Asia Pacific Data Center Cooling Market to cross USD 1.3 billion by 2023
Global data center cooling industry is segmented into varied applications like IT & telecom, BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom segment is expected to dominate the application segment during forecast timeline due to high acceptance of data center cooling systems. Further, growing acceptance of ecologically and economically effective cooling techniques like liquid cooling is projected to evolve as a main factor for data center cooling industry demand across many global IT & telecom applications.
Global data center cooling industry is segmented into varied applications like IT & telecom, BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom segment is expected to dominate the application segment during forecast timeline due to high acceptance of data center cooling systems. Further, growing acceptance of ecologically and economically effective cooling techniques like liquid cooling is projected to evolve as a main factor for data center cooling industry demand across many global IT & telecom applications.
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<strong>Asia</strong> <strong>Pacific</strong> <strong>Data</strong> <strong>Center</strong> <strong>Cooling</strong> <strong>Market</strong> <strong>to</strong> <strong>cross</strong> <strong>USD</strong><br />
<strong>1.3</strong> <strong>billion</strong> <strong>by</strong> <strong>2023</strong> : Global <strong>Market</strong> Insights Inc.<br />
Global <strong>Data</strong> <strong>Center</strong> <strong>Cooling</strong> <strong>Market</strong> size was $2.59 <strong>billion</strong> in 2015 and predicted <strong>to</strong> surpass<br />
$6.1 <strong>billion</strong> mark <strong>by</strong> end of forecast timeframe registering CAGR of 11.1%. Rapid rise in<br />
amount of data centers <strong>to</strong> match s<strong>to</strong>rage space requirements are predicted <strong>to</strong> propel demand for<br />
less energy consuming cooling techniques.<br />
Industry has experienced evolution of many businesses that work on an internet platform. This<br />
has led <strong>to</strong> enhanced data s<strong>to</strong>rage and processing coupled with server downtime caused <strong>by</strong><br />
generation of heat. Increase in power consumption as well as price has created a need for<br />
managing capacity, minimizing cost and addressing ecological concerns. Demand for high<br />
computational ability and enhanced focus on centralization of IT <strong>by</strong> many firms are few of the<br />
fac<strong>to</strong>rs driving power consumption.<br />
Temperature changes can lead <strong>to</strong> machine damage promoting use of data center cooling<br />
devices. High ownership costs due <strong>to</strong> heavy investments and maintenance needs can hinder the<br />
demand and growth of the data center cooling industry in future.<br />
Application Overview<br />
Global data center cooling industry is segmented in<strong>to</strong> varied applications like IT & telecom,<br />
BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom<br />
segment is expected <strong>to</strong> dominate the application segment during forecast timeline due <strong>to</strong> high<br />
acceptance of data center cooling systems. Further, growing acceptance of ecologically and<br />
economically effective cooling techniques like liquid cooling is projected <strong>to</strong> evolve as a main<br />
fac<strong>to</strong>r for data center cooling industry demand a<strong>cross</strong> many global IT & telecom applications.<br />
BFSI applications segment is predicted <strong>to</strong> acquire data center cooling market share at CAGR<br />
of 11.51% during forecast timeline. They need high system accessibility, periodic peak time<br />
and less transaction turnaround period along with good cooling amenities. Many cloud-based<br />
data management participants concentrate on banking applications due <strong>to</strong> enhanced digitization<br />
of banks.<br />
Product Overview<br />
Global data center cooling market is segmented in<strong>to</strong> key products like chillers and air<br />
conditioners.Chiller segment is anticipated <strong>to</strong> dominate the data center cooling industry <strong>by</strong><br />
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contributing more than 80.1% of the <strong>to</strong>tal industry share for 2015. Air conditioners segment is<br />
forecast <strong>to</strong> register more than 11.1% of CAGR in future.<br />
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Service Overview<br />
Global data center cooling market is segmented in<strong>to</strong> different services like OEM (Original<br />
Equipment Manufacturer) services and managed services.Managed services segment<br />
contributed more than 60.1% of <strong>to</strong>tal industry revenue share.OEM (Original Equipment<br />
Manufacturer) segment is predicted <strong>to</strong> display CAGR of 11.61% during forecast timeline.<br />
Solution Overview<br />
Global data center cooling market is segmented in<strong>to</strong> different data center cooling solutions like<br />
precision air handling units and precision air conditioners.Precision air handling units segment<br />
is cost effective and prove benefits like low maintenance price, minimized power consumption<br />
and reliability. So the demand for these solutions is anticipated <strong>to</strong> grow in future. Precision air<br />
conditioners segment contributed more than 70.1% of overall data center cooling market share<br />
for 2015 and is predicted <strong>to</strong> grow in future.<br />
End use overview<br />
Global data center cooling market is segmented in<strong>to</strong> small firms, large firms and midsized firms<br />
depending upon its end use. Large firms segment is predicted <strong>to</strong> dominate the global industry<br />
in future. Substantial data production a<strong>cross</strong> the segment is the key driving fac<strong>to</strong>r behind the<br />
segment growth.<br />
Midsized firms have less s<strong>to</strong>rage as well as processing capacity. Consumers belonging <strong>to</strong> this<br />
segment prefer air conditioners as main cooling devices. Small firms segment is predicted <strong>to</strong><br />
register CAGR of 11.51% during forecast timeframe.<br />
Regional overviewGlobal data center cooling industry is segmented in<strong>to</strong> main geographical<br />
regions like APAC, North America, MEA, Europe and Latin America. APAC data center<br />
cooling market share is projected <strong>to</strong> <strong>to</strong>uch $<strong>1.3</strong>1 <strong>billion</strong> <strong>by</strong> end of forecast timeframe owing <strong>to</strong><br />
high demand from nations like China and India who have substantial growth potential owing<br />
<strong>to</strong> rapid technological breakthroughs.U.S. data center cooling industry had led North America<br />
<strong>to</strong> dominate the global data center cooling market for 2015 . North America contributed more<br />
than $1.1 <strong>billion</strong> during that year.<br />
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<strong>Asia</strong> <strong>Pacific</strong> data center UPS market size <strong>by</strong> product, 2012-2022 (<strong>USD</strong><br />
Million)<br />
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Key Topics Covered in the report:<br />
• <strong>Market</strong> Definition for <strong>Data</strong> <strong>Center</strong> <strong>Cooling</strong> <strong>Market</strong> along with restraints, drivers of the<br />
market<br />
• Analysis with competitive landscape and assessments on a regional scale<br />
• Recognition of fac<strong>to</strong>rs influencing the market scenarios and key market players,<br />
company profiles and strategic activities.<br />
• Insights on prospective opportunities and challenges<br />
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