Data Center Cooling Market Size
The global data center cooling market was valued at USD 8.26 billion in 2017 and is expected to reach a value of USD 16.54 billion by 2023 at a CAGR of 11.87% over the forecast period of 2018–2023. The scope of the report is limited to the type of deployment offered by the major players, which include cloud and on-premise. While the end users considered in the scope of the report include banking/financial services, manufacturing, IT & telecommunication, energy & power, and others.
Data centers have become a core component organization IT infrastructure. A data center is a centralized repository for the storage, management, and dissemination of data and information, which is organized around a particular body of knowledge or pertaining to a particular business. Data center cooling is an integral and often overlooked aspect of data center maintenance. Data centers comprise of intricate electronic components and processors that generate heat during operation. This heat needs to be properly dissipated to ensure that the overall efficiency of the unit remains unaffected.
Increasing Demand for Data Centers drives the Data Center Cooling Market
Companies are accumulating huge amounts of data and are investing in more data centers to store such huge data. Data centers also ensure business continuity, which is important in today’s world where companies are spread across different continents. Globally, the amount of data is set to grow drastically in the next six years from around 4.4 ZB to 44 ZB. The amount of information produced by machines such as Internet of Things will account for about 10% of worldwide data. Data generated by sensors connected to the internet has become increasingly important to every aspect of businesses. The amount of data that spends some of its lifetime in the cloud will double, and the amount of data will increasingly outpace available storage. It is estimated that, currently 60% of data in digital world is produced in mature markets such as Germany, Japan, and the United States. However, this situation will reverse by 2020 and emerging markets such as Brazil, China, India, Mexico, and Russia will account for most of the world’s data. With such explosion in the data storage needs, there arises a huge need for data center storage. This is influencing the growth of data center infrastructure investments, thus boosting the growth of data center cooling systems.
Air Conditioners are Most Widely Used Solutions
Data centers run for all round the year. The densely packed racks generate enormous computing power, which helps organizations to store and analyze data for effective decision making. Air conditioning systems help in maintaining the ideal room temperature, which serves the need of sensitive IT environment. Data centers run perennially. They are accommodated in racks, which help organizations to store and analyze the data. Air conditioners are heat exchangers and are used to help maintain ideal room temperatures for sensitive IT environment. Choosing an appropriate size of air conditioner is important in data center cooling. If the size of the air conditioner is under the prescribed requirement, effective cooling would not be possible. Air conditioners are thus, the most commonly used cooling solutions deployed in the data centers. Thus, air conditioners hold a large share in the market.
Europe to be the Largest Region for Data Center Cooling Market
Improvement in economic outlook across Europe has restored some business confidence. The economic recession has forced companies to think hard of the measures to take for reducing costs associated with data center operations. These factors have augmented the need for efficient data center cooling solutions. As the economy improves further, the vacancy rates will decline, and on the other hand, demand for new data centers will grow. Apple, Inc. spent USD 1.9 billion to build two data centers in Europe that would be entirely powered by renewable energy. The company has declared that the data centers in Ireland and Denmark will power Apple's online services, including the iTunes Store, App Store, iMessage, Maps, and Siri for customers across Europe.
Data Center Cooling Market Recent Developments
- March 2018: Cities of Shelby and Montana have been declared as the preferred sites for data center development owing to the presence of cool natural air and a windy climate apart from low property tax.
- March 2018: French firm Engie has decided to invest USD 80 million over a period of five years in establishing a Centre of Expertise for District Cooling in Singapore used for various cooling needs such as data centers.
Data Center Cooling Market Major Players:
- Schneider Electric SE.
- Asetek, Inc.
- Delta Power Solutions.
- Stulz GmbH, Coolcentric.
- Alfa Laval, Coolcenteric.
- Airedale International Air Conditioning Ltd.
- Fujitsu Ltd.
- Cisco Systems.
- Vertiv (Emerson Network Power).
- Shenzhen Envicool Technology and Adaptivcool.
- Rittal GmbH & Co.
Data Center Cooling Market Summary
Data Center Cooling Market
(2017 – 2023)
Market Size in 2017
USD 8.26 billion
Market Size in 2023
USD 16.54 billion
Largest Market Share by Region
Schneider Electric SE, Asetek, Inc., Delta Power Solutions, Stulz GmbH, Coolcentric, Alfa Laval, Coolcenteric, Airedale International Air Conditioning Ltd., Fujitsu Ltd., Cisco Systems, Munters.
Data center Cooling Market offers latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share and forecast to 2023.
