Data Center Cooling Market: Global Industry Analysis and Forecast (2023-2029)

Data Center Cooling Market size was valued at US$ 11.55 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 10.9% through 2023 to 2029, reaching nearly US$ 23.84 Bn.
Data Center Cooling Market Overview:
Free cooling can also aid in the energy efficiency of data centres. Thermal reservoirs, low-temperature ambient air, and evaporating water are only a few examples of free cooling. The sole objective of data centre cooling is to keep the environment suitable for the operation of information technology equipment (ITE). To achieve this purpose, the heat generated by the ITE must be removed and transferred to a heat sink.

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Data Center Cooling Market Dynamics:
The expense of cooling in data centres accounts for a significant amount of the total energy usage. Due to this factor, data centre owners are eager to address this expense issue by using cost-effective cooling technologies. Using chiller-less data centres that rely on outside air for cooling, large data centres have been able to reduce their operational and capital cooling costs. Moreover, data centre cooling systems such as economizers take advantage of outdoor weather conditions to cool data centres, resulting in lower energy and cooling costs. These key factors are expected to drives the growth of the global data centre cooling market during the forecast period 2023-2029.

Meeting flexibility criteria remains the largest hurdle for many companies when it comes to data centre cooling systems. This specifically refers to issues with high-density rack cooling, as well as the uncertainties surrounding the quantity, timing, and location of high-density racks.

During the forecast period 2023-2029, data centres are expected to prioritise efficiency. A new generation of computers capable of executing complex machine learning, artificial intelligence, and analytics algorithms generate enormous quantities of energy and heat. The computing muscle that powers current AI is already straining data centre infrastructure, from Google's custom-built Tensor Processing Units (TPUs) to high-performance CPUs accelerated by graphics processing unit (GPU) accelerators. These needs will undoubtedly rise as more firms deploy machine learning and even provide AI solutions as a service.

When Google released its TPU 3.0 processors, it discovered this the hard way. While air cooling was adequate for the first two generations, the current iteration generated far too much heat to be effectively cooled with anything other than direct-to-chip liquid cooling. Fortunately, the tech behemoth had been looking at feasible liquid cooling methods for years and was able to quickly implement the new system.
Data Center Cooling Market Segment Analysis:
Based on the Solution, the market is segmented into Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others. Liquid Cooling Systems solution segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to increased software usage. The advantages of liquid cooling systems over air cooled systems are largely responsible for their rapid rise. When opposed to air cooling systems, liquid cooling systems have advantages such as lower noise levels from equipment such as fans in air cooling systems. During the forecast period 2023-2029, these factors are expected to boost liquid cooling system solutions segment in the global data centre cooling market.

Based on the Services, the market is segmented into Consulting, Installation & Deployment, and Maintenance & Support. Installation & Deployment services segment is expected hold the largest market share of xx% by 2029. Small and medium enterprises (SMEs) and large organisations can use the installation and deployment services to help them deploy energy-efficient data centre cooling in a cost-effective manner. They also serve as a one-stop shop for quick and painless deployments with minimal downtime. Organizations all across the world are increasingly utilising these services.

Based on the Industry, the market is segmented into BFSI, IT & Telecom, Research & Academic, Government & Defense, Retail, Energy, Manufacturing, Healthcare, and Others. Research & Academic industry segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Factors such as the demand for HPC devices such as supercomputers, which are characterised by high-compute density in the research & academic business, are causing traditional data centres to be replaced with advanced data centres that run with high energy efficiency. Besides, research and academic institutions have begun to implement cutting-edge cooling technologies such as CRAH, cold-door cooling, aisle, and rack cooling units. Due to this factors, the need for data centre cooling solutions in the research and academic sector is growing.
Regional Insights:
North America dominates the Data Center Cooling market during the forecast period 2023-2029. North America is expected hold the largest market share of xx% by 2029. This is due to the existence of technology giants like Facebook, Google, and Microsoft, who are constantly exploring innovative ways to manage their rising data in the North America region. Due to the movement of data centre facilities to other locations such as Canada and the Nordic countries, the US market is expected to grow slowly in comparison to other regions.

Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Increased public and private sector investments in projects catering to industries such as banking, telecommunications, and government are driving up demand for data centre cooling. Factors such as the developing IT and digital commerce sectors are also predicted to boost data traffic in the Asia Pacific region, boosting the data centre cooling market during the forecast period 2023-2029.

The objective of the report is to present a comprehensive analysis of the Global Data Center Cooling Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Data Center Cooling Market dynamic, structure by analyzing the market segments and project the Global Data Center Cooling Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Data Center Cooling Market make the report investor’s guide.
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Data Center Cooling Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.55 Bn.


Forecast Period 2023 to 2029 CAGR:
10.9%
Market Size in 2029:
US $ 23.84 Bn.


 Segments Covered:
by Component
Solution
Services


by Solution
Air Conditioning
Chilling Units
Cooling Towers
Economizer Systems
Liquid Cooling Systems
Control Systems
Others


by Services
Consulting
Installation & Deployment
Maintenance & Support


by Type of Cooling
Room-based Cooling
Row/Rack-based Cooling


by Data Center Type
Large Data Centers
Enterprise Data Centers
Mid-sized Data Centers


by Industry
BFSI
IT & Telecom
Research & Academic
Government & Defense
Retail
Energy
Manufacturing
Healthcare
Others



Data Center Cooling Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. 3M
2. AIRSYS
3. Alfa Laval
4. Allied Control
5. Asetek
6. Climaveneta (Mitsubishi Electric)
7. Condair Group
8. Coolcentric (Wakefield-Vette)
9. CoolIT Systems
10. Daikin Applied
11. Data Aire
12. Delta Group
13. Green Revolution Cooling
14. Munters
15. Nortek Air
16. Pentair
17. Renovo Zhuhai
18. Rittal
Frequently Asked Questions:
1] What segments are covered in Data Center Cooling Market report?
Ans. The segments covered in Data Center Cooling Market report are based on Component, Solution, Services, Type of Cooling, Data Center Type, and Industry.

2] Which region is expected to hold the highest share in the Data Center Cooling Market?
Ans. North America is expected to hold the highest share in the Data Center Cooling Market.

3] Who are the top key players in the Data Center Cooling Market?
Ans. 3M, AIRSYS, Alfa Laval, Allied Control, and Asetek are the top key players in the Global Data Center Cooling Market.

4] Which segment holds the largest market share in the Data Center Cooling market by 2029?
Ans. Installation & Deployment services segment holds the largest market share in the Data Center Cooling market by 2029.

5] What is the market size of the Data Center Cooling market by 2029?
Ans. The market size of the Data Center Cooling market is US $ 23.84 Bn. by 2029.

6] What was the market size of the Data Center Cooling market in 2022?
Ans. The market size of the Data Center Cooling market was worth US $ 11.55 Bn. in 2022.