Data Center Cooling Market Trend: Liquid cooling systems to lead the overall component segment in the next 5-7 years

Driven by rising demand for cost-effective and eco-friendly solutions, the commercialization scale of data center cooling market is anticipated to observe a massive uptick in the forthcoming years.

Selbyville, Delaware, USA - January 8, 2019 /MarketersMedia/ —

The rising growth fortunes of the data center cooling market can aptly be credited to an expansive application spectrum which includes healthcare, energy & utility, retail, BFSI, IT & telecom to name a few. With the increasing prominence of advanced technologies such as IoT, cloud computing, and big data analytics, the necessity to construct large data centers has been on the rise in developed and emerging economies alike. As data centers consume enormous amounts of energy to function, the significance of installing energy-efficient cooling systems cannot be stressed more. As per a few reliable sources, data centers would emerge as the largest energy consumers globally with an estimated utilization of approximately 20 percent of all electricity to be produced by 2025.

Liquid cooling systems have increasingly demonstrated a promising potential to lower the overall energy required to run large data centers – a factor that has affirmed the utility of these coolants in the overall data center cooling market. In some instances, these technologies have even had a positive impact on the server processing capabilities in small and medium-sized data centers that often are not as energy efficient as larger facilities. Moreover, it has been observed that the number of racks installed across large data centers have kept on growing in the recent past which has invariably compelled numerous operators to choose liquid cooling systems over the traditional methods of cooling.

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In this regard, it would be prudent to acknowledge the efforts being undertaken by prominent liquid coolant manufacturers to unveil highly-advanced and refined versions of coolants that have swamped the data center cooling market in the recent years. Citing an instance to underscore the significance of such energy-efficient liquid coolants, Lenovo has recently presented Neptune liquid cooling at the International Supercomputing Conference (ISC) in Germany. The Chinese tech giant has claimed that the new three-pronged approach to liquid cooling ensures a staggering 50 percent increase in overall efficiency of data centers.

Elaborating further, the new coolant comes with rear door heat exchanger (RDHX), Direct to Node (DTN) warm water cooling, and an integrated solution that blends both liquid and air cooling. The launch of Neptune is apparently being cited as quite revolutionary across data center cooling market given that the coolant combines with an ‘energy aware runtime’ procedure that enhances the heat removal from all components of the systems. In addition to this, the latest coolant deploys RDHX to decrease the amount of heat expelled to the hot aisle instead of replacing the air-conditioning which is quite noteworthy.
Concurrently, the demand for liquid cooling systems is anticipated to witness a drastic jump in the forthcoming years given the necessity to minimize the total carbon footprint of energy-guzzling data centers across the globe. This would consequentially impel the growth of data center cooling market share which is estimated to register a commendable CAGR of around 12 percent over the forecast timeframe.

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In terms of the regional growth outlook, the global market space has been highly-dominated by North American nations. Owing to the increasing adoption of cloud computing and big data analytics, the need to deploy highly-efficient data storage capabilities has subsequently placed a considerable burden on the national power facilities. Moreover, the presence of technology behemoths such as Microsoft, Google, and Facebook have further added to the popularity of the North America data center cooling market.

One of the largest operational expenses in setting up a data center is the cost of energy. In a traditional data center, cooling costs alone can easily represent 25% or more of total energy costs which explains the rising significance of the overall data center cooling market. Speaking in the similar context, the developed economies in the North American region have been witnessing massive investment from private sector firms to set up large data centers. As a matter of fact, the U.S. data centers space has reportedly recorded an astonishing investment of around USD 18.2 billion in the year 2017, according to a few trusted estimates. These statistics are a testament to the humongous business opportunities awaiting the North America industry giants.

Driven by rising demand for cost-effective and eco-friendly solutions, the commercialization scale of data center cooling market is anticipated to observe a massive uptick in the forthcoming years. In fact, as per a research study undertaken by Global Market Insights, Inc., the overall remuneration portfolio of the worldwide data center cooling industry is projected to surpass USD 20 billion by 2024.

Browse key industry insights spread across 250 pages with 218 market data tables & 33 figures & charts from the report, “Data Center Cooling Market Size By Component (Solution {Chilling Unit, Air Conditioner, Cooling Tower, Control System, Economizer, Liquid Cooling System}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room Based), By Application (IT & Telecom, BFSI, Retail, Energy & Utility, Healthcare, Colocation), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Russia, Spain, China, India, Japan, Singapore, Australia, Brazil, Colombia, Chile, Peru, Argentina, Bolivia, Venezuela, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2017 - 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-cooling-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Website: https://www.gminsights.com/pressrelease/data-center-cooling-market

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