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Omdia research predicts data center cooling market to reach $16.87 billion in 2028

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LONDON, June 18, 2024 /PRNewswire/ — In a groundbreaking development, the data center thermal management market has surged to a staggering $7.67bn, outpacing previous forecasts according to new research from Omdia. This unprecedented growth is poised to continue with a robust CAGR of 18.4% until 2028. This surge will largely be fueled by AI-driven demands and innovations in high-density infrastructure marking a pivotal moment for the industry.

As AI computing becomes ubiquitous, the demand for liquid cooling has surged dramatically. Key trends include the rapid adoption of Rear Door Heat Exchangers (RDHx) combined with 1-P direct-to-chip cooling, achieving an impressive 65% year-over-year growth, frequently integrating heat reuse applications. This period also sees a strategic blend of air and liquid cooling technologies, creating a balanced and efficient thermal management.

Omdia’s Principal Analyst, Shen Wang: “In 2023, the global data center cooling market experienced increased consolidation, Top5 and Top10 concentration ratios rising by 5% from the previous year. Omdia expanded vendor coverage in its report to include 49 companies, up from 40, adding Chinese OEMs and direct liquid cooling component suppliers. Vertiv, Johnson Controls, and Stulz retained their top three positions, with Vertiv notably gained 6% market share, due to strong North American demand and cloud partnerships.”

Market growth for data center cooling was primarily constrained by production capacity, particularly for components like Cooling Distribution Units (CDUs), rather than a lack of demand. Numerous supply chain players struggled to satisfy the soaring market needs, causing component shortages. However, improvements forecasted for 2024 are expected to alleviate this issue, unlocking orders delayed from the previous year due to supply chain bottlenecks. During this time, liquid cooling adoption witnessed robust growth, particularly in North America and China, with new vendors entering the scene and tracked companies exhibiting significant expansion. In this near $1bn market of liquid cooling, direct-to-chip vendor CoolIT remain the top leader in liquid cooling market, followed by immersion cooling leader Sugon and server vendor Lenovo.

The data center thermal management is advancing due to AI’s growing influence and sustainability requirements. Despite strong growth prospects, the industry faces challenges with supply chain constraints in liquid cooling and embracing sustainable practices. Moving forward, the integration of AI-optimized cooling systems, strategic vendor partnerships, and a continued push for energy-efficient and environmentally friendly solutions will shape the industry’s evolution. Successfully addressing these challenges will ensure growth and establish thermal management as a cornerstone of sustainable and efficient data center operations, aligning technology with environmental stewardship.

“Data center cooling is projected to be a $16.8bn market by 2028, fueled by digitalization, high power capacity demand, and a shift towards eco-friendly infrastructure, with liquid cooling emerging as the biggest technology in the sector,” concludes Wang.

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.  

Fasiha Khan Fasiha.khan@omdia.com

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PROMISE Technology@Intersec Dubai 2025: AI-Driven Plugins & Storage Setups

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Highlights: streamlining AI video analytics, extensive VMS plugin ecosystem, and full compatibility across operating systems

DUBAI, UAE and HSINCHU, Jan. 13, 2025 /PRNewswire/ — PROMISE Technology, a leader in streaming data and surveillance storage solutions, is announcing several specialized solutions for security will be on display at the upcoming Intersec Dubai 2025 conference (Jan. 14-16, Booth SA-H15).

For a consultation and customized proposal, please contact PROMISE storage and integration experts: sales@mea.promise.com

Alice Chang, Chief Marketing Officer of PROMISE Technology, commented: “With over a decade of investing in the security industry, PROMISE storage is best for the most advanced AI surveillance applications, and we are pleased to be back at Intersec Dubai pushing the sector forward. This year, we will demonstrate how PROMISE storage optimizes AI applications and how our ecosystem of plugins seamlessly synchronize with video management systems.”

Leading innovation for top performance and seamless integration

The key value PROMISE brings security customers comes from industry-specific expertise and innovation, powered by the company’s leading-edge proprietary storage technologies — PromiseRAID and SmartBoost Technology.

