Increase in the demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, substantial growth with data center and power density drive the market growth. However, requirement of specialized infrastructure and higher investment cost and cooling challenges during power outage is expected to hamper the growth of the global data center cooling market during the forecast period.

According to a recent report published by Allied Market Research, titled, "data center cooling market by component, type of cooling, type of data centers, and industry vertical: opportunity analysis and industry forecast, 2020–2027,"the global data center cooling market size was valued at $10,541.82 million in 2019, and is projected to reach $27,308.73 million by 2027, growing at a CAGR of 12.8% from 2020 to 2027.

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COVID-19 IMPACTS:

• The COVID-19 pandemic is anticipated to have a considerable impact on the growth data center cooling industry.

• Although the COVID-19 emergence has affected the overall major industrial sectors, the data center cooling market is expected to witness constant revenue growth, owing to increase in requirements from sectors such as financial institutions, telecom operators, manufacturing, and services. Furthermore, owing to lockdown imposed across various countries to contain COVID-19 virus, there is a high demand to create and manage unstaffed data centers.

• This effort is headed by DCIM software, with offerings from data center infrastructure management (DCIM) specialists, equipment vendors such as Schneider Electric and Vertiv, and edge specialists like EdgeConneX and Vapor IO.

Room-based cooling dominated the overall data center cooling market share in 2019 and is expected to continue this trend during the forecast period as it provides effective cooling at less cost. Furthermore, room-based cooling is anticipated to maintain large market share owing to the least use of pipes and ducts compared to other cooling types. Conversely, air conditioners and other air-based cooling circulate air to maintain temperature in data centers within permissible limit. Therefore, room-based cooling is gaining ground due to its energy-efficient cooling.

Based on component, solution dominated the data center cooling market in the year 2019 and is expected to dominate the market in coming years, owing to the increase in number of energy efficient cooling solutions. Furthermore, air conditioners under solution subsegment had the largest market share due to its energy-efficiency and cost-effectiveness. Moreover, with increase in number and higher density in data centers, there is a need for efficient cooling. Air conditioners with the help of air ducts circulate air in the high-density racks to maintain temperature within permissible limit. However, services in the component segment witnessed high CAGR growth in the data center cooling industry.

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Key Market Players:

• Vertiv Group Corp.

• Fujitsu

• Schneider Electric

• Stulz Gmbh

• Hitachi, Ltd.

• Rittal Gmbh & Co. Kg

• Airedale International Air Conditioning Ltd.

• Black Box Corporation

• Asetek, Inc.

• Nortek Air Solutions


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