Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Data Center Cooling Market Forecast 2032-2028: Key Players Include Rittal, Schneider Electric, STULZ and Vertiv

Published

on

Dublin, July 25, 2023 (GLOBE NEWSWIRE) — The “Data Center Cooling Market – Global Outlook & Forecast 2032-2028” report has been added to ResearchAndMarkets.com’s offering.

The global data center cooling market is expected to grow at a CAGR of 6.36% from 2022 to 2028.

To keep up with the ever-changing market demands and improve energy consumption, data center operators and vendors are relentlessly innovating cooling technologies. Collaborations between companies like ST Telemedia Global Data Centers and PTT Digital Solutions aim to leverage cold energy from LNG regasification to reduce energy consumption.

Other advancements, such as OVHCloud’s hybrid liquid cooling technology and Chindata’s waterless cooling system, offer sustainable and efficient cooling solutions, reducing both CAPEX and power consumption.

Key Data Center Cooling Infrastructure Vendors

  • Airedale International Air Conditioning
  • Rittal
  • Schneider Electric
  • STULZ
  • Vertiv

KEY HIGHLIGHTS

  • Heat management is a crucial concern for data centers as it can lead to equipment failure and data loss. Thus, it is imperative to implement effective cooling systems to regulate the temperature of processors and peripherals.
  • Data centers follow cooling standards that dictate the design, adoption, and operation of cooling systems and equipment to ensure optimal cooling. ASHRAE provides industry-standard guidelines and recommendations for installing these cooling systems.
  • Operators seek cost-effective and sustainable solutions to improve their cooling systems while conserving space and reducing power consumption.
  • Hybrid liquid cooling, plant-based immersion, waterless, and river water cooling are some of the efficient solutions in the data center cooling market that operators are considering reducing their CAPEX and OPEX.
  • CRAC and CRAH units dominate the cooling systems market, accounting for around 35% of the overall data center cooling market share. CRAH units are becoming increasingly popular among operators as they operate without a compressor, resulting in higher efficiency and lower power consumption than CRAC units. This makes them an excellent choice for operators looking to incorporate sustainability into their facilities and is expected to drive the market for CRAH units during the forecast period.

SEGMENTATION ANALYSIS

Segmentation by Infrastructure

  • Cooling Systems
  • Other Mechanical Infrastructure

Segmentation by Cooling Systems

  • CRAC & CRAH Units
  • Chiller Units
  • Cooling Towers, Condensers, and Dry Coolers
  • Economizers & Evaporative Coolers
  • Other Cooling Units

Segmentation by Cooling Technique

  • Air-based Cooling Technique
  • Liquid-based Cooling Technique

Segmentation by Tier Standards

  • Tier I & II
  • Tier III
  • Tier IV

KEY TRENDS

Advancements in Artificial Intelligence

  • The data center market is experiencing significant growth in advanced technology adoption, particularly AI and ML. Countries across the globe have substantially started adopting AI for several operations. For instance-
  • The UK government proposed the Digital Information and Data Protection Bill and pro-innovation AI regulations, investing USD 2.63 billion in AI since 2014.
  • Italy released its National AI Strategy to improve public administration through AI and digital transformation.
  • In Brazil, 25% of large enterprises use AI and ML technologies.
  • The Australian government invested USD 30 million to support AI research transfer to small and medium-sized businesses.
  • Liquid cooling is the most popular cooling technology in HPC data centers supporting AI and ML workloads. In the forecast period, liquid immersion cooling will become the industry standard in the data center cooling market due to its ability to improve energy efficiency, scalability, and speed. This trend will likely shift away from traditional cooling methods associated with high energy consumption costs, significant carbon footprint, and excessive water usage.

Growing Rack Power Density

  • Rack power density is increasing due to technologies such as AI and ML, which require high levels of processing, with AI servers requiring 1kW/rack unit.
  • HPC systems have setups running between 20-40 kW/rack, with deployments reaching up to 50 kW/rack.
  • Efficient cooling technologies, mainly liquid cooling systems, must keep high-density racks running.
  • The increasing rack power density will drive the adoption of efficient liquid cooling systems to maintain competitiveness in the data center cooling market.

