Global precision air conditioning market: 12% CAGR growth forecast between 2012-2016
Global Precision Air Conditioning Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-24 06:31:02
The Global Precision Air Conditioning market is to grow at a CAGR of 11.90 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing data center heat density. The Global Precision Air Conditioning market has also been witnessing the emergence of spot cooling equipment. However, the huge capital investment required to adopt precision cooling solutions could pose a challenge to the growth of this market.
Spot coolers are self-contained equipment which includes coolant, condensers, compressor, and cooling fans as a single unit. Spot cooling equipment is used in places where there is a need for cooling the environment and reducing the temperature. The cooling system absorbs the hot air from the surroundings and passes it through the cooling pads which are cooled using the coolant running through them. The air is then re-circulated to the data center environment, which in turn reduces the temperature in the environment. Spot cooling equipment have a major benefit as they are portable. Hence, data center service providers and enterprises are increasing their adoption of spot cooling equipment and incorporating them as part of the data center facility, thus aiding precision air conditioning solutions.
One of the major drivers is the rise in heat density along with growing workloads in data centers. The adoption of high performance equipment in data centers is increasing the heat density. To control the heat thus generated, there is a need for precision air conditioning solutions.
One of the major challenges is the need for high levels of capital investment for the adoption of precision air conditioning cooling solutions. There is a need for incorporating temperature sensors and redesigning the data center facility so as to be compatible with precision air conditioning, and this involves huge capital investment.
The key vendors dominating this space include Emerson Network Power Inc., Rittal Corp., Schneider Electric SA, and Stulz ATS Inc. The other vendors mentioned are Coolcentric, Eaton Corp., Green revolution Cooling, and Hitachi Ltd.
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