Market Trends of Ireland Data Center Cooling Industry
IT and Telecommunication Segment Holds the Major Share
- Advancements in technology have propelled major enterprises in Ireland to adopt cloud solutions. An industry survey indicates that if the Irish public sector boosts its cloud adoption by 10%, it could reap economic rewards of EUR 473 million (USD 501.5 million) yearly. This potential benefit has made proximity to cloud service providers (CSPs) a pivotal consideration for businesses choosing local data centers. Consequently, Dublin has solidified its status as a cloud computing epicenter, attracting prominent cloud providers like Microsoft, Google, Amazon Web Services, and IBM.
- As digital marketing efforts increasingly leverage audiovisual content on social media and shopping platforms, online marketing is fueling the growth of this segment. In 2024, advertising expenditure in Ireland is projected to rise by approximately 4%, surpassing EUR 1.5 billion, underscoring the pivotal role of cloud technology in digital marketing. Such trends bolster the demand for data computing facilities within the cloud industry.
- The technology, media, and telecoms (TMT) industry accounts for approximately 13% of the Irish GDP. While telecom operators have historically faced challenges in constructing wireless networks nationwide, they are now making strides. Major infrastructure initiatives, such as the NBN, are in progress, targeting a nationwide rollout of fiber-based services offering speeds of at least 150 Mb/s in the near future. As these operators bolster their capacities through 5G deployments, they're also adapting their network strategies, emphasizing utilizing higher frequency spectrum bands.
- As urban populations expand and cloud services remain in high demand, the IT and Telecom sectors are projected to drive the data center market. This surge in demand is anticipated to significantly elevate the need for cooling infrastructure during the forecast period.
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Liquid-based Cooling is the Fastest-growing Segment
- Data centers are increasingly turning to liquid cooling as a preferred method for cooling high-performance computing environments. Liquid cooling has demonstrated superior energy efficiency compared to traditional air conditioning methods. By offering precise temperature control, liquid cooling minimizes the need for overcooling and enhances the overall energy efficiency of data centers.
- Thanks to technological advancements, data centers have slashed water consumption by over 15% in tropical climates and 80% in greener regions. This progress has made liquid cooling easier to maintain and more scalable and affordable. Furthermore, energy harnessed from liquid cooling can be repurposed to heat buildings and provide drinking water. Additionally, the use of advanced artificial refrigerants greatly diminishes air conditioning systems' carbon footprint.
- Liquid cooling leverages water and other liquids' compactness and superior heat transfer capabilities, achieving cooling efficiencies up to 3000 times greater than air for high-density racks. While liquid cooling has long been established in mainframe and gaming sectors, its adoption is now expanding to safeguard rack servers in regional data centers. A case in point: Ireland's largest university has enhanced its data center cooling with Schneider Electric's Uniflair InRow DX Cooling Solution, addressing challenges of reliability, scalability, and spatial limitations.
- Between 2021 and 2024, Ireland witnessed a significant evolution in its digital government services. The percentage of e-government users surged from over 60% to surpass 90% of internet users. The public service encompasses a wide array of government entities. The portal connects to more than 8,800 datasets sourced from roughly 100 publishers. To bolster businesses in their digital endeavors, the government has unveiled a new fund worth EUR 85 million (USD 100.3 million) to foster the development of innovative products, services, and processes. These advancements in the market are anticipated to heighten the demand for data centers, subsequently boosting the need for manufacturers of data center cooling infrastructure in the years ahead.
