Product ID: SQMIG45I2119
Report ID:
SQMIG45I2119 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
122 |
Figures:
77
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.
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Product ID: SQMIG45I2119