Data Center Cooling Market: Outlook, Opportunity and Demand Analysis, Forecast By 2026

The global data center cooling market could surpass an annual evaluation of USD 25 billion by 2026. Increased power consumption along with an objective to improve the overall efficiencies are likely to augment the development of market. Several government reforms on data centers have urged the adoption of energy-efficient cooling techniques to maintain IT devices.

Additionally, a hike in the number of connected factories will push the consumption of data centers, leading to increased adoption of data center cooling components over the next few years albeit the COVID-19 industrial crises.

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There are growing investments in R&D on hyper-scale data centers from Google, Microsoft, and AWS among several other cloud service providers to adopt energy-efficient cooling systems. They are also working on amplifying storage capabilities for efficient workflow on the cloud. Google introduced liquid cooling systems to offer AI data processing in May 2018 as a solution to excessive heat generation by Tensor Processing Units (TPUs) in traditional components.

Consistent adoption of liquid cooling systems in data centers is leading to industrial expansion across the globe. For instance, Germany- based Cloud & Heat Technologies, in 2018, transported a container-based system to a subsidiary of Sumitomo Corporation, Inabata, to extend the former company’s liquid-cooled offerings in Japan.

The rack/row based cooling segment in the data center cooling market is pegged to expand with regard to market share in the coming years. The growth can be attributed towards the need for a reduction in airflow path lengths that lowers the CRAC fan power requirements and utility costs besides increasing the efficiency. One of the rows in this design operates on high-density applications, while the other row of the rack performs low power density applications.

Overall, the rack-based cooling system provides optimum cooling for the device along with redundancies by targeting specific requirements for the racks in the servers.

Based on applications, the healthcare segment is likely to gain traction through 2026 due to a growing necessity for enhanced IT facilities as well as infrastructure capacities. There is also an increased demand for rapid transformation of data centers for better management of digitalization needs.

A national healthcare data network with online five data centers was launched in Guizhou Province, China in June 2018. Similar trends will highlight the importance of processing healthcare data worldwide and trigger the customization of data center capabilities for medical applications, driving data center cooling market outlook.

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Leading companies in the global data center cooling market include STULZ GmbH, Vertiv Co., and Schneider Electric SE. These companies are focusing on increasing their market penetration across the globe through strategic acquisition, mergers, and collaborations. For example, Equinix, Inc. announced the launch of 12 new International Business Exchange (IBX) data centers by the end of 2019 and the expansion of its 23 existing IBX data centers in May 2019. The approximated cost of constructing these enormous data centers was projected to be US$2 billion. Similar projects over the years will outline market forecast.

Major Key Points from Table of Content:

Chapter 6.    Data Center Cooling Market, By Application

6.1.    Key trends, by application

6.2.    BFSI

6.2.1.    Data center cooling market estimates and forecast, 2016 - 2026

6.3.    Colocation

6.3.1.    Market estimates and forecast, 2016 - 2026

6.4.    Energy

6.4.1.    Market estimates and forecast, 2016 - 2026

6.5.    Government

6.5.1.    Market estimates and forecast, 2016 - 2026

6.6.    Healthcare

6.6.1.    Market estimates and forecast, 2016 - 2026

6.7.    Manufacturing

6.7.1.    Market estimates and forecast, 2016 - 2026

6.8.    IT & Telecom

6.8.1.    Market estimates and forecast, 2016 - 2026

6.9.    Others

6.9.1.    Market estimates and forecast, 2016 - 2026

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