CHICAGO, Feb. 22, 2021
CHICAGO, Feb. 22, 2021 /PRNewswire/ -- According to the new market research report "Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System & Others), Service, Type of Cooling, Data Center Type, Industry & Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is projected to grow from USD 9.4 billion in 2020 to USD 15.7 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. The market is witnessing high growth across the world due to factors such as, improving efficiency in data centers, rising spending on data centers, significant growth in number of data centers and their power density, increasing demand for cost-effective data center solutions, and the rising importance of eco-friendly data center solutions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1038
Browse 79 market data Tables and 36 Figures spread through 160 Pages and in-depth TOC on "Data Center Cooling Market"
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/data-center-cooling-solutions-market-1038.html
By component, solution segment is estimated to dominate the global data center cooling market
By component, the solution segment of the data center cooling market is estimated to dominate the global data center cooling market. The energy-efficient data center air cooling solutions, as well as liquid cooling solutions that have lower carbon footprints, are witnessing a growth in demand across all industries due to their cost effectiveness and efficient performance.
By solution, air conditioning segment is estimated to lead the data center cooling market from 2020 to 2025.
By solution, air conditioning segment is projected to lead the global data center cooling market, during the forecast period. The dominance of the air conditioning segment is due to factors such as low installation costs and ease of maintenance. These air conditioning units are widely used in data center facilities with moderate cooling requirements. They provide precision air conditioning and maintain the equipment at ideal operating temperatures.
By services, installment & deployment segment is estimated to dominate the data center cooling market from 2020 to 2025.
By services, installment & deployment services segment is projected to dominate the global data center cooling market, during the forecast period. The installation & deployment services can be used by small and medium enterprises (SMEs) as well as large organizations to assist them in the deployment of energy-efficient data center cooling in a cost-effective manner. They also act as a one-stop-shop for hassle-free deployments with minimum downtime. These services are increasingly being used by organizations worldwide.
By type of cooling, room-based segment is estimated to grow with a high CAGR between 2020 to 2025, in the global data center cooling market.
By type of cooling, room-based cooling segment is projected to grow with a high CAGR in the global data center cooling market, during the forecast period. Room-based cooling consists of cooling units operating concurrently to address the heat load of the entire room and focuses on reducing the rising temperature in data centers and server rooms. These cooling units overcome the issues related to the lack of space in data centers.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1038
By data center type, the large data center segment is projected to dominate the global data center cooling market, during the forecast period.
By data center type, large data center segment is projected to dominate the global data center cooling market, during the forecast period. Large data centers cover an area of 25,000 square feet or above. Data center cooling market for large data centers is increasing due to the rising demand for cooling solutions that can remove a larger amount of heat generated in high-density data centers while incurring low energy costs.
By industry, the IT & telecom segment is projected to dominate the global data center cooling market, during the forecast period.
By industry, IT & telecom segment is projected to dominate the global data center cooling market, during the forecast period. The IT & telecom industry is increasingly adopting advanced technologies, such as blade servers and 5G, to cater to the growing computational requirements. This segment has been witnessing increases in the energy requirement creating growth opportunities for efficient cooling solution providers in the data center market.
North America is estimated to lead the global data center cooling market during forecast period
North America is projected to lead the data center cooling during the forecast period. Factors like presence of large companies, such as Facebook, Google, Amazon, Microsoft, and Twitter, in this region, along with increasing pressure from federal authorities on installing energy-efficient solutions for data centers are estimated to drive the data center cooling market in North American region.
Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (US), AdaptivCOOL (US), Airedale International (UK), Rittal GmbH & Co. KG (Germany), Nortek Air Solutions, LLC (US), Schneider Electric SE (France), Vertiv Holdings Co. (US), Black Box Corporation (US), and Munters Group AB (Sweden) are the key players in data center cooling market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1038
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/data-center-cooling-solutions-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/data-center-cooling.asp