In addition, PROMISE leads the way in the security industry by offering a wide variety of video management (VMS) plugins and partnering with key VMS providers, including Milestone, Network Optix and Digifort.

AI at the core, data secured by PROMISE

PROMISE’s surveillance storage ensures optimal performance, seamless analytics, and unmatched reliability with AI.

To showcase its latest capabilities, PROMISE will hold three demos:

Running AI facial recognition software on PROMISE storage New plugin for seamless synchronization between VMS and storageFull platform compatibility

VTrak J5960 with Green DNA

The company will also display the VTrak J5960 Green JBOD, featuring a PetaByte Grade Storage System powered by PROMISE and Toshiba. This offers expanded compatibility and flexibility with multiple server hosts to help consolidate and centralize hardware.

Visit Booth SA-H15 at Intersec Dubai 2025 to experience these demos.

About PROMISE Technology:

PROMISE Technology is a recognized global leader in streaming data storage with more than 30 years of experience. Powered by its proprietary PromiseRAID and Boost Family of technologies, the brand’s innovative solutions are tailored to the Surveillance, Rich Media, Cloud and IT markets’ unique needs. PROMISE’s highly experienced sales and engineering teams are strategically located throughout the Americas, EMEA, JAPAC, and China regions to provide unparalleled services and support to its customers around the globe.

For more information, please visit: https://www.promise.com/

Media Contact:
pr@promise.com

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Djibouti Ports Corridor Road, RapidCanvas, and 4C Solution Partner to Revolutionize Road Infrastructure with AI

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DJIBOUTI CITY, Djibouti , Jan. 13, 2025 /PRNewswire/ — Djibouti Ports Corridor Road SA (DPCR SA), RapidCanvas, and 4C Solution have launched the DPCR CorridorVision AI project to transform road infrastructure management using cutting-edge artificial intelligence. This initiative supports Djibouti’s National Vision 2035, aiming to establish the country as a vital logistics hub for East Africa and strengthen its role in regional trade.

The DPCR CorridorVision AI project uses the RapidCanvas AI platform to monitor road conditions and detect issues like cracks and potholes in real time, enabling faster maintenance and optimized resource allocation. By adopting a proactive approach, the project ensures safer, more durable routes connecting Djibouti with neighboring countries like Ethiopia, enhancing regional trade and economic stability.

“Partnering on this project represents a significant milestone in our mission to use AI to address infrastructure challenges,” said Rahul Pangam, CEO of RapidCanvas. “We aim to empower the teams tackling real-world problems like road infrastructure, delivering technology that enhances efficiency and supports sustainable growth.”

Mr. Abdi Ibrahim, CEO of DPCR SA, emphasized, “DPCR CorridorVision AI empowers us with proactive detection, enabling swift, efficient, and cost-effective maintenance responses. This capability secures safer, more resilient corridors that underpin Djibouti’s economic connectivity and ensures the uninterrupted flow of goods.”

4C Solution, as a key digital transformation partner, plays a crucial role in this project. “Partnering with RapidCanvas, we aim to help more African companies access AI, fostering digital transformation and innovation at scale,” stated Mr. Moumin Saleh, CEO of 4C Solution. “Our involvement in DPCR CorridorVision AI demonstrates our commitment to improving efficiency across the region.”

Aligned with Vision 2035, this initiative focuses on modernizing infrastructure and strengthening regional connectivity. By employing an AI-driven approach, it streamlines road maintenance and fortifies Djibouti’s economic resilience by ensuring dependable transportation links that support trade and regional integration.

About RapidCanvas

RapidCanvas is an AI platform that combines the precision and automation of AI agents with the deep domain knowledge of human experts to deliver reliable and measurable business outcomes. With RapidCanvas, enterprises create custom, high-performance, production-grade AI solutions 10X faster at 80% lower cost compared to traditional custom solutions.

RapidCanvas is recognized as a top 5 Data Science and Machine Learning platform by independent research firm G2 for customer satisfaction. RapidCanvas works with industry leaders in manufacturing, retail, and financial services to unlock the full potential of AI.

Visit www.rapidcanvas.ai for more information.

