Enclosure Air Conditioner Market is Expected to Grow with a CAGR of 4.3% During the Forecast Period of 2017 – 2025, Says Esticast Research and Consulting
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As per the Report “Enclosure Air Conditioner Market By Type ( Wall-Mounted Type, Floor-Mounted Type, Roof-Mounted Type ), By Application ( Commercial, Industrial, Data center, Telecom ), Industry Trends, Estimation & Forecast, 2017-2025″
In 2017, the industrial enclosure air conditioner segment generated the highest revenue share of the global enclosure air conditioner market. Among major regions, North America was the highest revenue generating market in 2016.
“The increasing concerns of the IT and telecom companies regarding losses of both, hard ware and important data files, is a major driving factor which is leading them to install enclosure air conditioning within their crucial electronic units”
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In the current scenario, the requirement for advanced and highly complex automation and robotic systems has dramatically increased the demand for state of the art electronic control systems within various industry verticals. Today, automated manufacturing systems run applications that need high computational power. These systems produce significantly higher levels of heat and hence, are more sensitive to harsh environmental impacts. The market for industrial enclosure air conditioners held nearly 4/7th of the global market in 2017. However, the market for datacenter enclosure air conditioners is expected to grow with the highest CAGR of 5% during the forecast period of 2018-2025.
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Wall mounted enclosure air conditioners are expected to exhibit the highest growth rate during the forecast period
Wall-mount Air Conditioned Enclosures are the most adopted enclosures, especially in every IT and Telecom Industry. These are designed to safely enclose and cool the electrical controls, instruments, terminals, telecommunications equipment, surveillance devices, laser and optical equipment and other electronics in a variety of environments including wet locations, outdoors and dedicated data rooms. The cooler ambient temperature and cleaner air flow and least occupancy of space are the major advantages of using these enclosure air conditioners. The very segment held more than ½ of the global enclosure air conditioner market in 2017.
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Persistent growth of IT and telecom industry in countries such as India has fueled the demand for enclosure air conditioners in Asia-Pacific
A rapid hike in the market growth is expected to be exhibited by the APAC region in the near future, as a result of continuously growing telecom & communication industry. Countries such as India, Hong Kong and Singapore are expected to emerge out as the leading data center hubs of the future as a result of constant expansion of big data industry. However, in the current scenario, regions such as North America and Europe are the major markets for the enclosure air conditioner market owing to the presence a highly advanced IT and telecom infrastructure. Moreover, as bandwidth and power demands are increasing, the electrical component densities in telecom equipment, such as transmitters and receivers, are also increasing at similar rates, which in return will support the demand trend for enclosure air conditioners.
Key Findings of Global Enclosure Air Conditioner Market, 2017-2025
• North America held the largest market share of nearly 2/5th of the global enclosure air conditioner market in 2017
• Europe enclosure air conditioner market to exhibit a CAGR of 4.7% during the forecast period of 2018-2025.
• Wall mounted enclosure air conditioner segment will exhibit the highest CAGR of 4.56% during the forecast period.
Product launch and technological enhancement have emerged out as the major strategies to expand market base and maintain their position. EIC Solutions, Ice Qube, Thermal Edge, Kooltronic, Schneider Electric, Hoffman, Rittal, Seifert Systems, Pfannenberg, and ThermoElectric are some of the major companies of the enclosure air conditioner market.