Digital transformation of traditional technologies in countries like China and India has resulted into higher penetration of IoT technology across Asia-Pacific region. This increasing demands for network enabled devices augmenting the needs for efficient data storage system. In general, any entity that generates or utilizes data has the necessity for data centers on some level. These entities can include government agencies, telecommunications companies, educational bodies, financial institutions, retailers and social networking services such as Facebook and Google. In addition to that, emergence of enhanced technologies like metaverse, augmented & virtual reality, artificial intelligence and machine learning have created demands for real-time processing of huge volume of data for decision making across the region. Asia-Pacific region has become one of the most agile developing data centers market. Currently, there are more than 490 data centers across the region. These data centers use a lot of electricity to power the components that results into high heat production which can endanger the whole facility. It becomes necessary to maintain the integrity by maintaining the temperature to prevent any kind of damage. Data center cooling infrastructure is a crucial component to maintain the temperature and humidity inside the data center facility for energy efficiency and system protection. According to the research report, “Asia-Pacific Data Center Cooling Market Outlook, 2027” published by Actual Market Research, Asia-Pacific market is anticipated to grow with 12.68% CAGR during the forecast period. The rising emergence of evolving technologies such as AI (artificial intelligence) and cloud computing are expected to enhance system efficiency by propelling the market demand. Urbanization among various developing countries in Asia-Pacific region is expected to increase data generation across various industries in the region. However, in the Asia-Pacific region data centers are a massive generator of energy related carbon emissions. To overcome this threat, National Australia Bank has developed a series of energy efficiency programs among all the data centers which can help to reduce polluting emissions. In addition to that, companies in APAC region are aiming to tackle this issue by introducing green data centers that utilizing free air cooling instead of traditional technologies. The increasing trend towards adopting green data centers has helped many businesses to decrease energy consumption and overall energy cost.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleChina is anticipated to dominate the Asia-Pacific data center cooling market by holding highest market share during the forecast period. China is accounted to influence the world in internet consumption. China comprises more than 710 Million internet users, according to CNNIC (China’s Internet Network Information Center). As the requirement for cloud computing and other data services are growing in China, enhancements in data centers and information technology can play vital role. For instance, in February 2021, Excool Ltd. announced the successful installation of first major Excool data center cooling solution in China into SZZT Electronics Co., Ltd for their new 8MW data center in Shenzhen. According to Huawei, the data center demand is projected to increase by 3 to 10 times by 2030. Green data centers for data storage and reduction in energy consumption is expected to witness great demands across the region. On the other hand, India is estimated to grow with highest CAGR during the forecast period. India is on the verge to become a digital economy as they are many progressive government policies to make huge investments in the country. According to the report, Asia-Pacific data center cooling market is segmented into two types of components that include solution and services. Among these components, solution type is expected to register highest market share during the forecast period. Increasing number of data centers across the region has created higher scope for data center solutions. Data center solution is further segmented into various product types in Asia-Pacific data center cooling market. This category includes air conditioning, chilling units, cooling towers, economizer, liquid cooling and control systems. Among these product types, liquid cooling segment is projected to have maximum market share during the forecast period. Low maintenance cost and higher efficiency qualities have propelled market growth for this segment. Further, service segment is forecasted to rise with higher CAGR by 2027. Data center service market is segregated into three types that include consulting, installation & deployment and maintenance & support. Among these types, installation & deployment segment is projected to rise with more than 60% market share during the forecast period. Asia-Pacific data center cooling market is segmented into three types of cooling that include room-based cooling, row-based cooling and rack-based cooling. Among these types, room-based cooling segment is projected to have highest market share during the forecast period. Increasing usage of room-based cooling in residential and commercial sectors is expected to fuel the market growth. Based on the industry vertical, IT & telecom segment is expected to lead the market due to higher technology revolution across the region. In addition to that, IT & Telecom segment is projected to rise with highest CAGR during the forecast period. On the other hand, other industries like, health care, research & academic, retail and BFSI etc are also anticipated to register significant market growth by 2027 due to growing emergence of smart technology in every sector. Impact of Covid-19 on Asia-Pacific Data Center Cooling Market: The Asia-Pacific data center market has witnessed tremendous growth since the outbreak of Covid-19, which has accelerate the access to internet-related assistance enforced by lockdowns and strict regulations from government agencies. Manufactures and developers have witnessed a strong uptake of demands in data storage by existing customers across the region. Due to the pandemic there has been a change in consumer preference across the region. However, major impact of Covid-19 was suffered by supply chain of the cooling equipments. By the end of 2020, developers initiated their production with higher efficiency to achieve higher market growth.
Major Companies present in the market: Vertiv Holdings Co., Schneider Electric S.E., Stulz Gmbh, Mitsubishi Electric Corporation, Daikin Industries Limited, Rittal Gmbh & Co. KG, Nortek Air Solutions LLC, Johnson Controls International PLC, Munters Group AB., Black Box Corporation, Airedale International Air Conditioning Limited, Asetek, Inc., Coolcentric, Degree Controls, Inc., Condair Group AG, Chilldyne Inc., LiquidCool Solutions, CoolIT Systems, Delta Electronics, Alfa Laval Corporate AB, Shenzhen Envicool Technology Co., Ltd, Shanghai shenglin M&E Technology Co., Ltd, GRC (Green Revolution Cooling), Aspen Systems, Fujitsu Limited Considered in this report: • Geography: Asia-Pacific • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Asia-Pacific Data Center Cooling market with its value and forecast along with its segments • Country wise market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation
Countries covered in the report: • China • Japan • South Korea • India • Australia By Component in the report: • Solution • Services By Product Type in the report: • Air Conditioning • Chilling Units • Cooling Towers • Economizer • Liquid Cooling • Control Systems • Others By Service Type in the report: • Consulting • Installation & Deployment • Maintenance & Support By Industry Verticals in the report: • BFSI • IT & Telecom • Research & Academic • Government & Defense • Retail • Energy • Manufacturing • Others By Cooling Type in the report: • Room-based Cooling • Row-based Cooling • Rack-based Cooling By Data Center Type in the report: • Large Data Centers • Enterprise Data Centers • Mid-sized Data Centers The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry manufactures, consultants, Key vendors related to Data Center & HVAC solution industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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