Data Center Cooling Market to Grow at 12% CAGR to 2020
The U.S. is the largest revenue-contributing region in the global market
LONDON — The global data center cooling solutions market is forecast to grow at a compound annual growth rate (CAGR) of approximately 12 percent from 2016 to 2020, according to a market research report from Technavio. The growing deployment of high-performance computing infrastructure in data centers has necessitated the usage of containment cooling solutions and rack revel cooling systems. Of late, vendors are developing modern data center infrastructure as green solutions to reduce energy consumption as well. The U.S. is the largest revenue-contributing region in the global market for data center cooling, owing to the high adoption of efficient, modern cooling techniques.
“The evolution of high-performance computing is a fast-moving trend in the data center cooling solutions market. The introduction of big data and cloud computing has uplifted the demand for data centers among enterprises and government agencies as they support high-performance computing. Therefore, high-performance computing solutions, involving the use of high-density servers, are expected to gain traction in the market and propel overall market growth,” said Rakesh Panda, lead analyst, ICT, Technavio Research.
The adoption of liquid-based cooling solutions is high as they are considered more efficient than air-based cooling. Water-based cooling, a sub-segment of liquid-based cooling, is the most widely accepted cooling system. The global data center cooling market for liquid-based cooling is expected to grow at a rapid rate, posting a CAGR of almost 16 percent during the forecast period.
According to the report, the leading vendors in the global data center cooling solutions market are 3M, 4Energy, Alfa Laval, Black Box Network Services, Daikin, Eaton, ebm-papst, Emerson, Rittal, Schneider Electric, and Stulz.
More information is available here.
Publication date: 2/26/2016