Europe Data Center Cooling Market: Market Analysis by Knowledge Sourcing Intelligence
Europe is the second biggest market for data center cooling globally, with a share close to 1/3rd of the total data center cooling market in 2016. The UK, Germany, France, and the Netherlands are the major data center hubs in the region. Data center cooling in the region is gaining momentum, on account of increased spending by the enterprises. In light of a new ruling by the European Union (invalidating Safe Harbor Agreement), there is an increased pressure on Data Center operators to optimize the existing infrastructure while streamlining the operating costs. This is also paving the way for new data centers for addressing concerns related to data privacy and security. Europe data center cooling market was estimated to be worth $1.572 billion in 2015 and will expand at a CAGR of 11.47% over the forecast period to reach a total market size of $3.017 billion by the end of 2021. The high growth is attributable to data center enterprises looking to expand their operations through mergers and acquisitions, as well as building up of new data centers in the region.
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| Sample View of Europe Data Center Cooling Market Forecast |
Europe Data Center Cooling Market by Country:
Europe is the dominant market for data center cooling solutions on account of robust IT infrastructure, early adoption of solutions, and the presence of some of the world’s biggest enterprises. Europe data center cooling market is anticipated to grow at a CAGR of 11.47% during the forecast period to reach US$3.017 billion by 2021 from US$1.572 billion in 2015.
The U.K. is one of the biggest markets for data center cooling solutions in the European region accounting for XX% share in 2015. The U.K. data center cooling market was estimated to be $XX.XX billion in 2015 and will reach $XX.XX billion by 2021 at a compound annual growth rate of X.XX%. The market may witness the change in momentum on account of volatile economic scenario due to uncertainties amidst Brexit and wait and watch the approach of the enterprises before making new investments. London is one of the major financial hubs in the U.K. and the EU has also been a driving force for data center space in the country. Improving the economic condition, ease of doing business, low corporate taxation as compared to world major economies, makes the country as one of the major business destinations for the enterprises across the world, leading to increased investment in the data center infrastructure. High focus on energy-efficiency in European countries is, thus, driving the demand for data center cooling solutions in the region. Moreover, rising dependence of both consumers and enterprises on cloud-based technology is expected to boost the demand for remote data storage in the medium term will further bolster the growth of data center cooling market in Europe in the coming years. The market research provides a detailed analysis of europe data center cooling market on the basis of the various segment like- by country, by enterprise size, etc.
Europe Data Center Cooling Market by Enterprise Size: The requirements for small, medium and large enterprises may vary as the investments made by them towards the data centers are different in scope. Traditionally, large enterprises have been the major adopter of cooling solutions, as these enterprises owned and operated their own data centers. As the cost of ownership of data centers has declined over the years and cloud computing and virtualization has gained momentum, medium and small enterprises have also started investing in new data center space to take advantage of reduced operating costs while assisting them to gain a competitive edge over the peers. Large enterprises segment accounted for XX% of the Europe data center cooling market in 2015 and will continue to dominate this market over the next five years. Small and Medium enterprises segment accounted for XX% and XX% respectively during the same year.
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| Sample View of Europe Data Centre cooling market by Country |
Small enterprises segment of the Europe data center cooling market was estimated to be worth US$XX.XX billion in 2015 and will grow at a compound annual growth rate of X.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2021. The surge in investment by small enterprises in the data centers is fueling market growth. Data center cooling solution providers are also coming up with new solutions to meet the requirements of small enterprises.
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New and advanced solutions especially the evaporative cooling solutions are now increasingly deployed through customization offerings for smaller deployments and thereby helping these enterprises in meeting their IT infrastructure goals.
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