A CAGR of 15.1% is expected of the global Cooling Management System Market, due to the growing demand during the forecast period. It is anticipated to be appraised at USD 14.87 Billion by 2032, up from USD 3.64 Billion in 2022.
| Attributes | Details |
|---|---|
| Market Size (2022) | USD 3.64 Billion |
| Market Size (2032) | USD 14.87 Billion |
| Market CAGR | 15.1% |
After IT, cooling accounts for the majority of electrical energy use in data centers. Key providers offer integrated management solutions and services for monitoring and managing data center cooling systems and associated air flows. This contributes to the maintenance of continuous and efficient operations. They assist in approaching cooling from all perspectives, increasing thermal dependability, optimizing equipment maintenance, and lowering operational costs by using the expertise of their personnel or experienced industry partners. This is expected to drive the cooling management system market growth.
Cooling Management System improves thermal dependability by automatically reducing hotspots and providing visible indications for continuous improvement, as well as increasing reliability through intelligent maintenance. Moreover, it also saves energy, with 38% continuous cooling energy savings averaged over 500+ installations, a 5 to 10% PUE increase, and 3-year easy payback. Furthermore, extra capacity for IT expansions can be acquired. This development is likely to surge the demand for cooling management systems. Key players coordinate on-site deployment and software configuration, with savings recorded in comparison to the baseline.
Customers may use the system's user interface, which provides insights into equipment and cooling performance via dashboards, influence maps, trends, and so on, as well as a notification tab reporting on alerts by criticality. They provide a tailored package of optimization measures for the thermal optimization of a data center, including end-to-end project delivery, with comprehensive solutions. Airflow management is used in the data hall, and cooling is given depending on real demand at the rack level, which collectively contributes to the progression of the cooling management system market share.
The adoption of a cooling management system is expected to rise owing to the introduction of environmental monitoring solutions that monitor temperature, humidity, smoke, water, air movement, and access control in data centers, as well as offer statistics and display trends. Cameras are supported by the system, allowing picture stamping (with time and date) of any access as it occurs.
It gives all of the tools needed to fully govern the environment. Growing data volumes and increasing demands on IT infrastructure can result in space issues in existing IT infrastructures. The outdoor placement of a data center container within the corporate premises is an excellent alternative for local IT infrastructure growth, which in turn supports the global cooling management system market growth. Such containers are transportable, scalable, secure, and, most importantly, readily available.
A data center container may be modified flexibly to meet specific needs owing to its modular construction. Until now, the cooling systems for IT equipment have always been positioned within the container. One novel feature of an outdoor cooling idea for data center containers is that the cooling units are positioned directly on the container's exterior wall. The cooling units no longer take up important container space. In other words, the racks have more room.
Furthermore, the outdoor cooling solution's hybrid technology allows for resource-saving, cost-effective, and energy-efficient temperature management. These data center containers are fully equipped with data center temperature control, 19 server racks with cable management, a raised floor, early fire detection, a fire extinguisher system, data network distribution, IT power distribution, and a bypass UPS system. These factors are likely to expand the global cooling management system market size in the forecast period.
Cooling management system market has become an important market in order to prevent the excessive heat generation from the server towers and to prevent the interruption caused by overheating of servers.
Increasing mobile backers and internet tradition has led to the increasing demand for the space for data storage as data centers create enormous heat which if not dissipated properly may possibly result to severe irretrievable breakdown of the system, thus resulting in the rise of cooling management system market.
Also increasing concern for environmental issues have obligated the corporate companies to opt for energy proficient and eco-friendly cooling management system. Dealing with huge amount of data and growing dependence on data hubs has led to outsized execution of cooling management system market for data centers in the forecast period.
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Amongst all the sectors, IT and Telecom are the major contributors to the cooling management system market. Processing of large amount of data in e-commerce site and in hospital data, energy, banking, financial services and insurance (BFSI) and other sectors requires more cooling management systems to safeguard smooth handling of the data storage server thus driving the market for cooling management system market.
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) provide guidelines and technical standards for cooling industry with respect to environment control conventions. The ASHRAE has proposed specific humidity and temperature levels to avoid system failure due to excessive heat which led to drive the installation of efficient cooling management system.
Cloud Computing is becoming more popular these days and it is expected that consumers would store most of their digital data using cloud services which will drive the need for more data space and surplus data center system; thus results in increase in the demand for cooling management system market.
The restraint in the growth of cooling management system market is the high cost for the installation of the setup and huge energy consumption. Considering the environmental issues regarding generation of greenhouse gases, greener cooling system has been introduced.
Based on the geography, cooling management system market is classified into seven key segments as Asia-Pacific, North America, Latin America, Eastern Europe, Western Europe, Japan, and Middle East Africa. Amongst all the regions, North America will be expected to be the major contributor in cooling management system for cloud adoption and increase in data volume. Also, with the increasing rate of industrialization in Asia-Pacific region, the market will be expected to become one of the vital region in cooling management system.
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Some of the key players in cooling management system market are listed below:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, user types, end user industry and solution types.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 51.1% through 2032.
The market is currently valued at USD 3.64 Billion in 2022.
The market is likely to grow to a valuation of USD 14.87 Billion by 2032.
North America is likely to be a leading market during the forecast period.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. End Use Industry 6.2. Solution Type 6.3. User Type 6.4. Type Of Cooling 7. Global Market Analysis and Forecast, By End Use Industry 7.1. IT and telecom 7.2. Banking & Financial 7.3. Healthcare 7.4. Government 7.5. Energy & Power 7.6. Chemical 7.7. Others 8. Global Market Analysis and Forecast, By Solution Type 8.1. Cooling towers 8.2. Air conditioning 8.3. Economizers 8.4. Servers cooling 8.5. Chillers 9. Global Market Analysis and Forecast, By User Type 9.1. Colocation provider 9.2. Cloud provider 9.3. Enterprises 10. Global Market Analysis and Forecast, By Type Of Cooling 10.1. Liquid cooling 10.2. In-row cooling 10.3. In-rack cooling 10.4. Overhead cooling 10.5. Rear door cooling 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific 11.6. Japan 11.7. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 17. Japan Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by End Use Industry, Solution Type, User Type, and Type Of Cooling for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Emerson Electric Co. 21.2. Rittal GmbH & Co. KG 21.3. Schneider Electric 21.4. Siemens AG 21.5. Johnson Controls Inc. 21.6. Airedale International Air Conditioning Ltd. 21.7. Black Box Corporation 21.8. Stulz GmbH 21.9. Vigilant Corporation 21.10. IT Aire
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Cooling Management System Market
