PUNE, India, November 10, 2016 /PRNewswire/ --
According to a new market research report "Data Center Liquid Cooling Market by Type of Solution (Indirect (Rack and Row Based), Direct (Single Phase and Two Phase)), Service (Design & Consulting, Installation & Deployment), Data Center Type, Industries, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market is estimated to grow from USD 827.8 Million in 2016 to USD 2969.8 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 29.11%.
Browse 69 market data Tables and 35 Figures spread through 132 Pages and in-depth TOC on "Data Center Liquid Cooling Market"
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The major forces driving the Data Center Liquid Cooling Market are the availability of advanced coolants, growing need for eco-friendly solutions, increased need for cost effective cooling solutions, and increasing server rack density. The Data Center Liquid Cooling Market is growing rapidly because of the increasing number of users opting for energy efficient and scalable data center cooling solutions.
Direct liquid cooling solutions to grow at the highest CAGR
Direct liquid cooling solutions is expected to witness the highest CAGR during the period 2016 to 2021. Direct liquid cooling solutions facilitate cooling with reduced carbon footprint owing to the use of advanced engineered coolants. Moreover, they provide efficient cooling for high performance computing requirements from various industries. These benefits are driving the market and are anticipated to help in propelling the Data Center Liquid Cooling Market to grow at the highest CAGR during the forecast period.
"Support and maintenance services market to grow at the highest rate during the forecast period"
Support and maintenance services are expected to grow at the highest CAGR over the forecast period owing to the rapid adoption of liquid cooling data center solutions in large enterprises, which require third party assistance for maintenance of coolants and support for the liquid cooling data center infrastructure.
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North America is expected to dominate the Data Center Liquid Cooling Market during the forecast period
The Data Center Liquid Cooling Market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the Data Center Liquid Cooling Market in 2016 due to the technological advancements and early adoption of liquid cooling data center across a large number of verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing requirement for low energy consuming and reliable cooling solutions in various industries.
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Asetek (Denmark), Rittal GmbH and Co. Kg. (Germany), Emerson Electric Co. (U.S.), Schneider Electric SE (France), IBM Corporation (U.S.), Green Revolution Cooling Inc. (U.S.), Midas Green Technologies LLC (U.S.), Allied Control Ltd. (Hong Kong), Green Data Center LLP (Malaysia), and Horizon Computing Solutions (France).
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Data Center Cooling Market by Solution (AC, Chiller, Economizer, & Other), Service (System Integration, Monitoring & Professional), User Type (Cloud, Colocation Providers & Enterprise), Vertical: Global Forecast to 2020
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