“US & Europe Data Center Cooling Market, By Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Other Solutions), By Cooling Type (Room-Based Cooling RoW/Rack-Based Cooling RoW/Rack-Based Cooling), By Industry Vertical (BFSI, IT & Telecom, Government & Defense, Retail, Healthcare, Other Industry Verticals), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the US & Europe Data Center Cooling Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this sector is projected to be over $3,994.9 Mn, and is estimated to increase substantially over the latter part of the forecast period.
The sole purpose of data center cooling technology is to maintain environmental conditions suitable for Information Technology Equipment (ITE) operation. Achieving this goal requires removing the heat produced by the ITE and transferring the heat to another heat sink.
Digitization has been rapidly gaining increasing traction as a direct result of a positive surge in urbanization statistics, and this has led to a higher demand for access to a service as critical as the internet, of which thermal regulators such as these devices play a pivotal role. This increase in anticipated demand is expected to continue to augment revenue growth for the US & Europe Data Center Cooling Market over the next 10 years. Moreover, primary dominance of the 3G/4G spectrums market has also played an important role in further proliferating the use of systems such as these to maintain operational efficiency. And, although the initial high costs associated with the setup and maintenance of these systems may potentially restrain the possibility of increased market growth, the gradual roll-out of 5G across the globe is slated to have a profound impact on this industry. These aforementioned factors are also slated to have an influence on the projected market growth of the US & Europe data center cooling industry, and is anticipated to further augment the overall market footprint of this sector, thereby, playing a critical role in catapulting projected revenues for the US & Europe Data Center Cooling Sector to $5,249.3 Mn by 2030, at a CAGR of 7.0%.
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