Published Date: 2022-01-13
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European Data Center Cooling Market size is expected to reach USD 11.5 billion by 2027, according to a latest forecast report by Graphical Research.
Growing digitalization in the automotive sector has increased data volume will boost the market demand. For instance, a large volume of data is generated through the Internet of Things (IoT) technology including self-driving cars, which is driving the need for data centers. According to the European Automobile Manufacturers Association (EAMA), autonomous car sales will rise by about 10% by the end of 2021 compared to 2020. Furthermore, the demand for data centers is expected to increase significantly due to the introduction of biometric technology-based premium cars that collect data related to remote analysis, navigation history, fuel consumption, and the current location of the vehicle to enhance the driving experience.
The pandemic had a significant impact on investments for advanced data centers, thereby impacting the market in Europe. Due to the COVID-19 pandemic, various data center construction projects have been discontinued. This has limited the IT expenditure made by companies on data center infrastructure development and maintenance, thereby impact the market growth. The demand for new data centers increased considerably in the second half of 2020 due to the adoption of remote working and online shopping. The increasing demand for eco-friendly data center solutions has boosted the sales of data center cooling solutions to improve computing performance and reduce energy usage. The increasing adoption of live streaming videos & OTT content in Europe is boosting the construction of new data centers, thereby spurring the need for data cooling solutions in the region. Regular inspection and maintenance of cooling equipment in data centers prevent unwanted downtime and are critical to maintain a smooth-running facility. Cooling equipment preventive maintenance focuses on critical components including air filters, blower drive systems, compressors, facility fluid & piping, and evaporator coils. It is crucial to provide a comprehensive site support solution that includes mission-critical services for the cooling components of a data center. This can help identify systems at risk of failure, prevent downtime, and maximize product life.
Browse detailed statistical insights from the report, “Europe Data Center Cooling Market Forecast 2027 By Cooling Technique (Rack/Row-based, Room-based), By Component (Solution {Air Conditioner, Chilling Unit [Air-cooled, Water-cooled, Glycol-cooled], Cooling Tower, Control System, Economizer [Condensing, Non-condensing], Liquid Cooling System [Direct-To-Chip, Immersive]}, By Service {Consulting, Maintenance & Support, Installation & Deployment}), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1127/europe-data-center-cooling-market
The row/rack-based cooling segment is poised witness a high demand through 2027 as it increases scalability. Row/Rack-based cooling helps in increasing the cooling efficiency by minimizing the power required for cooling data centers. Due to an increased need for edge data centers, plug-and-play stacked racks with digital monitoring capabilities, integrated auxiliary power, and high-density cooling systems are widely adopted in Europe. This enables row/rack-based cooling solutions to be used in next-generation data centers by both large and small enterprises. High & variable density IT equipment that generates heat in the data center environment can be addressed by the row/rack-based approach.
The expanding BFSI sector is adopting contactless payments, which will boost the data center cooling industry outlook. Strong Customer Authentication (SCA) mandates, which require multifactor authentication for contactless purchases, have been gradually rolling out across Europe. This is encouraging banks and financial institutions to introduce advanced contactless payment solutions to offer enhanced security for payments by preventing data theft. Financial institutions’ data centers require robust and reliable cooling solutions to effectively manage the increasing demand for online banking services. The implementation of advanced cooling systems in data centers helps in increasing performance and reducing system downtime. This enables data centers to support various high data volume online banking activities in Europe.
The data center cooling in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Europe Market, By Component
Europe Market, By Cooling Technique
Europe Market, By Application
The above information has been provided for the following countries:
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