Data center cooling market boosted by need for cost-effective, eco-friendly solutions, finds MarketsandMarkets

by Brianna Crandall — February 8, 2017 — A new report from global research firm MarketsandMarkets estimates that the data center cooling market will grow from USD 7.12 billion in 2016 to $14.28 billion by 2021, at a compound annual growth rate (CAGR) of 14.95%, driven by factors such as the growing need to improve overall data center efficiency, reduce additional heat generated by increased data center power densities, and increase focus on developing cost-effective and eco-friendly data center solutions.

Liquid cooling solutions

The liquid cooling solutions segment is expected to grow at the highest CAGR during the period from 2016 to 2021, driven by the benefits they provide to the market. Liquid cooling solutions make use of advanced engineered coolants that reduce the overall carbon footprint, making them a more environment-friendly solution. Moreover, they provide efficient cooling for high-power and server-dense data centers.

Maintenance and support services

The maintenance and support services segment is expected to grow at the highest CAGR during the forecast period owing to the rapid adoption of data center cooling solutions in enterprise and large data centers, which require third-party assistance for maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.

North America

As to global regions, North America is expected to hold the largest share of the data center cooling market in 2016 due to the technological advancements and larger adoption of data center cooling technologies across a large number of industries in this region. The market in the Asia-Pacific (APAC) is expected to grow at the highest CAGR between 2016 and 2021. The primary driving force for this growth is the increasing requirement for energy-efficient and cost-effective solutions in various industries.

The report also encompasses different strategies, such as mergers and acquisitions, partnerships and collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include Schneider Electric SE (France), Black Box Corporation (USA), Nortek Air Solutions (USA), Airedale International Air Conditioning Ltd. (U.K.), Rittal GmbH & Co. KG (Germany), STULZ GmbH (Germany), Vertiv Co. (USA), Asetek (Denmark), AdaptivCOOL (USA), and Coolcentric (USA).

The 147-page Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region — Global Forecast to 2021 report is available for purchase from the MarketsandMarkets Web site. Early buyers will receive 10% customization on reports, says the firm.