SAN FRANCISCO, July 26, 2016 /PRNewswire/ --
The global data center cooling market is expected to reach USD 17.78 billion by 2024, according to a new study by Grand View Research, Inc. The rise in the number of data centers on account of the surge in demand for cooling solutions across the IT & telecom, retail, BFSI, healthcare, and energy sectors is the key factor expected to catapult the data center cooling market. Big data and cloud computing proliferation are also projected to impact the industry demand positively over the forecast period.
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The emergence of new data centers has played a pivotal role in driving the demand for cooling solutions. Further, the need for efficient solutions is of paramount importance to ensure proper server functioning and to eliminate system downtime. High data volume combined with the rise in the number of enterprises moving towards cloud computing is also expected to impel market growth over the forecast period. Technological advancements and the development of energy-efficient systems are rising as traditional cooling systems incur high operational costs owing to the increased power consumption.
Browse full research report with TOC on "Data Center Cooling Market Analysis By Product (Air Conditioners, Precision Air Conditioning, Chillers, Air Handling Units), By Application (Telecom & IT, Retail, Healthcare, BFSI, Energy), And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/data-center-cooling-market..
Further key findings from the study suggest:
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Grand View Research has segmented the global data center cooling market on the basis of product, application, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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