Data center cooling Market Share, Trend, Segmentation and Forecast to 2021

Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region - Global Forecast to 2021

(EMAILWIRE.COM, June 24, 2020 ) Global data center cooling market Share is expected to foresee traction in the coming years, with continuously growing demand for data centers deployment, up-gradation in the existing data centers, increasing availability of smart phones, rich internet connectivity, need for reducing operational expenses and technological advancements. In the present scenario, efficient data center cooling has become a critical considerable factor for attaining operational efficiency along with reduced expenditures. It is estimated that around 40% of total energy consumption in a data center is into cooling, constituting a major portion of operational expenditure. Because of these reasons, developing efficient data center cooling technologies has become essential for data center managers.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1038

Among services, the maintenance and support segment is expected to grow at the highest CAGR during the forecast period. This high growth is due to the rapid adoption of data center cooling solutions in enterprises and large data centers, which require third-party assistance for the maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.
North America is estimated to hold the highest share of the data center cooling market in 2016 due to the technological advancements and the higher adoption of data center cooling technologies by large organizations in the region. APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving force for this growth is the increasing requirement for energy-efficient and cost-effective solutions in various industries present in the region.

In reference to the industry verticals in the data center cooling space, major portion of market is expected to be contributed by the telecommunication and IT vertical, as substantial traction in the deployment of data centers is expected. Other than Telecom and IT, the Banking, Financial Services and Insurance (BFSI) vertical is also expected to experience significant rise in revenue. Apart from these two verticals, healthcare, manufacturing, retail etc verticals are also expected to foresee growth, as the transition from maintaining manual records to maintaining electronic records in all the verticals is clearly visible. The market for data center cooling is significantly impacted by various geographical regions, because of increasing data center deployments and availability of infrastructure.

MarketsandMarkets expects the Asia-Pacific region to hold the largest portion of total data center cooling market. In spite of small contribution in revenues, the Latin American region is expected to foresee high growth in this market along with Middle East and Africa. MarketsandMarkets expects the data center cooling market to grow from $4.91 billion in 2013 to $8.07 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 10.4%.

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/data-center-cooling-solutions-market-1038.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com