The data center cooling market is growing continually. Due to the rising data center economy, environmental controls like cooling, humidity, and others are becoming a high priority. Moreover, the increasing demand for adequate cooling to enable steady performances of buildings, industries, and power data center infrastructures escalate the data center cooling market value. Data Center Cooling Market share is expected to reach 24.86 Billion by 2030, with a CAGR of 10.31% by 2030.
Substantial investments in the development of energy-efficient coolers boost the market size. With rising numbers of data centers worldwide, the market is estimated to witness rapid revenue growth during the current decade.
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Key Players:
Players leading the global data center cooling market include
- Asetek A/S (Denmark)
- Fujitsu Ltd. (Japan)
- The Mitsubishi Group (Japan)
- Rittal GmbH Co. KG (Germany)
- Schneider Electric SE (France)
- Hitachi Ltd. (Japan)
- 3M (US)
- 4energy (UK)
- Degree Controls (US)
- HP Development Company LP (US)
- Wakefield-Vette Inc. (US)
- The Heico Companies LLC (US)
- IT Aire Inc. (US)
- Vertiv Co. (US)
- Cloudsite Intelligent Data Centers (US)
Browse In-depth Market Research Report on Data Center Cooling Market:
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Industry Trends:
In the data center industry, reliable cooling systems are crucial to enhance the life of the equipment. Data center cooling solutions and services increase energy efficiency in data centers. The spurring growth in IT telecom industries push the data center cooling market revenues. Besides, the rapid digitization of data centers and advances in data center digitalization and cloud computing foster the growth of the market.
On the flip side, high initial investments required for developing data center cooling systems are major factors projected to impede market growth. Nevertheless, increasing technological upgrades would support market growth throughout the forecast period, presenting cost-competitive manufacturing techniques that can reduce the overall cost of components systems.
Market Segments:
The data center cooling market report is segmented into cooling types, cooling techniques, services, organization size, and regions. The cooling type segment is sub-segmented into chillers, economizers, server cooling, and others. The cooling technique segment is sub-segmented into dual feed cooling systems, air-based, liquid-based, free cooling, and others.
The service segment is sub-segmented into professional service, managed service, and others. The organize size segment is sub-segmented into SMEs and large enterprises. Further, the region segment is sub-segmented into Europe, the Americas, Asia-Pacific, and rest-of-the-world.
Regional Analysis:
North America dominates the global data center cooling market. The largest market share attributes to the increasing demand for data centers and other commercial areas in the US, Canada, and Mexico. Besides, the strong presence of notable players, technology development centers, and data centers in the region drive the growth of the market. Moreover, substantial investments in data center cooling sectors boost the development of the regional market.
The data center cooling market in the Asia Pacific region is growing steadily. Factors such as the continuous growth across end-user industries and the presence of industry players boost the market growth. Additionally, the rising industrialization and urbanization in the region influence the regional market's growth. Furthermore, increasing awareness of energy-efficient products that can reduce the overall energy cost substantiates the growth of the regional market.
Emerging APAC countries, such as India, China, and Indonesia, hold considerable shares in the regional market, witnessing high demand from end-users such as power generation, petrochemical, oil gas, and others. The APAC data center cooling market is poised to create a substantial revenue pocket during the assessment period.
The highly competitive data center cooling market appears fragmented due to the presence of a number of well-established players. Players incorporate strategic initiatives such as collaboration, acquisition, partnership, product technology launch, and expansion to gain a larger competitive share.
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