Opportunities in the Emergence of Liquid Cooling Technology & Innovative Cooling Techniques
The data center cooling market is projected to grow from USD 9,425 million in 2020 to USD 15,669 million by 2025, at a compounded annual growth rate (CAGR) of 10.7% from 2020 to 2025.
The major reasons for the growth of the data center cooling market include improving efficiency in data centers, rising spending on data centers, significant growth in the number of data centers and their power density, increasing demand for cost-effective data center solutions, and the rising significance of eco-friendly data center solutions. These factors are responsible for driving the demand for the data center cooling market.
The services component segment of the data center cooling market is estimated to grow with the highest CAGR in the global data center cooling market during the forecast period of 2020 to 2025. The services associated with data center cooling, such as consulting, installation & deployment, and maintenance & support, are expected to witness increasing demand from users.
Liquid cooling systems are estimated to witness the highest growth in data center cooling market, in by solution segment during the forecast period
By solution, the liquid cooling systems segment is projected to record the highest growth in the global data center cooling market, during the forecast period. The high growth of the liquid cooling systems solution segment is majorly attributed to their advantages over air cooled systems. The liquid cooling systems offer benefits such as cooling at a reduced energy cost as compared to air cooling systems along with lower the noise levels originating from equipment such as fans in the air cooling systems.
Posted from: DUBLIN, March 15, 2021 /PRNewswire