Data centre cooling market to grow at 14.4% CAGR until 2027
An analysis of the data centre cooling market by Data Bridge Market Research predicts it will grow during the forecast period of 2020 to 2027 at a compounded annual growth rate (CAGR) of 14.4%, reaching an expected value of US$31.7mn. The report highlights the current scenario in the market as well as upcoming trends and developments contributing to its growth.
What has caused the growth of the data centre cooling market and what does the report show?
The growth of the data centre cooling market has resulted from escalating concerns over maintaining temperatures in data centres. This has led to an increased demand for data centre cooling products, causing the market value to grow.
Data Bridge’s data centre cooling market report provides details on several areas such as market share, new developments, and product pipeline analysis. It also analyses the impact of domestic and localised market players, opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market.
The data centre cooling market has several key players, as highlighted by the report. Schneider Electric is one of the companies featured in the report and offers several data centre cooling solutions.
These include the NetShelter Data Centre Containment system, which the company says, is designed to maximise cooling predictability, capacity, and efficiency at the rack, row or room level. There is also Schneider Electric’s Rack Air Distribution system designed for power dense racks and low-pressure areas.
Other key players in the report are Vertiv Group Corp., STULZ GMBH, Eaton, and FUJITSU, among others. Key questions covered include:
- What impact does COVID-19 have made on Global Data Center Cooling Market Growth & Sizing?
- Who are the Leading key players and what are their Key Business plans in the Global Data Centre Cooling Market?
- What are the key concerns of the five forces analysis of the Global Data Centre Cooling Market?
- What are the different prospects and threats faced by the dealers in the Global Data Centre Cooling Market?
- What are the strengths and weaknesses of the key vendors?
The full data centre cooling market report can be accessed here: https://www.databridgemarketresearch.com/checkout/buy/singleuser/global-data-center-cooling-market
Microsoft hyperscale plans prompt Lab3 New Zealand launch
Lab3, an Australian cloud migration specialist, has announced it is launching in New Zealand after being prompted by a surge in demand for cloud services and Microsoft’s investment into hyperscale data centres.
The company, which was founded in 2017, has appointed David Boyes as Chief Executive Officer and Rich Anderson as Chief Operating Officer. According to Companies Office records, Boyes and Anderson each have a 10% share in Lab3’s New Zealand business. Commenting on cloud migration, Boyes said: “Across New Zealand, in government and every industry sector, organisations are looking to migrate to the cloud to modernise their technology environments.” He added that the Coronavirus pandemic was fuelling a “ need to tap into the power of data, facilitate remote work and meet public expectations of a virtual world.”
Chris Cook, Group CEO of Lab3 said the business was "first and foremost about client success" which drives the company’s product innovation and motivation to expand into New Zealand. “We look forward to working closely with Microsoft to deliver more for New Zealand clients,” he said.
Microsoft’s New Zealand hyperscale data centre investment plan
Microsoft’s investment into a hyperscale data centre region in New Zealand meant the resulting facilities will aim to provide several organisations with access to the security and scalability of a public cloud without sending data offshore.
Vanessa Sorenson, Managing Director of Microsoft New Zealand, said: “We’ve seen a tremendous acceleration in cloud migration over the past year as organisations have responded to global disruption and conversely, recognised the global opportunities a digital operation brings.
“Our research with IDC shows public cloud technologies are set to create 102,000 local jobs and add [NZ]$30 billion to the New Zealand economy over the next four years, so we’re delighted to welcome a partner of LAB3’s calibre to New Zealand, to help more organisations realise those gains even faster," she added.
Lab3’s clients include several fintech organisations, a global software vendor, Australian federal and state government agencies, and insurance and banking corporations. The company employs over 200 staff and has three advanced specialisations across migrations, Azure virtual desktop, and security.