The necessity of data center cooling solution is rapidly increasing due to the growing Information technology sectors. It is essential in maintaining the ideal condition of the environment that is suitable for the IT equipment. During the work process, the information technology equipment produces a high amount of heat which might interrupt the functionality of the computer in the long run. The Datacenter cooling technology helps in eliminating the heat emitted by that equipment and transfers it on to the heat sink. The demand for the data center cooling technology is growing globally because due to the absence of it, the equipment might not function efficiently and lead to system failure.
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The report states the market status and growth opportunity of the Global data center cooling market Industry. It also highlights the market segmentation of the industry with respect to market segmentation, service segmentation, cooling technique segmentation, application segmentation, and region segmentation. The report also focuses on the major key players of the data center cooling market. The market size of the Global data center cooling industry was 7.50 billion US$ in the year 2017 and is expected to rise to 20.84 billion US$ by the end of the year 2026 due to its high demand. The rate of CAGR will be 13.63% for the financial years 2018 to 2026.
Key classification of the Global Data centre cooling Market
On the basis of component segmentation, the Global Data center cooling Market deals in Chilling unit, Air conditioner, Economizer, Control system, Cooling tower, and liquid cooling system. It is widely versatile and applies to almost all IT equipment.
On the basis of service segmentation, the Global Data Center cooling Market provides consulting service, Installation service, deployment service, support, and maintenance service. The companies in the industry take up all the necessary services for installing data center cooling solutions in your workplace.
On the basis of application segmentation, the global data center cooling market extends its service to BFSI, retail, Healthcare, colocation, IT, Telecom, Energy, and a lot more. These sectors are rapidly adapting to the efficiency of data center cooling solutions.
On the basis of region segmentation, the Global Data center cooling Market is widely spread across various regions of the world including South America, Asia-Pacifica, Africa, and North America. The company across these regions generates the maximum market revenue for the global industry.
Major players of the Industry
Various companies in the global market are giving in their collective efforts to boost the market status of the industry. Some of the major players are Alfa Laval, Asetek, Vigilent, Trane, Stulz, Renovo Zhuhai and a lot more. These companies are eyeing towards bringing in a new product offering to their clients and customers to boost the overall market revenue.
Recent news of the Industry
In September 2019, the major players of the Global data center cooling market are collaborating to bring in new product offerings and technologies to provide better service to the clients and customers.
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