Global data center cooling market Share is expected to foresee traction inthe coming years, with continuously growing demand for data centers deployment,up-gradation in the existing data centers, increasing availability of smartphones, rich internet connectivity, need for reducing operational expenses andtechnological advancements. In the present scenario, efficient data centercooling has become a critical considerable factor for attaining operationalefficiency along with reduced expenditures. It is estimated that around 40% oftotal energy consumption in a data center is into cooling, constituting a majorportion of operational expenditure. Because of these reasons, developingefficient data center cooling technologies has become essential for data centermanagers.
Browse 156market data tables and 43 figures spread through 178 pages and in-depth TOC on“Data Center Cooling Market by Solution (Air Conditioning, Chilling Units,Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems,and Others), Service, Type of Cooling, Data Center Type, Industry, and Region -Global Forecast to 2021”
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Amongservices, the maintenance and support segment is expected to grow at thehighest CAGR during the forecast period. This high growth is due to the rapidadoption of data center cooling solutions in enterprises and large datacenters, which require third-party assistance for the maintenance of thecooling infrastructure and additional support for the liquid coolinginfrastructure.
NorthAmerica is estimated to hold the highest share of the data center coolingmarket in 2016 due to the technological advancements and the higher adoption ofdata center cooling technologies by large organizations in the region. APAC isexpected to grow at the highest CAGR between 2016 and 2021. The primary drivingforce for this growth is the increasing requirement for energy-efficient andcost-effective solutions in various industries present in the region.
In referenceto the industry verticals in the data center cooling space, major portion ofmarket is expected to be contributed by the telecommunication and IT vertical,as substantial traction in the deployment of data centers is expected. Otherthan Telecom and IT, the Banking, Financial Services and Insurance (BFSI)vertical is also expected to experience significant rise in revenue. Apart fromthese two verticals, healthcare, manufacturing, retail etc verticals are alsoexpected to foresee growth, as the transition from maintaining manual recordsto maintaining electronic records in all the verticals is clearly visible. Themarket for data center cooling is significantly impacted by variousgeographical regions, because of increasing data center deployments andavailability of infrastructure. MarketsandMarkets expects the Asia-Pacificregion to hold the largest portion of total data center cooling market. Inspite of small contribution in revenues, the Latin American region is expectedto foresee high growth in this market along with Middle East and Africa.MarketsandMarkets expects the data center cooling market to grow from $4.91billion in 2013 to $8.07 billion by 2018, at a Compound Annual Growth Rate(CAGR) of 10.4%.
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