MarkNtel Advisors recently published a detailed industry analysis of the Data Center Cooling Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Data Center Cooling Market (2024-2030)
The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.
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What is driving the Data Center Cooling Market?
Rising Numbers of Data Center Deployments Boosting the Market Expansion – There has been a notable surge in the number of data center deployments owing to the increasing demand for additional storage to store large volumes of data that have been generated regularly. Also, due to the proliferation of data centers, there has been a surge in energy usage and subsequent heat production. For instance:
- According to the International Energy Agency, in 2023, Data centers accounted for up to 1.5% of global electricity consumption and are responsible for 1% of energy-related greenhouse gas emissions.
As the Data Center Cooling Market evolves, energy inefficiencies arising from traditional cooling systems are becoming a significant concern. With data centers consuming vast amounts of energy, there’s a growing demand for innovative, low-power cooling solutions to maintain optimal temperatures for IT equipment. This pressing need is driving the development of efficient cooling technologies within the industry.
What segments define the Data Center Cooling Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Solution
(Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, Others),
By Service
(Consulting, Installation & Deployment, Maintenance & Support,
By Type of Data Center
(Mid-sized Data Centers, Enterprise Data Centers, Large Data Centers),
By Type of Cooling
(Room-based Cooling, Row/Rack Cooling),
By Verticals
(BFSI, IT & Telecom, Retail, Healthcare, Research & Educational Institutes, Energy, Government & Defense)
By Regions
North America, Europe, Asia-Pacific, South America, Middle East & Africa
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Who are the leading key players shaping the Data Center Cooling Market landscape?
Modine, STULZ Gmbh, Vertiv Group Corp., Fujitsu, Black Box, Green Revolution Cooling Inc., Submer, Asperitas, Iceotope Technologies Limited, Dug Technology, DCX Liquid Cooling Systems, Rittal Gmbh & Co. Kg,, Schneider Electric, Asetek, Inc., Nortek Air Solutions, Llc, Others,
Questions Addressed in this Study
1.What factors are driving the Data Center Cooling Market growth?
2.How is the Data Center Cooling Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Data Center Cooling Market?
4.What is the current size of the Data Center Cooling Market, and how is it projected to change in the future?
6.What is the future outlook for the Data Center Cooling Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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