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The global Immersion Cooling Market in Data Centers is anticipated to register a CAGR of over 40% during the forecast period (2019NEW YORK, Sept. 11, 2019 /PRNewswire/ -- Market Overview Read the full report: https://www.reportlinker.com/p05815105/?utm_source=PRN - The recent surge in data center construction activity majorly targeted to serve high traffic zones with minimum latency has forced data center operators to expand beyond a suitable environment to complex urban facilities. North America to Hold Dominant Share - North America is estimated to dominate the global data center liquid immersion cooling market during the forecast period owing to the presence of a large number of data centers in the region along with the rise in popularity of this technology, especially in the U.S. - 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 immersion cooling systems. - 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 immersion cooling technology in these data centers, thereby propelling the market growth over the forecast period. Competitive Landscape The market studied is moderately competitive. The companies in the market are continuously developing new cooling solutions with capabilities to cool highly dense storage components. They also invest in R&D activities to create alternative solutions that further support developments in the market. In terms of the data center market scenario, there is a considerable number of merger and acquisition activities taking place globally, which is expected to boost the capabilities of several players to invest in advanced cooling infrastructure. Major market players, such as Equinix, Digital Realty, NTT, etc., continue to strengthen their market positions as leaders, investing largely into several high-demand zones in the North American, Asia-Pacific, and European markets. For example, consider the case of Singapore. As of January 2019, the country has received considerable investments from Digital Realty Trust and Equinix, some of the largest players in the global market. - March 2019: GRC has announced that it is working with TechData, a multinational distributor of technology products and services, to provide support and warranties for worldwide customers, using GRC's immersion cooling systems. The partnership enables customers in over 100 countries served by TechData to have access to technical capabilities of GRC's immersion cooling solutions. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - Report customization as per the client's requirements - 3 months of analyst support Read the full report: https://www.reportlinker.com/p05815105/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-immersion-cooling-market-in-data-centers-is-anticipated-to-register-a-cagr-of-over-40-during-the-forecast-period-2019-300916088.html SOURCE Reportlinker |