Europe Data Center Cooling Market Set to Register 6 billion USD by 2024

Tue Jan 8, 2019 - 10:30am UTC

Europe Data Center Cooling Market was valued of $3bn in 2017, is predicted to grow at over 12% CAGR during 2018 to 2024 due to the rapidly developing IT infrastructure and the increasing number of the data center facilities.

India – January 8, 2019

The research report “Europe Data Center Cooling Market Analysis By Component, By Cooling Technique, By Application – Industry Report, Growth Analysis & Forecast, 2018 – 2024”, by Graphical Research.

Europe Data Center Cooling Market estimated to cross USD 6 Billion by 2024. The data storage requirements in the region are growing rapidly due to the increasing adoption of cloud computing and connected technologies. The industrial sectors are adopting advanced equipment and machines, which are integrated with such technologies, generating large amounts of business data. The infrastructure facilities installed in the industries need to manage such massive information, which requires effective heat management solutions, thereby accelerating the Europe data center cooling market.

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In the Europe data center cooling market, the maintenance & support services are witnessing a substantial demand due to the increasing need for periodical inspection of IT devices to reduce the chances of system failures and downtime. The industrial sectors are implementing preventative maintenance tasks to predict the lifetime and operational efficiencies of the system. Such factors will drive the requirement for effective maintenance services & support, thereby providing an impetus to the Europe data center cooling market growth.

Room-based systems are witnessing a high adoption by the companies, which are focused on implementing cost-efficient technologies. These systems are providing several advantages to the companies such as easy installation, lesser operational and maintenance costs, and the ability to allow quick changes to the cooling pattern based on the position and location of the IT devices. Such factors are encouraging small-scale companies to shift their focus toward room-based cooling, providing a thrust to Europe data center cooling market growth.

IT & telecom companies are integrating these cooling solutions into their infrastructure facilities for the effective heat management of the devices. Increasing data traffic and integration of large number of electrical devices will lead to the need for effective cooling solutions. Moreover, the telecom sector is gearing up for 5G connectivity, which is predicted to unleash a massive IoT ecosystem, where the network will serve various communication needs for the billions of connected devices. Such advanced connectivity technologies are expected to drive the demand in the Europe data center cooling market.

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Key players participating in Europe data center cooling market are Schneider Electric, Asetek, Rittal GmbH, Climaveneta, Black Box Corporation, Condair Group AG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning Ltd., among others. The companies are providing their innovative solutions based on business requirements.

Segments we Cover:

Europe Data Center Cooling Market, By Component
• Solution
• Chilling unit
• Air conditioner
• Cooling tower
• Control system
• Economizer
• Liquid cooling system
• Others
• Service
• Consulting
• Maintenance & support
• Installation & deployment

Europe Data Center Cooling Market, By Cooling Technique
• Rack/row based
• Room based

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Europe Data Center Cooling Market, By Application
• IT & telecom
• BFSI
• Retail
• Energy & utility
• Healthcare
• Colocation
• Others

The Above Information Is Provided on a Country Basis for The Following:
• Germany
• UK
• France
• Spain
• Russia

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About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1127/europe-data-center-cooling-market%20

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