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Global Data Center Power and Cooling Market size to record 7.8% CAGR through 2028

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Pune, India, Oct. 31, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added latest report, global data center power and cooling market is expected witness a 7.8% CAGR during the forecast period to amass USD 7 billion by the year 2028.

Furthermore, it consists of information about the major players influencing the competitive dynamics, along with their contribution in terms of products and services. The report also talks about the impact of COVID-19 on the business sphere.

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The industry growth is majorly driven by surging adoption of remote working and learning culture, as well as development of data-hungry technologies like machine learning, artificial intelligence (AI), and Internet of Things (IoT).

For the unversed, data center power and cooling systems are essential parts of data center architecture that aid in providing vital power and cooling needs of electronic equipment.

Moreover, businesses are introducing novel and innovative power solutions as well as cutting-edge cooling systems to meet the demands of the modern data centers, which in turn is boosting the market outlook.

Furthermore, emergence of IT and telecommunication sectors, as well as rapid acceleration of digital transformation are expected to augment industry trends during 2022-2028.

COVID-19 impact:

The outbreak of COVID-19 reduced the expenditure of large companies and service providers on maintenance and development of infrastructure, thereby plummeting the demand for data centers and hampering the market growth in the recent past.

Market segment overview:

Based on product range, worldwide data center power and cooling industry is divided into data center cooling and data center UPS. Among these, the data center cooling segment held a major revenue share in 2021 and is poised to record modest growth in the coming years.

Notably, UPS is a battery backup that provides power to the system so that operators have enough time to correctly shut down the equipment in the event of a utility power failure. Meanwhile, the data center cooling system removes the excess heat from the air and replace it with cooler air.

In terms of end-user terrain, the market is branched into institutional, telecommunications, healthcare, banking & finance, IT, and others.

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Regional scope:

The industry trends are studied across North America, Europe, and Asia Pacific. Among these, North America market holds the major revenue share at present and is slated to grow significantly during the analysis timeframe.

Meanwhile, Asia Pacific data center power and cooling industry is estimated to grow at a modest rate through 2028, on account of huge data traffic created by IT and e-commerce sectors, in consort with inflowing investments for enhancing banking, telecom, and government verticals.

Competitive dashboard:

Vertiv Holdings Co., Trane Technologies plc, The 3M Company, STULZ GmbH, Schneider Electric SE, Rittal GmbH & Co. KG., Riello Industries S.r.l., Pentair plc, Mitsubishi Electric Corporation, Legrand SA, Kohler Co., Johnson Controls International plc, Huawei Technologies Co. Ltd., Eaton Corporation plc, Daikin Industries Ltd., Cummins Inc., Caterpillar Inc., and ABB Ltd. are the major players in global data center power and cooling market.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-data-center-power-and-cooling-market-2022-2028

Global Data Center Power and Cooling Market, By Product (Value, USD, 2018-2028)

  • Data Center Cooling
  • Data Center UPS

Global Data Center Power and Cooling Market, By End-User (Value, USD, 2018-2028)

  • Institutional
  • Telecommunications
  • Healthcare
  • Banking & Finance
  • IT
  • Others

Global Data Center Power and Cooling Market, Geographical Fragmentation (Value, USD, 2018-2028)

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Global Data Center Power and Cooling Market, Company Profiles (Value, USD, 2018-2028)

  • Vertiv Holdings Co.
  • Trane Technologies plc
  • The 3M Company
  • STULZ GmbH
  • Schneider Electric SE
  • Rittal GmbH & Co. KG.
  • Riello Industries S.r.l.
  • Pentair plc
  • Mitsubishi Electric Corporation
  • Legrand SA
  • Kohler Co.
  • Johnson Controls International plc
  • Huawei Technologies Co. Ltd.
  • Eaton Corporation plc
  • Daikin Industries Ltd.
  • Cummins Inc.
  • Caterpillar Inc.
  • ABB Ltd.

TABLE OF CONTENTS:

FIGURES AND TABLES

PART 1. INTRODUCTION

Report description, Objectives of the study, Market segment, Years considered for the report, Currency, Key target audience.

PART 2. METHODOLOGY

PART 3. EXECUTIVE SUMMARY

PART 4. MARKET OVERVIEW

Introduction, Drivers, Restraints, Impact of COVID-19 pandemic.

PART 5. MARKET BREAKDOWN BY PRODUCT

Data center UPS, Data center cooling.

PART 6. MARKET BREAKDOWN BY END USER

IT, Banking and finance, Healthcare, Telecommunications, Institutional, Others.

PART 7. MARKET BREAKDOWN BY REGION

Asia Pacific, Europe, North America, Rest of the World (RoW).

