Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.
  • 4 January 2019 20:18

Asia Pacific Data Center Cooling Market worth over $4 bn by 2024

APAC Data Center Cooling Market was valued USD 2 billion in 2017, will grow at 14% CAGR up to 2024 due to the increasing requirements for the energy-efficient improvements in the IT facilities for improving the lifespan of the devices.

The Graphical Research report provides a comprehensive analysis of the “Asia Pacific Data Center Cooling Market based on Component (Solution, Service), Cooling Technique (Rack/Row Based, Room Based), Application, Industry Size, Share, Growth Trends & Forecast, 2018 – 2024”, predicted to cross USD 4 Billion by 2024.

The Asia Pacific data center cooling market is predicted to witness a high growth over the coming years with the rising interest of the global companies in expanding their business operations and installing their IT facilities in the region. For instance, Facebook is planning to open its data center facility in Singapore to speed up its business operations in the Asian countries. These infrastructure facilities will require effective cooling technologies to manage their IT facilities, which is expected to propel the Asia Pacific data center cooling market.

The installation & deployment are the most widely adopted services in Asia Pacific data center cooling market. The enterprises are dependent on the players for the deployment of these infrastructure facilities. With the increasing modification and incorporation of new technologies, the demand for such services is growing at a rapid pace. The rapid business requirement changes with the expanding operations and activities of the enterprises are leading to the expansion of IT facilities to support the rapidly-growing database. Such factors are predicted to accelerate Asia Pacific data center cooling market growth.

The retail industry is expected to witness a high adoption of these cooling components due to the rapid expansion of the business activities of global companies. Some of the major retail outlets operating in the region include Aeon Group, 7-Eleven, Walmart, and E-Mart, among others. These companies are installing infrastructure facilities for managing their sales and customer data, delivered through digital services and online retail operations. Growing adoption of effective cooling solutions in these IT facilities is expected to accelerate the demand in Asia Pacific data center cooling market.

Key players present in Asia Pacific data center cooling market include Schneider Electric, Rittal GmbH, Black Box Corporation, STULZ GmbH, Nortek Air Solutions, AdaptivCOOL, Vertiv Corporation, The 3M Company and Airedale International Air Conditioning Ltd., among others. The players are focused on expanding their business operations to offer innovative solutions and services to the global companies that are installing their infrastructure facilities in the region. For instance, Google has installed its infrastructure facilities in several countries such as Taiwan, China, and Singapore, which is offering a great opportunity to the players to target these countries.

Submit a media release

Editor's Recommendations

Solution Centres

Events

View all events Submit your own security event

Latest Videos

More videos

Blog Posts

Media Release

More media release