 2018-2025.
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Increase in the demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, and substantial growth with data center & power density have spurred the growth of global data center cooling market. On the other hand, rising demand for specialized infrastructure, higher investment cost, and cooling challenges during power outage have happened to curb the growth to some extent. However, emergence of liquid-based cooling, portable cooling technology and modular data center cooling approach have created a number of opportunities in the segment.
Solutions to maintain its leadership status by 2025
Based on component, the solutions segment accounted for more than two-third of the total market and is expected to retain its top status throughout the forecast period.
Room based cooling segment to dominate in terms of revenue throughout the forecast period
Based on type of cooling, room based cooling contributed to nearly half of the total market and is anticipated to dominate during the period 2017-2025.
North America to contribute the major share by 2025
The market is analyzed across various regions including North America, Asia-Pacific, Europe, and Latin America, Middle East and Africa (LAMEA). Based on geography, North America held nearly half of the total market share, thereby coming out as the largest shareholder in the sector.
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Forerunners in the market-
The key players in the global data center cooling market are extending the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as Black Box Corporation; Fujitsu Ltd.; Nortek Air Solutions, LLC; Asetek, Emerson Electric Co.; Vertiv; Stulz Gmbh; Hitachi, Ltd.; Schneider Electric Se; and Rittal Gmbh & Co. Kg. They have taken recourse to different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
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