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Global Data Center Precision Air Conditioning Market Report 2022: Market Witnessed Steady Growth After COVID-19 in 2021 – Outlook & Forecast to 2027

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Dublin, Aug. 29, 2022 (GLOBE NEWSWIRE) — The “Data Center Precision Air Conditioning Market – Global Outlook and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

In 2021, the global data center cooling market witnessed a steady growth after COVID-19

The data center industry was considered an essential service that led to a considerable increase in power capacity due to the service demand during COVID-19. In addition, the development of hyperscale data centers with a power capacity of over 30 MW will continue to drive market growth throughout the forecast period with the adoption of cooling infrastructure in higher numbers.

The global data center precision air conditioning market is dominated by the US, followed by Western Europe, China, and Nordic countries. However, the significant boost to market growth is aided by the construction of data centers in Latin America, the Middle East and Africa, and Southeast Asia (except Singapore), such as India, China & Hong Kong, and South Korea. The market has also witnessed mergers and acquisitions that have increased the construction of facilities.

MARKET SEGMENTATION

In terms of cooling infrastructure, North America has an increasing procurement of AI-based infrastructure solutions, which is a major driving factor for the adoption of rack-based cooling solutions. CRAC and CRAH units market is the largest revenue contributors, followed by evaporative coolers and chillers.

The market is expected to witness the adoption of modular in-rack cooling solutions during the forecast period. The most efficient cooling technology used in data centers is In-row cooling technology, equipped with a rack power density of over 6kW per rack and above.

The adoption of the in-row cooling system is very high due to its increased efficiency and prevents the mixing of hot and cold air. Due to the deployment of the 5G network, the demand for high-performance computing infrastructure procurement has grown along with the construction of edge data centers. Therefore, the installation of modular cooling infrastructure, including in-row cooling and rack-based cooling systems, is expected to grow during the forecast period.

Most of the data centers in the US and Canada are Tier III certified and have multiple levels of redundancy. In Western Europe, Tier IV facilities have adopted a 2N+1 redundant configuration for the cooling systems. European countries, including Western Europe, Nordics, and Central & Eastern Europe, are the primary revenue generators for adiabatic cooling units to cool data centers using outside free air.

In the UK, most of the facilities are either Tier III or Tier IV certified by the Uptime Institute due to high standard design and construction that include redundant configuration. In the Nordic region, colocation service providers are developing Tier III common facilities adopting N+1 or 2N redundant cooling systems.

GEOGRAPHIC ANALYSIS

The North American data center precision air conditioning market share is expected to cross USD 1.01 billion by 2027. The US has witnessed more than 110 facilities that became operational in 2021, followed by Canada with more than 11 projects in the same period.

North America is a strong driver for the data center market, especially with the construction of hyperscale facilities with over 25 MW of power capacity. In North America, the data center market growth is centered in northern Virginia, Dallas, Chicago, and the Silicon Valley region in California, as well as New York and Atlanta. The region has witnessed an increase in investments in Tier III facilities, with the US dominating the market.

In APAC, China, Japan, Australia, New Zealand, and India are the primary data center markets witnessed the investments from global colocation companies and the cloud service providers. In addition, the region is witnessing investments from edge computing locations across various countries, such as China, India, and Australia. In Latin America, Brazil is the primary data center investments contributor, followed by Mexico, Chile, Colombia, and other Latin American Countries. In Latin America, most data centers use air-based cooling systems with N+1 and N+2 redundancies.

In the Middle East & African countries, UAE, Saudi Arabia, South Korea, Israel, Kenya, Nigeria, Turkey, and others are the major countries in the data center investments across the region. The data center facilities in the region majorly adopt air-based cooling systems because of the scarcity of water availability in most countries. The air-based cooling systems adopted in the area include CRAH & CRAC, in-row, and centralized precision air conditioning systems.

KEY HIGHLIGHTS OF THE INDUSTRY

  • The global precision air conditioning market is expected to become competitive with the growing adoption of HPC infrastructure for artificial intelligence and machine learning workloads among data centers.
  • The global data center precision air conditioning market will face intense competition in developed and matured markets such as North American countries, China, Japan, and Western European countries.
  • The market is anticipated to face lower competition in developing markets owing to the quiet presence of global vendors.
  • Several countries in the Middle East, Africa, APAC, and Latin America are developing data center markets. The number of deployments is increasing in these regions, which will fuel the precision air conditioning market.

