Global Data Center Cooling Market

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

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.

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FAQs

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 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. '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'

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.

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.

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.

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Global Data Center Cooling Market

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