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Selbyville, Delaware, Dec. 01, 2022 (GLOBE NEWSWIRE) — The data center cooling market is expected to cross the value of $45 billion by 2032, according to recent research report by Global Market Insights Inc.
The continued development of hyperscale data centers to store large amounts of information is driving business trends. As companies continue to focus on growing their data center cooling market, the need for increased energy efficiency and space savings in data centers will increase, executives said. of the data center to use energy efficient cooling systems. In addition, growth in the global telecommunications sector and increasing demand for data centers is likely to further boost business expansion.
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The complexity of the tools to grow the growth of the service sector
The service segment is expected to account for over 30% of the data center cooling market by 2022. The growing demand for hardware solutions has increased the demand for management and professional services, which is expected to push the penetration of the industry through 2032. These services provide business owners. Proper operation and maintenance of heating systems, helps them to optimize and maintain mission-critical applications, influencing product adoption.
It is suitable for large areas to promote the need for a cooling system on the room
The room-based heating method is expected to account for more than 70% of the market share by 2022. This method will be in high demand in the coming years due to its ease of use. and the ability to cool a large area. This technology allows for the installation of additional air conditioners that produce cool air without being restricted by vents, ducts, or condensers.
Increasing the number of centralized data centers to drive business development
The data center heating market of the medium data center type is expected to exceed $15 billion by 2032. Mid-sized data centers are buildings less than 5,000 square feet in size and often have players and a lot of money. external storage. Although large companies, such as Microsoft and Amazon, operate large data centers, most data centers are medium-sized and are ready to increase market profits.
Widespread digitization to increase productivity in the government sector
The government proposal captured 5% of the data center heating market share in 2022. The sector is set to record significant expansion as local and state government services go digital, forcing staff to manage more complex areas in less time, the demand for a data center solution that allows for faster processing will increase. Integrated solutions are an adaptable platform suitable for the deployment of IT assets and provide a quick and easy way to add capacity.
Tax incentives to set up data centers in South America
The value of the South American cooling industry is expected to exceed $2 billion by the end of 2032. Tax incentives have encouraged many cloud businesses to locate data centers in the area, and reduce their operating costs. In addition, the increasing use of telemedicine technologies, digital medical record systems, health information management systems, and remote monitoring systems increase the need for efficient data center infrastructure. The rise of the internet is expected to increase the demand for better data storage facilities.
Integration of new technologies by guiding companies to define the business vision
Some of the major participants in the data center cooling market include ABB Group, Black Box Corporation, Vertiv Group Co., and STULZ GmbH, among others. Many organizations are implementing new and eco-friendly technologies that are reshaping the product landscape. Tech behemoth Google LLC, for example, uses salt water to cool one of its data centers in Hamina, Finland. This approach uses cold water to cool the machine, increasing data center efficiency and stability. Similarly, another major technology, Meta (formerly Facebook), uses evaporative cooling technology in its Prineville data center in the US to reduce environmental impact and energy consumption.
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Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Data center cooling industry 360of summary, 2018 – 2032
2.2 Business conditions
2.2.1. Total Tariff Market (TAM),2023-2032
2.2.2 Regional trends
2.2.3 Trend of components
2.2.4 Cooling techniques
2.2.5 Data center size trends
2.2.6 Application procedures
Chapter 3 The Data Center Industrial Cooling Industry
3.1 Introduction
3.2 Analysis of the effects of the coronavirus pandemic (COVID-19).
3.3 Impact of the Russia-Ukraine conflict
3.4 Industrial ecosystem analysis
3.5 Technology and innovation landscape
3.6 Land Arrangements
3.7 End of use case
3.8 The potential impact of the industry
3.8.1 A plant driver
3.8.1.1 Application of innovative technologies across various industries
3.8.1.2 Increasing demand for high-capacity and affordable data centers in North America
3.8.1.3 Increasing the establishment of hyperscale data centers in Europe
3.8.1.4 Growing trend for high-performance computing across Europe and Asia-Pacific
3.8.1.5 Increasing construction of green data centers in Asia-Pacific
3.8.1.6 Investment growth in the IT and telecommunications sector in South America and MEA
3.8.2 Industrial problems and challenges
3.8.2.1 Underestimating, overestimating cooling requirements
3.8.2.2 Need for special infrastructure
3.8.2.3 Phantom leakage
3.9 Average rack density (kW/rack or kW/Rack-Unit) observations
3.10 Information and priorities
3.11 Patent land
3.12 Plant analysis
3.13 Porter’s analysis
3.14 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, US, is a global market research and consulting services provider, offering comprehensive research reports and trends and growth consulting services. Our business reporting and industry research studies provide clients with in-depth insights and actionable market data designed and presented to assist in strategic decision making. These reports have been developed using proprietary research methods and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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