TMCnet News
Global Data Center Liquid Cooling Market Outlook to 2024 - Growing at a CAGR of Approx 25.2%, with Banking/Financial Services Registering a Significant GrowthDUBLIN, March 22, 2019 /PRNewswire/ -- The "Data Center Liquid Cooling Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The data center liquid cooling market is expected to register a CAGR of over 25.2% during the forecast period 2019-2024. Key Market Trends Banking/Financial Services Segment expected to Register a Significant Growth Banks are increasingly adopting public cloud services, as they provide flexibility and agility, resulting in a decrease in the number of data centers that are present and redundant without much use, thus augmenting the demand for the data center liquid cooling market. According to a survey by Intel Security, the number of companies adopting hybrid cloud services alone has risen by three times the previous size. Cloud providers have been increasing security and providing better and robust systems, which can be highly beneficial for companies. Banks have been adopting the use of biometric authentication tools, to combat identity theft and fraud. Increased digitization and connectivity have paved the way for many entry points in the system, which have been creating more amount of data, driving the need for data centers. The use of data centers in the domain has slowed down, owing to the advent of new trends, such as software-defined data centers, which migrated the storage to a more distributed framework, unlike the typically used data centers. The Bank of America has shut down three data centers as they have been migrating to similar architecture. This has saved the cost of maintaining these data centers for the company. Through the existence of such trends, banks have been unveiling new data centers to support their operations and activities. The Oversea-Chinese Banking Corporation has opened a new data center with an outlay of USD 182.5 million. This data center is expected to support the regional business requirements of 18 countries. North America Anticipated to Hold a Dominant Share In the United States, the demand and rate of adoption for cloud-based computing are rapidly increasing, owing to which, data centers are ascending in the country, thereby, propelling the utilization of data center liquid cooling. Liquid cooling is now highly preferred over conventional air cooling, due to its greater efficiency and higher economic violability. The United States is home to many tech giants, such as Facebook and Apple, wherein, the volume of Big Data is tremendously increasing; moreover, companies are laying new strategies to ascend a number of data centers. In June 2017, Facebook announced to lay a 200-mile cable to the new data centers in Mexico, which are likely to boost the market growth over the forecast period. Additionally, a few states of the United States are offering tax incentives, specifically to data centers. For instance, Florida approved use and sales tax exemption for every new data center built in the state, which is expected to present a positive impact on the US market growth. Companies are rigorously investing in data centers to meet the growing demand from respective operations. For instance, the rising demand for cognitive capabilities in the United States has led IBM Corporation to build four new cloud data centers in the country. This is likely to encourage the utilization of liquid cooling technology in these data centers, thereby propelling the market growth over the forecast period. Competitive Landscape The data center liquid cooling market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities. In November 2017, Asetek served its existing OEM partner Fujitsu for the National Institute of Advanced Industrial Science and Technology (AIST). The order for Asetek RackCDU D2C (Direct-to-Chip) liquid cooling is expected to be used at the AI Bridging Cloud Infrastructure (ABCI) cluster, which is poised to become the fastest supercomputer system in Japan. Key Topics Covered 1 Introduction 1.1 Study Deliverables 1.2 Study Assumptions 1.3 Scope of the Study 2 Research Methodology 3 Executive Summary 4 Market Dynamics 4.1 Market Overview 4.2 Introduction to Market Drivers and Restraints 4.3 Market Drivers 4.3.1 Increasing Demand For Data Centers 4.3.2 Green Data Center Developments And Reducing Energy Consumption 4.4 Market Restraints 4.4.1 Adaptability Requirements 4.5 Technology Overview 4.6 Industry Attractiveness - Porter's Five Forces Analysis 5 Market Segmentation 5.1 By Type 5.1.1 Indirect Liquid Cooling 5.1.2 Direct Liquid Cooling 5.2 By End User 5.2.1 Banking/Financial Services 5.2.2 Manufacturing 5.2.3 IT and Telecommunication 5.2.4 Healthcare 5.2.5 Central/Local Government 5.2.6 Entertainment and Media 5.2.7 Other End Users 5.3 Geography 5.3.1 North America 5.3.2 Europe 5.3.3 Asia-Pacific 5.3.4 Latin America 5.3.5 Middle East & Africa 6 Competitive Landscape 6.1 Company Profiles 6.1.1 Asetek AS 6.1.2 Rittal GmbH & Co. KG 6.1.3 Schneider Electric 6.1.4 Mitsubishi Electric Corporation 6.1.5 Alfa Laval 6.1.6 Vertiv Co. 6.1.7 Midas Green Technologies LLC 6.1.8 Green Revolution Cooling Inc. 6.1.9 CoolIT Systems Inc. 6.1.10 Liquid Cool Solutions 6.1.11 Chilldyne Inc. 7 Market Opportunities and Future Trends 7.1 Investment Analysis 7.2 Future of the Market For more information about this report visit https://www.researchandmarkets.com/research/dg5gfb/global_data?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets SOURCE Research and Markets |