Global Data Center Cooling
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Data Center Cooling market size was $10.25 Billion in 2022 and it is forecasted to reach $23.89 Billion by 2030. Data Center Cooling Industry's Compound Annual Growth Rate will be 11.63% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Data Center Cooling market size was $10.25 Billion in 2022 and it is forecasted to reach $23.89 Billion by 2030. Data Center Cooling Industry's Compound Annual Growth Rate will be 11.63% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Data Center Cooling Market Sales Revenue 2022 | $ 10.25 Billion |
Global Data Center Cooling Market Sales Revenue 2030 | $ 23.89 Billion |
Global Data Center Cooling Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.63% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Component |
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Market Split by Cooling |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Data Center Cooling Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Data center cooling collectively known as tools, equipment, systems, and techniques that ensures required temperature and humidity levels within any data center facility. It works by removing excess heat from a facility and ensures server uptime by providing efficiency in the working of data center.
The vast amount of digital information stored and streamed is driving an increase in the number of data centers throughout the world. The huge computer power within these data centers produces heat and makes cooling a critical necessity for the building system. Hence, use of data center cooling has become necessity which is driving the growth of market.
Data center facilities are widely used for networked computer servers that store large amounts of data. The number of data centers across the world is growing due to the massive amount of digital information stored and streamed. As demand for digital services across the globe has increased exponentially due to high number of internet users, the requirement for data centers has also increased. It has been studied that, almost 2% of global electricity is been used by data centers. The use of electricity for data centers is rising globally. For instance, data centre electricity use in Ireland has more than tripled since 2015, accounting for 14% of total electricity consumption in 2021.
Data centers are associated with the storage and share of several applications and data. It centralized the organization's shared IT operations and equipment for the purposes of storing, processing, and distributing data and applications. As data centres are associated with storage management, backup and recovery of critical data etc., it is considered to be one of the vital areas. Hence protection of components in data centre becomes the prime responsibility of organization.
Thus, one of the crucial tasks for any data center is to monitor and manage the environment. Excessive use of electricity stimulates high temperatures which can damage IT equipment, causing them to fail. Hence, data center cooling ensures enough cooling, ventilation and humidity to keep all the facilities with ideal temperature. Hence, rise in the number of data center facilities drives the growth of data center cooling market around the globe.
The excessive high cost in setting and installing data center facilities may hinder the growth of market. The cost of installing data center facility reaches somewhere upto $1000-4000 per rack. However, manufacturers are coming up with innovative solutions which can reduce the cost of installation as the demand for data center is growing exponentially. This will increase the further growth of market in coming years.
Rising environmental concern stimulates the concern for sustainability in the data center industry. Thus, methods like utilizing eco-friendly cooling solutions have been rising to get rid of high energy consumption. Thus, some of the big players have removed mechanical cooling in their facilities to opt for more sustainable ways of cooling. For instance, in year 2015, Digital Realty has built a 6MW data center in London without mechanical cooling.
The cooling system has also started using AI for data center cooling. Google's AI for cooling uses sensors to collect data every five minutes. Then, the algorithm predicts how the cooling systems’ current performance will bring benefits and disadvantages in energy consumption. Further, data centers are aiming to remove wasted energy in cooling or eradicate it if possible.
Demand for data centers during the out-break of COVID-19 have seen rapid growth due to the inclination towards remote working. This has further driven the demand for cloud services in order to provide secure and robust IT culture. This drives the market for data center cooling during COVID-19.
Moreover, high usage of data centers by pharmaceutical companies and research institutions during the COVID-19 pandemic positively impacted the growth of data center cooling market during the lockdown period.
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November 2022
At its Yokohama Data Center, Fujitsu Limited and Fujitsu Research Institute Limited have carried out a number of field tests with the goal of advancing the digital transformation of data centers and enhancing operational resilience and process automation through the use of private 5G network technology for equipment inspection.
