Data Center Cooling Market - By Component (Solution, Service), By Cooling Technique (Rack/Row-based, Room-based), By End Use (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), By Data Center Size, Forecast,2024

Description

Global Data Center Cooling Market will record over 13.5% CAGR from 2024 to 2032, escalated by the development of innovative cooling solutions like liquid cooling and immersion cooling.

Advancements in cooling technologies enhance efficiency and performance. Innovations such as liquid cooling, immersion cooling, and advanced air cooling systems enable data centers to manage increasing heat loads from high-density computing environments more effectively. These cutting-edge solutions not only improve energy efficiency but also reduce operational costs and environmental impact. Additionally, the integration of AI and IoT for real-time monitoring and optimization further enhances cooling precision and reliability.

To that end, in July 2024, Chilldyne, a provider of direct-to-chip liquid cooling solutions, released a data center liquid cooling starter kit designed to prepare facilities for AI-driven workloads. With high-density racks reaching up to 150 kW and potentially higher in the future, data center operators must equip themselves with next-generation cooling technology. This solution enables data centers to quickly adapt and efficiently cool the next-generation chips from NVIDIA, Intel, AMD, and other leading manufacturers.

As data centers expand and evolve, these technological advancements are crucial in meeting the growing demand for robust and sustainable cooling solutions, thus favoring market growth.

The overall data center cooling industry is categorized based on component, cooling technique, end use, data center size, and region.

The service segment of the data center cooling market will register a noteworthy CAGR through 2032, owing to the increasing demand for efficient thermal management in high-density data centers. As data centers evolve to handle more complex and larger volumes of data, they generate more heat, necessitating advanced cooling solutions to maintain optimal performance and prevent overheating. Additionally, with an upsurge in edge computing, IoT devices, and cloud services, data centers are expanding their infrastructure, flourishing the need for effective cooling systems to ensure reliability, energy efficiency, and reduced operational costs.

The medium data center segment will possess a notable data center cooling market share by 2032, primarily because of the growth in digital transformation initiatives and cloud computing adoption among medium-sized enterprises. Medium data centers are expanding their proficiency to accommodate more servers and storage equipment, resulting in higher heat generation. Effective cooling solutions are essential to maintaining optimal operating conditions and ensuring the reliability and longevity of critical IT infrastructure. As medium-sized data centers strive for efficacy and sustainability, the adoption of advanced cooling technologies becomes vital to curb thermal obstacles and manage operational costs effectively.

Asia Pacific data center cooling market is escalating due to rapid digitalization and the proliferation of cloud services across industries. As businesses and governments in the Asia Pacific embrace digital transformation, the need for robust data infrastructure expands, leading to larger and more heat-intensive data centers. Asia Pacific's climate variability necessitates efficient cooling solutions to maintain optimal server performance and reliability. With increasing investments in data center expansion and technology upgrades, there is a heightened focus on implementing energy-efficient cooling systems to mitigate operational costs and environmental impact.

Product Code: 423

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component suppliers
- 3.2.3 Manufacturers
- 3.2.4 Service providers
- 3.2.5 Distribution channel
- 3.2.6 End users
3.3 Cooling technology evolution
3.4 Power density trends in data center
3.5 Profit margin analysis
3.6 Technology & innovation landscape
- 3.6.1 Innovation in data center
- 3.6.2 Green data center
- 3.6.3 Impact of Artificial Intelligence (AI)
- 3.6.4 Heat transfer fluids
- 3.6.5 Submerged data centers
- 3.6.6 Liquid cooling
  - 3.6.6.1 Direct to chip liquid cooling
  - 3.6.6.2 Immersive cooling
  - 3.6.6.3 Hybrid cooling system
3.7 Patent analysis
3.8 End use cases
- 3.8.1 Automotive
- 3.8.2 AI
- 3.8.3 Cryptocurrency
- 3.8.4 Gaming
3.9 Average rack density
3.10 Key news & initiatives
3.11 Regulatory landscape
3.12 Impact forces
- 3.12.1 Growth drivers
  - 3.12.1.1 Demand for innovative technologies across various industries
  - 3.12.1.2 Increase in the demand for energy-efficient and cost-effective data centers in North America
  - 3.12.1.3 Increasing establishment of hyperscale data centers in Europe
  - 3.12.1.4 Growing trend for high-performance computing across Europe and Asia Pacific
  - 3.12.1.5 Rising construction of green data centers in Asia Pacific
  - 3.12.1.6 Growing investments in the IT & telecom sector in South America and the MEA
- 3.12.2 Industry pitfalls & challenges
  - 3.12.2.1 Underestimating or overestimating cooling requirements
  - 3.12.2.2 Need for specialized infrastructure
  - 3.12.2.3 Phantom leakage
3.13 Growth potential analysis
3.14 Porter's analysis
3.15 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component,2021 - 2032 ($Bn)

