Industry Outlook and Trend Analysis
The Data Centre Cooling Market was worth USD 5.44 billion in 2014 and is expected to reach approximately USD 18.79 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.77% during the forecast period. The quick development of structured and unstructured data alongside the expanding demand for cloud computing is foreseen to impel the worldwide server farm cooling market development over the forecast. Data centre cooling solution is used for maintaining environmental conditions that are suitable for information technology equipment (ITE) operation. This technology evacuates the heat created by the ITE and exchanges that warmth to warm sink. In this way, without a suitable cooling system, data centres are unable to work productively and may result in system failure. Hence, rising number of data centres is assessed to affect the development of the server farm cooling market over the conjecture time frame.
Product Outlook and Trend Analysis
The air conditioner fragment rose as leading product section in the worldwide data centre cooling industry and represented more than 30.0% of the general income in 2015. Air conditioners provide gives various benefits, for example, minimal investment, ease of installation, and low maintenance. These can be installed in existing server rooms with no issue, because of which the portion caught significant share of the overall industry in recent couple of years. Nonetheless, air conditioner requires regular maintenance, which brought about lost share of the market over the conjecture time frame.
Application Outlook and Trend Analysis
The telecom business caught the biggest share of the overall industry and is additionally anticipated that would develop at the speediest rate over the gauge time frame. The rising telecommunication infrastructure needs proportionate data storage facilities to deal with the colossal measure of information bringing about advancement of new data centres, which thusly in anticipated that would move the market development of data centre cooling solutions.
Regional Outlook and Trend Analysis
North America developed as a market pioneer and represented 40% of the aggregate share of the overall industry in 2015. The area is anticipated to develop at tremendous CAGR; this development is attributed to the existence of high number of colocation offices and data centre service providers. The United States market is foreseen to encounter slow development in comparison with alternate areas inferable from the movement of server farm offices to different districts, for example, Canada and the Nordic nations.
The leading players in the market are Climaveneta, Vertiv Co, KyotoCooling, Air Enterprises, Schneider Electric, Asetek and Rittal. Major players embrace different development techniques including mergers and acquisitions and joint dares to withstand competition. Moreover, proficient adaptation to regularly advancing client needs is another key system embraced to manage competition.
The Data Centre Cooling Market is segmented as follows-
Precision air conditioners
Air handling units
Telecom & IT
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?