Innovation in Data Center Cooling Technologies

  • In the rapidly evolving data center market, operators constantly look for innovative and sustainable cooling solutions to meet the growing demand for high-density computing. As a result, vendors constantly research and develop new technologies to help operators keep up with the ever-changing market. For instance-
  • ST Telemedia Global Data Centers and PTT Digital Solutions signed an agreement to investigate using cold energy from LNG regasification to cool a data center in Thailand to reduce energy consumption by 20-30%.
  • OVHCloud announced the release of a hybrid liquid cooling technology that combines water and dielectric fluid in vertically sealed server tanks, reducing CAPEX and annual power consumption by 7% and 20%, respectively.
  • Chindata collaborated with Vertiv to launch X-Cooling, a waterless cooling system that achieves a PUE of less than 1.1 and saves around 1.2 million tons of water annually at its Hebei data center.
  • Vendors investing in developing innovative cooling technologies and offering sustainable and efficient cooling solutions will likely emerge as key players in the data center cooling market.

Operators Reducing Water Usage

  • Using traditional or legacy cooling methods, a data center with a 1 MW capacity can consume up to 26 million liters of water per year, contributing to water scarcity and severe drought in certain regions. This highlights the urgent need for sustainable and water-efficient cooling solutions in the data center industry.
  • In response to the growing concerns around water scarcity and sustainability, operators have recognized the need to take a proactive approach to reduce their water consumption and environmental impact. Many operators have committed to becoming water positive in the coming years to achieve this goal.
  • Amazon Web Services announced its goal to become water positive in November 2022.
  • Google aims to be water positive by 2030 and to restore 120% of the water consumed by its data centers and offices.
  • Microsoft and Meta also aim to be water positive by 2030 and to restore more water than they consume on a global scale. For instance, In October 2022, Meta implemented measures to reduce water usage by raising server room temperatures to 32.2C and reducing humidity.
  • The demand for air-based cooling systems will increase during the forecast period due to low water usage and operational costs.

KEY QUESTIONS ANSWERED:

1. How big is the data center cooling market?
2. What is the growth rate of the global data center cooling market?
3. Which region holds the most significant global data center cooling market share?
4. What are the key trends in the data center cooling market?
5. Who are the key vendors in the global data center cooling market?

Key Attributes:

Report Attribute Details
No. of Pages 478
Forecast Period 2022 – 2028
Estimated Market Value (USD) in 2022 $8.73 Billion
Forecasted Market Value (USD) by 2028 $12.64 Billion
Compound Annual Growth Rate 6.3%
Regions Covered Global

For more information about this report visit https://www.researchandmarkets.com/r/w4xlwz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

atNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards

Published

on

atnorth-shortlisted-for-datacloud-global-awards,-the-energy-awards-and-the-women-in-green-business-awards

The leading Nordic data center business achieves multiple new accolades.
REYKJAVÍK, Iceland, May 10, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, today announced widespread industry recognition including shortlisting’s in the `Excellence in Data Centre Europe Award 2024′ category at the Datacloud Global Awards and the `Energy Efficient Partnership of the Year’ category at the Energy Awards.

The Datacloud Global Awards celebrate excellence in the data center and cloud industry, recognizing outstanding achievements, innovation, and leadership across various categories. From pioneering technology solutions to sustainable practices, these awards highlight the trailblazers and visionaries driving the digital transformation landscape forward.
atNorth’s continuous commitment to developing the most advantageous solutions for its clients has led the business to be recognized for its efforts in energy efficiency, data center excellence and as a leader in the data center industry.
Additionally, atNorth’s CFO & Deputy CEO, Eva Sóley Guðbjörnsdóttir has been shortlisted in the `Diversity and Inclusion Champion of the Year’ category at the Women in Green Business Awards, illustrating the commendable ethos of atNorth’s business as a whole, as it champions fairness and the greater good – both internally and at the core of its service provision.
“We are delighted to be acknowledged in a variety of categories across multiple awards,” says Eva Sóley Guðbjörnsdóttir, CFO & Deputy CEO, at atNorth. “As we remain committed to our vision of `more compute for a better world’, this recognition inspires us to continue to advocate for best practice within our business and the industry as a whole.”
The news follows atNorth’s recognition in TechRound’s Sustainability60 campaign, at the UK Green Business Awards and the Tech Capital Awards. The business has also recently announced Anna Kristín Pálsdóttir as Chief Development Officer and Jörgen Larsson as Director of Hyperscale Operations as the business continues to scale to meet the increasing demand for its services.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads. 
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/atnorth/r/atnorth-shortlisted-for-datacloud-global-awards–the-energy-awards-and-the-women-in-green-business-a,c3976912
The following files are available for download:
https://mb.cision.com/Main/18907/3976912/2788817.pdf
Release
https://news.cision.com/atnorth/i/eva-soley-press,c3298304
Eva Sóley press
 

