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 1/3 rd 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 ...