USD 15.73 billion
Data Center Cooling Market Size, Share, Growth Analysis, By Solution(Air Conditioning, Precision Air Conditioners, Chilling Units, Cooling Towers), By Services(Consulting, Installation & Deployment, and Maintenance & Support), By End-Use(BFSI, IT & Telecom, Research & Academic, Government & Defense), By Cooling(Rack/Row-Based Cooling, and Room-Based Cooling), By Data Center Type(Mid-sized Data Centers, Enterprise Data Centers, and Large Data Centers), By Tier Level (Tier 1, Tier 2, Tier 3, and Tier 4), By Enterprise Size(Large Enterprise, Small & Medium Enterprises), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2119 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
122
|Figures:
77
Data Center Cooling Market Insights
Global Data Center Cooling Market size was valued at USD 13.56 Billion in 2022 and is poised to grow from USD 16.35 Billion in 2023 to USD 56.03 Billion by 2031, growing at a CAGR of 16.21% during the forecast period (2024-2031).
The increasing demand for energy efficient data centers is expected to provide lucrative growth opportunities for the market. Furthermore, the growth outlook can be attributed to the rapid increase in data production and subsequent rise in data centers demand globally. Data centers consume a lot of energy, generating a lot of heat, and necessitating that effective cooling equipment is obtained.
Additionally, the increasing popularity of OTT platforms and streaming services has dramatically increased the amount of data; which is expected to increase demand. This demand is directly proportional to the growth in the number of data center facilities worldwide. Increased spending on IT infrastructure after the pandemic is creating opportunities for new and existing data center facilities to expand worldwide. Moreover, software-based data centers are also contributing to the growth of the market by offering increased levels of automation.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Raised Floor with Containment
Fastest Growth
Raised Floor with Containment
Growth Rate
17.1% CAGR
Global Data Center Cooling Market ($ Bn)
Country Share for North America Region (%)
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Data Center Cooling Market Segmental Analysis
Global Data Center Cooling Market is segmented based Solution, Services, End-use Industry, Cooling, Data Center Type, and Region. Based on Solution, the market is segmented into Air Conditioning, Precision Air Conditioners, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others. Based on Services, the market is segmented into Consulting, Installation & Deployment, and Maintenance & Support. Based on End-use Industry, the market is segmented into BFSI, IT & Telecom, Research & Academic, Government & Defense, Retail, Manufacturing, Healthcare, Energy, and Others. Based on Cooling, the market is segmented into Rack/Row-Based Cooling, and Room-Based Cooling. Based on Data Center Type, the market is segmented into Mid-sized Data Centers, Enterprise Data Centers, and Large Data Centers. Based on region the global data center cooling market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
The non-raised floor segment accounted for the largest revenue share of around 52% in 2023. Non-raised flooring is important for modern inspection and integration of temperature monitoring systems. It can enable service providers to monitor temperatures internal changes on a real-time basis throughout the data center to identify and address problems. An increasing number of non-elevated flooring options are being offered to meet demands for sustainability and energy efficiency. Increases in materials science, design, and cooling technologies will reduce the harmful environmental impacts of data centers.
The raised segment is expected to witness the fastest CAGR from 2024 to 2031. Technological advancements are driving the market expansion for advanced floor data center cooling. Air conditioning system management in data centers is simplified by the adoption of raised floors. The underfloor chamber is used to implement various containment strategies, such as a mixture of hot and cold strategies. By blocking hot and normal airflow, strategic airflow control improves the overall efficiency of the cooling system. Integration of advanced technologies such as sensors and tracking systems is facilitated by a raised floor. In the data center cooling sector, this system provides dynamic management of the cooling tower infrastructure through real-time data on environmental conditions thus driving segment growth.
Analysis by Services
The installation & deployment segment led the market and accounted for the largest revenue share in 2023. The installation and operation of water heat extraction equipment can significantly impact capacity and pro-climate control programs and improve the segment. Additional refrigeration and fan installations are included with the service, making it easy to balance design and customization. Combined with optimization and strategic planning, cooling systems can operate without overheating and with minimal negative impact on the environment.
The maintenance service segment is expected to witness the highest CAGR from 2024 to 2031. The data center cooling and maintenance services segment enables companies to expand services, power consumption and storage rapidly. Schedule switching enables change in the maintenance service segment. It is expected to continue to see innovations in areas such as liquid cooling technologies and the increasing use of direct chip cooling methods for thermal efficiency.
