March 31, 2020
According to the research report ‘Asia Pacific Data Center Cooling Market Size By Component, Cooling Technique, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, Asia-Pacific data center cooling market is expected to exceed USD 4 billion by the year 2024.
Increasing efforts by global companies towards expansion of their respective business operations and deploying IT facilities across the region is a major factor driving the growth of Asia-Pacific data center cooling industry. These infrastructure and IT facilities require efficient cooling technologies in order to manage their respective IT resources.
As per service type, the installation & deployment segment is presumed to expand substantially over the forecast period. Rising adoption of such services owing to increasing incorporation and modification of new technologies is fueling the segmental growth. Growing emphasis towards expanding business operations has amplified the database creation, hence giving rise to number of IT facilities, in turn boosting the demand for installation & deployment of cooling systems across data centers.
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The report states that APAC data center cooling market share from retail industry is expected to grow significantly during 2018-2024. Businesses are constructing new infrastructure facilities to manage their customer data and sales. Growing demand for effective cooling solutions in such building and IT facilities is propelling Asia Pacific market outlook.
The prominent companies operating in Asia-Pacific data center cooling industry are Airedale International Air Conditioning Ltd., The 3M Co., Vertiv Corp., AdaptivCOOL, Nortek Air Solutions, STULZ GmbH, Black Box Corp., Rittal GmbH, and Schneider Electric.
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