Market Trends of Belgium Data Center Cooling Industry
BFSI to Hold Significant Share
- Belgium has seen a rise in the use of online and mobile banking. In Belgium, several traditional banks provide mobile banking, such as ING, Santander, and others.
- There are also mobile-only banks like N26, Bunq, Revolut, Monese, and Soldo. With increasing digital payment and transaction methods, the increase in network traffic will lead to a major demand for servers and equipment, leading to a demand for cooling solutions.
- The use of e-wallets is also growing rapidly and is expected to keep growing, particularly among the 89% of Belgians between the ages of 35 and 44 who use online banking.
- Belgian citizens will be able to use a mobile app to download digital wallets for official business during the course of 2023. As preferences increasingly shift toward digital alternatives, banking consumers may become more insistent about the adoption of data centers, leading to major adoption of cooling solutions.
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Evaporative Cooling to Hold Significant Growth
- In the ever-evolving landscape of data centers, efficient cooling solutions are crucial to maintain optimal performance and handle the increasing heat loads generated by modern IT equipment. Among the emerging technologies, evaporative cooling systems have gained significant traction in recent years.
- Evaporative cooling combines high thermal efficiency and cost-effectiveness by achieving low cooling temperatures with minimum energy and water usage. Most of the hyperscale facilities are adopting such a cooling method. Facilities such as BRU4 of Interxion under construction have high rack density and are expected to adopt such a cooling method.
- Of Google's six European data centers, Saint-Ghislain is the most water-intensive. It runs on an evaporative water cooling system and is the first of all Google centers to operate entirely without mechanical coolers. It is also the fourth most water-intensive of all the data giant's sites worldwide, largely because of it being one of Google's largest data centers. The Saint-Ghislain site consumes around one million cubic meters of water for its Saint-Ghislain data center. This is equivalent to the annual consumption of around 10,700 households in the region.
- With the rising demand for high-density computing applications, traditional cooling methods might be replaced by evaporative cooling units. The Belgian government is providing significant investments to develop its IT infrastructure. Incentives are available in the Flanders region for fields requiring a lot of research, such as ICT and cloud computing. Such aspects are expected to drive the demand for data storage and processing facilities, leading to cooling demand.