View original content:https://www.prnewswire.co.uk/news-releases/atnorth-shortlisted-for-datacloud-global-awards-the-energy-awards-and-the-women-in-green-business-awards-302142302.html

Continue Reading

Artificial Intelligence

ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards

Published

on

proofid-wins-judges’-award-for-global-ambition-at-the-2024-northern-tech-awards

MANCHESTER, England, May 10, 2024 /PRNewswire/ — UK-headquartered, global Identity and Access Management (IAM) specialist, ProofID has won the Judge’s Award for Global Ambition at the Northern Tech Awards held at Manchester Cathedral. The company won the award in recognition of its expansion in the USA following the successful acquisitions of Regatta Solutions an Austin, Texas based Identity Governance and Administration (IGA) integrator and PEGRight a Colorado Springs, Colorado based IAM integrator.

 
 
These two acquisitions created a combined business which leads the field as a provider of enterprise identity solutions and global identity managed services across Europe and North America. The awards, organised by GP Bullhound, are a demonstration of the spirit of innovation, resilience, and growth that defines the Northern tech ecosystem.
Tom Eggleston, CEO of ProofID said: “ProofID has always embraced its northern roots, but it’s been an exciting road.”
“Our journey to the international stage continues and reflects not only our ambition to grow via acquisition but also our ability to adapt, innovate and thrive in other territories. It’s truly wonderful for our work to be recognised in this way.”
In 2022, Maven invested £15 million through the Maven UK Regional Buyout Fund to support ProofID’s growth and strategic expansion. Since then, the company has continued to develop its partnerships with IAM vendors, offering broader solutions and enhancing its market position.
The award, accepted by Peter Dolan, CFO of ProofID, is held to showcase leading tech businesses in the North, fuelling growth in its powerful tech economy. The eleventh edition of the Northern Tech Awards ceremony, brought together 250 CEOs, entrepreneurs, and business leaders from across the digital economy, celebrating innovation and excellence in the North of England and Scotland. 
Javed Huq, Managing Director of sponsor, GP Bullhound said: “Congratulations to all the winners of the 2024 Northern Tech Awards.
“Their success is a testament to the remarkable determination and entrepreneurship, which have enabled their businesses to thrive in a challenging market landscape.
“We are immensely proud of the dedication and innovation within the Northern tech ecosystem and believe it is important to celebrate these achievements at tonight’s awards. We are honoured to champion these leading tech businesses and look forward to their continued growth and contribution to the UK economy.”
About ProofID
ProofID is a global identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM and IGA services. ProofID has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 6 consecutive years and SailPoint, achieving delivery Admiral status. For more information visit www.ProofID.com.
LinkedInTwitterFacebook
Photo: https://mma.prnewswire.com/media/2408798/Northern_tech_awards.jpg

View original content:https://www.prnewswire.co.uk/news-releases/proofid-wins-judges-award-for-global-ambition-at-the-2024-northern-tech-awards-302142277.html

Continue Reading

Artificial Intelligence

Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy

Published

on

northern-data-group’s-peak-mining-announces-new-partnership-for-28mw-of-mining,-powered-by-100%-renewable-energy

28MW of miners delivering 1.3 EH/s, strategically located in Paraguay2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installedPower rate of sub $0.04/kWh, generated by 100% renewable hydropowerFRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.

The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint. 
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”
Niek Beudeker, Managing Director, Peak Mining, commented:
“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.
Björn Schmidtke, CEO at Penguin Group, commented:
“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.”
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.  

View original content:https://www.prnewswire.co.uk/news-releases/northern-data-groups-peak-mining-announces-new-partnership-for-28mw-of-mining-powered-by-100-renewable-energy-302141597.html

Continue Reading

Trending