Data Center Cooling Market
Data Center Cooling Market Size And Forecast
Data Center Cooling Market was valued at USD 8.6 Billion in 2018 and is projected to reach USD 23.4 Billion by 2026, growing at a CAGR of 13.3% from 2019 to 2026.
Global Data Center Cooling Market Outlook
An increasing need for energy-efficient data center facilities, growing investments by managed service and colocation service providers, and increasing construction of hyper-scale data centers are the factors expected to fuel the growth of the global data center cooling market. Moreover, the emergence of cloud technology, big data, and the Internet of Things (IoT) has enabled organizations to invest in new centers to maintain business continuity is another factor expected to bolster the market growth. However, high power consumption during operation and high set up cost are restraining factors that might restrict the market growth. Furthermore, the growing demand for green data centers creates an opportunity for this market.
Global Data Center Cooling Market Competitive Landscape
The Global Data Center Cooling Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schneider Electric SE, Asetek, STULZ GmbH, Rittal GmbH & Co. KG, Black Box Corporation, Airedale International Air Conditioning Ltd., Nortek Air Solutions, LLC, Vertiv Co., AdaptivCOOL, and Coolcentric.
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