Asia Pacific Data Center Cooling Market - Growth, Trends, COVID-19 Impact, Forecasts (2022 - 2027)
The Asia Pacific Data Center Cooling Market is expected to grow at a CAGR of 11.7% over 2021 to 2026. Due to the surge in internet usage and the number of data centers due to enormous computational requirements by AI and Media applications in the APAC region, the Data Center Cooling Market has a massive growth. According to Internet World Stats (IWS), as of May 2020, with a penetration rate of 55.1% and nearly 2.4 billion Internet users, Asia-Pacific accounted for 50.9% of the global internet users. As of 2021, China ranked first with around 1034.32 million internet users, while India achieved second place with 845.68 million internet users.
Key HighlightsThe Asia Pacific Data Center Cooling Market is fragmented as the advantages offered by the technology and aid from the government by imposing efficiency regulations on data centers are expected to help the growth of the data center cooling market directly. Market penetration is growing with a strong presence of major players in established markets. With the increasing focus on innovation, the demand for new technologies is growing, which, in turn, is driving investments for further developments. Key players are Vertiv Co., Schneider Electric SE, STULZ GMBH, etc.
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