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Straits Research, CIOSEA News, ETCIO SEA | Rare Techy


Data center cooling market size to reach $39.49 billion by 2031: Straits Research

According to a Straits Research study, the size of the global heating market will be $ 15.7 billion in 2022. It is expected to reach $ 39.49 billion in 2031, growing at a CAGR of 15.7 % during the forecast period (2023-2031) .

Data centers provide storage, networking, and backup, making them an important part of many organizations’ strategies. The increase in demand for computing power in computer networks is important to the increase in data. This has increased the power consumption of the data center. This increase in the energy consumption of data centers has raised financial and environmental concerns. These factors call for optimization of data center cooling strategies.

Monitoring, measuring, and managing data center resources and effort in IT-related tools such as server, network switcha storage, including infrastructure components such as computer room air conditioners and power distribution units, also known as data center cooling. To handle the rapid growth of data storage and facilities such as backup data and storage management, authentication and authorization, data centers must fully utilize their IT infrastructure and services, such as servers, power distribution unit (PDU), and other components. Optimal planning, predictive analytics, and organization of load control, server, and process automation capabilities are necessary for efficient data center operation.

To optimize performance, the temperature of a standard data center varies from 20 to 22 degrees Celsius. Up to 33 percent of the energy consumed when operating a data center in hot weather is used to run heating systems and infrastructure, and energy costs can exceed half of operating expenses. Designed specifically for hot locations, high-end data centers can reduce capital expenditures because refrigerators and other cooling equipment are no longer needed to cool data centers and IT equipment. below ambient temperature. With the right equipment, operating expenses can also drop as much as 45 percent in total energy costs and an impressive 96 percent reduction in cooling costs.

Asia Pacific is expected to grow significantly, with the highest CAGR during the forecast period 2023-2031, due to high demand for data centers from Southeast Asian countries such as Singapore , Vietnam, and others. Due to the nature of stable infrastructure and the dominant position in cloud computing technology, many expansion strategies adopted by major IT companies contributed to the growth of data centers in this area. In August 2018, Google announced a $500 million investment in its third data center in Singapore.


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