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Data Centers Cooling Market to Rise at 8.5% CAGR Driven by Recent Advancements in Product Manufacturing, says Fortune Business Insights™

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Pune, Sept. 17, 2020 (GLOBE NEWSWIRE) — The global data centers cooling market size is projected to reach USD 11.97 billion by 2026. The increasing industrialization across the world will create several growth opportunities for companies operating in this market. According to a report published by Fortune Business Insights, titled “Data Center Cooling Market Size, Share & Industry Analysis, By Product (Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Unit, and Others), By Data Center Type (Large Scale DC, Medium Scale DC, and Small Scale DC), By Cooling Technique (Room-based Cooling, Rack-based Cooling, and Row-based Cooling), By Industry (BFSI, IT and Telecommunication, Manufacturing, Retail, Healthcare, and Others) and Regional Forecast, 2019-2026,” the market size was USD 6.27 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2019-2026.Click here to get the short-term and long-term impact of COVID-19 on this market.
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Data centers are physical network drives that store large data for companies and related organizations. The constantly rising IT sector has provided a massive potential for the growth of the market in recent years. The huge investments in the development of existing systems as well as the emphasis on incorporating newer technologies will have a direct impact on the growth of the market. The benefits offered by data center cooling units have led to a wider product adoption. They help avoid data losses, and subsequently minimize financial losses. The increasing adoption of data centers by leading companies across the world will have a direct impact on the growth of the market.The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.Through continuous efforts, we are striving to help your business sustain and grow during the COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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The report provides an in-depth analysis of the global data center cooling market. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.Increasing Number of Product Launches Will Aid GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years. Due to the huge potential held by the market, several companies are looking to enhance their existing product portfolios. In August 2019, Schneider Electric announced the expansion of its data center solutions portfolio with the integration of enhanced and digitized versions of critical facility operations. These solutions are specifically designed for large data center operators. With benefits such as increased operational efficiency, lower risk and maximum uptime, and efficient IT planning, the product is wet to witness huge demand in the coming years.
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North America to Witness Considerable Growth; High Investments in Product Development to Aid GrowthThe report analyzes the ongoing data center cooling market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America will emerge dominant in the coming years. The growing investment in data centres by large scale companies based in U.S. will aid the growth of the market in this region. Besides North America, the market in Asia Pacific will witness considerable growth in the coming years, owing to the presence of several large scale companies across this region.List of the leading companies profiled in the data centers cooling market are:ABB Ltd.Airedale Air ConditioningAsetek, Inc.Black Box CorporationCommscopeCormant, Inc.Device42, Inc.Emerson Electric Co.FNT GmbHNlyteNortek Air Solutions, LLCOptimum path Inc.PanduitRackwiseSchneider ElectricSunbird Software, Inc.Vertiv Group Corp.Industry Developments:November 2019 – Sunbird Software announced the accessibility of its ‘dcTrack’. dcTrack is a data center infrastructure management (DCIM) operations software.
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Table of Content:IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorters Five Forces AnalysisGlobal Data Center Cooling Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and ForecastsBy Product (Value)Air ConditionersPrecision Air ConditionersChillersAir Handling UnitOthers (Air Economizers, Heat Rejection and Others)By Data Center Type (Value)Large Scale DCMedium Scale DCSmall Scale DCBy Cooling Technique (Value)Room-based CoolingRack-based CoolingRow-based CoolingBy Industry (Value)Banking, Financial Services, and InsuranceIT and TelecomManufacturingRetailHealthcareOthers (Government & Defence, Energy and Others)By Geography (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin America
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About us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:
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