PART 8. KEY COMPANIES

Related Report:

Global Data Center Cooling Market 2022-2028

The global data center cooling market is expected to reach approximately USD 17,346 million, representing a CAGR of 11.4% during the forecast period 2022-2028.The purpose of data center cooling technology is to maintain environmental conditions suitable for information technology equipment (ITE) operation. Achieving this goal requires removing the heat produced by the ITE and transferring that heat to some heat sink. Failing to manage the heat and airflow within a data center can have disastrous effects on a business. This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, cooling technique, structure, end user, and region. The global market for data center cooling can be segmented by components: solutions, services. Data center cooling market is further segmented by cooling technique: air-based cooling techniques, liquid-based cooling techniques (water-based cooling, direct-to-chip cooling, liquid immersion cooling).

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If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.



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Artificial Intelligence

Tata Elxsi and Telefónica Collaborate to Achieve True Cloud-Native Infrastructure Management, Revolutionising Telecommunications Landscape

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BENGALURU, India and BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ — Tata Elxsi and Telefónica proudly announce a groundbreaking achievement in the realm of the automation of cloud infrastructure for telecommunications, with the successful implementation of true cloud-native infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This milestone represents a significant evolution in network management, enabling operators to build intent-driven network systems with unprecedented efficiency and agility.

Through this collaboration, Tata Elxsi and Telefónica have enhanced the capabilities of OSM, introducing innovative features such as infrastructure automation, serverless operations execution environments, and the deployment of multi-cloud Platform-as-a-Service (PaaS) solutions. These advancements mark a new phase in the evolution of Telco Cloud technologies and signify a commitment to driving digital transformation across the telecommunications industry.
The integration of OSM with Tata Elxsi’s award-winning NEURON platform represents a pivotal moment in multi-domain transformation towards autonomous network systems. NEURON’s business intent-driven functionalities, coupled with OSM’s platform, provide operators with unparalleled control and flexibility in managing complex infrastructures.
“In our collaboration with Tata Elxsi, our objective is to advance the boundaries of technology and standardization, propelling operators towards cloud-native agility,” emphasised Francisco-Javier Ramón, Multicloud Tools Manager in gCTIO Unit at Telefónica.
“We are thrilled to partner with Telefónica to revolutionize the orchestration landscape,” commented B. Ramesh Ramanathan, Principal Architect, CTO Office at Tata Elxsi. “This collaboration enhances our presence within the open-source community and propels NEURON towards the realm of 5G and beyond and autonomous networks.”
The strategic collaboration between Tata Elxsi and Telefónica sets the stage for future advancements in Telco Cloud technology, paving the way for cutting-edge solutions that address the evolving needs of the telecommunications industry.  Powered by OSM, NEURON now possesses the capability to seamlessly integrate infrastructure, services, security, networking, and configuration into a unified, intent-driven deployment.
Please visit MWC Hall 2 – 2A53MR to see the joint demonstration by Telefónica and Tata Elxsi.
About Tata Elxsi
Tata Elxsi is a global design and technology services company that blends technology, creativity, and engineering to help customers transform ideas into world-class products and solutions. With expertise in industries such as automotive, broadcast, communications, healthcare, and more, Tata Elxsi is committed to driving innovation and delivering value to its clients worldwide. For more information, visit www.tataelxsi.com.
About Telefónica:
Telefónica is a leading telecommunications company operating in Europe and Latin America. With a presence in over 15 countries and a customer base exceeding 350 million, Telefónica is committed to providing cutting-edge solutions and services that enable individuals, businesses, and communities to connect and thrive in the digital world.
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Netcore Unbxd’s Strategic Expansion in Europe Fuels 150% Revenue Growth, Redefining Ecommerce in Europe

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LONDON, Feb. 27, 2024 /PRNewswire/ — Netcore Unbxd, a leading AI-powered Commerce Search and Product Discovery landscape player, proudly announces exceptional growth in the UK and European markets. This growth which has tripled in the last year, is marked by the successful onboarding of market-leading retailers, including Waitrose, Unilever Europe, Camper Footwear, Dobbies, Alohas, OceansApart, Goodform, and ResMed Europe. What sets this accomplishment apart is its tangible impact on the retailer’s bottom line, as they leverage the advanced capabilities of Netcore Unbxd’s platform, resulting in an impressive 40% surge in revenue and a substantial 25% increase in conversions.

