International. The global HVAC market is expected to grow at a CAGR of 18.5% in 2015 with sales of 144.3 million units, and data center cooling segment is expected to be an important part of the HVAC market growing at a respectable rate.
This was stated by the market analyst company, Allied Market Research, which also adds that according to the research, temperature and air conditioning controls in data centers together consume about 50% of the total power in a data center. The need to optimize overall infrastructure budgets is driving the need for data center cooling efficiency.
The growth of the market is mainly driven by factors such as the need to increase efficiency, raise the volume of digital data, and technological advancements. However, frequent power shortages in developing countries are a serious constraint on the operation of a data center and its cooling systems. The advent of cooling solutions compatible with conventional data centers presents an opportunity for the data center cooling market to grow.
The study also indicates that the growing demand for cloud-based storage and colocation service users have contributed to a larger revenue share of the global data center cooling market. Among data center cooling solutions, chillers and air conditioners contribute to a higher share of market size in value in the current scenario. The Asia-Pacific region is experiencing rapid growth, which would give it competition in the North American market in the coming years.
The increasing demand for cloud-based storage and colocation service users have contributed to a larger revenue share of the global data center cooling market. Among the data center cooling solutions, chillers and air conditioners contribute to a larger share of market size by value in the current scenario. The Asia-Pacific region is experiencing rapid growth, which would give competition to the North American market in the coming years.
