Global Data Center Precision Cooling Market Overview:
Today's data centres are increasingly evolving, making it more critical than ever to ensure that any aspect of the support system is running at peak performance and reliability. Downtime will result from the failure of a vital data centre cooling system, resulting in a loss of operation, money, and consumer goodwill. Precision cooling systems were developed primarily for data centre heat loads which have a somewhat different operation and maintenance requirements than normal building air conditioning, which is optimised for occupant comfort. Precision cooling systems are designed for facilities that need continuous cooling during the year, specific humidity control, and a higher cooling power per square foot. Air, chilled water, and pumped refrigerants are among the cooling mediums that can be used in this form of environmental conditioning. Some of the players profiled in the study are Data Center Precision Cooling (Denmark), DELTA (United States), Vertiv (United States), STULZ GmbH (Germany), Coolcentric (United States), Rittal GmbH & Co. KG (Germany), Huawei (China), Advanced Cooling Technologies, Inc (United States), KSTAR Corporation (China), Intellivex (United States) and Mitsubishi Electric (Japan).
On the basis of geography, the market of Data Center Precision Cooling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Data Center Equipment, the sub-segment i.e. Communication Equipment will boost the Data Center Precision Cooling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Data Center Precision Cooling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Computer Room Air Conditioners will boost the Data Center Precision Cooling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand for Data Center Precision Cooling for Efficiently Managing Temperatures of Data Centres
- Increased Processing and Data Collection Capabilities of Data Centres
- Rapid Innovation in Data Center Precision Cooling
- High Cost Associated with Data Center Precision Cooling
- Growing Number of Data Centres All Over the Globe
- Increasing Internet Connectivity Will Boost the Demand for Data Center Precision Cooling
- Complex End-User Needs for Data Centre Cooling
- Lack of Awareness About Precision Cooling Over Traditional Cooling
Key Market Developments:
On 14th Jan 2019, Parker Hannifin Corporation's Precision Cooling Business ("PCB"), a leading provider of Pumped Two Phase Cooling devices for power electronics applications, were acquired by Advanced Cooling Technologies, Inc. ("ACT"), a premier thermal control systems firm. All of the PCB facilities were moved to ACT's Lancaster, Pennsylvania facility and merged into the company's Industrial Products Group after the transaction was completed.
On April 1st 2021, Mitsubishi Electric has declared a strategic partnership with the Uninterruptible Power Supplies Division of Mitsubishi Electric Power Products Inc. (MEPPI) in the United States and Mitsubishi Electric Hydronics and IT Cooling Systems S.p.A. (MEHITS) in Italy. This strategic partnership will combine MEHITS and MEPPI IT Cooling Systems and Uninterruptible Power Supplies to provide turnkey data center technologies and services in North American markets. The expanded device, framework, and service offerings seek to provide competitive and efficient solutions in the vital areas of power safety and cooling by exploiting each company's specific strengths and capabilities.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Data Center Precision Cooling Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Data Center Precision Cooling market on the basis of product [Small and Mid-Sized Data Centres, Enterprise Data Centres and Large Data Centres] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Data Center Precision Cooling market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Data Center Precision Cooling industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Data Center Precision Cooling market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.