Data center cooling market set to explode in the coming years

The worldwide market for data center cooling equipment will reach $20 billion by 2024, a massive jump over the $8 billion spent in 2016. That is the finding of a report from Global Market Insights (GMI), which says cooling systems account for approximately 40 percent of the total energy consumption on average. Data center operators have been obsessed with lowering their PUE, or power usage effectiveness, the ratio of power consumed by the hardware to power consumed to cool it….