Data Center Chillers Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Data Center Chillers Market was worth USD 1.4 billion in 2023 and will exhibit over 9% CAGR from 2024 to 2032, fueled by the proliferation of IoT and big data technologies, which has heightened the need for sophisticated cooling solutions. A prominent trend in the data center chillers sector is the rise of hyperscale data centers, which in turn is boosting the demand for high-capacity and efficient cooling systems. These vast facilities, managed by leading tech firms and cloud service providers, necessitate powerful chiller systems to handle the significant heat produced by their dense computing setups.

Highlighting this trend, in January 2024, Danfoss forged a partnership with Google, aiming to bolster the sustainability and efficiency of Google's hyper-scale data centers. Danfoss is set to implement its oil-free Turbocor compressors, versatile for diverse cooling needs, alongside designing heat reuse solutions to harness renewable energy for both on-site and neighboring community heating.

The overall Data Center Chillers Industry is categorized based on Product, Technology, Power, Data Center Size, and Region.

In 2023, the water-cooled chillers segment generated approximately USD 600 million. Their dominance stems from superior efficiency and performance, especially in large-scale cooling applications. Water-cooled chillers are pivotal in managing high heat loads, offering enhanced cooling capacity and energy efficiency. This reliability is crucial for managing the heat output of extensive equipment, aligning with the rising demand for effective cooling in data centers and commercial settings.

As industries evolve and expand, there's an increasing emphasis on energy efficiency and sustainability. Water-cooled chillers, known for their lower energy consumption and reduced operational costs, align perfectly with this trend. Furthermore, as urbanization accelerates and temperatures rise, the need for robust cooling solutions becomes paramount.

The large data center segment accounted for USD 450 million in 2023. As enterprises increasingly rely on data-driven strategies, the demand for efficient cooling solutions in large data centers intensifies. These facilities, often housing vast arrays of servers, generate substantial heat, necessitating advanced cooling systems. The emphasis on energy efficiency and sustainability further propels investments in cutting-edge cooling technologies within these large data centers.

In 2023, North America commanded a dominant position in the global market, holding a substantial share of approximately 35%. The region's data center chillers market is propelled by its robust technological infrastructure and substantial investments in data center expansions. The U.S. leads, thanks to its swift adoption of cutting-edge cooling technologies and a dense concentration of hyperscale data centers that demand efficient chiller systems. Moreover, the region's stronghold is reinforced by major players' focus on expansion and a regulatory environment that champions technological advancements.

North America's data center chillers market is buoyed by technological infrastructure is not just well-established but continually evolving, thanks to consistent investments and innovations. The U.S. stands out, not only for its early embrace of advanced cooling technologies but also for hosting a dense network of hyperscale data centers. These centers, with their heightened demands, further amplify the need for efficient chiller systems. Moreover, the region's market dynamics are shaped by the strategic maneuvers of key players, who are expanding their footprints and benefiting from a regulatory landscape that encourages technological advancements.

Product Code: 10766

Chapter 1 Methodology and 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 and 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 supplier
- 3.2.2 Component supplier
- 3.2.3 Technology provider
- 3.2.4 Manufacturer
- 3.2.5 Distributors
- 3.2.6 End user
3.3 Profit margin analysis
3.4 Pricing analysis
- 3.4.1 By product
  - 3.4.1.1 Air-cooled chillers
  - 3.4.1.2 Water-cooled chillers
  - 3.4.1.3 Glycol-cooled chillers
- 3.4.2 By technology
  - 3.4.2.1 Scroll chillers
  - 3.4.2.2 Screw chillers
  - 3.4.2.3 Centrifugal chillers
  - 3.4.2.4 Absorption chillers
  - 3.4.2.5 Magnetic Bearing chillers
3.5 Technology and innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Rising data center demand with growth in IoT and big data technology
  - 3.9.1.2 Adoption of energy efficiency regulations
  - 3.9.1.3 Innovation and advancements in cooling technologies
  - 3.9.1.4 Sustainability initiatives to reduce carbon footprint
- 3.9.2 Industry pitfalls and challenges
  - 3.9.2.1 High initial costs
  - 3.9.2.2 Complex installation and maintenance
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 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 and Forecasts, By Product, 2021 - 2032, ($Bn, Units)