About DPCR SA

Founded in 2017, DPCR SA manages vital road networks linking Djibouti’s ports to neighboring countries, reinforcing the nation’s role as a regional logistics hub. Learn more at www.dpcr.dj

About 4C Solution

4C Solution is a leading East African digital transformation partner specializing in AI technologies to enhance efficiency in sectors like Ports, Transportation, and Supply Chain. As the African partner for RapidCanvas, 4C Solution is instrumental in delivering innovative digital solutions to support regional growth. Learn more at https://www.4csolution.com/

Contact :  Vinay Chaganti, vinay@rapidcanvas.ai 

Video – https://www.youtube.com/watch?v=2NCUYvGJhGU
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L’Oréal Hong Kong Wins Prestigious Gold Award at the Hong Kong Awards for Environmental Excellence

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Company Recognised for Outstanding Sustainability Achievements in the “Shops and Retailers” Sector

HONG KONG, Jan. 13, 2025 /PRNewswire/ — L’Oréal Hong Kong received the Gold Award in the “Shops and Retailers” sector at the annual Hong Kong Awards for Environmental Excellence (HKAEE). This esteemed award, organised by the Hong Kong Environmental Campaign Committee in collaboration with the Environment and Ecology Bureau and major chambers of commerce, highlights the company’s exceptional achievements in sustainability under its “L’Oréal For the Future” commitment.

As the beauty market leader in Hong Kong, L’Oréal has been accelerating sustainable transformation across its entire value chain, from product innovation, sourcing, transportation to retail and consumption.

Eva Yu, President and Managing Director of L’Oréal Hong Kong, expressed her gratitude for the recognition, “We are deeply honoured to receive the Gold Award at the Hong Kong Awards for Environmental Excellence. This is a testament to our unwavering commitment to sustainability. As the market leader, it is our responsibility to not only provide the best in beauty, but also lead in meaningful actions to protect the environment and contribute to the community we serve.”

The assessment of HKAEE award covered stringent criteria from green leadership, sustainability programs and performance, to partnerships. L’Oréal Hong Kong was recognised for the following sustainability achievements in the past year:

Green Office: L’Oréal Hong Kong’s office is LEED Platinum certified, uses 100% renewable energy, and has been reducing energy consumption year on year with different energy efficiency features.

Green Operations: All local packaging of L’Oréal products is plastic-free and all disposals from warehouse are recycled. The company also aims to minimise CO2 emissions in transportation by using sea and rail shipment as well as electric vehicle in local transport.

Green Retail: 100% of new stores under L’Oréal Hong Kong are eco-designed. The stores use sustainably sourced and certified materials, as well as reusable and recyclable materials.

Green Consumption: Through joint efforts by L’Oréal Hong Kong’s 17 brands, and its partnership with Watsons stores across the city, over 600,000 empty beauty bottles have already been collected from consumers for recycling. To further reduce packaging waste, the company is introducing more refillable beauty products to the Hong Kong market. Refillable products use less packaging, thus providing more sustainable options for environmentally conscious consumers.

L’Oréal Hong Kong continues to lead the beauty industry in sustainability efforts, proving that environmental responsibility and business success can go hand in hand.

For high-res photos, please see it here.

About L’Oréal

For 115 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as essential, inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality. With more than 90,000 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, branded and travel retail), in 2023 the Group generated sales amounting to 41.18 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 Digital talents, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse. More information on https://www.loreal.com/en/mediaroom

About L’Oréal For the Future

“L’Oréal For the Future” is L’Oréal’s global sustainability programme that outlines the company’s vision and commitments for 2030. The initiative focuses on transforming L’Oréal’s operations to respect planetary boundaries by addressing key environmental challenges. Commitments include achieving 100% renewable energy for all operated sites by 2025, ensuring that by 2030 all water used in industrial processes will be recycled and reused, and that 100% of biobased ingredients for formulas and packaging materials will be traceable and sourced sustainably, with none linked to deforestation. L’Oréal also aims to reduce greenhouse gas emissions across all scopes by 50% per finished product by 2030.

For more information on “L’Oréal For the Future,” please visit: www.loreal.com/en/commitments-and-responsibilities/for-the-planet/    

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SOURCE L’Oréal Hong Kong

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