Technavio market research analysts forecast the global data center cooling solutions market to grow at a CAGR of close to 10% during the forecast period, according to their latest report.
“Vendors are offering flexible and energy-efficient systems that are capable of cooling data centers through both free cooling and traditional cooling techniques,” says Abhishek Sharma, a lead analyst at Technavio for data center research.
The firm highlights the following three market drivers that are contributing to the growth of the global data center cooling solutions market:
According to Technavio, demand for data centers among CSPs, government agencies, and telecommunications organizations is growing because of the expanding adoption of advanced technologies, such as cloud-based services and big data analytics.
Developed countries are witnessing higher investments in terms of data center construction, while the need for modern technological solutions is triggering the growth of data centers in developing countries.
Right now, cooling systems are consuming an estimated 40% of the power supplied to data centers, says Technavio.
This makes a compelling case for efficient cooling solutions that can offer adequate cooling to data center environments at low costs and reduce power consumption.
Free cooling is an emerging technology that is being picked up among data centers in many regions, but it may not have the capacity to cool data centers in countries that have high external temperatures or moderate winters.
However, the technology has paved the way for the introduction of innovative cooling solutions that can adapt to extreme climatic conditions.