Increase in Data Center Construction to Augment Precision Air Conditioning Market
Operators looking to adopt cooling techniques that are cost efficient and consume less power
LONDON — The global data center precision air conditioning market is expected to record a compound annual growth rate (CAGR) of more than 10 percent to 2020, according to the latest market research report by Technavio.
“Data center construction is a major driver for the precision air conditioning market. Owing to the increased adoption of advanced technologies for operational needs, enterprises are prompted to expand their data center footprint worldwide. The main contributors to the growing data center construction include CSPs [communications service providers], telecommunications organizations, and colocation service providers,” said Rakesh Panda, one of Technavio’s lead industry analysts.