A cooling system is one of the most critical elements responsible for effective functioning of the datacenters. Data center cooling signifies cooling technologies, tools, and systems used in the datacenters in order to enhance their performance and avoid data loss. Deployment rate of these smart information centers is very high, which is continuously increasing with each passing day. Rising demand for datacenters has direct influence on the demand and supply for all their supporting elements. As a result, demand for these warehouses is also a strong driver for the data center cooling market. Global market for these cooling systems is gaining momentum with growth in adoption rate and advancing technologies.
Segmentation in Datacenter Cooling Systems Market
The global market is categorized on the basis of different vital elements of the market, which have lasting impression on the current market trends and well as future of the industry. Data center cooling market is segmented on the basis of the types of solutions, services, types of users, industrial verticals, and geography.
- Solutions: Management systems, air conditioning, cooling towers, chillers, economizers, rack level/serve level cooling solutions, and others
- Services: Monitoring, system integration, and other professional services
- End Users: Colocation service providers, cloud service providers, and others
- Verticals: Telecom and IT, BFSI, government and public, oil and gas, healthcare, and others
- Geography: Middle East and Africa, Latin America, North America, Asia Pacific, and Europe
What to Expect From 2014
Enterprises relying on data centers are compelled to make use of advanced technologies. Growth in the use of large information warehouses and industrial growth in emerging markets have also triggered demand for cooling systems across different industrial verticals as well as geographic regions. Regular cooling systems within a datacenter account for around 40% of total consumption of power within the system. Hence, energy efficiency is a major characteristic that the enterprise owners are looking for in a cooling system. In order to cater to this rising demand, the global data center cooling market is going through technological advancements.
With impressive growth of the industry in the recent past, researchers are also hoping for strong growth within next few years. During the forecasting period of next four to five years (2013 to 2018), data center cooling market is estimate to grow at a compound annual growth rate of over 10%. This steady growth rate is considered to be remarkable for this developing market. At the estimated CAGR the market is expected to rise from $4.91 billion in 2013 to become worth $8.07 billion by the end of 2018. Investments from key industry players and growth in the emerging markets are anticipated to help the industry to maintain steady growth during the forecasting period.