In the Report “Data Center Cooling Systems Market: By Cooling Strategy (Free Cooling, Air Containment, Closed Loop); By Data Center (TIER- 1,2,3,4); By Industry (Energy, Healthcare, Cloud Service, Others); By Services (Deployment, Maintenance, Monitoring Software); By Geography - (2018 - 2023)” published by IndustryARC, the market is driven my advances in devices used in communication and businesses, as well as digitization of unstructured data.
America continues to lead with major growth in the Data Center Cooling Systems Market
America is the leading region in Data Center Cooling Systems Market, capturing 44% of the share. The American market is expected to grow at CAGR of 8.96% and gain $5.42 billion by 2023. The North American market of US and Canada is huge. The region is the largest data center market globally,and now accounts for approximately 10 million square meters of data center.
Selected Cooling Type Analysis done in the Data Center Cooling Systems Market Report:
The market share of Free Cooling, Air Containment and Closed Loop Cooling types played a key role in serving the market in 2017.The significant share of around 59% was possessed by the Closed loop cooling technique,followed by air containment technique. The free cooling technique will observe a boost in their respective market share as the law enforcing organizations will start rolling out new regulations for limiting the power consumption and reduction in carbon use in IT services.
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Key players of the Data Center Cooling Systems Market
Emerson and Schneider,Siemens, 3M Corp., Airedale, Emerson, APC and Rittal Corporationare the key manufacturers of different types of cooling systems, HVAC units and other accessories for data centers.Emerson’s major product launches were Liebert CRV and heat-resistant power distribution unit racks. 3M Corp., Captherm and Airedale are the companies which include dedicated chilled water systems, multi phase cooling solutions and two-phase immersion cooling technology are some of the other data center cooling technologies.
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