Growth opportunities in the data centre cooling market look promising over the next six years. This is mainly due to the increasing importance of eco-friendly data centre solutions, the implementation of cloud technology, the Internet of Things (IoT), big data, and the rising demand for cost-effective data centre solutions.
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Data Centre Cooling Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The surging demand for cost-effective data centre solutions coupled with the rising importance of eco-friendly solutions are the major drivers contributing to the growth of the global data centre cooling market. The data centre owners are deploying effective and economical cooling solutions due to the high portion of total energy consumed by the cooling cost of these centres, thus augmenting the demand for advanced technology. Numerous data centres use outside climatic conditions to cool their centres, such as economizers, which reduces the cooling and energy cost. This module helps to save around 30-60 percent of their operational cost. Also, the application of big data, cloud technology, and the internet of things (IoT) has supported companies to invest in new centres to sustain the business's continuity.
The growing number of data centres is one of the major factors strengthening the market size. Digital Realty Trust, Inc., an organization that offers colocation, data centre, and other solutions. In 2018, declared to launch its third centre in Toronto, Canada, which will capture the rising demand of proceeding start-ups and large companies promoting digital transformation. Also, the robust need for better mobility, operational security, bandwidth, and efficiency, will fuel the market growth. The switch towards digital transformation by using connected technology and IoT has raised the demand for these ecosystems to ensure fast accessibility, scalability, deployment, and security. This is further stimulating the development of highly cost-effective, software-defined, and highly agile innovative systems.
The widespread outbreak of COVID-19 has negatively impacted every sector, primarily the IT & telecom industry. This has reduced the spending of leading companies and service providers on infrastructure maintenance and development, thereby hindering the market share. However, the market is expected to recover by 2021 and grow at a higher rate. The construction cost of these data centre's is very high, amounting to approximately USD 1,000 per square foot to USD 40,000 per rack. Thus, the huge cost concerned with setting up and maintaining cooling solutions may obstruct the data centre cooling market size.
Services Segment Drivers
Based on the services, the installation & deployment segment is anticipated to expand at a faster CAGR during the forecast period due to its growing use by small and medium enterprises (SMEs) and large organizations for energy efficiency in a cost-effective manner. This service offers a one-stop shop for hassle-free employment at low downtime.
Data Centre Cooling Market’s leading Manufacturers:
Condair Group
Rittal GmbH & Co. KG
Degree Controls Inc.
STULZ GMBH
Black Box Corporation
Schneider Electric
AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
Coolcentric
Asetek, Inc.
Vertiv Group Corp.
Data Centre Cooling Market Segmentation:
Segmentation by Solution:
Air Conditioning
Chilling Units
Cooling Towers
Economizer Systems
Liquid Cooling Systems
Control Systems
Others
Segmentation by Services:
Consulting
Installation & Deployment
Maintenance & Support
Segmentation by Type of Cooling:
Room-based cooling
Row/Rack-based cooling
Segmentation by Type of Cooling:
Room-based cooling
Row/Rack-based cooling
Segmentation by Data Centre Type:
Mid-Sized Data Centres
Enterprise Data Centres
Large Data Centres
Segmentation by Industry:
BFSI
IT & Telecom
Research & Academic
Government & Defense
Retail
Energy
Manufacturing
Healthcare
Others
Segmentation by Region:
North America
United States of America
Canada
Asia Pacific
China
Japan
India
Rest of APAC
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)
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