Dublin, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The "Europe Data Center Refrigerant Market: Focus on Product, Application, and Country - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The Europe data center refrigerant market (excluding U.K.) is expected to grow from $116.5 million in 2023 to $210.8 million by 2032, at a CAGR of 6.1% during the forecast period 2023-2032.
The rising number of data centers and government programs encouraging energy-efficient operations are anticipated to propel the expansion of the European data center refrigerant market. Additionally, in support of sustainability objectives, financial incentives and regulatory frameworks throughout Europe are pushing data center facilities to use eco-friendly refrigerants.
A major expansion of the European data center refrigerant market is anticipated due to the growing need for data processing and storage in a variety of industries. The increasing number of data centers in Europe has led to an increased demand for effective cooling solutions in order to sustain peak performance and reduce downtime. To keep servers and other equipment operating within safe temperature ranges, refrigerants are essential to the cooling of data centers.
The trend toward environmentally responsible and energy-efficient data center operations is one of the main forces propelling the market. In line with the region's larger sustainability aims, governments around Europe are enforcing strict rules and providing financial incentives to encourage the use of eco-friendly refrigerants. Policies such as the European Union's F-Gas Regulation, which aims to reduce the environmental impact of fluorinated gases, are pushing data center operators to adopt low-global-warming-potential (GWP) refrigerants.
The market is also being helped by developments in cooling technology and the increased emphasis on lowering energy usage. The need for creative and environmentally friendly cooling solutions is predicted to increase as data centers install more liquid and hybrid cooling systems, which need for specific refrigerants. The future of the European data center refrigerant market is probably going to be shaped by this trend.
Report Scope
Product/ Innovation Strategy: In the European data center refrigerant market, a strategic focus on innovation drives product development. Collaborate with industry leaders to introduce eco-friendly refrigerants and advanced cooling technologies, meeting evolving regulatory standards. Leverage data analytics for real-time monitoring, optimizing cooling efficiency, and reducing environmental impact while ensuring operational excellence.
Growth/ Marketing Strategy: Utilize targeted marketing campaigns highlighting eco-friendly benefits and energy savings. Forge partnerships with data center operators and OEMs to expand reach and offer comprehensive solutions. Continuously innovate to stay ahead in the competitive landscape.
Competitive Strategy: Emphasizing differentiation and value proposition will be crucial for success in the market. Conduct thorough market analysis to identify niche segments and competitive advantages and position products accordingly. Forge alliances with key stakeholders and offer customizable solutions to meet diverse customer needs effectively.
Key Market Players and Competition Synopsis
The companies that are profiled in the European data center refrigerant market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in the market are:
- Climalife
- Arkema
- M&I Materials
- Asetek
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 97 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $116.5 Million |
| Forecasted Market Value (USD) by 2032 | $210.8 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Europe |
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Data Center Trends
1.1.2.1 Data Center Capacities: Current and Future
1.1.2.2 Data Center Power Consumption Scenario
1.1.2.3 Impact of Carbon-Neutral Data Center (CNDC) Operations on Data Center Refrigerant Market
1.1.2.4 Impact of United Nations Intergovernmental Panel on Climate Change on Data Center Market
1.1.2.5 Impact of PFAS Refrigerant Ban on the Data Center Cooling Outlook
1.1.2.6 Data Center Cooling Strategies
1.1.2.7 Refrigerant Selection Criteria
1.1.2.8 Other Industrial Trends
1.2 Ecosystem/Ongoing Programs
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Expanding Data Center Industry
1.3.1.2 Sustainable Development Efforts and CSR Activities
1.3.1.2.1 The Green IT Cube
1.3.1.3 Growing Adoption of Alternate Cooling Solutions for Improved Water Usage Efficiency
1.3.1.4 Need for High Energy Efficiency
1.3.2 Business Challenges
1.3.2.1 Phasing out of PFAS Refrigerants
1.3.2.2 Intense Market Competition from Diverse Cooling Technology
1.3.2.3 Rapid Adoption of Refrigerants over Air Cooling Driven by its Advantages
1.3.3 Business Opportunities
1.3.3.1 AI and Neural Network Implementation to Optimize Cooling
1.3.3.2 Growing Traction for Indirect Thermosyphon Cooling
1.3.3.3 Increase in Investments toward Data Center Cooling Innovations
1.3.3.4 Growing Utilization of Advanced Refrigerants to Meet Environmental Targets
1.3.3.5 Resurgence of Air-Cooled Chillers
1.4 Supply Chain Analysis
1.5 Pricing Analysis
2 Regions
3 Markets - Competitive Benchmarking & Company Profiles
- Climalife
- Arkema
- M&I Materials
- Asetek
For more information about this report visit https://www.researchandmarkets.com/r/26bocm
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