Data Center Cooling Market, By Component, By Type of Cooling, By Industry Vertical, By Geography

The data center cooling market is estimated to be valued at US$ 14.27 billion in 2024 and is expected to reach US$ 32.91 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

Figure 1. Data Center Cooling Market Share (%), By Region, 2024

The data center cooling market has witnessed significant growth in recent years due to the rising need for the efficient cooling of data centers worldwide. With the growing adoption of cloud-based services and increased digitalization of businesses across industries, there has been a substantial rise in the volume of data being generated and stored. This has propelled the demand for large data centers equipped with advanced cooling systems to effectively manage the rising heat loads within the facilities. Moreover, the development of edge data centers and adoption of 5G technology is also expected to drive more investments in the cooling infrastructure to ensure the optimal functioning of servers and other IT equipment. Going forward, the focus on renewable energy-based cooling, eco-friendly refrigerants, and artificial intelligence in cooling systems is likely to open new growth avenues for players in the data center cooling industry.

Market Dynamics:

The data center cooling market is driven by the growing construction of large and mega data centers globally. The rising digitization and focus on cloud computing have increased the density of servers and other IT equipment within data centers. This has made efficient cooling a major challenge for data center operators. At the same time, factors such as concerns around the use of refrigerants with high global warming potential and growing need to reduce carbon footprint of data centers are compelling facility owners to adopt more energy-efficient and eco-friendly cooling solutions. However, high initial investments associated with the installation and maintenance of advanced cooling systems continue to restrain the market growth to some extent. The emergence of liquid-based cooling techniques such as immersion cooling and adoption of AI-enabled predictive analytics for cooling infrastructure management are opening new opportunities for manufacturers in this industry.

Key Features of the Study:

• This report provides an in-depth analysis of the global data center cooling market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global data center cooling market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Air Enterprises, Asetek, Inc., Climaveneta, Coolcentric, Daikin Industries Ltd, Dell Technologies Inc., Fujitsu, Hitachi, Ltd., Johnson Controls, Liquid Cool Solutions Inc., Mitsubishi Electric Corp., Munters Group AB, Nortek Air Solutions, LLC, NTT Ltd., Rittal GmBH & Co. KG, Schneider Electric SE, STULZ GMBH, Telx Inc., and Vertiv Co.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global data center cooling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global data center cooling market.

Detailed Segmentation-

• By Component
  • Solution
  • Air Conditioners
  • Chillers
  • Air Handling Units
  • Liquid Cooling Systems
  • Others
  • Services
  • Installation & Deployment
  • Support & Consulting
  • Maintenance Services
• By Type of Cooling
  • Room-Based Cooling
  • Row/Rack-Based Cooling
• By Industry Vertical
  • BFSI
  • IT and Telecom
  • Manufacturing
  • Retail
  • Healthcare
  • Energy and Utilities
  • Others (Government & Defense, Education)
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Air Enterprises
  • Asetek, Inc.
  • Climaveneta
  • Coolcentric
  • Daikin Industries Ltd
  • Dell Technologies Inc.
  • Fujitsu
  • Hitachi, Ltd.
  • Johnson Controls
  • Liquid Cool Solutions Inc.
  • Mitsubishi Electric Corp.
  • Munters Group AB
  • Nortek Air Solutions, LLC
  • NTT Ltd.
  • Rittal GmBH & Co. KG
  • Schneider Electric SE
  • STULZ GMBH
  • Telx Inc.
  • Vertiv Co.