As a wholly owned subsidiary of Netcore Cloud Pvt Ltd, Netcore Unbxd has strategically scaled its teams across key markets in the UK, France, Spain, and Portugal. Unbxd’s data infrastructure spans five regions, including one in the EU. Additionally, the region has established a comprehensive Go-To-Market (GTM) team comprising skilled professionals in customer success, account management, and sales to reinforce its commitment to providing exceptional services and support to its expanding clientele.
Netcore Unbxd’s success lies in the compelling stories of its customers, which include:
Fishpools, a significant player in the UK furniture industry, experienced a 51% increase in Average Order Value (AOV) and a 20% surge in search-related revenue within 12 months of implementing the Unbxd platform.Wex Photo Video, a leading electronics retailer, saw a remarkable 35% reduction in bounce rates within the same period.The company’s recognition as a leader in the Forrester Wave report in the Commerce Search and Product Discovery category in Q3 of 2023 further solidifies its position in the market. This is in addition to Netcore’s previous recognition as a top vendor in Email Marketing Services (Q1 2022) and Cross-Channel Marketing (Q1 2023).
Netcore Unbxd’s advanced AI technology empowers retailers to deliver highly personalised shopping experiences, optimising product discovery and ensuring a seamless shopper journey. The region’s platform has been highly successful, offering enterprise features such as omnichannel search, natural language processing (NLP) models, and multi-language understanding. Recent collaborations with industry leaders such as Unilever and Waitrose highlight the platform’s effectiveness across diverse UK and European sectors.
Nishant Jain, COO of Netcore Unbxd, stated, “Our vision is to revolutionise the ecommerce landscape by leveraging AI technologies like large language models (LLMs) and vector models to enhance product discovery. Netcore Unbxd, a platform designed for enterprise retailers, has observed a significant 150% growth in revenue within the region over the past year.”
Laura Burbedge, Director of Online at Waitrose, said, “We know that our customers are busy and have lots of demands on their time – they need to be able to fill their online shopping trolley quickly and easily with minimal effort. Through working with Unbxd we have already seen a significant improvement in customer satisfaction with our search feature, with more personalised results.”
As AI continues to evolve in ecommerce, Netcore Unbxd remains well-positioned to leverage innovative solutions that empower businesses to stay ahead of the curve.
About Unbxd
Netcore Unbxd is a cutting-edge AI-powered product discovery platform that elevates the ecommerce experience with personalised interactions. By providing a range of solutions, including contextually relevant Search, Personalisation, and Product Recommendations, alongside an intelligent Product Information Management (PIM) platform and an intuitive merchandising console, Unbxd offers brands the tools to optimise their ecommerce objectives. Noteworthy global brands such as Unilever, MattressFirm, Waitrose, Advance Auto Parts, Dillard’s, The Children’s Place, HSN, and Wex have trusted Unbxd. Across the world, Unbxd consistently delivers exceptional shopping journeys to countless online visitors at scale.
Media Contact:Mekhala [email protected] 
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ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

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IFS Cloud ERP will streamline ZwickRoell’s processes to reduce complexity and improve efficiencies to build business resilience.
LONDON, Feb. 27, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business’ requirements needed to support its strategic growth plans.  Amid industry challenges, including global supply chain disruption, meeting sustainability goals and readiness for increased automation, ZwickRoell sought a new solution that would simplify its daily operations and eliminate existing IT operating risks.
IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency. With IFS Cloud, ZwickRoell will benefit from a single, composable digital platform that is designed to fit the needs of its complex manufacturing cycle today, from product development through to service and maintenance, and scale in future.
A key advantage of IFS Cloud is its evergreen model, which allows ZwickRoell to seamlessly integrate composable business applications across ERP, Enterprise Asset Management (EAM) and Field Service Management (FSM) as needed, enabling a solid data foundation across organization, and therefore delivering faster time to insight and minimizing costs. IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell’s key requirements.
Klaus Cierocki, CEO of ZwickRoell, said: “We are excited to begin a new chapter with IFS. Their manufacturing industry expertise and leading enterprise software differentiated them during the competitive selection process and they have given us complete confidence that they will support. IFS Cloud will provide us with the single platform that we knew was necessary to properly support our entire manufacturing and production cycle, ultimately helping us deliver better value to our customers and to build resiliency and agility into our business.”
Frank Beerlage, Managing Director DACH, IFS, said: “ZwickRoell is a strong family-run organization with traditions reaching back 160 years. Its values of honesty and fairness and its commitment to its customers are deeply aligned with IFS’s own mission. Globally, we are seeing manufacturers are increasingly accelerating their adoption of cloud-enabled solutions to enable the agility needed in the face of global challenges. We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans.”
The scale of deployment will include 1,390 users and two sites in Germany and Austria, with an 18-month global rollout to follow.
About ZwickRoell
For more than 160 years ZwickRoell has delivered outstanding technical performance, innovation and quality, in materials and component testing. ZwickRoell testing machines are used in R&D and quality assurance in more than 20 industries with one common goal – reliable test results This is ensured by a team of 1,900 dedicated employees in +50 countries, with competence, openness and passion.
Learn more about how automation and digitalization can make testing processes more efficient, simpler and safer at zwickroell.com  
About IFS
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Press Contacts:EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7018 607 299
The following files are available for download:
https://mb.cision.com/Public/855/3935600/ad3dc38ca4cb4f61.pdf
ZwickRoell PR Final
https://news.cision.com/ifs/i/zwickroell930x423,c3271329
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