September 2021
Asetek has decided to prioritize its data center business segment and exit the High Performing Computing (HPC) niche. This will enhance the company's profitability and shipping bottleneck challenges.
March 2022
Blue e+ series’ hybrid technology is an active cooling circuit for appropriate cooling. It possesses a passive cooling circuit by which heat is dissipated to the surroundings as soon as the ambient temperature falls below the internal temperature in the container’s hot aisle. This effect has an enormous impact on efficiency, especially where temperature differences are huge.
Top Companies Market Share in Data Center Cooling Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America dominates the market for data center cooling market owing to the presence of big players in the U.S. Data centers are primarily owned by cloud vendors, or banks which are extensively present in North America. Further, demand for colocation services is rising in this region which helps in growing the market in North America.
APAC will grow at a high CAGR during the forecast period due to the rising demand for cloud services in countries like China, Japan, and India. IT industry is growing enormously in this region which is further helps in driving the growth of data center cooling market.
The current report Scope analyzes Data Center Cooling Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Data Center Cooling Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Data Center Cooling Industry growth. Data Center Cooling market has been segmented with the help of its Product Type, Application Component, and others. Data Center Cooling market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product type, the air conditioners segment dominates the market of data center cooling with a share of 36.74%. The dominance of this segment can be attributed to its efficacy and thus it is popularly chosen by end-users.
Further, chillers and air handling units contribute with a significant share of 21.62% and 26.04% respectively.
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In terms of application, IT industry held a maximum market share of 28.47% in 2022 in the data center cooling market. As the demand for digital services has increased exponentially in last 2 decades, data center energy use in IT infrastructure has gradually increased. Further, rise in industries due to globalization drives the IT industry to grow at a significant rate across the globe. Constant research and development activities is one of the major reasons for the IT development.
Other significant applications of data center cooling market, such as telecom, and BFSI accounts for share of 18.04% and 13.34% respectively. Healthcare segment held market share of 11.69% in year 2022.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Solution component dominates the market of data center cooling owing to the high demand for wide array of solution used in data center facilities. For instance, tools like air conditioners, chillers and others are widely used in maintaining the temperature and humidity in data centers.
However, the services segment will grow at a high CAGR in coming years as service providers for data centers facilities is rising all around the globe.
Rack/Row-Based Cooling segment accounts for 39.48% of total market share and shows highest CAGR during the forecast period. This can be attributed by the fact that it helps in reducing the power consumption by minimizing the airflow path length.
Senior Research Analyst at Cognitive Market Research
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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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The Global Data Center Cooling Market is witnessing significant growth in the near future.
In 2023, the Air Conditioners segment accounted for noticeable share of global Data Center Cooling Market and is projected to experience significant growth in the near future.
The Telecom segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Air Enterprises, Fujitsu and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Air Conditioners, Chillers, Air Handling Units, Others |
Application | Telecom, IT, Healthcare, Retail, BFSI, Energy, Others |
Component | Solution, Service |
Cooling | Room-Based Cooling, Rack/Row-Based Cooling |
List of Competitors | Air Enterprises, Climaveneta, Fujitsu, Asetek Inc., Coolcentric, SPX Cooling Technologies, Rittal GmBH & Co. KG, Telx Inc, Vertiv Group Corp., Eco Cooling Ltd., Others |
This chapter will help you gain GLOBAL Market Analysis of Data Center Cooling. Further deep in this chapter, you will be able to review Global Data Center Cooling Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Component Analysis 2019 -2031
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Chapter 13 Market Split by Cooling Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Data Center Cooling market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Air Conditioners have a significant impact on Data Center Cooling market? |
What are the key factors affecting the Air Conditioners and Chillers of Data Center Cooling Market? |
What is the CAGR/Growth Rate of Telecom during the forecast period? |
By type, which segment accounted for largest share of the global Data Center Cooling Market? |
Which region is expected to dominate the global Data Center Cooling Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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