Covid-19 Impact on Data Center Cooling Market - 2020 Comprehensive Research Study and Strong Growth in Future 2023

Market synopsis

Data center cooling refers to the collective operation of components, apparatus, systems, and process that ensures an ideal working temperature inside a data center facility. In the absence of a suitable cooling system, data centers refrain to function properly and can lead to system failure. Proper data center cooling guarantees that the data centers are provided with enough cooling and ventilation, important to keep all the equipment and hardware within the desired temperature range. A rise in the demand for data centers is estimated to drive the growth of the Covid-19 Impact on Data Center Cooling Market over the forecast period.

Recently, the growing development in computing abilities has expanded power densities in data centers which has resulted in the requirement for proficient and effective data center cooling solutions. These solutions provide an adequate ambient temperature in data centers, ensuring efficient working of IT systems. Huge amount of data traffic and the development of big data has additionally expanded the significance of secure data centers, as high data traffic increases the utilization of server and equipment that increases the temperature in the data center facility. Therefore, to maintain the temperature of the data centers, the adoption of the data center cooling solutions is increasing at a global level.

There are several factors driving the global data center cooling market such as improving efficiency in data centers, rising awareness regarding green data centers among organizations and increasing data center construction in the Asia-Pacific region. As there is a rise in the construction of data centers globally, the demand for cooling solutions is also gaining pace.

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The growing adoption of cloud computing and big data, among various organiztions is also supporting the market for data center cooling solutions. Data center precision air conditioning market is growing due to its key benefits such as high loading capacity, accurate and instant temperature control, improved air filtration, remote monitoring/troubleshooting, enhanced humidity control, and high air flow. However, factors that hinder the growth of data center cooling market are high setup cost and high power consumption during operation.

Segmentation

Global data center cooling market has been segmented as follows:

  • By component, the market is sub-segmented into precision air conditioning, server cooling, chillers, economizer, air handling units, and others.
  • By cooling type, the market is sub-segmented into liquid, and air.
  • By service type, the market is sub-segmented into professional services and managed services.
  • By organization size, the market is sub-segmented into small & medium (SMEs) enterprises and large enterprises.
  • By verticals, the market is sub-segmented into IT & telecommunication, healthcare, BFSI, energy, government, and others.

Key Players

The Prominent players in the market of Data Center Cooling are- Fujitsu, Ltd. (Japan), Asetek A/S (Denmark), The Mitsubishi Group (Japan), Schneider Electric SE (France), Rittal GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), 4energy (U.K.), 3M (U.S.), Degree Controls (U.S.), Wakefield-Vette, Inc. (U.S.), HP Development Company, L.P. (U.S.), The Heico Companies LLC (U.S.), , Vertiv Co. (U.S.), IT Aire , Inc. (U.S.), Cloudsite Intelligent Data Centers (U.S.) among others.

Regional analysis

The global market for the data center cooling is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of data center cooling market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is the dominating region in the data center cooling market. Advancement in technology and presence of players in this region is supporting the growth of the data center cooling market. Substantial interest in R&D from private sector towards the improvement of data center cooling is a key factor that drives the market growth.

Asia-Pacific is expected to be the fastest growing market in the global data center cooling market due to increased ownership of smartphones and IoT based consumer electronics in the region. Similarly, the rising demand for wearable devices in countries such as China, Japan, South Korea, and India is one of the factors that influence the generation of a large amount of data to store and process, thus the requirement of the data center is increasing, driving the data center cooling market. Additionally, the presence of consumer electronics device manufacturers, BFSI, infrastructure development in the region is also expected to drive the market. Asia-Pacific is expected to be the fastest growing market during the forecast period. Large manufacturing hubs present in Japan, China, and India are involved in the construction of data centers, that is likely to influence the data center cooling market positively in the forecast period.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Data Center Cooling Market

Continued…

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