PUBLISHER: The Insight Partners | PRODUCT CODE: 1558409
PUBLISHER: The Insight Partners | PRODUCT CODE: 1558409
The data center cooling fans market size was valued at US$ 461.49 million in 2023 and is expected to reach US$ 697.66 million by 2031. The data center cooling fans market is estimated to record a CAGR of 5.3% from 2023 to 2031.
The data center cooling fans market in Europe is further segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The data center industry in this region has witnessed exponential growth in recent years, fueled by the increasing demand for digital services and the need for efficient data management. As data centers continue to expand across Europe, the demand for reliable cooling solutions becomes crucial. Europe has emerged as a prominent hub for data center investments owing to its strategic location, robust digital infrastructure, and favorable business environment. As the number of data centers increases, the demand for effective cooling solutions, including cooling fans, rises in parallel.
Further, large firms such as Amazon, Microsoft, Facebook, and Google create a notably high demand for data centers in Europe. In addition, various initiatives have been taken to extend the data center infrastructure. In May 2024, ICG, a global alternative asset manager, and Teras Capital, an investment platform founded by prominent digital infrastructure entrepreneurs, announced the launch of Templus platform. Templus is the first cutting-edge and sustainable regional data center platform in Southern Europe, with a unique business model based on availability to end users, safety, and the greatest energy efficiency requirements. With a network of over 20 data centers, this platform has the potential to be the dominant regional colocation platform in Southern Europe. With an upsurge in data center investments and the need for energy efficiency, the demand for data center cooling fans is expected to grow in Europe, fueling the data center cooling fans market growth in the coming years.
Based on type, the data center cooling fans market is segmented into centrifugal fan, axial fan, mixed flow fan, and others. The axial fans segment held the largest data center cooling fans market share in 2023. Axial fans are an integral part of the cooling systems in data centers, where numerous electronic components generate substantial heat. Efficient airflow management, facilitated by axial fans, helps prevent equipment failures and ensures the reliability of data center operations. Axial fans move air in a direction parallel to the fan's axis of rotation, making them efficient for tasks such as cooling electronic components and exhausting hot air from confined spaces. These fans can move large volumes of air with relatively low power consumption, making them energy-efficient solutions for various applications. Axial fans are designed to operate quietly, making them suitable for areas where noise levels must be maintained to a minimum.
Canarm Ltd; ZIEHL-ABEGG SE; Continental Fan.; ebm-papst; Multi-Wing Group A/S; NOVENCO Building & Industry A/S; Mainstream Fluid & Air LLC; TWIN CITY FAN; Rosenberg Ventilatoren GmbH; Nidec Corp; Sofasco Fans; Systemair AB, Transmonk India Pvt. Ltd.; Blauberg Ventilatoren GmbH; Hidria d.o.o.; PBM Motor and Fan (Suzhou) Co Ltd; Regal Rexnord Corp; Hangzhou Kiron Motor Co., Ltd.; and Ningbo Longwell Electric Technology Co., Ltd are among the prominent players profiled in the data center cooling fans market report. Several other major players were also studied and analyzed in the data center cooling fans market report to get a holistic view of the market and its ecosystem.
The overall data center cooling fans market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the data center cooling fans market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the data center cooling fans market.
Data Center Cooling Fans Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Type (Axial Fans, Centrifugal Fans, Mixed Flow Fans, and Others), Data Center Type (Hyperscale Data Center, Colocation Data Center, Wholesale Data Center, Enterprise Data Center, Edge Data Center), and Geography (North America, Europe, Asia Pacific, South & Central America)
The data center cooling fans market size was valued at US$ 461.49 million in 2023 and is expected to reach US$ 697.66 million by 2031. The data center cooling fans market is estimated to record a CAGR of 5.3% from 2023 to 2031.
The data center cooling fans market in Europe is further segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The data center industry in this region has witnessed exponential growth in recent years, fueled by the increasing demand for digital services and the need for efficient data management. As data centers continue to expand across Europe, the demand for reliable cooling solutions becomes crucial. Europe has emerged as a prominent hub for data center investments owing to its strategic location, robust digital infrastructure, and favorable business environment. As the number of data centers increases, the demand for effective cooling solutions, including cooling fans, rises in parallel.
Further, large firms such as Amazon, Microsoft, Facebook, and Google create a notably high demand for data centers in Europe. In addition, various initiatives have been taken to extend the data center infrastructure. In May 2024, ICG, a global alternative asset manager, and Teras Capital, an investment platform founded by prominent digital infrastructure entrepreneurs, announced the launch of Templus platform. Templus is the first cutting-edge and sustainable regional data center platform in Southern Europe, with a unique business model based on availability to end users, safety, and the greatest energy efficiency requirements. With a network of over 20 data centers, this platform has the potential to be the dominant regional colocation platform in Southern Europe. With an upsurge in data center investments and the need for energy efficiency, the demand for data center cooling fans is expected to grow in Europe, fueling the data center cooling fans market growth in the coming years.
Based on type, the data center cooling fans market is segmented into centrifugal fan, axial fan, mixed flow fan, and others. The axial fans segment held the largest data center cooling fans market share in 2023. Axial fans are an integral part of the cooling systems in data centers, where numerous electronic components generate substantial heat. Efficient airflow management, facilitated by axial fans, helps prevent equipment failures and ensures the reliability of data center operations. Axial fans move air in a direction parallel to the fan's axis of rotation, making them efficient for tasks such as cooling electronic components and exhausting hot air from confined spaces. These fans can move large volumes of air with relatively low power consumption, making them energy-efficient solutions for various applications. Axial fans are designed to operate quietly, making them suitable for areas where noise levels must be maintained to a minimum.
Canarm Ltd; ZIEHL-ABEGG SE; Continental Fan.; ebm-papst; Multi-Wing Group A/S; NOVENCO Building & Industry A/S; Mainstream Fluid & Air LLC; TWIN CITY FAN; Rosenberg Ventilatoren GmbH; Nidec Corp; Sofasco Fans; Systemair AB, Transmonk India Pvt. Ltd.; Blauberg Ventilatoren GmbH; Hidria d.o.o.; PBM Motor and Fan (Suzhou) Co Ltd; Regal Rexnord Corp; Hangzhou Kiron Motor Co., Ltd.; and Ningbo Longwell Electric Technology Co., Ltd are among the prominent players profiled in the data center cooling fans market report. Several other major players were also studied and analyzed in the data center cooling fans market report to get a holistic view of the market and its ecosystem.
The overall data center cooling fans market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the data center cooling fans market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the data center cooling fans market.