Market Research Report
Data Center Cooling Market Size By Component, By Cooling Technique, By Application, COVID-19 Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027
|Data Center Cooling Market Size By Component, By Cooling Technique, By Application, COVID-19 Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027|
Published: June 18, 2021
Global Market Insights Inc.
Content info: 300 Pages
Delivery time: 2-3 business days
The data center cooling market is expected to witness significant growth by 2027 primarily driven by the booming demand for data centers across the globe. In addition, burgeoning growth in cloud services adoption is estimated to further support market growth over the forecast period.
Following the COVID-19 outbreak, data centers gained immense significance as they enabled online meetings and e-commerce, among other operations. As a result, the booming need for maintenance of digital infrastructures around the world has been vastly profitable for industry expansion.
The data center cooling market has been categorized based on component, cooling technique, application, and region. On the basis of component, the market has further been divided into solution (air conditioner, cooling tower, control system, chilling unit, liquid cooling system, and economizer) and service.
The air conditioner solution segment is estimated to see substantial growth at a steady CAGR through the assessment timeframe due to the rising demand for temperature management in data centers. Small data centers with low-density deployments and low power requirements are investing in air conditioning cooling systems to reduce operational costs, which is expected to be favorable for segmental outlook over the following years.
In terms of cooling technique, the data center cooling market has been segmented into rack/row based and room-based. The rack/row based sub-segment holds a sizable share in the data center cooling market revenue and is projected to expand at a robust pace over 2021-2027. The demand for row-based cooling in smaller data centers and high-density zones is expected to surge, which is anticipated to fuel segmental adoption through the analysis period.
From the perspective of application, the market has been bifurcated into BFSI, energy, colocation, healthcare, government, IT & telecom, and manufacturing. The data center cooling market from the government application segment is calculated to garner a notable revenue by the end of 2027, progressing at a considerable rate over the projected timeline. Increasing establishment of data centers to store and process data in the government sector is anticipated to propel segmental growth in the future.
On the regional spectrum, the MEA data center cooling market is expected to showcase lucrative growth through 2027 owing to the growing number of data centers being built in the region. Moreover, rising expansion of colocation data centers is projected to accelerate regional market growth through the analysis period.
Notably, industry players are establishing more data centers to take advantage of the mounting cloud adoption in MEA, which is set to positively impact industry outlook over the forecast timeframe. For instance, in May 2021, Amazon Web Services (AWS), Amazon's cloud computing arm, announced its plans to open data centers in the UAE in the first half of 2022.
The novel AWS Middle East (UAE) Region would be the company's second facility in the Middle East after the AWS Middle East (Bahrain) Region. The infrastructure would house three Availability Zones and offer customers more choice and flexibility to use advanced technologies from the leading cloud service provider.
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