RECENT DEVELOPMENTS & IMPORTANT INVESTMENTS IN 2022

  • The US Department of Energy has witnessed investment from Nokia Bell Lab to work on efficient data center cooling.
  • Airedale, the cooling company, launched DCS, a new air-cooled chiller to extend the use of free cooling.
  • Alibaba Cloud announced a sustainable target by 2030 for becoming carbon neutral.
  • A Singapore-based real-estate firm witnessed an investment of around $12 billion over the next five years to deliver 900 MW of data center in Japan.
  • NextDC, the Australian data center firm, is planning to build a new data center of 10 MW in Adelaide with an investment of $100 million and is expected to be operational in 2023.
  • In 2022, Equinix has planned to open a new data center of 24,200 square feet with an investment of $90 million in Dywidagstrasse 10 in Aschheim with more than 800 cabinet capacity.
  • A new entrant Strategic Datasphere invested around $80 million to build a new data center in Georgia with an acquired land of 165,000 square feet.
  • Neom has planned to build a hyperscale data center facility with an investment of $500 million. Additionally, Neom has also announced a joint venture with EzdiTek.
  • DataBank plans to build a new campus outside of Denver, Colorado, with land acquisition of 75,000 square feet in Centennial, with the name of the DEN2 data center The facility is announced to be of 15 MW capacity.
  • IXcellerate has planned to expand its Moscow campuses by raising a fine of around $195 million to expand the campus of the North and South campuses of Moscow.
  • Asian Infrastructure Investment Bank (AIIB) invested around $1.1 billion in Keppel Data Center Fund II.
  • Stack Infrastructure announced to complete its newly build data center, which they started in 2021 and completed the data center build outside Portland, Oregon. The facility has a capacity of 24 MW and was built on 180,000 square foot land.
  • International Finance Corporation announced the investment of around $30 million in the Brazilian data center firm ODATA.
  • Zeittec announced to build a data center and deliver a modular facility for the Public Ministry of Mato Grosso do Sul.
  • Phaeton technology, a blockchain firm, is developing containerized data centers across Australia, and the modular measures more than 300 square feet.
  • DXN, an Australian data center, is building a modular facility with an investment of around $3 million in Pert, Western Australia.

Prominent Critical IT Infrastructure Providers

  • Airedale
  • AIRSYS
  • ClimateWorx
  • Climaveneta
  • Data Aire
  • Delta Group
  • Emicon
  • Eaton
  • Huawei
  • Rittal
  • Renovoair Zhuhai
  • Swegon
  • Schneider Electric
  • STULZ
  • Vertiv

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segments

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Premium Insights

8 Introduction
8.1 Data Center Standards Related to Cooling

9 Market Opportunities & Trends
9.1 Facility Developments With Low Pue
9.2 Implementation of Monitoring & Automation Solutions
9.3 Growing Deployment of Edge Data Centers

10 Market Growth Enablers
10.1 Investments from Colocation Providers
10.2 Rise in Deployment of Modular Data Centers
10.3 Increase in Rack Power Density

11 Market Restraints
11.1 Rise in Water Consumption by Data Centers
11.2 Increase in Carbon Emissions and Power Outages

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis

13 Product
13.1 Market Snapshot & Growth Engine
13.2 Crac Units
13.3 Crah Units

14 Deployment
14.1 Market Snapshot & Growth Engine
14.2 In-Row Cooling
14.3 In-Rack Cooling
14.4 Centralized Cooling

15 Tier Standards
15.1 Market Snapshot & Growth Engine
15.2 Overview of Tier Standards
15.3 Tier I & II
15.4 Tier III
15.5 Tier IV

For more information about this report visit https://www.researchandmarkets.com/r/gn20bw


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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’

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– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.

The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence

IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.

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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
Industrial IoT Market Size, Share & Industry Growth Analysis Report by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography – Global Growth Driver and Industry Forecast to 2026
Internet of Robotic Things Market (IoRT) by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application – Global Forecast to 2022
MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography – Global forecast 2025
Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/iot-gateway-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/iot-gateway.asp
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