Portland, OR, March 21, 2019 (GLOBE NEWSWIRE) -- According to this latest research study, titled, "Data Center Cooling Market by Component, Type of Cooling, Type of Data Centers, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," the global data center cooling market size was valued at $8,384 million in 2017, and is projected to reach $23,215 million by 2025, growing at a CAGR of 13.7% from 2018 to 2025.
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Increase in the demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, substantial growth with data center and power density drive the market growth. However, the requirement of specialized infrastructure and higher investment cost and cooling challenges during a power outage is expected to hamper the growth of the global data center cooling market during the forecast period. Furthermore, the emergence of liquid-based cooling and portable cooling technologies and growth in the requirement for a modular data center cooling approach are anticipated to provide lucrative opportunities for market growth.
Based on a component, solution dominated the data center cooling market size in the year 2017 and is expected to dominate the market in coming years, owing to the increase in the number of energy efficient cooling solutions. Furthermore, air conditioners under solution sub-segment had the largest market share due to its energy-efficiency and cost-effectiveness. Moreover, with an increase in number and higher density in data centers, there is a need for efficient cooling. Air conditioners with the help of air ducts circulate air in the high-density racks to maintain a temperature within permissible limit. However, services in the component segment witnessed high CAGR growth in the data center cooling market.
Room-based cooling dominated the overall data center cooling market share in 2017 and is expected to continue this trend during the forecast period as it provides effective cooling at less cost. Furthermore, room-based cooling is anticipated to maintain a large market share owing to the least use of pipes and ducts compared to other cooling types. Conversely, air conditioners and other air-based cooling circulate air to maintain a temperature in data centers within permissible limit. Therefore, room-based cooling is gaining ground due to its energy-efficient cooling.
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Some of the key market players profiled in the report include Schneider Electric Se, Black Box Corporation, Nortek Air Solutions LLC, Emerson Electric Co., Hitachi Ltd., Rittal Gmbh & Co. Kg, Fujitsu Ltd., Stulz Gmbh, Vertiv, and Asetek.
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