Data Center Cooling Market to Grow at a CAGR of 10.4% to 2018
(M2 PressWIRE Via Acquire Media NewsEdge) 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.
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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.
MarketsandMarkets expects 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.
Some of the challenges in this market include high uptime, uninterrupted supply of power and retro-fit and compatible cooling solutions. It is expected that the impact of these issues will be reduced with new advancements in the due course of time.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
The report will help the market leaders/new entrants in this market in the following ways -
This report segments the market into cooling solutions and services covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and regions.
This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem and competitor portfolio comparison. Besides, there are company profiles of 10 top players in this market. In this section, market internals are provided that can put them ahead of the competitors.
The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.
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