1. Vertiv Energy Private Limited
2. Otis Worldwide Corporation
3. Schneider Electric
4. Stulz Gmbh
5. Daikin Industries Limited
Higher internet penetration across the globe has created higher demands for consumer electronics among the major population. The global internet penetration rate was calculated to be approximately 59%, with Northern Europe ranking first by holding 95% penetration. It is estimated that consumer electronics industry grew by 4.3% during 2020 and 2021 alone in United States. These increasing demands for network enabled devices have boosted the demands for efficient data storage system. Due to that major market players are highly inventing in data center infrastructure globally. Currently, there are more than 8000 data centers present across the globe. During the data storage processes, these data centers produce high amount of heat which can endanger the entire data center facility. To overcome this threat, efficient data center cooling techniques are required. The rising adoption of various cooling strategies such as free cooling methods, air containment and closed loop cooling are expected to fuel the market growth for data center cooling systems and services. In addition to that, due to, outsourcing data center services into a collocation facility, companies can rely more on research and development for the proficient cooling services. Data center services refer to all the supporting components which are necessary for the proper operation. That includes all the implementation, maintenance and operation of a data center. The accelerating demands for cost-efficient and eco-friendly data solution for the reduction of energy consumed by the data centers are expected to propel the market growth. According to the research report, “Global Data Center Cooling Services Market Outlook, 2027” published by Actual Market Research, data center cooling services market is anticipated to grow with 14.50% CAGR during the forecast period. The deployment of advanced technology has improved the various facilities and systems. This deployment has implanted the integration of artificial intelligence (AI) for the data center cooling market. Many organizations and enterprises are focusing on ideal solutions in order to maintain temperatures in data centers by embracing the AI technology in their applications. Based on the geography, global data center cooling services market is segmented into five prominent regions including North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Among these regions, North America is expected to acquire higher market share during the forecast period. The higher adoption of data center cooling services into developed countries such as USA and Canada are expected to boost the market growth across the region. Asia-Pacific region is anticipated to grow with highest CAGR during the forecast period due to higher technology revolution across the region. According to the report, global data center cooling services market is segmented into three types that includes consulting, installation & deployment and maintenance & support. Among these types, installation and deployment segment is estimated to acquire higher market share during the forecast period. It is expected to acquire more than 65% of the market share by 2027. Increasing number of data center infrastructure creates higher demands for this segment across the globe. Data center deployment refers to manage multiple hardware platforms and technologies into the overall data center infrastructure which can be challenging. In addition to that, innovative technology launches, research & development activities are the key strategies in data center cooling systems market. On the other hand, maintenance & support segment is projected to grow with highest CAGR compared to other segments by 2027. Global data center cooling services market is segmented into various industry verticals including BFSI (banking, financial services and insurance), IT and Telecom, research & academic, government & defense, retail, energy, manufactures and healthcare. Among these industries, IT & telecom industry is expected to hold the highest market share of more than 33% during the forecast period. The demand for effective data centers is growing across the globe which is leading the telecommunication industry to keep their facilities operational. This factor is also boosting the demands for reliability, energy consumption and maintenance. Integration of smart hospitals has created higher demands for data storage systems across the globe. Based on that factor, healthcare industry is also witnessing significant market growth during the forecast period. Based on the data center type, market is categorized into three types including large data center, enterprise data center and mid-sized data center. Among these types, enterprise data center is expected to lead the data center cooling service type by holding more than 40% of market share during the forecast period. Impact of Covid-19 on Global Data Center Cooling Services Market: The data center cooling services market was heavily impacted due to Covid-19 pandemic. Because of the lockdown regulations implanted by government, many production plants had witnessed temporary halt in the processes. However, work from home scenario has helped this market by implementing change in consumer preference. Remote working, online classes and staying at home are some of the significant factors for the higher adoption of consumer electronics across the globe. These factors are expected to create higher demands for deployment and installation services which in turn will fuel the market growth. Major Companies present in the market: Vertiv Holdings Co., Schneider Electric S.E., Stulz Gmbh, Mitsubishi Electric Corporation, Daikin Industries Limited, Rittal Gmbh & Co. KG, Nortek Air Solutions LLC, Johnson Controls International PLC, Munters Group AB., Black Box Corporation, Airedale International Air Conditioning Limited, Asetek, Inc., Coolcentric, Degree Controls, Inc., Condair Group AG, Chilldyne Inc., LiquidCool Solutions, CoolIT Systems, Delta Electronics, Alfa Laval Corporate AB, Shenzhen Envicool Technology Co., Ltd, Shanghai shenglin M&E Technology Co., Ltd, GRC (Green Revolution Cooling), Aspen Systems, Fujitsu Limited Considered in this report: • Geography: Global • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report: • Global Data Center Cooling market with its value and forecast along with its segments • Region & country wise market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report: • North America – United States, Canada, Mexico • Europe- Germany, United Kingdom, France, Italy, Poland, Russia • Asia-Pacific – China, Japan, South Korea, India, Australia • Latin America- Brazil, Argentina, Chile • Middle-East & Africa- UAE, Saudi Arabia, South Africa By Component in the report: • Solution • Services By Service Type in the report: • Consulting • Installation & Deployment • Maintenance & Support By Industry Verticals in the report: • BFSI • IT & Telecom • Research & Academic • Government & Defense • Retail • Energy • Manufacturing • Others By Cooling Type in the report: • Room-based Cooling • Row-based Cooling • Rack-based Cooling By Data Center Type in the report: • Large Data Centers • Enterprise Data Centers • Mid-sized Data Centers The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry manufactures, consultants, Key vendors related to Data Center& HVAC solution industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.