International. The global data center cooling solutions market is projected to grow at a compound annual growth rate (CAGR) of approximately 12% from 2016 to 2020, according to a market research report by Technavio.
The increasing deployment of high-performance computing infrastructure in data centers has necessitated the use of cooling solutions and rack-like cooling systems. In recent times, manufacturers are developing a modern data center infrastructure in the form of green solutions to reduce energy consumption. The U.S. is the largest region by revenue they bring to this market due to the high adoption of efficient and modern cooling techniques.
"The evolution of high-performance computing is a fast-moving trend in this market. The introduction of big data and the cloud has increased the demand for data centers among enterprises and government agencies as they support high-performance computing. Thus, high-performance computing solutions involving the use of high-density servers are expected to gain traction in the market and drive the growth of the overall market," said Rakesh Panda, Principal ICT Analyst at Technavio.
The adoption of liquid-based cooling solutions is high as they are considered more efficient than air cooling. Water-based cooling, a sub-segment of liquid cooling, is the most widely accepted cooling system. The liquid cooling data center cooling market is expected to continue to grow at a rapid pace, recording a CAGR of nearly 16% during the forecast period.