Data Center Cooling Industry Overview
The global data center cooling market size was valued at USD 13.28 billion in 2021 and is expected to reach USD 56.15 billion by 2030, advancing at a CAGR of 17.2% over the forecast period. The growing demand for energy-efficient data centers along with planned future investments are expected to create avenues for future growth. Several managed, as well as cloud services providers in the industry, are planning future expansion plans to meet the growing demand. Furthermore, the hyperscale data center industry is also gaining traction.
The proliferation of cloud services, growing prominence of big data, and increase penetration of connected devices are encouraging organizations to increase their investments in building new data center facilities. All these factors are projected to favor the data center cooling demand over the next eight years. As such, the demand for cooling solutions is directly proportional to an increase in the number of data center facilities globally.
As of 2021, China was the largest data center market in Asia Pacific, experiencing double-digit growth over the last few years. Data centers are the heart of China’s IT industry growth. As such the Chinese market for data center cooling is expected to witness favorable growth during the forecast years.
Gather more insights about the market drivers, restrains and growth of the Global Data Center Cooling Market
Increasing IT infrastructure spending, and more so as a result of the pandemic, is creating avenues for expansion of existing as well as new data center facilities globally. As such, software-based data centers are also contributing to the market growth by providing an improved level of automation. A shift towards digital transformation amidst the pandemic has further instigated the need for building data center facilities that offer scalability, security, and flexibility. Therefore, as investments in new datacenter facilities witness an uptick, the demand for the datacenter cooling market is also expected to witness a favorable progress.
Datacenters are a hotspot of all critical IT infrastructure across several verticals, including manufacturing, BFSI, retail, healthcare, etc. The need to manage huge volumes of data while offering networking capabilities is the key reason driving datacenter investments in these verticals. However, datacenters dissipate high amount of heat and hence require cooling solutions to keep the system working without any outages. Therefore, datacenter cooling solutions are of paramount importance to any data center facility.
Data Center Cooling Market Segmentation
Based on the Product Insights, the market is segmented into Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Units, and Others.
Based on the Application Insights, the market is segmented into Telecom, IT, Retail, Healthcare, BFSI, Energy, and Others.
Based on the Containment Insights, the market is segmented into Raised Floor with Containment, and Raised Floor without Containment.
Based on the Structure Insights, the market is segmented into Rack-based, Row-based, and Room-based Cooling,
Based on the Data Center Cooling Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market Share Insights:
Key Companies Profile:
The global market for data center cooling is characterized by intense competition with prevalence of global giants in this space. Focus on product quality while offering energy efficient solutions is a key trend governing new strategies.
Some of the prominent players in the global data center cooling market include:
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