Data Center Precision Air Conditioning Market to grow by USD 1.41 billion from 2024 to 2028; The rising demand for effective cooling solutions to drive growth- Technavio

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).

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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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. 

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

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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