Data Center Cooling Market worth $8.07 Billion by 2018

Wednesday 29 January 2014, Amsterdam

This new report broadly segments the Data Center Cooling market by cooling solutions: air conditioning, chillers, economizers, cooling towers, cooling solutions for servers/racks, management systems and other solutions; by services being offered: system integration, monitoring services, professional services; by industry verticals: Banking & Financial Services and Insurance (BFSI), telecom and IT, oil and gas, healthcare, government and public and other verticals; by type of users: cloud providers, colocation providers and enterprises; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).

In the present scenario, data center managers have to sustain within strict infrastructure budgets, in order to attain profitability for company. With enormous increase in the demand for data centers, power consumption associated with them is also rising, thus creating a critical demand for low power consuming cooling techniques. Also, with swift advancements in technology, tremendous changes in the infrastructure spending are seen. With advanced data center cooling systems, the power consumption can be reduced, which in turn will lower the operational cost of running a data center.

Analysts expect the Data Cooling market to grow from $4.91 billion in 2013 to $8.07 billion by 2018. This represents a Compound Annual Growth Rate (CAGR) of 10.4% from 2013 to 2018. Analysts expect Asia Pacific to hold the largest market for Data Center Cooling, in terms of geographical regions and over the next five years, it is expected to continue this pace.