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The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%NEW YORK, Feb. 18, 2019 /PRNewswire/ -- Data Center Cooling Market Size, Share & Trends Analysis Report By Product (Precision Air Conditioner, Air Conditioner), By Containment, By Structure, By Application (Retail, IT, Telecom), And Segment Forecasts, 2019 - 2025 Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives.Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth. Further key findings from the study suggest: • Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks • Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth • Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques • Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East • Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries • The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025 • Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence Read the full report: https://www.reportlinker.com/p05741357 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-data-center-cooling-market-size-is-expected-to-reach-usd-20-7-billion-by-2025-expanding-at-a-cagr-of-13-5-300797255.html SOURCE Reportlinker |