Reasons to Purchase Data Center Cooling Market Report
- Growing data centers act as a driver to the global data center cooling market scenario.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- The type of solution that is expected to dominate the market is analyzed in detail.
- The regions which are expected to witness the fastest growth during the forecast period are analyzed and estimated for growth.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Key Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Data Center Cooling Market Insights
4.1 Market overview
4.2 Indusrty attractiveness- Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Competitive Rivalry
5. Market Dynamics
5.1 Data Center Cooling Market Drivers
5.1.1 Increasing Demand for Data Centers
5.1.2 Focus on Reducing Costs
5.1.3 Emergence of Green Data Center
5.2 Data Center Cooling Market Restraints
5.2.1 Erratic Power Supply in Some Regions
6. Data Center Cooling Market Technological Snapshot
6.1 Emerging Technologies
6.1.1 Free Cooling
6.1.2 Liquid Cooling
6.2 Data Center Cooling Architectures
6.2.1 Room Oriented
6.2.2 Row Oriented
6.2.3 Rack Oriented
7. Market Segmentation
7.1 Data Center Cooling Market By Solution
7.1.1 Air Conditioners
7.1.3 Economizer Systems
7.1.4 Liquid Cooling Systems
7.1.5 Cooling Towers
7.2 Data Center Cooling Market By Services
7.2.1 Installation and Deployment
7.2.2 Support and Maintenance Services
7.3 Data Center Cooling Market By Data Center Type
7.3.1 Small & Medium Sized Data Centers
7.3.2 Large Data Centers
7.3.3 Enterprise Data Centers
7.4 Data Center Cooling Market By End User
7.4.1 Banking/Financial Services
7.4.3 IT & Telecommunication
7.4.4 Energy & Power
7.4.6 Central/Local Government
7.4.7 Entertainment and Media
7.5 Data Center Cooling Market By Geography
7.5.1 North America Data Center Cooling Market Size (2018-2023)
220.127.116.11 United States Data Center Cooling Market Size (2018-2023)
18.104.22.168 Canada Data Center Cooling Market Size (2018-2023)
22.214.171.124 Rest of North America
7.5.2 Europe Data Center Cooling Market Size (2018-2023)
126.96.36.199 Russia Data Center Cooling Market Size (2018-2023)
188.8.131.52 Norway Data Center Cooling Market Size (2018-2023)
184.108.40.206 United Kingdom Data Center Cooling Market Size (2018-2023)
220.127.116.11 Germany Data Center Cooling Market Size (2018-2023)
18.104.22.168 Rest of Europe
7.5.3 Asia-Pacific Data Center Cooling Market Size (2018-2023)
22.214.171.124 China Data Center Cooling Market Size (2018-2023)
126.96.36.199 Australia Data Center Cooling Market Size (2018-2023)
188.8.131.52 Japan Data Center Cooling Market Size (2018-2023)
184.108.40.206 India Data Center Cooling Market Size (2018-2023)
220.127.116.11 Rest of Asia-Pacific
7.5.4 Latin America Data Center Cooling Market Size (2018-2023)
18.104.22.168 Brazil Data Center Cooling Market Size (2018-2023)
22.214.171.124 Mexico Data Center Cooling Market Size (2018-2023)
126.96.36.199 Argentina Data Center Cooling Market Size (2018-2023)
188.8.131.52 Rest of Latin America
7.5.5 Middle East & Africa Data Center Cooling Market Size (2018-2023)
184.108.40.206 United Arab Emirates Data Center Cooling Market Size (2018-2023)
220.127.116.11 Saudi Arabia Data Center Cooling Market Size (2018-2023)
18.104.22.168 Israel Data Center Cooling Market Size (2018-2023)
22.214.171.124 Rest of Middle East & Africa
8. Data Center Cooling Market Vendor Share Analysis
9. Data Center Cooling Market Key Vendor Profiles
9.2 Airedale International Air Conditioning Ltd
9.3 Alfa Laval
9.4 Asetek, Inc.
9.5 Cisco Systems
9.8 Delta Power Solutions
9.9 Fujitsu Ltd
9.11 Rittal GmbH& Co. KG
9.12 Schneider Electric SE
9.13 Shenzhen Envicool Technology
9.14 Stulz GmbH
9.15 Vertiv (Emerson Network Power)
*List not Exhaustive
10. Data Center Cooling Market Investment analysis
10.1 Recent Mergers & Acquisitions
10.2 Investment Scenario and Opportunities
11. Data Center Cooling Market Future