ShareGlobal Data Center Cooling Solutions Market: 2016-2020
The global data center cooling solutions market is forecast to grow at a compound annual growth rate (CAGR) of approximately 12 % from 2016 to 2020, according to a market research report from Technavio.
The global data center cooling solutions market is forecast to grow at a compound annual growth rate (CAGR) of approximately 12 % from 2016 to 2020, according to a market research report from Technavio.
The growing construction of data centers is one of the primary drivers aiding the growth of the data center cooling solutions market.
The global data center cooling market by air conditioners is expected to grow at a moderate rate and post a CAGR of more than 6% over the next five years. Air conditioners are traditional cooling units and are used to cool the entire data center environment. The demand for air conditioners is mostly from existing data centers and the revenue generated is expected to remain constant during the forecast period.
The adoption of liquid-based cooling is high as they are considered more efficient than air-based cooling. Water-based cooling, a sub-segment of liquid-based cooling, is the most widely accepted cooling system. The global data center cooling market by the liquid-based cooling technique is expected to grow at a remarkable rate, posting a CAGR of almost 16% during the forecast period.
Vendors in the data center cooling solutions market are offering innovative cooling solutions for data centers to reduce power consumption in data center facilities, thus increasing the competition in the market. Few vendors have forged long-term partnerships with specific enterprises for the installation of modern cooling systems in data centers of various organizations across the globe. There is also chances of innovative start-ups in the market, such as a new organization in liquid immersion cooling space being acquired by leading vendors.
The growing construction of data centers is one of the primary drivers aiding the growth of the data center cooling solutions market.
The global data center cooling market by air conditioners is expected to grow at a moderate rate and post a CAGR of more than 6% over the next five years. Air conditioners are traditional cooling units and are used to cool the entire data center environment. The demand for air conditioners is mostly from existing data centers and the revenue generated is expected to remain constant during the forecast period.
The adoption of liquid-based cooling is high as they are considered more efficient than air-based cooling. Water-based cooling, a sub-segment of liquid-based cooling, is the most widely accepted cooling system. The global data center cooling market by the liquid-based cooling technique is expected to grow at a remarkable rate, posting a CAGR of almost 16% during the forecast period.
Vendors in the data center cooling solutions market are offering innovative cooling solutions for data centers to reduce power consumption in data center facilities, thus increasing the competition in the market. Few vendors have forged long-term partnerships with specific enterprises for the installation of modern cooling systems in data centers of various organizations across the globe. There is also chances of innovative start-ups in the market, such as a new organization in liquid immersion cooling space being acquired by leading vendors.