Market Trends of Data Center Cooling Industry
Information Technology Industry to Witness Highest Growth
- For its business, the information technology industry requires on-premises storage of personal data and hyperscale data centers for operation in sizes ranging from small to large. Additionally, the adoption of cloud storage has been increasing over the years. As a result, the demand for data center cooling systems is expected to grow due to the growth of Software as a Service provider, enabling cloud storage providers to expand their capacity.
- To provide more efficient work processes, cloud storage providers such as Microsoft, AWS, and Google are expanding their capacity to store in the cloud. These companies make their investments in hyperscale transactions. As the heat generated by the new tensor processing units exceeds the limits of its previous cooling solutions in the data center, Microsoft and Meta joined Google in June 2022 to use artificial intelligence to help manage their data centers.
- The IT market consists of selling IT services and related products by organizations, sole traders, and partnerships that use computer telecommunications equipment to store computer peripherals and retrieve, transmit, and move data. Computer networks, television broadcasting, system design services, information distribution technologies such as telephony, and other devices involved in this process are part of the IT market. Such enormous requirements and equipment drive the demand of the data center air conditioning market to be cooled typically.
- Given the need for enhanced, high-quality, More Effective AirCooling Solutions, which are more efficient than conventional aircooled solutions, installing a Cooling System in IT and Data Centres is vital. This market growth is also stimulated by the increasing technological innovation of IT infrastructure and increased demand for cooling systems among mobile phone manufacturers to manage heat.
- Despite the rapid development of cloud services, there is considerable reliance on Onpromise and hybrid data centers in today's industry. These undertakings are trying to expand their data storage capacity, which is expected to increase demand for air conditioners or heating equipment in their supply systems. In addition, there is an increased need for more efficient data storage solutions due to the trend towards agile and DevOps operating frameworks in the IT sector.
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Asia Pacific to Register a Significant Growth
- Asia Pacific will be a significant market driver in the future. Due to the increasing demand for data generation and government policies promoting more energy-efficient infrastructure in China, China is one of the most important Data Center Cooling Solutions markets based on recent innovations such as IoT, ML, and AI. The second-highest growth has been recorded in India, driven by the increased adoption of Internet services and a large volume of data.
- The rapidly growing number of data centers in China, along with the government policies to promote more environmentally sound infrastructure across the country, is one of the leading markets for Data Center Cooling Solutions.
- Moreover, China is the fastest-growing market for data centers worldwide. This expansion presents a tremendous opportunity for the participants in the study to gain market share, given the development of fintech and digital transformation in the country.
- Due to increasing internet penetration in Asia Pacific, the data center cooling market is expected to grow significantly. The demand for data centers in the region is growing considerably as mobile computing, the Internet of Things, and cloud computing play an essential role. This also gives rise to a thriving Data Center Cooling Market.
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