Data Center Cooling Solutions Market to Record USD 10.91 Bn Growth | Airedale Air Conditioning Ltd., Black Box Corp., and Daikin Industries Ltd. emerge as dominant players | Technavio

• Total Pages: 120
• Companies: 10+ – Including Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Nortek Inc., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Application (air conditioning, economizers, cooling towers, chillers, and other) and Technique (air-based cooling and liquid-based cooling)
• Geographies: North America, Europe, APAC, South America, and MEA

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According to the recent market study by Technavio, the Data Center Cooling Solutions Market Size is expected to increase by USD 10.91 billion from 2020 to 2025, progressing at a CAGR of 14.91% during the forecast period. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate, occupying 37% of the global market share. China and India are key markets for data center cooling solutions in APAC. However, the market growth in this region will be faster than the growth of the market in other regions.

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Vendor Insights-

The data center cooling solutions market is fragmented due to the presence of many vendors. The growing competition in the market is driving vendors to adopt both organic and inorganic growth strategies. Vendors are focusing on new product launches and are also engaging in mergers and acquisitions to gain an edge in the market.

Airedale Air Conditioning Ltd.: The company offers a wide range of cooling systems designed for data centers. The products are precision air conditioning such as SmartCool, SmartCool Inverter Compressor, and EasiCool; IT cooling such as OnRak, InRak, Echo, and AireTile; Chillers such as TurboChill Water Cooled and OptiChill and OptiChill FreeCool; and Condensers and condensing units such as BluCube, Air cooled condensers and dry coolers, Condensing unit, and Ultima compact condensing unit.

Black Box Corp.: The company offers data center cooling solutions such as freestanding coolers, specialty coolers, and wall mount coolers.

Daikin Industries Ltd.: The company offers advanced HVAC technology for a stable environment with cost-effective, dependable cooling service around-the-clock. The products provided are chillers, air handlers, water source heat pumps, rooftop systems, fan coils, and others.

Data Aire Inc.: The company designs, manufactures, and sells precision cooling systems for data centers worldwide. The products are floor-mounted units, rack and row solutions, ceiling-mounted solutions, specialty units, heat exchangers, and system controls.

Fuji Electric Co. Ltd.: The company offers data center cooling solutions such as indirect outdoor air conditioning units, room coolers, and chillers.

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Regional Market Outlook

The data center cooling solutions market growth in APAC will be significant during the forecast period. The exponential growth in data traffic and increasing construction of data centers are driving the growth of the data center cooling solutions in APAC. Also, the increasing concentration of OEMs is contributing to the regional market growth.

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Latest Drivers & Trends Driving the Market-

• Data Center Cooling Solutions Market Driver:
• Increased demand for data centers:
  
  The increasing adoption of advanced technologies, such as cloud-based services and big data analytics among CSPs, government agencies, and telecommunication companies has resulted in the generation of huge volumes of data. This has increased investments in data center construction projects worldwide, which has subsequently driven the demand for advanced cooling techniques, thereby driving the market growth.
  
• Data Center Cooling Solutions Market Challenge:
• Increasing adoption of high-performing computing (HPC):
  
  Enterprises such as SMEs are exhibiting high demand for HPCs as they minimize the overall expenditure. HPCs also require minimum investments in terms of building infrastructure as well as hardware implementation. With the increasing adoption of HPCs, the need for efficient cooling solutions has seen a considerable increase. This is expected to have a positive impact on the growth of the market during the forecast period.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

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SOURCE Technavio