US Data Center Cooling Market is Expected to Worth $2 Billion by 2023 | Arizton

CHICAGO - Feb. 16, 2018 - PRLog -- Arizton's recent market research report on the data center cooling market in US provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by cooling infrastructure (cooling system and other infrastructure), by cooling technique (air-based cooling and liquid-based cooling), by cooling systems (CRAC & CARH, chiller, cooling towers & dry coolers, and economizers & evaporative coolers, and other cooling units), by tier standards (Tier 1 and Tier 2, Tier 3, and Tier 4), and by region (South Eastern US, South Western US, Mid-Western US, Western US, and North Eastern US).

The US data center cooling market is projected to generate revenues of around $2 billion by 2023 and is expected to grow at a CAGR of more than 5% during the forecast period. The increasing use of high-performance infrastructure and virtualization is augmenting the rise in rack power density and propelling the growth of the market in the US. The adoption of in-row and in-rack cooling solutions will transform the data center market over the next few years.

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The top 3 drivers and trends driving the growth of the US data center cooling market are discussed below:

Increased Construction of Colocation and Cloud Data Centers
The growing demand for data center services such as colocation, managed services, and cloud-connectivity services is attributing to the growth of the US data center cooling market. The integration of colocation operators and cloud hosting providers such as AWS, Microsoft, Google, Oracle, IBM, Equinix, Digital Realty, and CyrusOne will boost the demand for innovative solutions in the US market. The growing demand for these services in the market is fueling the investment for the development of data centers in the US market. The leading vendors are focusing on the improvement of energy efficient cooling infrastructure, procurement of renewable power for their operations, installation of the rack with rack-level cooling solutions to support high density, and cloud connectivity to attract new consumers and retain the existing end-user in the market. The IaaS segment in the US market is expected to grow at a CAGR of around 10% during the forecast period.

Increased Adoption of Energy-efficient Cooling Infrastructure
The growing need to reduce the environmental impact of data center facilities is propelling the adoption of energy-efficient cooling infrastructure in the data center market in US. The use of energy efficient infrastructure will help reduce the OPEX and CAPEX across data center facilities in the region. The adoption of effective monitoring solutions that initiates regular maintenance of infrastructure and real-time monitoring of cooling systems will help significantly reduce energy consumption in these facilities. The integration of modern, innovative equipment to reduce power consumption and decrease carbon footprint will create lucrative opportunities for leading players in the US market.

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Increase in Adoption of Automation and Monitoring Solutions
The leading vendors in the market are launching end-to-end monitoring and automation for facilities across the region for effective control over the management and infrastructure operations. The growing adoption of automation and monitoring solutions will propel the growth of the US data center cooling market. The implementation of these modern solutions will reduce the changes of operational failure, power consumption, and energy wastage in the data center market. The launch of DCIM solution is expected to revolutionize the facilities management and monitoring and help prominent companies gain a larger market share in the US during the forecast period.

The leading vendors in the US data center cooling market are Airedale Air Conditioning, Rittal, Schneider Electric, STULZ, Trane (Ingersoll Rand), and Vertiv.

The complete overview of the latest market research report on data center cooling market in US by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

Order a report: https://www.arizton.com/market-reports/data-center-cooling-market-us

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