USD 15.73 billion
Global Data Center Cooling Market Size, Share, Growth Analysis, By Product(Air Conditioners, Precision Air Conditioners), By Application(Telecom, IT), By Containment(Raised Floor with Containment, and Raised Floor without Containment), By Structure(Rack-Based Cooling, Row-Based Cooling) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2119 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
122 |
Figures:
77
Global Data Center Cooling Market Insights
Global Data Center Cooling Market size was valued at around USD 15.73 billion in 2022 and is poisde to grow from USD 18.42 billion in 2023 to USD 65.12 billion by 2031, at a CAGR of 17.1% during the forecast period (2024–2031).
The global data center cooling market has experienced significant growth in recent years, driven by the escalating demand for efficient and sustainable cooling solutions to support the burgeoning data center industry. Factors such as the rapid digitization of businesses, the expansion of cloud computing services, and the proliferation of IoT devices have propelled the growth of data centers worldwide, resulting in an increased need for robust cooling systems.
Many enterprises rely on data centers to provide consolidated storage, networking, and backup services. The vast amount of data generated is driving the increasing demand for more computational capability in computer networks. This has resulted in an increase in data center energy use. Furthermore, the rise in data center energy use has raised financial and environmental issues. These concerns are pushing the demand for improved data center cooling solutions. Monitoring, measuring, and controlling data center resources, as well as energy usage in IT-related equipment such as servers, network switches, storage, and infrastructure components, is referred to as data center cooling. Computer room air conditioners and power distribution units are examples of these components. Data center operators must deploy their IT hardware infrastructures, including servers, Power Distribution Units (PDUs), and other components, appropriately to support the rapid increase in data storage and offered services, such as data backup and archiving, managing authentication, and authorization. These factors are projected to drive market growth.
Another key driver of the data center cooling market is the advent of edge computing. Edge data centers are closer to end users and IoT devices, lowering latency and improving overall user experience. These edge facilities, however, frequently operate in difficult conditions, such as distant places or harsh climates, where temperature control is critical. This has resulted in the development of compact and durable cooling technologies intended exclusively for edge data centers. Manufacturers are concentrating on developing cooling solutions that are simple to deploy and maintain in these harsh conditions, enabling the continuous operation of edge computing infrastructure.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Raised Floor with Containment
Fastest Growth
Raised Floor with Containment
Growth Rate
17.1% CAGR
Global Data Center Cooling Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Data Center Cooling Market By Containment 2022-2030 ($ Bn)
Global Data Center Cooling Market By Containment 2022-2030 (%)
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Global Data Center Cooling Market Segmental Analysis
The global data center cooling market is segmented based on product, application, containment, structure, and region. In terms of product, the market is segmented into air conditioners, precision air conditioners, chillers, air handling units, and others. Based on application, the market is segmented into telecom, it, retail, healthcare, BFSI, energy, and others. Based on containment, the market is segmented into raised floor with containment, and raised floor without containment. Based on structure the market is segmented into rack-based cooling, row-based cooling, and room-based cooling. Region wise, the global data center cooling market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Data Center Cooling Market Analysis by Product
The air conditioners market category held the biggest market share, accounting for over 30% of total sales. Most end customers prefer air conditioners because they provide the need for round-the-clock security while using less energy. Racks that are tightly packed produce a lot of heat when data is stored and analyzed for effective decision-making. As a result, air conditioners help organizations maintain a comfortable temperature and ensure that data centers are operating properly. A sensitive IT environment requires air conditioners to maintain the required level of room temperature.
The precision air conditioners market is anticipated to expand at a CAGR of more than 18% during the forecast period. The development of energy-efficient equipment along with technological developments should drive demand for precision air conditioners. These air conditioners also provide advantages including continuous use, accurate humidity management, better air dispersion, and automatic adjustment of different AC loads for effective cooling.
Global Data Center Cooling Market Analysis by Containment
Raised floors with confinement and raised floors without containment have been created within the containment segment. Hot aisle containment (HAC) and Cold aisle containment (CAC) have been created within the raised floor with containment section. The segment's market share expanded significantly to over 50% in 2022 as a result of the growing use of hot and cold aisle containment techniques. Due to an improved return airflow control option, the hot aisle containment market is predicted to increase at a CAGR surpassing 15%.
Global Data Center Cooling Market By Containment 2022 (%), 2023 (%)
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Global Data Center Cooling Market Regional Insights
North America is expected to continue to lead the world in terms of demand for data center cooling systems in 2022 and will expand at a CAGR of over 12.7%, according to projections. The presence of internet behemoths like Facebook, Amazon Inc., and Google Inc. in the region suggests that new technology-based solutions will be adopted more gradually than in the past. Numerous IT enterprises are present in the area, which is home to a sizable number of data centers and opens up opportunities for the data center cooling solutions market.
The Asia Pacific data center cooling market is expected to gain importance over the course of the forecast period as data center cooling applications are expected to increase in the telecom industry. This could be caused by the increase in the number of external IT infrastructure service providers managing and running crucial business data and applications.
Global Data Center Cooling Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Data Center Cooling Market Dynamics
Global Data Center Cooling Market Drivers
Increasing Demand for Data Storage and Processing Capabilities
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Increasing demand for data storage and processing capabilities is driving the growth of the data center cooling market. There is an increasing generation and management of data, which calls for powerful storage and processing solutions by companies globally. This is one reason for growth as well, due to advancements, namely cloud computing and internet of things, among others. With the growth of data centers and their accompanying large size and complexity comes more heat that demands sophisticated cooling measures in order to preserve top-rated conditions for efficient operation of data centers. The increased demand for effective cooling systems by data center operators is stimulating market growth because they are in search of innovative, energy-efficient, and environmentally friendly cooling technologies that can meet their increasing need for data processing while minimizing operational costs and environmental damages.
