US and Europe Data Center Cooling Market By Solution (Air Conditioning, Chilling Units, And Others), By Cooling Type (Room-Based Cooling And Row/Rack-Based Cooling), By Industry Vertical (Bfsi, It & Telecom, And Others) and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “US & Europe Data Center Cooling Market by Solution (Air Conditioning, Chilling Units, Cooling Towers/ Liquid Cooling Systems, Economizer Systems, and Other Solutions), By Cooling Type (Room-Based Cooling and RoW/Rack-Based Cooling), By Industry Vertical (BFSI, IT & Telecom, Government & Defense, Retail, Healthcare, and Other Industry Verticals), and by Country/Region – Forecast to 2029.”, which offers a holistic view of the US and Europe data center cooling market through systematic segmentation that covers every aspect of the target market.

The US and Europe Data Center Cooling Market is projected to be US$ 5,993.0 Mn in 2021 to reach US$ 9,941.7 Mn by 2029 at a CAGR of 6.5%.

Data center refers to a group of buildings that provide capacities for centralized networking, storage, backup, management, dissemination of data and other such networking services. Data center cooling systems are used as cooling solutions to maintain the temperature in these data centers within an acceptable limit.

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Data center are high density enclosed spaced that generate a significant amount of heat in a relatively small area. This is because every watt of electricity used by any system mixes with the air as heat. If the heat is not removed or cooled in any way, it will ultimately rise resulting in electronic equipment failure. Thus, data center cooling system is essential and designed for constant cooling with very high cooling intensity for the entire floor area.

In recent years, a continuous rise in demand for data processing owing to rapid growth of service sector has led to the rapid growth of the data center cooling market. A data center cooling system is vital to maintain the safe working of electronic equipment, and it can account for up to 40% of the total energy consumption in a data center. Additionally, the enhancement of cooling system efficiency represents a great opportunity for energy and cost savings in the data center

US & Europe Data Center Cooling Market Revenue (US$ Mn), 2019–2029

Expanded use of 4G network and upcoming offerings for 5G, owing to the growing customer demand is expected to propel a large load on the IT & Telecom sector across the globe. This is expected to further increase demand for data centers, thus creating lucrative opportunities for key players in the market.

US & Europe Data Center Cooling Market Attractiveness Index by Solution, 2019

The US and Europe data center market is segmented on the basis of solution type, cooling type, industry vertical, and region. Among solution type, air conditioning is expected to gain the highest share, whereas the chilling unit is likely to be the fastest rising market. Based on cooling type, room-based data center cooling is estimated to a maintain large share owing to use of pipes and ducts. IT and telecom among the industrial verticals have gained a large share owing to constant increasing demand for communication and IT services.

North America is dominating the overall data center cooling owing to technological improvements and recent developments relating to the market. Asia Pacific is projected to gain prominence over forecasted period owing to increase in telecom segment, which may be attributed to the increase in service providers for IT infrastructure services who operate and manage critical business information and applications.

The research report on the US and Europe data center cooling market includes profiles of some of the major companies such as Leggett & Platt Incorporated, DE-STA-CO, Bettinelli Officine Meccaniche (Bettinelli Mechanical Office), RNA Automation Ltd., Stelron Components, Inc., Motion Index Drives Inc., CamField Engineers, Sankyo Automation, Italplant s.r.l., and Others.

Key Market Segments:

Based on by Solution:

• Air Conditioning
• Chilling Units
• Cooling Towers
• Economizer Systems
• Liquid Cooling Systems
• Other Solutions

Based on by Cooling Type:

• Room-Based Cooling
• RoW/Rack-Based Cooling

Based on by Industry Vertical type:

• Bfsi
• IT & Telecom
• Government & Defense
• Retail
• Healthcare
• And Other Industry Verticals

Key Market Players included in the report:

• Leggett & Platt Incorporated
• DE-STA-CO
• Bettinelli Officine Meccaniche (Bettinelli Mechanical Office)
• RNA Automation Ltd.
• Stelron Components Inc.
• Motion Index Drives Inc.
• CamField Engineers
• Sankyo Automation
• Italplant s.r.l.
• Others

For the US & Europe Data Center Cooling Market research study, the following years have been considered to estimate the market size: