The study involved four major activities in estimating the current data center cooling market size. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizes with industry experts across the data center cooling value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to calculate the size of the market’s segments and sub-segments.
Secondary Research
The research methodology used to estimate and forecast the data center cooling market begins with capturing data on revenues of key vendors in the market through secondary research. In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; notifications by regulatory bodies; trade directories; and databases. Vendor offerings have also been taken into consideration to determine market segmentation.
Primary Research
The data center cooling market comprises several stakeholders, such as raw material suppliers, processors, recycling companies, data center cooling manufacturers, and regulatory organizations in the supply chain. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the data center cooling market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various sourcing industries.
The following is the breakdown of the primary respondents:
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the total size of the data center cooling market. These approaches have also been used extensively to estimate the size of various dependent market subsegments. The research methodology used to estimate the market size included the following.
The following segments provide details about the overall market size estimation process employed in this study:
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The key players in the market were identified through secondary research.
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The market shares in the respective regions were identified through primary and secondary research.
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The value chain and market size of the data center cooling market, in terms of value, were determined through primary and secondary research.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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The research included studying the annual and financial reports of the top market players and interviewing industry experts, such as CEOs, VPs, directors, sales managers, and marketing executives, for key insights, both quantitative and qualitative.
Global Data Center Cooling Market Size: Bottom-Up Approach and Top-Down Approach
Data Triangulation
The market was split into several segments and sub-segments after arriving at the overall market size using the market size estimation processes as explained above. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the data center cooling sector.
Market Definition
Data center cooling is a system of equipment, tools, processes, and techniques designed to manage and control the generation of heat by the hardware within the data centers, and the temperature of the data center infrastructure to be at an optimal level to keep the systems running and avoid downtime. Air and liquid systems are a few cooling methods used to ventilate and maintain the gadgets at their optimum temperatures. The global data center cooling market is growing quickly due to increasing data generation, adoption of cloud computing, and a rising number of hyper-scale and edge data centers. All these high power density poses a significant challenge to the cooling solutions; if not well designed, it can threaten the safety of hardware facilities, which is quite common in traditional infrastructures. The market trend is rising towards high-end liquid cooling and power-saving technologies with the implementation of environmental regulations and the need to keep down on the energy consumption and carbon emissions.
Stakeholders
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NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms
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Telecom Services Providers
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Original Equipment Manufacturers
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Value-added Service Providers
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Data Center Cooling Solution Vendors
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Data Center Operators
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Data Center Colocation Service Providers
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System Integrators
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Cloud Service Providers
Report Objectives
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To define, describe, and forecast the global data center cooling market based on component, solution, type of cooling, service, data center type, end-use industry, and region
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To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To strategically analyze micromarkets concerning individual growth trends, prospects, and contributions to the total market
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To forecast the market size relating to five central regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
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To track and analyze competitive developments such as joint ventures, mergers & acquisitions, product launches, and research & development (R&D) activities in the data center cooling market
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To strategically profile the key market players and comprehensively analyze their core competencies
Growth opportunities and latent adjacency in Data Center Cooling Market