Data Center Cooling Market in Precision AHU application segment to exceed $1.6bn by 2023

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Data Center Cooling Market in Telecom IT to
grow at 11.8 CAGR by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Data Center Cooling Market

• New technological innovations have led to
  increase in number of data centers across the
  globe which in turn has resulted in heavy demand
  for data center cooling systems. According to
  Global Market Insights, Inc., Data Center
  Cooling market share worth USD 2.5 billion in
  2015, is anticipated to exceed USD 6 billion by
  2023, recording a CAGR of 11 over 2016-2023.
• Rising need for reducing greenhouse emissions
  has enhanced the popularity of data center
  cooling systems worldwide. Rapid expansion of IT
  services and enormous efforts to minimize
  infrastructure costs have resulted in heavy
  demand for data center cooling systems worldwide.
• Data center cooling system finds applications in
  Retail, BFSI, IT Telecom, Energy, and
  Healthcare sectors. IT Telecom industry
  accounted for 40 of data center cooling market
  share in 2015, and is predicted to grow at a rate
  of 11.8 over 2016-2023.

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Continued

• The high growth can be credited to the growing
  application of eco-friendly and cost-effective
  cooling systems across IT Telecom sector. Data
  center cooling market size in BFSI sector is
  expected to grow at a rate of 11.5 over the
  period of 2016-2023 owing to its low transaction
  turnaround time, better cooling facilities,
  periodic peak load, and easy availability.
• Major data center cooling system products include
  chillers and air conditioners. Chiller data
  center cooling market, which contributed over 80
  of the overall revenue in 2015, is forecast to
  witness a high growth over the coming seven years
  as it helps in controlling damage to hardware and
  preventing data corruption of mission critical
  systems. Air conditioner data center cooling
  market may record a CAGR of 11 over the period
  of 2016-2023.
• Based on the services, data center cooling market
  is segmented into OEM and managed services. OEM
  service segment is forecast to record a CAGR of
  11.6 over the period of 2016-2023. Managed
  services segment contributed over 60 of the
  overall revenue, and is anticipated to witness
  significant growth over the coming timeframe.

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Europe data center cooling market size, by
application, 2012 - 2023 (USD Million)

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Center Cooling Market_at_ https//tinyurl.com/hw9ucc7
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Continued.

• Asia pacific data center cooling market size is
  expected to reach USD 1.30 billion by 2023 owing
  to surge in demand from IT segment. India and
  China are expected to contribute considerably
  towards the overall revenue of the region in near
  future. North America data center cooling market
  price is expected to surpass USD 2.4 billion by
  2023. U.S. market, which accounted for over USD 1
  billion in 2015, is predicted to witness a high
  revenue surge over the period of 2016-2023.
• Market players will try to increase their profits
  through RD investments and product
  differentiation. They will make great efforts to
  improve product performance and fulfill consumer
  requirements to retain their market position. Key
  industry players include Schneider Electric
  Automation Company, Hitachi, Emerson Electric,
  Hewlett Packard, and IBM Corporation.

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