March 31, 2020
According to the research report titled ‘Europe 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, Europe data center cooling market is expected to surpass USD 6 billion by the year 2024.
Rising adoption of connected technologies and cloud computing has impelled the demand for data storage systems, which in turn is a major factor driving the data center cooling market in Europe. Generation of large volume of data owing to increasing integration of advanced technologies in machinery and equipment across various industries has also enhanced the deployment of heat management solutions, thereby aiding the market expansion.
The report states that the maintenance & support services segment is presumed to expand substantially during the study period. Numerous enterprises are introducing preventive maintenance solutions in order to predict the operational efficiency and lifetime of the IT infrastructure. Growing preference for periodical inspection of such IT systems in order to reduce the risk of system failure is shifting the inclination of enterprises towards maintenance & support services.
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Based on cooling technique, room-based systems segment is expected to grow significantly through 2024. Rising focus of enterprises towards implementing cost-efficient technologies has enhanced the adoption of room-based cooling systems in Europe. These systems offer low maintenance and operational costs. They can be installed easily and ensures quick change in cooling patterns as per the location and position of IT devices.
Europe data center cooling market from IT & telecom application is anticipated to witness lucrative growth in the ensuing years, primarily due to rising incorporation of data center cooling systems for efficient heat management of the devices. Rapid digitalization and surging volume of data traffic is also augmenting the demand for cooling systems. The advent of 5G technology will further create lucrative growth avenues for data center cooling industry in Europe.
Airedale International Air Conditioning Ltd., AdaptivCOOL, Nortek Air Solutions, Condair Group AG, Black Box Corp., Climaveneta, Rittal GmbH, Asetek, and Schneider Electric are some of the prominent companies operating in Europe data center cooling market.
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