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Data Center Cooling Market Growing at a CAGR 15.0% | Key Player Schneider, Black Box, Vertiv, Airedale, Asetek

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Data Center Cooling Market Growing at a CAGR 15.0% | Key Player Schneider, Black Box, Vertiv, Airedale, Asetek

March 30
19:32 2020
Data Center Cooling Market Growing at a CAGR 15.0% | Key Player Schneider, Black Box, Vertiv, Airedale, Asetek

Schneider Electric (France), Black Box Corporation (US), Nortek Air Solutions, LLC (US), Airedale International Air Conditioning Ltd. (UK), Rittal GmbH & Co. KG (Germany), STULZ GmbH (Germany), Vertiv Co. (US), Asetek (Denmark), AdaptivCOOL (US), and Coolcentric (US).
Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System, and Others), Service, Type of Cooling, Data Center Type, Industry, and Region – Global Forecast to 2021

The global Data Center Liquid Cooling Market is expected to grow from USD 1.2 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.6% during the forecast period. Major factors driving the growth of the data center liquid cooling market include increasing need for energy-efficient cooling solutions, growing demand for compact and noise-free solutions, need for lower operating costs, and need for better overclocking potential.

The air conditioning segment to have the largest market size during the forecast period

Among solutions, the air conditioning segment is expected to have the largest market size from 2016 to 2021. Air conditioning solutions/units have low installation costs and are comparatively easy to maintain. They are used widely in data center facilities with moderate availability requirements. These benefits are driving the air conditioning segment in the data center cooling market during the forecast period.

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Maintenance and support segment to grow at the highest CAGR during the forecast period

Among services, the maintenance and support segment is expected to grow at the highest CAGR during the forecast period. This high growth is due to the rapid adoption of data center cooling solutions in enterprises and large data centers, which require third-party assistance for the maintenance of the cooling infrastructure and additional support for the liquid cooling infrastructure.

The data center liquid cooling market comprises major solution providers, such as Asetek (Denmark), Rittal (Germany), Vertiv (US), Green Revolution Cooling (US), Midas Green Technologies (US), Allied Control (Hong Kong), Schneider Electric (France), Chilldyne (US), CoolIT Systems (Canada), Submer (Spain), Iceotope (UK), Fujitsu (Japan), Aspen Systems (US), DCX The Liquid Cooling Company (Poland), Ebullient (US), Aquila Group (US), ExaScaler (Japan), Cooler Master Co (China), Asperitas (Netherland), Liqit.io (Ukraine). The study includes an in-depth competitive analysis of these key players in the data center liquid cooling market with their company profiles, recent developments, and key market strategies. The players in this market have adopted various strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations have been the most dominating strategies adopted by the major players from 2018 to 2019, which helped them strengthen their offerings and broaden their customer base.

Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1038

Asetek (Denmark) has a strong foothold in the data center liquid cooling market with robust offerings. The company is a major player in liquid cooling systems for data centers, servers, workstations, and gaming and high-performance Personal Computers (PCs). It provides liquid cooling products, which help reduce power consumption, carbon footprints, and lower server noise thereby improving overall performance. The company has focused its growth strategy on new product launches. For instance, in April 2019, Asetek introduced the 645LT AIO Central Processing Unit (CPU) Liquid Cooler for small form factor systems.

Submer (Spain) is another major vendor in the data center liquid cooling market. The company provides liquid immersion cooling solutions for data centers. It offers solutions, such as SmartPodX, SmartPod, Turnkey Immersion cooling, and HPC Immersion Cooling systems. The company has focused its growth strategy on inorganic growth. For instance, in September 2019, Submer partnered with 2CRSi to help deliver High Performance Computing (HPC) environments to the EU Joint Research Center.

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