What is the Historic and Current Scenario of the Data Center Cooling Market?
The data center cooling market has seen considerable growth due to a variety of factors.
• The rapid expansion in the scale of the data center cooling market has been evident in recent years. The market is projected to rise from $16.97 billion in 2024 to $19.74 billion in 2025, translating to a compound annual growth rate (CAGR) of 16.3%.
This remarkable growth during the historical period can be traced back to factors such as the swift expansion of data centers, the surge in high-density computing, worries over energy efficiency, regulatory conformity, worldwide data storage proliferation, and a rise in heat load per rack.
What is the Forecasted Growth of the Data Center Cooling Market Size?
The data center cooling market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the data center cooling market, with predictions suggesting significant expansion in the coming years. The market size is projected to reach $37.51 billion by 2029, illustrating a compound annual growth rate (CAGR) of 17.4%.
This anticipated growth within the forecast period is due to several factors such as the incorporation of renewable energy, emphasis on water conservation, heat recovery systems, modular data center solutions and the adoption of immersive cooling. Future trends for this period are predicted to include liquid cooling solutions, free cooling techniques, artificial intelligence-driven cooling management, high-density cooling systems, edge data center cooling solutions, and emerging cooling-as-a-service models.
What Are The Core Factors Supporting Growth In Data Center Cooling Market?
The anticipated increase in worldwide temperatures is predicted to be a significant factor propelling the expansion of the data center cooling market in the foreseeable future. Factors such as escalated greenhouse gas emissions due to human activities, deforestation, industrial procedures, and burning of fossil fuels intensify the greenhouse effect and contribute to the rise in global temperatures. As these temperatures increase, there is a growing need for data center cooling systems to ensure favorable working conditions for servers and to prevent overheating in high energy-consuming facilities. For example, the National Oceanic and Atmospheric Administration (NOAA) National Centers for Environmental Information, a U.S. based institution known for its accurate climate, weather, and environmental data, reported in June 2023 that global surface temperatures recorded by NOAA were 1.00 °C (1.80 °F) above the normal temperature. It was cited as the fourth-warmest April in their 174-year-long record, indicating a significant rise compared to the 0.85 °C (1.53 °F) seen in April 2022. Hence, the increasing global temperatures are likely to stimulate the need for data center cooling systems in the future.
What Is The Segmentation Of The Global Data Center Cooling Market?
The data center cooling market covered in this report is segmented –
1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-Sized Data Centers
2) By Cooling Technology: Rack Or Row-Based, Room-Based
3) By Component: Solution, Service
4) By Industry: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries
Subsegments:
1) By Large Data Centers: Hyperscale Data Centers, Cloud Data Centers, Co-Location Data Centers
2) By Enterprise Data Centers: Private Enterprise Data Centers, In-House Data Centers
3) By Mid-Sized Data Centers: Edge Data Centers, Regional Data Centers
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What Emerging Trends Are Shaping The Data Center Cooling Market?
Leading businesses present in the data center cooling industry are introducing new products like immersion cooling fluids to boost their market profitability. Immersion cooling fluids, otherwise known as coolants or dielectric fluids, are specialized liquids employed in immersion cooling systems to absorb and disperse heat produced by electronic components such as servers and other IT hardware. For example, in October 2023, ExxonMobil Corporation, a natural gas company based in the US, launched data center immersion cooling fluids. These cooling fluids from ExxonMobil, designed for energy efficiency and high performance, present a wide array of synthetic and non-synthetic alternatives with varying thermal capacities. These fluids are tailor-made to have lower viscosity for effective heat elimination and ensure compatibility with diverse materials, bolstering the lifespan of the equipment. Immersion cooling fluids, being crucial for liquid cooling in data centers, are geared towards improving energy efficiency, decreasing water usage, and augmenting rack density, thus claiming to reduce the total cost of ownership for IT equipment by up to 40%.
Who Are the Key Players in the Data Center Cooling Market?
Major companies operating in the data center cooling market include:
• Hitachi Ltd.
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Fujitsu Limited
• ABB Group
• Hewlett Packard Enterprise Company
• Daikin Industries Ltd.
• Johnson Controls International plc
• Eaton Corporation
• Emerson Electric Co.
• Trane Technologies plc
• Climaveneta Climate Technologies S.p.A.
• Vertiv Group Corporation
• Alfa Laval AB
• Rittal GmbH & Co. KG
• Ebullient Inc.
• Munters Group AB
• Nortek Air Solutions LLC
• Coolcentric Inc.
• Airedale International Air Conditioning Limited
• Asetek Inc.
• Usystems Inc.
• Midas Green Technologies Inc.
• Liquid Cool Solutions LLC
• Green Revolution Cooling Inc.
• Submer Technologies Inc.
• Delta Power Solutions
• Adaptivcool Ltd.
What are the Regional Insights into the Data Center Cooling Market?
Asia-Pacific was the largest region in the data center cooling market in 2024. North America was the second-largest market in the data center cooling market share. The regions covered in the data center cooling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
