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Southeast Asia Data Center Cooling Market to Grow by USD 563.7 Million (2024-2028) as Mini Data Centers Adoption Rises, with AI Powering Market Evolution- Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Data Center Cooling Market in southeast asia size is estimated to grow by USD 563.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.78% during the forecast period. rising adoption of mini data centers is driving market growth, with a trend towards increasing adoption of DCIM solutions. However, rise in different operational regulations poses a challenge – Key market players include 3M Co., AIRSYS Refrigeration Engineering Technology Co. Ltd., Alfa Laval AB, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Daikin Industries Ltd., Dell Technologies Inc., Emerson Electric Co., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., NEC Corp., Nortek, Oracle Corp., Quanta Computer Inc., Schneider Electric SE, Vertiv Holdings Co., and Wiwynn Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Data Center Cooling Market In Southeast Asia Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.78%

Market growth 2024-2028

USD 563.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.24

Regional analysis

Southeast Asia

Performing market contribution

Southeast Asia at 100%

Key countries

Singapore, Malaysia, Indonesia, Thailand, and Rest of Southeast Asia

Key companies profiled

3M Co., AIRSYS Refrigeration Engineering Technology Co. Ltd., Alfa Laval AB, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Daikin Industries Ltd., Dell Technologies Inc., Emerson Electric Co., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., Mitsubishi Electric Corp., Modine Manufacturing Co., NEC Corp., Nortek, Oracle Corp., Quanta Computer Inc., Schneider Electric SE, Vertiv Holdings Co., and Wiwynn Corp.

Market Driver

Data Center Infrastructure Management (DCIM) plays a crucial role in optimizing cooling systems in data centers through remote software. Vendors are prioritizing DCIM solutions due to their ability to monitor and manage temperatures efficiently. DCIM adoption offers significant benefits, such as reducing power consumption by over 20% and increasing cooling efficiency by approximately 40%. The return on investment (ROI) is typically achieved within 12-24 months, as DCIM eliminates human errors. Schneider Electric, a leading vendor, provides StruxureWare DCIM and EcoStruxure IT, offering complete visibility into cooling systems and server statuses. The growing demand for efficient systems and DCIM solutions will fuel the expansion of the data center cooling market in Southeast Asia. 

The Data Center Cooling Market in Southeast Asia is witnessing significant growth due to increasing data center operations and the data generation from OTT platforms, streaming services, and cloud services. High energy consumption and heat generation are major challenges in data centers, leading to the adoption of innovative cooling solutions like pre-engineered cooling modules with precision cooling capabilities. These modules offer scalability for high-density computing and energy efficiency, reducing both operational costs and carbon emissions. Amidst the pandemic, there is a growing focus on environmental sustainability and safety measures in data center infrastructure. Manufacturers are investing in specialized infrastructure and technology to address cooling issues and ensure flexibility, security, and regional opportunities. The market is segmented into components, solutions, and services. High investment costs and the need for energy-efficient data centers are driving the demand for energy-saving components and solutions. The latest trends include the use of carbon-neutral cooling systems and the integration of AI and IoT for predictive maintenance and optimization. 

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Market Challenges

In Southeast Asia’s data center cooling market, meeting construction schedules and contractual requirements is a significant challenge. Delays often exceed projected costs, and factors such as governmental inaction, public opposition, financing difficulties, weather conditions, unavailable materials, changing project scopes, labor disruptions, industrial accidents, and environmental hazards can further complicate matters. Obtaining clearances and adhering to regulatory requirements also pose challenges, leading to delays and damage to vendors’ reputations. These issues can result in lost deals and contracts for cooling systems, servers, and network equipment, thereby hindering market growth in Southeast Asia during the forecast period.The Data Center Cooling Market in Southeast Asia faces challenges due to the increasing demand for energy-efficient data centers, driven by data generation from OTT platforms, streaming services, and IT infrastructure. Power consumption and heat generation are major concerns, requiring advanced cooling equipment. The pandemic has accelerated digital transformation, leading to higher data volumes and the need for specialized infrastructure. High investment costs and cooling issues are barriers, but opportunities exist in sectors like healthcare, manufacturing, and cloud services. Carbon emissions and safety measures are key concerns, making technology advancements essential. Latest trends include scalability, security, flexibility, and regional opportunities. The market includes components like air conditioners, precision air conditioners, and services like installation & deployment, maintenance, and various cooling methods such as non-raised floor, raised floor, containment, IT & telecom, energy, and rack-based, row-based, and room-based cooling for data-intensive applications and cloud computing.

