Increasing volumes of data generated create the demand for data centers, and these centers consume a considerable amount of energy. In 2016, data centers consumed 416.2 terawatt-hours of life, accounting for 3% of global energy consumption and nearly 40% more than the entire United Kingdom. This consumption is expected to double every four years.
It is estimated that the Chinese data centers consume around 1.5% of China’s energy, and the data centers in the United States consume almost 2% of total energy in the United States. The number of data centers is expected to grow further in the coming years. Moreover, traditional data centers are highly inefficient. Their cooling systems consume around 39% of the total power, as most of the world's data centers are still relying on traditional cooling solutions.
The energy consumption in data centers has been increasing with the growth in cloud computing technology. Thus, there has been a rising interest in the environmental performance of data centers. Hence, companies have started managing this concern on their premises. Companies are also unsure of whether their cooling systems, which are currently in use, can sustain the future server load or not. This makes infrastructural changes frequent, and the companies willing to invest much in cooling systems. For instance, Novo Nordisk, a multinational pharmaceutical company, achieved an annual saving of almost 5 million kWh by installing four new cooling towers to its existing cooling tower system and optimizing its insulin production in Kalundborg, Denmark.
COVID-19 pandemic has shut-down the production of various products in the evaporative cooling market industry, mainly due to prolonged lockdown in major global countries. This has hampered the growth of the evaporative cooling market significantly from the last few months, as is likely to continue till the end of 2020. The COVID-19 pandemic has impacted the evaporative cooling market negatively, resulting in a minor drop in market growth from the year 2019 to 2020 (estimated).
COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to harm the market growth till the end of the year 2020
The primary demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is badly affected by coronavirus spread, thereby halting the demand for equipment machinery.
Further, the lockdown's potential impact is currently vague, and companies' financial recovery is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans. Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19.
In response to the coronavirus, Munters has moved quickly to focus efforts at global and local levels to stay current with all government mandates and policies as they evolve. The outbreak of Covid-19 impacted Munters in the first quarter. Demand was robust in January and February, except in China, affected by the explosion in February. In March, demand was negatively impacted by the outbreak in Europe and the Americas. In China, the market recovered somewhat in mid-March. Order intake declined -5% (currency-adjusted -8%), mainly driven by a decline in the industrial segment within business areas AirTech. Business area FoodTech increased 3%, with a flat organic development. In Asia, FoodTechs’ order intake increased as investments in production capacity in China's swine segment increased. Net sales declined by -3% (currency-adjusted -7%), mainly driven by lower demand in the industrial segment in all regions in the business area AirTech. Business area FoodTech had a weak development in Americas and APAC and a flat development in EMEA
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