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(IT-NEWSWIRE.COM, November 23, 2017 ) According to the new market research report "Airflow Management Market by Offerings (Component (Blanking Panels, Grommets, Containment, and Air Filled Kits), and Services), Cooling System (Chilled Water, Direct Expansion), Data Center Type, Industry, and Geography - Global Forecast to 2023", is projected to grow from USD 475.2 Million in 2017 to USD 807.3 Million by 2023, at a CAGR of 9.24% between 2017 and 2023. Increasing number of data centers worldwide and improving cooling efficiency and thermal management in data centers are driving the growth of the airflow management market.
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Containment component is expected to grow at the highest rate between 2017 and 2023
The market for containment is expected to grow at the highest CAGR between 2017 and 2023. Containment can prevent the mixing of hot air and cold air as well as eliminate hot spots and enhance energy savings in data centers. The benefits associated with data center containment solutions are anticipated to drive the growth of the containment market.
The BFSI industry is expected to grow at highest CAGR between 2017 and 2023
In the BFSI industry, banks, insurance companies, stockbrokers, and insurance companies are considered. The growing demand for cloud services and data storage in the banking sector has contributed to the increased adoption of airflow management solutions in the BFSI industry.
Airflow management market in APAC to grow at highest CAGR between 2017 and 2023
The airflow management market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The rising investments for technological advancements, growing data center infrastructure, and increasing focus on commercial and IT and telecom industries is expected to drive the market. Commercial, IT and telecom, and government and defense are the major industries driving the growth of the airflow management market in APAC.
Key players in the ecosystem of the airflow management market profiled in this report are Upsite Technologies (US), Kingspan Group (Ireland), Schneider Electric (France), Eaton Corporation (Ireland), Subzero Engineering (US), Polargy, Inc. (US), Geist (US), AdaptivCOOL (US), 42U (US), Data Clean Corporation (US), EDP Europe (UK), Triad Floors (US), Conteg (Czech Republic), Unitile (India), Halton Group (Finland), E Technologies (US), ProSource Technical Services (US), Critical Environments Group (US), 2bm Ltd. (England), and Tripp Lite (US).
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