The report “Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System), Service, Type of Cooling, Data Center Type, Industry, & Geography – Global Forecast to 2030″, is projected to grow from USD 12.7 billion in 2023 to USD 29.6 billion by 2030, at a CAGR of 12.8% from 2023 to 2030. The market is witnessing robust growth worldwide due to increasing demand for cost-effective data center solutions and the rising importance of eco-friendly data center solutions.
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• 246 Market data Tables
• 49 Figures
• 261 Pages and in-depth TOC on “Data Center Cooling Market – Global Forecast to 2030″
Some of the prominent key players are:
- Asetek (Denmark),
- STULZ GmbH (Germany),
- Coolcentric (US),
- AdaptivCOOL (US),
- Airedale International (UK),
- Rittal GmbH & Co. KG (Germany), and many more….
Driver: Number of Data Centers and their Efficiency
The development of numerous data centers and a robust interest in building more efficient ones drive the cooling market. The uptake of cloud computing, AI, and IoT are becoming more common globally, driving the increase in demand for global data centers and helping drive a need to provide state-of-the-art cooling solutions. Cooling technologies, through liquid cooling systems and AI-driven optimization tools, ultimately help data centers become greener by reducing energy consumption or overall CAPEX. This is encouraging the adoption of advanced cooling solutions, which further necessitate companies across the globe to comply with strict regulations about energy efficiency, as well as huge efforts from top companies to minimize their carbon footprints. Increasing data generation and storage has fueled the demand for efficient cooling solutions in data centers, driving market share over the forecast period.
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IT & telecom segment, by industry, is projected to dominate the global data center cooling market, during the forecast period.
By industry, the IT & telecom segment is projected to dominate the global data center cooling market, during the forecast period. The continuous rise in data traffic, driven by the proliferation of digital services, cloud computing, and the Internet of Things (IoT), is a significant factor. IT and telecom data centers need robust cooling solutions to handle the escalating heat generated by high-density server equipment.
Asia Pacific is estimated to lead the global data center cooling market.
Asia Pacific will lead the data center cooling during the forecast period. Digital transformation, the proliferation of data centers, high-density computing trends, edge computing expansion, 5G network rollout, renewable energy integration, stringent environmental regulations, efficiency and cost savings considerations, and innovations in cooling technologies contribute to the dynamic growth of the data center cooling market in the Asia Pacific region.