“US & Europe Data Center Cooling Market: Types, End Users, Growth Rates and Revenue Shares, and Forecast from 2020 to 2029” is a recently created report by research team at Market.US. The US & Europe data center cooling market is projected to reach a value of US$ 9.9 Billion in 2029, from a value of US$ 5.3 Billion in 2018. The global market is projected to register a considerable growth rate of 6.5%. The market has been segmented on basis of cooling type, solution, and industry vertical.
Smarter airflow management, portable cooling systems, and liquid-based cooling are some of the innovative technologies that are trending in the US and Europe data center cooling market. These innovative trends are not only expected to gain strong traction in the coming years but also likely to broaden to other regions as well, thereby further fueling growth for the target market. Another innovation in the data center market is data center cooling robots that screen the temperature and humidity levels of the server. It is called oneNeck robot sensor that is placed in the bottom of the cabinet to keep the heat and humidity levels under the monitor. Such revolutionary technologies are expected to disrupt the current technologies, further proving beneficial for the growth of data center cooling market in US and Europe.
The US & Europe data center cooling market is segmented on the basis of solution type, cooling type, and industry vertical. The Europe market is further sub-segmented into key countries such as Germany, UK, France, Italy, Russia, and Rest of Europe. Among the solution type segments, the air conditioning segment is expected to account for highest revenue share, whereas the chilling unit segment is projected to register fastest growth over the 10-year forecast period. With respect to the segments based on cooling type, the room-based data center cooling segment is estimated to account for largest revenue share in the US & Europe data center cooling market, due to increasing use of pipes and ducts. The IT and telecom industry segment, among the industry verticals, is expected to account for comparatively higher revenue share, owing to constantly increasing demand for data center systems from communication and IT services sector.
Among the countries in Europe market, the UK market is projected to dominate over the next 10 years, owing to technological improvements and recent developments by major players operating in the market. Germany market is projected to account for second-highest revenue share in Europe data center cooling market over the 10-year forecast period, owing to rapidly growing IT & Telecommunication sector, attributable to increasing number of service providers for IT infrastructure services who operate and manage information and applications of critical businesses.
Going by the optimistic scenario, revenue from the US & Europe data center cooling market is projected to increase at a CAGR of over 7% and reach a value of more than US$ 11 Bn in 2029, while likely and conservative scenarios indicate CAGR of 6.5% and value of more than US$ 9 Bn, and CAGR of over 5% and value of more than US$ 5 Bn, respectively for the same forecast period. Major players profiled in the final report include Friedhelm Loh Group (Rittal GmbH), Vertiv Co, Schneider Electric SE, Melrose Industries PLC (Nortek Air Solutions, LLC), Degree Controls, Inc. (Adaptivcool), Modine Manufacturing (Airedale International), Black Box Corporation, Asetek A/S, STULZ GmbH, and Coolcentric.