PUBLISHER: BIS Research | PRODUCT CODE: 1373566
PUBLISHER: BIS Research | PRODUCT CODE: 1373566
“Global Data Center Cooling Component Market Expected to Reach $12.14 Billion by 2028.”
KEY MARKET STATISTICS | |
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Forecast Period | 2023 - 2028 |
2023 Evaluation | $5.83 Billion |
2028 Forecast | $12.14 Billion |
CAGR | 12.4% |
The global data center cooling component market is expected to reach $12.14 billion by 2028 growing at a CAGR of 12.4% between 2023 and 2028.
The global data center cooling component market is a vital and evolving sector within the broader data center industry, essential for maintaining the optimal performance and reliability of data centers. As data centers continue to expand in response to the ever-growing demand for digital services, cloud computing, and data storage, the need for efficient cooling solutions has become paramount. Data center cooling components are a crucial part of the infrastructure, as they help manage the temperature and airflow within these facilities, ensuring that servers and networking equipment operate at peak efficiency while minimizing downtime and energy consumption.
Product/Innovation Strategy: The product segment helps the reader understand the different types of cooling products available for deployment in the data center industry. Data center cooling technologies generate higher revenues when compared to conventional cooling practices. Therefore, the data center cooling business is a moderate investment and high revenue generating model.
Growth/Marketing Strategy: The global data center cooling component market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been a business expansion to strengthen their positions in the data center cooling component market.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global data center cooling component market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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