5.1 Key trends
- 5.1.1 Solution
  - 5.1.1.1 Air conditioner
    - 5.1.1.1.1 Air handling units
    - 5.1.1.1.2 Split air conditioning systems
    - 5.1.1.1.3 Packaged Air Conditioning Units (PAC)
    - 5.1.1.1.4 Others
  - 5.1.1.2 Chilling unit
    - 5.1.1.2.1 Air-cooled chillers
    - 5.1.1.2.2 Water-cooled chillers
    - 5.1.1.2.3 Glycol-cooled chillers
  - 5.1.1.3 Cooling tower
    - 5.1.1.3.1 Evaporative cooling
    - 5.1.1.3.2 Dry
    - 5.1.1.3.3 Others
  - 5.1.1.4 Control system
  - 5.1.1.5 Economizer system
    - 5.1.1.5.1 Condensing
    - 5.1.1.5.2 Non-condensing
  - 5.1.1.6 Liquid cooling system
    - 5.1.1.6.1 Direct to chip
    - 5.1.1.6.2 Immersive
    - 5.1.1.6.2.1 Single phase
    - 5.1.1.6.2.2 Two phase
  - 5.1.1.7 Others
- 5.1.2 Service
  - 5.1.2.1 Consulting
  - 5.1.2.2 Maintenance and support
  - 5.1.2.3 Installation and deployment

Chapter 6 Market Estimates & Forecast, By Cooling Technique, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Rack/row-based
6.3 Room-based

Chapter 7 Market Estimates & Forecast, By Data Center Size, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Small data center
7.3 Medium data center
7.4 Large data center

Chapter 8 Market Estimates & Forecast, By End Use, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 BFSI
8.3 Colocation
8.4 Energy
8.5 Government
8.6 Healthcare
8.7 Manufacturing
8.8 IT & Telecom
8.9 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Poland
- 9.3.6 Benelux
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Brazil
- 9.5.2 Colombia
- 9.5.3 Argentina
- 9.5.4 Chile
- 9.5.5 Rest of South America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB Group
10.2 Airedale Air Conditioning
10.3 Alfa Laval AB
10.4 Asetek A/S
10.5 Black Box Corporation
10.6 Cool IT Systems
10.7 Coolcentric
10.8 Degree Controls, Inc. (Adaptivcool)
10.9 Digital Reality
10.10 Ebullient Inc.
10.11 EVAPCO, Inc.
10.12 GEA Group AG
10.13 Green Revolution Cooling, Inc.
10.14 Harmon Group
10.15 Johnson Control Inc.
10.16 Nortek Air Solutions, LLC
10.17 Rittal GmbH & Co. Kg
10.18 Schneider Electric SE
10.19 SPX Technologies, Inc. (SPX Corporation)
10.20 STULZ GmbH
10.21 Submer Technologies
10.22 Vertiv Group Co.

Data Center Cooling Market - By Component (Solution, Service), By Cooling Technique (Rack/Row-based, Room-based), By End Use (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), By Data Center Size, Forecast,2024 - 2032