2014-02-07 01:09:01 - Data Center Cooling Market - Global Advancements, Worldwide Forecasts & Analysis (2013-2018) - a new market research report on companiesandmarkets.com
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 Center 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.
Asia Pacific is forecast 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.Data Center Cooling refers to the management and maintenance of data center temperature, in a way ensuring efficient and cost-effective operation of a data center. In this report, data center cooling not only refers to the traditional air conditioning of the data centers, but also includes various emerging cooling technologies, advanced cooling hardware, cooling management systems and the cooling related services, as well. Efficient cooling methods helps in improving the data center performance and reducing the cost associated with it.Cooling of is a critical element and required in each and every data center across various industry verticals. Banking, insurance, financial services, telecommunication, IT, healthcare, government, oil and gas, retail, transportation, education, and research are some of the industry verticals where data center cooling finds applicability. In 2013, telecom and IT vertical accounts for the largest share of total data center cooling market, and is expected to continue the same by 2018 as well. The Y-O-Y growth rates of some of these verticals, including telecom and IT, banking and financial services, and healthcare, are expected to be on the higher side throughout the forecasted period. Other verticals which are expected to grow in a noteworthy manner include, retail, transportation, education, manufacturing etc.Data center cooling market in telecom and IT is growing fast, supported with significant increase in the cloud and Colocation markets, as well as rising demand for green IT infrastructure. Also, in the Asia-Pacific region enormous growth in the data center market is foreseen, which will drive the telecom and IT industry.Analysts expect the Air Conditioning solutions market to hold a major portion of the total data center cooling solutions market. However there are certain revenue pockets also namely, cooling solutions at server/rack level, cooling management systems, economizers etc.
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