NEW YORK, Nov. 16, 2023 /PRNewswire/ — The data center precision air conditioning market is expected to grow by USD 1.41 billion from 2023 to 2028. However, the growth momentum of the market will progress at a CAGR of 9.75% during the forecast period. The market is segmented by deployment (in-row cooling, in-rack cooling, and centralized), product (CRAC units and CRAH units), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
Technavio has announced its latest market research report titled Global Data Center Precision Air Conditioning Market 2024-2028
The rising demand for effective cooling solutions is a key factor driving market growth. The lack of power is having an impact on many countries around the world. The Tier 4 data centers are fitted with the latest technologies that give them an uptime of about 99.99%. New innovative cooling solutions that can adjust to harsh weather conditions have been developed due to technical progress.
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Key Highlights:
The report recognizes the following as some of the key players in the data center precision air conditioning market: AAON Inc., Aermec S.p.A., Airedale Air Conditioning Ltd., Black Box Ltd., CONTEG spol sro, CSPM SDN BHD, Daikin Industries Ltd., Delta Electronics Inc., Eaton Corp. Plc, Hidem Group, Huawei Technologies Co. Ltd., Kaltra GmbH, Lennox International Inc., Midea Group Co. Ltd., Mitsubishi Electric Corp., Rittal GmbH and Co. KG, Schneider Electric SE, Shenzhen Kstar Science and Technology Co. Ltd., STULZ GmbH, and Vertiv Holdings Co.
Data Center Precision Air Conditioning Market is fragmented in nature.
Market to observe 9.34% YOY growth in 2024.
Market Dynamics:
Major Trend
Economizer-based precision cooling is a major trend in the market.
Economizer-based cooling, which is highly suitable for data centers operating in colder regions, is a free cooling method.
In addition, water-saving devices may be used to reduce the running time of the compressors and the use of the pumps. This economizer is used in conjunction with the Cooling Tower, Heat Exchanger, or Dry Cooler.
Significant Challenge
Consolidation of data centers is a significant challenge restricting market growth.
There are many reasons for enterprises to consider data center consolidation projects, including cost reduction and acquisition of enterprises.
However, the growth of the precision air conditioning market can be negatively affected by the consolidation and reduction of the number of data centers as a result of the increase in data center virtualization.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments:
The market share growth of the in-row cooling segment will be significant during the forecast period. The deployment of an in-row cooling coil is made up of a heat exchanger. The shifting preference toward in-row cooling, owing to high-density IT requirements, will drive data center precision air conditioning (AC) market growth. Moreover, increased investments in India’s data centers are driving the growth of the segment for in-row cooling solutions.
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Related Reports:
The Global Data Center Chip Market size is estimated to grow by USD 2,893.67 million at a CAGR of 3.53% between 2022 and 2027.
The Data Center UPS Market size is estimated to grow by USD 4,991.08 million at a CAGR of 10.92% between 2022 and 2027.
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Data Center Precision Air Conditioning Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.75% |
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Market growth 2024-2028 |
USD 1.41 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
9.34 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, Australia, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio