The proliferation of structured and unstructured data, and growing global demand for cloud computing is driving the growth of the global data center cooling market. As the need for information storage capacity and higher data processing is increasing, the enterprises are expanding their current data center infrastructure, as well as setting up new data centers.
Data center cooling refers to the equipments and technologies installed in data centers to reduce interruption caused, due to overheating of systems and avoid heating, in order to improve the performance. System cooling is a critical element in the effective functioning of data centers. For a data center to run effectively, it is essential to keep the environment cool as the extreme heat generated from the processors can cause system impairment, which leads to obsolete flow of information or data loss. In order to keep the environment at a balanced temperature and prevent damages, the cooling systems are installed in data centers.
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The global data center cooling market can be segmented on the basis of user-type, solutions, service, industry verticals, types of cooling, and by regions. On the basis of user type, the global data center cooling market can be divided into cloud provider, colocation provider, and enterprise. Based on solutions, the market has been categorized as air conditioning, economizers, cooling towers chillers, management systems, and others. On the basis of service, the global market of data center cooling can be segmented, as system integrators, professional services, and monitoring services. On the basis of industry verticals, the market can be divided into banking, financial services and insurance (BFSI), energy, healthcare, education, government, IT and telecom, and others. Amongst the industry verticals, IT and telecom are the major contributors to the growth of the global data center cooling market. On the basis of types of cooling, the market can be categorized into room cooling and rack/row cooling.
Further, there has been an augmented focus on improving the productivity of data centers, which has led to an evolution in demand for data center cooling. The increase in processing and capacity requires increased energy consumption, which leads to increased heat generation. Many data centers are initiating heat energy conversion, an ecological technology that involves cooling and reprocessing waste. For example, the heat energy conversion method of International Business Corporation (IBM), utilizes hot water departing the facility for under-floor warming, while refrigerating the water again upon re-entry.
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North America dominated the global data center cooling market in 2014. However, Asia-Pacific and Europe are expected to experience faster growth during the forecast period. Europe is experiencing rapid growth, due to strict government regulations in the region regarding energy proficiency. Asia-Pacific is experiencing high growth in data consumption, which is the reason for high growth in both traditional and cloud data centers in the region.
However, the major challenge confronted by data center cooling market is the huge set up cost and electricity consumption related with the cooling systems. To overcome the huge set-up costs, the service providers are providing greener cooling solutions to make the organizations more energy-efficient. Some of the key competitors in the global data center cooling market include Emerson Electric Co., Coolcentric, FUJITSU, Hewlett-Packard Development Company, L.P., Rittal GmbH & Co. KG, Hitachi Ltd., International Business Machines Corp, Intel Corporation, and STULZ GmbH.
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