Global Data Center Cooling Market Restraints
Lack of Standardization
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This means that there are no globally agreed upon standards or criteria for specific cooling systems to be used in data centers. This makes it difficult for data center operators to pick out economical and reliable cooling solutions due to constrained market growth caused by this restraint, resulting in the inconsistence of cooling solutions. Absent are industry standard practices that lead to more expenses, more electricity usage and possible loss of efficiency as it pertains to cooling; a situation which could potentially limit the market’s growth prospects Additionally, this may cause conflicts in the integration and adaptation of various cooling technologies, leading to a delay in adopting advanced, efficient cooling solutions for data centers.
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Global Data Center Cooling Market Competitive Landscape
The competitive landscape in the data center cooling market is highly competitive, with many established players and new entrants competing for market share. The market is dominated by a few key players, but there are also many smaller players offering innovative solutions. These companies offer a range of data center cooling solutions, from traditional air conditioning systems to liquid cooling and other innovative technologies. The competitive landscape is expected to remain highly competitive, with new entrants continuing to emerge and established players investing in research and development to maintain their market position.
Top Player’s Company Profiles in Global Data Center Cooling Market
- Schneider Electric SE
- Vertiv Co.
- Eaton Corporation plc
- Rittal GmbH & Co. KG
- Airedale International Air Conditioning Ltd.
- STULZ GmbH
- Asetek A/S
- Coolcentric
- Black Box Corporation
- ClimateWorx International Inc.
- Delta Electronics Inc.
- Fujitsu Limited
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Johnson Controls International plc
- Mitsubishi Electric Corporation
- Nortek Air Solutions LLC
- Siemens AG
- Trane Technologies plc
- Vigilent Corporation
Global Data Center Cooling Market Recent Developments
- CoolTera Ltd. is a developer of coolant distribution infrastructure for data center liquid cooling technologies. CoolTera Ltd. was acquired by Vertiv, a global provider of essential digital infrastructure and continuity solutions, in December 2023.
- Schneider Electric announced in October 2023 that it is investing USD 1.2 million to work with the Sustainable Tropical Data Centre Testbed (STDCT), a National University of Singapore (NUS) facility supported by a consortium of business partners and funded by the National Research Foundation, Singapore. The testbed aims to develop innovative and cost-effective cooling systems for data centers in tropical regions. This is because maintaining regulated settings in data centers in tropical nations, like Singapore, typically leads to excessive power and energy usage and the subsequent high costs and carbon emissions.
- Fujitsu and Microsoft formed a global alliance in May 2023 with the goal of enabling "sustainability transformation" and assisting companies in shifting their workloads to the cloud. Microsoft will supply Azure, its cloud computing platform, while Fujitsu will contribute its knowledge of data center architecture. Businesses will have access to a complete modernization solution for their IT infrastructure thanks to this agreement.
Global Data Center Cooling Key Market Trends
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Increased demand for energy-efficient solutions: The trend highlighted underscores the increasing significance of energy efficiency in data center operations. As energy costs continue to rise and environmental sustainability concerns intensify, there is a burgeoning demand for innovative data center cooling solutions. Enterprises are channeling investments into cutting-edge technologies like liquid cooling, which stands out for its ability to substantially curtail energy consumption compared to conventional air-cooled systems. The move towards energy-efficient cooling does not only help organizations save on operation costs, it is also a demonstration of embracing environmental concerns as they go green to ensure sustainability in the digital era.
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Focus on edge computing: This trend showcases increasing adoption of decentralized data processing, meaning that computations are being done at the network’s edges. The result has been a need or desire for innovative data center cooling solutions that can deal with the challenges associated with remote or limited space. Consequently, enterprises are leading the way in small form factor and low power consumption technology, such as microdatacenters, which can be quickly installed at the edge. Given that they not only enhance the dependability of edge computing environments but also reduce costs associated with cooling infrastructure, these solutions play a critical role in advancing modern data processing architecture.
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Adoption of modular and scalable solutions: This trend towards embracing modular and scalable data center cooling strategies marks a departure from the conventional way of managing data center infrastructure by data center operators. Such advanced solutions provide agility and speed in response to changes in demand, thus allowing operators to adjust promptly without major capital investments. Data center operator’s acceptance of these changes can guarantee optimum work, low wasted energy, and little chance of interruptions, increasing an all round reliability coupled with sustainability in information management in dynamic world technologies.
- Emergence of AI-driven cooling solutions: Artificial intelligence is being used to optimize data center cooling performance by automatically adjusting cooling systems based on real-time data. This can help to improve energy efficiency and reduce costs while maintaining optimal operating conditions.
Global Data Center Cooling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Data Center Cooling market It is anticipated that future investments and the rising need for energy-efficient data centers will open up new growth opportunities. In order to fulfill the escalating demand, a number of managed and cloud service providers in the market are preparing expansions. Additionally, the hyper-scale data center market is expanding.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 15.73 billion |
| Market size value in 2031 | USD 65.12 billion |
| Growth Rate | 17.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Data Center Cooling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Data Center Cooling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Data Center Cooling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Data Center Cooling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Data Center Cooling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Data Center Cooling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Data Center Cooling Market Report Snapshots
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