Data Center Cooling Market size was valued at USD 14.9 Bn in 2023 and is expected to reach USD 36.9 Bn by 2032, at a CAGR of 10.6%.
Pune, 20, June 2024: The Data Center Cooling Market The growing demand for computing capacity has complicated data center operations, making traditional CRAC units insufficient. Nearly 80% of server racks are poorly cooled, causing downtime issues. Rear door heat exchangers (RDHX) can address this by fitting heat exchangers on server rack rear doors, absorbing and dissipating heat efficiently. RDHX systems are suitable for both new and existing data centers, enhancing cooling without complex air distribution. As server components generate more heat, the demand for advanced cooling solutions is driving the data center cooling market.
The rise in data storage demand has led to significant expansions in data center infrastructure to accommodate vast and constantly increasing data volumes. This surge in data centers has escalated global energy consumption and heat production. Consequently, there is a pressing need for energy-efficient cooling solutions to conserve resources. Industry 4.0 and technological advancements have revolutionized business operations, particularly in infrastructure spending and IoT. Integrating advanced cooling services in data centers promises to optimize power usage, thereby boosting efficiency and reducing operational costs.
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Data Center Cooling Market Regional Insights
North America leads globally in data center cooling, projected to grow at 10% annually. The Asia Pacific market is set to surge to 94% by year-end, driven by major colocation providers like Equinix and AT&T, especially in the United States and Canada. Northern Virginia's robust data center adoption and cloud user growth will further boost this sector. Canada is also witnessing increased reliance on colocation and cloud services. The United States, a leader in data system utilization, continues substantial investments in data centers. Google's plan to invest up to USD 750 million in Nebraska highlights ongoing growth and local economic benefits from digital infrastructure expansion.
Data Center Cooling Market Segment Analysis
By Product
- Air Conditioners
- Precision Air Conditioners
- Liquid Cooling
- Air Handling Unit
- Others (Air Economizers, Heat Rejection, Chillers)
The product types, include air conditioners, precision air conditioners, liquid cooling, air handling units, and other products. The liquid cooling segment is poised to experience a higher compound annual growth rate (CAGR) in the coming years, driven by its advantages in specific applications. For instance, it provides robust server protection in edge data centers and efficiently dissipates heat, making it ideal for blockchain, AI, and IoT applications. Liquid cooling systems offer increased capacity, cost-effectiveness, and environmental benefits. Major organizations like Meta are adopting advanced liquid cooling techniques to optimize AI-focused data center designs, reflecting a broader trend towards liquid cooling adoption in data centers over traditional air conditioning systems.
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By Data Center Type
- Large Scale
- Medium Scale
- Small Scale
By Cooling Technique
- Room-based Cooling
- Rack-based Cooling
- Row-based Cooling
By Industry
- BFSI
- IT and Telecom
- Manufacturing
- Retail
- Healthcare
- Energy and Utilities
- Others
GLOBAL DATA CENTER COOLING MARKET BY REGION
- NORTH AMERICA
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- ASIA PACIFIC
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Brazil
- Argentina
- Rest of South America
Data Center Cooling Key Competitors include:
- Asetek, Inc. (U.S.)
- Rittal GmbH & Co. KG (Germany)
- Schneider Electric (France)
- Coolcentric (U.S.)
- Vertiv Group Corp. (U.S.)
- STULZ GMBH (Germany)
- Hitachi, Ltd. (Japan), and other major players.
Key questions answered in the Data Center Cooling Market report are:
- Which market segment dominated the global Data Center Cooling market in 2023?
- What are the current global trends in the Data Center Cooling market?
- What future industry applications and trends are emerging in the Data Center Cooling market?
- What growth strategies are companies adopting to expand their presence in the Data Center Cooling market?
- Who are the leading companies in the Data Center Cooling market, and what are their product portfolios?
- What are the primary challenges that the Data Center Cooling market may face in the future?
- Which region had the largest share of the Data Center Cooling market in 2023?
- How is the regulatory environment influencing the Data Center Cooling market?
Key Offerings:
- Market Size, Share, Size & Forecast by Different Segments | 2024−2032
- Data Center Cooling Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Trend Analysis
- Pestle Analysis
- Porter’s Five Forces Analysis
- Industry Value Chain Analysis
- Ecosystem
- Regulatory Landscape
- Price Trend Analysis
- Patent Analysis
- Technology Evolution
- Investment Pockets
- Data Center Cooling Market Segmentation
- Competitive Landscape – Profiles of selected key players in a strategic perspective
- Competitive landscape – Competitive Benchmarking, Data Center Cooling Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
- Analyst Viewpoint and Conclusion
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