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Technological Advancements Data Center Cooling in Industry
Global data center cooling market 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.
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%.
Data Center Cooling Market [ Solutions (AC, Chillers, Economizers, Cooling Towers, Management Systems), User Types (Cloud, Colocation, Enterprises), Services, Green Data Centers] - Global Advancements, Worldwide Forecasts & Analysis (2013-2018)
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