What is the global market size of Data Center Cooling Market?

Data Center Cooling Market size was valued at USD 13439.62 million in 2021 and is poised to grow from USD 15737.80 million in 2022 to USD 56145.9 million by 2030, at a CAGR of 17.1% during the forecast period (2023-2030).

What is the key driver of Global Data Center Cooling Market?

With the rapid growth of cloud computing and data-intensive applications, the demand for data centers has increased significantly. This has led to a corresponding increase in the demand for data center cooling solutions.

What is the key market trend for Global Data Center Cooling Market?

Increased demand for energy-efficient solutions: With rising energy costs and concerns about environmental sustainability, there is growing demand for energy-efficient data center cooling solutions. Companies are investing in technologies such as liquid cooling, which can significantly reduce energy consumption compared to traditional air-cooled systems.

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 News

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.

Data Center Cooling Market Report Snapshots

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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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