April 21, 2022 15:06 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, April 21, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, Latin America data center cooling market will grow at a CAGR of 6.9% during 2022-2027. The data center cooling market is witnessing considerable growth with innovative technologies and efficient cooling solutions. The demand for liquid-based cooling techniques is increasing due to high adoption of immersion cooling solutions.
The growing adoption of smart devices, the increasing demand for analytics, cloud adoption, and the growth of wireless networking technologies have prompted several organizations in Latin America to invest in big data and IoT technology. The adoption of IoT will increase edge data centers. IoT applications require high computing power, along with low latency supported by efficient cooling infrastructure to meet the demand for IoT applications.
In Latin America, Mexico is the major revenue generator in the IoT market.
Latin America Data Center Cooling Market Report Scope
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Market Segmentation by Cooling Systems
Market Segmentation by Cooling Technique
Market Segmentation by Tier Standards
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Strategies Adopted by the Players to Stay Ahead of the Competition
The Latin American data center cooling market is highly competitive due to the presence of both global and local vendors. Global companies are entering the Latin American region with the acquisition of local data center companies. For instance, Equinix acquired Axtel’s data centers in Mexico. CyrusOne bought a stake in ODATA, which operates data center facilities across the region.
The growing adoption of advanced technological solutions such as AI, ML, big data, and IoT has increased the rack power density, leading to the adoption of direct-to-chip cooling solutions. Vendors in the market are partnering with modular data center developers and direct liquid cooling providers to grow their revenue. For instance, Microsoft announced to use of two-phase immersion cooling in a production environment in which servers are cooled by using boiling liquid.
Explore our data center knowledge base profile to know more about the industry.
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