5.1 Key trends
5.2 Air-cooled chillers
5.3 Water-cooled chillers
5.4 Glycol-cooled chillers

Chapter 6 Market Estimates and Forecasts, By Technology, 2021 - 2032, ($Bn, Units)

6.1 Key trends
6.2 Scroll chillers
6.3 Screw chillers
6.4 Centrifugal chillers
6.5 Absorption chillers
6.6 Magnetic bearing chillers

Chapter 7 Market Estimates and Forecasts, By Power, 2021 - 2032, ($Bn, Units)

7.1 Key trends
7.2 Electric-powered
7.3 Thermal-powered (Absorption)
7.4 Hybrid

Chapter 8 Market Estimates and Forecasts, By Data Center Size, 2021 - 2032, ($Bn, Units)

8.1 Key trends
8.2 Small data center
- 8.2.1 By product
  - 8.2.1.1 Air-cooled chillers
  - 8.2.1.2 Water-cooled chillers
  - 8.2.1.3 Glycol-cooled chillers
- 8.2.2 By technology
  - 8.2.2.1 Scroll chillers
  - 8.2.2.2 Screw chillers
  - 8.2.2.3 Centrifugal chillers
  - 8.2.2.4 Absorption chillers
  - 8.2.2.5 Magnetic bearing chillers
- 8.2.3 By power
  - 8.2.3.1 Electric-powered
  - 8.2.3.2 Thermal-powered (Absorption)
  - 8.2.3.3 Hybrid
8.3 Medium data center
- 8.3.1 By product
  - 8.3.1.1 Air-cooled chillers
  - 8.3.1.2 Water-cooled chillers
  - 8.3.1.3 Glycol-cooled chillers
- 8.3.2 By technology
  - 8.3.2.1 Scroll chillers
  - 8.3.2.2 Screw chillers
  - 8.3.2.3 Centrifugal chillers
  - 8.3.2.4 Absorption chillers
  - 8.3.2.5 Magnetic bearing chillers
- 8.3.3 By power
  - 8.3.3.1 Electric-powered
  - 8.3.3.2 Thermal-powered (Absorption)
  - 8.3.3.3 Hybrid
8.4 Large data center
- 8.4.1 By product
  - 8.4.1.1 Air-cooled chillers
  - 8.4.1.2 Water-cooled chillers
  - 8.4.1.3 Glycol-cooled chillers
- 8.4.2 By technology
  - 8.4.2.1 Scroll chillers
  - 8.4.2.2 Screw chillers
  - 8.4.2.3 Centrifugal chillers
  - 8.4.2.4 Absorption chillers
  - 8.4.2.5 Magnetic bearing Chillers
- 8.4.3 By power
  - 8.4.3.1 Electric-powered
  - 8.4.3.2 Thermal-powered (Absorption)
  - 8.4.3.3 Hybrid
8.5 Hyperscale data center
- 8.5.1 By product
  - 8.5.1.1 Air-cooled chillers
  - 8.5.1.2 Water-cooled chillers
  - 8.5.1.3 Glycol-cooled chillers
- 8.5.2 By technology
  - 8.5.2.1 Scroll chillers
  - 8.5.2.2 Screw chillers
  - 8.5.2.3 Centrifugal chillers
  - 8.5.2.4 Absorption chillers
  - 8.5.2.5 Magnetic bearing Chillers
- 8.5.3 By power
  - 8.5.3.1 Electric-powered
  - 8.5.3.2 Thermal-powered (Absorption)
  - 8.5.3.3 Hybrid

Chapter 9 Market Estimates and Forecasts, By Region, 2021 - 2032, ($Bn, Units)

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 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Brazil
- 9.5.2 Argentina
- 9.5.3 Rest of Latin America
9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Airedale International Air Conditioning
10.2 Blue Star
10.3 Carrier Global Corporation
10.4 Climaveneta
10.5 Daikin Applied
10.6 Danfoss
10.7 Hitachi
10.8 Johnson Controls (YORK)
10.9 Lennox International
10.10 Mitsubishi Electric
10.11 Schneider Electric
10.12 Siemens
10.13 Stulz GmbH
10.14 Trane Technologies
10.15 Vertiv