LONDON–(BUSINESS WIRE)–Sep 25, 2020–
Technavio has been monitoring the data center cooling solutions market and it is poised to grow by $ 4.55 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Data Center Cooling Solutions Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
- What are the major trends in the market?
Rising need to reduce OPEX is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 7.49% and the incremental growth of the market is anticipated to be $ 4.55 billion. - Who are the top players in the market?
Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp., are some of the major market participants. - What is the key market driver?
The increased demand for data centers is one of the major factors driving the market. - How big is the APAC market?
The APAC region will contribute 39% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Airedale Air Conditioning Ltd., Black Box Corp., Daikin Industries Ltd., Data Aire Inc., Fuji Electric Co. Ltd., Huawei Investment & Holding Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH & Co. KG, Schneider Electric SE, and Vertiv Group Corp. are some of the major market participants. The increased demand for data centers will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Data Center Cooling Solutions Market 2020-2024: Segmentation
Data Center Cooling Solutions Market is segmented as below:
- Application
- Air Conditioning
- Economizers
- Cooling Towers
- Chillers
- Other
- Geography
- APAC
- North America
- Europe
- South America
- MEA
Data Center Cooling Solutions Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center cooling solutions market report covers the following areas:
- Data Center Cooling Solutions Market Size
- Data Center Cooling Solutions Market Trends
- Data Center Cooling Solutions Market Industry Analysis
This study identifies the rising need to reduce OPEX as one of the prime reasons driving the data center cooling solutions market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Data Center Cooling Solutions Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist data center cooling solutions market growth during the next five years
- Estimation of the data center cooling solutions market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the data center cooling solutions market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center cooling solutions market vendors
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Air conditioning – Market size and forecast 2019-2024
- Economizers – Market size and forecast 2019-2024
- Cooling towers – Market size and forecast 2019-2024
- Chillers – Market size and forecast 2019-2024
- Other – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Technique
- Market segments
- Comparison by Technique
- Air-based cooling – Market size and forecast 2019-2024
- Liquid-based cooling – Market size and forecast 2019-2024
- Market opportunity by Technique
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor Landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Airedale Air Conditioning Ltd.
- Black Box Corp.
- Daikin Industries Ltd.
- Data Aire Inc.
- Fuji Electric Co. Ltd.
- Huawei Investment & Holding Co. Ltd.
- Mitsubishi Electric Corp.
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Vertiv Group Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 09/25/2020 06:00 PM/DISC: 09/25/2020 06:00 PM
Copyright Business Wire 2020.
