Application Overview
Global data center cooling industry is segmented into varied applications like IT & telecom, BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom segment is expected to dominate the application segment during forecast timeline due to high acceptance of data center Efficiency Heating
Cooling cooling systems. Further, growing acceptance of ecologically and economically effective cooling techniques like liquid cooling is projected to evolve as a main factor for data center cooling industry demand across many global IT & telecom applications.
BFSI applications segment is predicted to acquire data center cooling market share at CAGR of 11.51% during forecast timeline. They need high system accessibility, periodic peak time and less transaction turnaround period along with good cooling amenities. Many cloud-based data management participants concentrate on banking applications due to enhanced digitization of banks.
Product Overview
Global data center cooling market is segmented into key products like chillers and air conditioners.Chiller segment is anticipated to dominate the data center cooling industry by contributing more than 80.1% of the total industry share for 2015. Air conditioners segment is forecast to register more than 11.1% of CAGR in future.