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Segment Overview 

This data center cooling market in southeast asia report extensively covers market segmentation by

Type 1.1 Room cooling1.2 Rack and row coolingTechnology 2.1 Liquid-based cooling2.2 Air-based coolingComponent 3.1 Air conditioners3.2 Economizers3.3 Cooling towers3.4 Chillers3.5 OthersGeography 4.1 Southeast Asia

1.1 Room cooling- In the data center cooling market of Southeast Asia, room cooling solutions are gaining popularity due to their effectiveness in maintaining a consistent temperature within data centers. These solutions utilize CRAH units that work in tandem with sensors to monitor headload and distribute chilled air through ducts and vents. Vendors like Vertiv offer small room cooling systems, ideal for small-to-medium data centers, with cooling capacities ranging from 1.5-11 tons (5.3-40 kW). The growth of data centers in Southeast Asia’s arid climate environment fuels the demand for these systems. By providing efficient air distribution through raised floors, these solutions ensure a continuous supply of cool air, contributing to the moderate growth of the room cooling segment in the region’s data center cooling market.

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Research Analysis

The Data Center Cooling Market in Southeast Asia is experiencing significant growth due to the increasing demand for energy-efficient data centers to support the data generation from OTT platforms, streaming services, and cloud services. With the proliferation of big data, connected devices, and IT infrastructure, specialized infrastructure is becoming essential to manage the heat generated by these systems. However, high investment costs and cooling issues are major challenges. The market is witnessing the adoption of the latest trends, such as technology advancements in cooling equipment and carbon emissions reduction through renewable energy sources. Safety measures are also a priority, with manufacturers focusing on developing solutions that minimize the risk of fires and other safety hazards. The market is segmented into component and solution segments, with the solution segment expected to dominate due to the growing demand for integrated cooling solutions. The services segment is also gaining traction as companies seek expert assistance in designing and implementing cooling systems.

Market Research Overview

The Data Center Cooling Market in Southeast Asia is witnessing significant growth due to the data generation from OTT platforms, streaming services, and the increasing adoption of cloud services, big data, and connected devices. Energy-efficient data centers are becoming a priority to reduce power consumption and heat generation. Cooling equipment is a crucial component of IT infrastructure, with air conditioners, precision air conditioners, and specialized infrastructure solutions being popular choices. The pandemic has accelerated digital transformation, leading to high investment costs and cooling issues. Carbon emissions and safety measures are also key concerns. Technology advancements include pre-engineered cooling modules, precision cooling capabilities, and scalable designs for high-density computing. The market includes solution segments like installation & deployment, maintenance services, and various cooling techniques such as non-raised floor, raised floor, containment, IT & telecom, energy, rack-based cooling, row-based cooling, and room-based cooling. Data-intensive applications like cloud computing, digital services, and environmental sustainability are driving opportunities in the region. Innovative solutions like pre-engineered cooling modules and flexible designs offer scalability and security. The latest trends include energy consumption reduction, high-density computing, and the integration of renewable energy sources.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeRoom CoolingRack And Row CoolingTechnologyLiquid-based CoolingAir-based CoolingComponentAir ConditionersEconomizersCooling TowersChillersOthersGeographySoutheast Asia

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Massive Gaming, Neowiz, and Kangwon Land Launched ‘Shen Shou Wan fu’ Slot Machine Offline

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‘Shen Shou Wan fu’ is an online slot game that features three powerful guardians, symbolizing immense wealth

Now available as physical slot machines in offline casinos through a collaboration with Kangwon Land

MVG plans to expand distribution with exclusive B2B rights to online channels for slot games

SYDNEY, Jan. 16, 2025 /PRNewswire/ — Massive Gaming(“MVG”) announced that it has launched the ‘Shen Shou Wan fu (神兽万福)’ slot game, co-developed with Neowiz, MVG’s parent company, and Kangwon Land, which hosts the only casino in South Korea open to locals. The game is now available in offline venues as slot machines.

