Airflow Management Market - Global Industry Analysis, Share, Size, Growth, Trends, and Forecast 2018 - 2028
Airflow Management Market - Outline
The rising need for green data centers is anticipated to boost demand in the global airflow management market. The market is expected to be driven by factors such as an increase in the number of data centers around the world, as well as improvements in thermal management and cooling efficiency in data centers. Data centers have sprung up all over the world as the amount of data generated has skyrocketed. The main issue that data centre operators and owners confront is the requirement for more cooling capacity since the current system does not provide sufficient temperature at the data equipment inlets. In most situations, however, the issue is inadequate airflow control rather than a lack of cooling capability. Airflow management entails the use of a variety of devices to direct and restrict conditioning as well as exhaust air, including grommets, confinement, elevated perforated tiles and grills, blanking panels, and many more. The primary goal of airflow management systems is to enhance and maintain the appropriate cooling temperature in order to increase data centre efficiency. As a result of using appropriate airflow control methods, two distinct variants emerge.
Increasing Demand for Cloud-based Solutions across the Globe to Boost Demand in the Market
The significant rise in demand for cloud-based solutions, which is likely to led to an rise in the number of data centre solutions worldwide. This factor is likely to emerge as one of the key factors for the expansion of global airflow management market in the near future. The development of the airflow management industry is further estimated to be aided by the rising need for data centre chains that make use of effective cooling techniques. In addition to that, airflow management aids in the cooling efficiency and thermal management of data centers, which is projected to support overall development of the market in the forthcoming years.
Airflow Management Market – Introduction
With the rising demand for automation and connected devices, a large amount of data has been accumulated that has led to the growing number of data centers. Although the data centers have been established to handle data storage and management, the inability of current systems to offer efficient cooling has been posing a challenge, which can be tackled with the introduction of airflow management systems.
Popularity of airflow management system has been rising on account of their competency to ensure thermal management in the data centers by employing hardware such as containment, blanking panels, grills, and grommets. When proper cooling is provided in the data centers, risks related to the IT system failures, escalating costs, reduced efficiency, and loss of energy can be mitigated at an early stage. Widespread adoption of cloud-based systems in the industries such as insurance, finance, and banking has generated a demand for temperature monitoring system, which is anticipated to reflect on the sales of the airflow management systems in the coming years.
Airflow Management Market – Notable Developments
The core strategy of the partakers operating in the airflow management market includes diversification of product portfolio, strategic mergers and acquisitions, productive partnership, novel product launches, and incorporation of joint ventures. The companies functioning in the airflow management market have been making hefty investments in the research and development activities to develop distinguished product and gain a competitive edge in the market.
Some of the most prominent competitors operating in the competitive landscape of global airflow management market include –
Eaton Corporation was founded in 1911 and is headquartered in Boston. The company has a rich customer base and sells products in over 175 countries. It diligently works in the direction of enhancing the lives of people and environment by leveraging technology that is safe, reliable, efficient, and sustainable.
Upsite Technologies was incorporated in 2001 and is based in the U.S. It offers a world class range of services and products on the optimization of data center cooling systems while reducing the energy costs. It provides product innovation by developing novel products to suit its customers’ need.
Airflow Management Market – Dynamics
Specialized Infrastructural Requirements of Airflow Management System to Constraint Sales Prospects
With the rising realization pertaining to the limitations faced by the traditional airflow management systems, manufacturers operating in the market have been striving to enhance their efficiency. This has affected the overall price of the airflow management system. In addition, the novel system requires advanced infrastructures, thereby discarding the use of traditional infrastructures, which bears additional cost alongside that of the airflow management system. As a result of which, the end-users have been showing a reluctance in adoption of the system and lending limited growth prospects to the airflow management market.
Need for Airflow Management Systems in IT Industry to Sustain the Market Growth
Adoption of technology in numerous industries has generated a demand for efficient infrastructure for the storage and management of data. Advancements in the IT and telecom industry in the Asia Pacific region have given birth to a large number of data centers, which has in turn generated demand for airflow management systems to tackle the risks associated with IT system failure, on the back of change in the temperature of the systems.
Airflow Management Market – Segmentation
The airflow management market can be bifurcated into:
Airflow Management Market Segmentation – By Offerings
Based on the offerings, the airflow management market can be classified into:
Airflow Management Market Segmentation – By Cooling System
Depending on the cooling system, the airflow management market can be segmented into:
Airflow Management Market Segmentation – By Data Center
On the basis of the data center, the airflow management market can be fragmented into:
Airflow Management Market Segmentation – By Industry
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