Global Data Center Cooling Technologies Market Expected to Reach $20B by 2024
Market is rising at an estimated 12% compound annual growth rate (CAGR)
PUNE, INDIA — A new report by Market Study Report, “Data Center Cooling Market Research Report for the period of 2017-2024,” shows the growth of the market is rising at a steady 12 percent compound annual growth rate (CAGR) to 2024.
Increase in the power consumption levels and the need to enhance overall data center efficiency is expected to fuel the data center cooling market demand over the forecasted timeline. Implementation of hot and cold aisles, installation of blanking panels, and usage of close-coupled cooling are among the factors to improve the overall efficiency and provide energy efficient solutions to notoriously energy-intensive data centers.