Data Center Cooling Market Share, Size, Trends and Forecasts to 2022

The global data center cooling market is expected to reach USD 5.77 billion by 2022, according to a new study by Grand View Research, Inc. Rise in number of data centers on account of surge in demand across the IT & telecom, retail, BFSI, healthcare, and energy sectors is anticipated to be key factors driving growth. Big data and cloud computing proliferation are also expected to positively impact the industry demand over the forecast period.

Emergence of new data centers has been a key factor that drives the demand for these cooling systems. The need for efficient solutions is of paramount importance in order to ensure proper server functioning and eliminate system downtime. High data volumes combined with rise in number of enterprises moving towards cloud computing is also expected to drive growth over the forecast period. Technological advancements and the development of energy efficient systems are on rise as traditional cooling systems incur high operational cost owing to increased power consumption.

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Further key findings from the study suggest:

Precision air conditioners segment witnessed high growth as well as captured more than 70% of the total share. The trend may continue throughout the forecast period as they are highly reliable and cost effective.

Managed services segment is anticipated to witness steady growth owing to high demand for OEM services. The segment accounted for more than 60% of the overall revenue in 2014.

Chillers accounted for more than 80% of the overall data center cooling market share in 2014. The segment exhibits high penetration owing to availability of new innovative and cost effective solutions.

Large enterprises contributed to over 60% of the revenue generation in 2014; growing demand across the small and medium size enterprise segment is estimated to positively impact global demand over the forecast period.

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