MarketResearch.biz announces publication of its most recently generated research report titled, “US & Europe Data Center Cooling Market by Cooling Type, by Solution, and by Industry Vertical – Forecast to 2029”, which offers a holistic view of the US & Europe data center cooling market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) from the US & Europe data center cooling market is projected to be more than US$ 30 Bn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
A data center cooling system is vital to maintain the safe working of electronic equipment, and it can account for up to 40% of the total energy consumption in a data center. Additionally, the enhancement of cooling system efficiency represents a great opportunity for energy and cost savings in the data center systems. Continuously rising demand for data processing owing to rapid growth of service sector has led to the rapid growth of the data center cooling market.
Browse the full “US & Europe Data Center Cooling Market by Cooling Type, by Solution, and by Industry Vertical – Forecast to 2029” report at https://marketresearch.biz/report/us-europe-data-center-cooling-market/
US & Europe Data Center Cooling Market: Dynamics
Increasing adoption of 4G high-speed network and upcoming 5G high bandwidth offerings, owing to the growing customer demand are factors expected to propel demand for data center cooling systems, especially from the IT & Telecom sector across the globe. This is expected to further increase demand for data centers, thus creating lucrative opportunities for key players in the target market.
However, high investment cost related to establishing of well-organized data center cooling is projected to hamper the growth of the market. Moreover, cooling challenges during power outage are also anticipated to obstruct the growth of the data center cooling market. Furthermore, the advent of liquid-based and portable cooling along with a rise in modular data center cooling approaches are expected to be the new trends in the US and Europe data center cooling market.
US & Europe Data Center Cooling Market: Segmental Snapshot
The market report has been segmented on the basis of cooling type, solution, and industry vertical. The cooling type segments include room-based cooling, and row/rack-based cooling. The solution segments include air conditioning, chilling units, cooling towers/liquid cooling systems, economizer systems, and other solutions. The industry vertical segments include BFSI, IT & Telecom, government & defense, retail, healthcare, and other industry verticals. The Europe data center cooling market section covers key countries in the analysis, and includes Germany, UK, France, Italy, Russia, and Rest of Europe.
- US Data Center Cooling Market: Segmental Snapshot
By Cooling Type: The air conditioning segment is expected to register highest CAGR of 7.2% over the 10-year forecast period
By Solution: The room-based solution segment is expected to register highest CAGR of 6.5% over the 10-year forecast period
By Industry Vertical: The IT & Telecom segment is expected to register highest CAGR of 7% over the forecast period
- Europe Data Center Cooling Market: Segmental Snapshot
By Cooling Type: The air conditioning segment is expected to register highest CAGR of 6.6% over the forecast period
By Solution: The room-based segment is expected to register highest CAGR of 6.1% over the forecast period
By Industry Vertical: The IT & Telecom segment is expected to register highest CAGR of 6.9%
By Country: The market in UK is expected to record highest share in terms of revenue in the Europe data center cooling market, and is projected to register highest CAGR of more than 6.5% over the 10-year forecast period
US & Europe Data Center Cooling Market: Competitive Analysis
The research report on the US & Europe data center cooling market include profiles of some major companies such as Schneider Electric SE, Melrose Industries PLC (Nortek Air Solutions, LLC), Friedhelm Loh Group (Rittal GmbH), Vertiv Co, Degree Controls, Inc. (Adaptivcool), Black Box Corporation, Modine Manufacturing (Airedale International), Asetek A/S, STULZ GmbH, and Coolcentric.
“US & Europe Data Center Cooling Market: Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the US & Europe data center cooling market for 2019–2029.
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