‘Shen Shou Wan fu’ is an online slot game featuring motifs of the Golden Dragon (JIN LONG), Phoenix (FENGHUANG), and Haetae (XIEZHI), which symbolize luck and prosperity.

The slot machine debuted in offline casino venues. Key personnel from MVG and Neowiz worked closely on the art resources and software design of ‘Shen Shou Wan fu’, ensuring a seamless integration of creative and technical expertise. Kangwon Land managed the slot machine’s hardware design and manufacturing. This launch marks the first commercialization of software-based products through public-private collaboration in South Korea’s casino market.

After successfully establishing ‘Shen Shou Wan fu’ in the Korean market, MVG is ready to leverage this success for aggressive global sales. Holding exclusive rights to the slot game, MVG plans to expand its presence in the regulated gaming market by targeting key regions with strategic marketing and distribution.

A representative stated, “We are pleased to showcase our slot game in offline casinos with Kangwon Land,” adding plans to introduce diverse content for global markets.

Massive Gaming(MVG), a prominent B2B iGaming content provider and a subsidiary of Neowiz (KOSDAQ:095660), offers a diverse range of slot, table, and crash games, as well as an advanced Casino Management System and Live Streaming Services. With brands like Whale House, known for its unique slot games, and Blitzcrown, focused on non-traditional gaming experiences, MVG leads in innovative gaming solutions. Committed to high-quality service and technological excellence, MVG continues to expand its global presence. Learn more at: https://massivegaming.io/

 

 

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SOURCE Massive Gaming Pty. Ltd.

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LG Display Unveils 4th-Generation OLED Panel Optimized for AI Era

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SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, continues to lead the way in large-sized OLED technology by unveiling its fourth-generation OLED TV panel. 33% brighter than the previous generation and optimized for the AI TV era, it is the industry’s first-ever OLED display to achieve a maximum brightness as high as 4,000 nits (1 nit is the brightness produced by a candle).

Panels with both high brightness and energy efficiency are essential for AI TVs, as they use upscaling that analyzes content in real time to deliver ultra-high picture quality of up to 8K. The industry also considers higher brightness to be a key picture quality factor because it enables more vivid images that are akin to natural human vision.

LG Display’s fourth-generation OLED TV panel meets the performance demands of the most advanced AI TVs, interacting in real-time with the TV’s on-device AI to deliver the perfect picture in any environment.   

The new panel’s innovation centers on a Primary RGB Tandem structure, which is LG Display’s proprietary technology that uses independent stacks of RGB elements to produce light. It had previously used a three-stack light source, with two layers of blue elements emitting relatively short energy wavelengths alongside red, green, and yellow elements in a single layer.

The Primary RGB Tandem structure applied to the fourth-generation OLED TV panel organizes the light source into four stacks by adding two layers of blue elements and independent layers of red and green elements. It improves maximum brightness by increasing the amount of light produced by each layer compared to the previous structure.

As well as increasing maximum brightness, LG Display has raised the latest OLED panel generation’s color brightness. Color purity is enhanced by separating the red, green, and blue elements – the three primary colors of light – into distinct layers, resulting in a color brightness of 2,100 nits, a 40% improvement over the previous generation (1,500 nits).

In addition, energy efficiency has been maximized in line with the significantly higher expected power consumption of AI TVs. By enhancing the fourth-generation OLED TV panel’s structure and power supply system, LG Display has reduced its temperature and achieved around 20% greater energy efficiency than the previous generation (in the case of a 65-inch panel).

It also delivers a customer experience that pushes the limits of display with stunning picture quality featuring perfect blacks and rich colors in any environment.

In general, a display’s color reproduction is affected by external light. As the screen reflects ambient light in a bright room, black may appear gray or overlapping reflections of nearby objects might disrupt the viewing experience. For example, while watching content featuring a night sky in a living room in the middle of the day, any sense of immersion would be broken if the sky appears foggy or if reflected furniture overlaps on the screen.

To solve this customer inconvenience, LG Display has developed a special film that offsets both light reflected from the display’s surface and light absorbed and reflected inside the panel. With the advantage of this ultra-low reflection technology, the company’s fourth-generation OLED TV panel blocks 99% of internal and external light reflections, realizing perfect black just like in a movie theater with the lights off even in a midday living room setting (500 lux).

A display’s color gamut and accuracy also decrease dramatically as the viewing environment gets brighter. However, this TV panel sees virtually no change in color gamut and offers 100% color accuracy at 500 lux. It is therefore the only display to overcome the viewing environment limitations of conventional displays.

Meanwhile, the fourth-generation OLED TV panel provides differentiated customer value through human-friendly technologies, such as by emitting only 45% blue light compared with the 70-80% level that would typically be produced by an LCD screen. Blue light is known to negatively affect users’ vision and circadian rhythms.

It additionally stands out as a sustainable display by adopting eco-friendly methods in the entire product life cycle from development to mass production, including using more than 90% fewer plastic raw materials than LCDs and improving the recycling rate of end-of-life product parts to over 92.7%.

LG Display will apply its fourth-generation OLED TV panel to its top-of-the-line mass-produced lineup this year to consolidate its dominance in the premium TV market.

The company then plans to gradually apply its Primary RGB Tandem technology to its Gaming OLED lineup, targeting the high-end gaming market with a diverse range of panels. This already includes the world’s fastest monitor panel equipped with the industry’s highest response speed and refresh rate, which are important specifications for gaming monitors, as well as bendable panels that adjust their curvature according to the gaming content.

“The fourth-generation OLED panel is the essence of innovation that exceeds the limits of existing displays by applying LG Display’s unique technologies such as Primary RGB Tandem and ultra-low reflection technology,” said Hyeon-woo Lee, Senior Vice President and Head of the Large Display Business Unit at LG Display. He added, “We will provide an unprecedented customer experience along with superior picture quality and user-friendly technology while strengthening our OLED technology leadership.”

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com

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SOURCE LG Display

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Agoda: Tokyo crowned top international destination for welcoming ‘The Year of the Snake’

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SINGAPORE, Jan. 16, 2025 /PRNewswire/ — As the Lunar New Year approaches, digital travel platform Agoda reveals the top 10 most sought-after cities in Asia to celebrate the start of ‘The Year of the Snake’. Japanese cities emerged as tourist favorites for the holiday period with Tokyo taking the top spot.

Tokyo is followed by Bangkok (Thailand), Osaka (Japan), Fukuoka (Japan), and Seoul (South Korea) rounding out the top five based on accommodation search data on Agoda. The list continues with Hong Kong, Sapporo (Japan), Singapore, Phuket (Thailand), and Hat Yai (Thailand) completing the top ten.

Asian travelers are drawn to celebrate the Lunar New Year in metropolitan hubs such as Tokyo, Bangkok, and Seoul. These cities offer an exciting array of festivities and cultural experiences, making them attractive destinations for a festive getaway. The rankings also reveal that travelers seeking international destinations enjoy a mix of climates, from the cooler weather in Osaka and Sapporo to the warmer temperatures in Phuket and Hat Yai.

Hiroto Ooka, Associate Vice President North Asia at Agoda shared, “The Lunar New Year is a special time for travelers, and it’s exciting to see Japanese cities like Tokyo and Osaka being such sought-after destinations during the holiday. Agoda is thrilled to be part of this journey, helping travelers welcome a prosperous ‘Year of the Snake’ and celebrate in style with great deals on flights, accommodations and activities.”

The Lunar New Year holiday marks new beginnings and the arrival of Spring, making it a popular travel period as people look to reunite with family and friends. ‘The Year of the Snake’ symbolizes rebirth and transformation and is said to present an auspicious opportunity for embracing self-discovery and exploring new horizons. Known for their association with good fortune, snakes inspire travelers to shed the old and welcome the new — whether by rediscovering familiar places or venturing abroad during this festive season. 

As travelers prepare for their Lunar New Year holidays, Agoda offers exceptional deals on over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities available on the platform. Travelers can find the latest deals on the Agoda app or at agoda.com/deals.

–ENDS–

 

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SOURCE Agoda

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