Global Data Center Cooling Market By Services (%)
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Data Center Cooling Market Regional Insights
In 2023, North America led the global demand for data center cooling solutions and is expected to grow at an estimated CAGR of over 12.0% from 2024 to 2031. Facebook, Amazon Inc., and Google Inc. including data centers in this region, marked by the presence of numerous IT companies, which have developed strategies for the data center cooling solutions industry thus boosting the growth of the market in North America. Several large data center operators' technologies in North America, driven by rapid adoption of cloud services, increased data traffic and technological advances. There are also companies contributing to the demand for advanced cooling agents. Moreover, stringent regulations on energy efficiency and environmental sustainability are fueling the adoption of new cooling technologies in the region.
Asia-Pacific gain prominence from 2024 to 2031 as the usage of data center and cooling systems is expected to increase in the telecom sector. This can be attributed to the increasing number of employees for external IT infrastructure services that are business about critical information. The data center cooling market in China is expected to grow at a CAGR of 21.9% from 2024 to 2031. More data center operators across the country are expected to use intelligent power allocation and management systems though monitor, control and optimize. Moreover, advanced data center cooling solutions developed by Chinese companies are driving the market growth in China.
Global Data Center Cooling Market By Geography
- Largest
- Fastest
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Data Center Cooling Market Dynamics
Data Center Cooling Market Drivers
Rise in the Data Intensification
- Increasing demands for data storage and processing, driven by expanded cloud computing, big data analytics, and digital transformation, are driving the need for multiple data centers. Projects and customers generate and consume large amounts of data, requiring large amounts of data processing central capacity.
Rising Adoption of Cloud Services
- Rapid enterprise adoption of cloud services is an important driver of the data center cooling market. Companies are shifting from on-premises infrastructure to cloud-based solutions to increase scalability, flexibility and cost savings. This trend is encouraging data center operators to expand their facilities and invest in advanced technology.
Restraints
High Operating Costs
- Operating data centers involves high costs including energy consumption, cooling systems and maintenance. The high costs associated with managing and maintaining data centers can be a significant limitation, especially for small businesses or start-ups with limited budgets.
Environmental Concerns and Regulations
- Data centers consume a lot of energy and contribute to carbon emissions. Increasing regulatory pressures on sustainability, energy efficiency, and environmental concerns pose challenges for data center operators. Compliance with stringent environmental regulations may require significant investments in green technologies and practices.
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Data Center Cooling Market Competitive Landscape
The competitive landscape of the global data center cooling market is dominated by a mix of established tech giants and emerging players. Key players lead the market with extensive global networks, advanced technologies, and substantial financial resources. Equinix, a global leader in data center and colocation services, partnered with Google Cloud to enhance hybrid cloud solutions. This collaboration allows customers to seamlessly connect their on-premises infrastructure with Google Cloud’s services, offering increased flexibility and scalability. The partnership leverages Equinix’s extensive global data center network to provide low-latency connections and improved performance for Google Cloud users.
Top Player’s Company Profiles in Data Center Cooling Market
- Schneider Electric SE (France)
- Vertiv Co. (US)
- Eaton Corporation plc (Ireland)
- Rittal GmbH & Co. KG (Germany)
- STULZ GmbH (Germany)
- Asetek A/S (Denmark)
- Coolcentric (US)
- ClimateWorx International Inc. (Canada)
- Delta Electronics Inc. (Taiwan)
- Fujitsu Limited (Japan)
- Hewlett Packard Enterprise Development LP (US)
- IBM Corporation (US)
- Johnson Controls International plc (Ireland)
- Mitsubishi Electric Corporation (Japan)
- Nortek Air Solutions LLC (US)
- Trane Technologies plc (Ireland)
- Vigilent Corporation (US)
- Lenovo Group Limited (China)
- Huawei Technologies Co., Ltd. (China)
- CommScope Holding Company, Inc. (US)
- Munters Group AB (Sweden)
- Emerson Electric Co. (US)
Data Center Cooling Market Recent Developments
- In October 2023, Schneider Electric announced that it is investing $1.2 million for its Sustainable Tropical Data Center Testbed (STDCT), a facility at the National University of Singapore (NUS) funded by the National Research Foundation of Singapore. Since maintaining regulated systems in data centers in tropical countries like Singapore tends to consume excess energy and energy with high costs.
- In May 2023, Vertiv Group Corporation announced the launch of Liebert PKDX, a single, vertical thermal management system for data centers. The units have rack sensors, intelligent controls and central optimization system control to facilitate optimization of data center thermal management. India now has access to Liebert PKDX. With its plug-and-play design, the Liebert PKDX unit is incredibly quick to install, uses zero water, and requires no white space in the data hall.
- Rittal GmbH & Co. KG and STULZ GMBH entered a global partnership in 2021 and have now begun pursuing partnerships in the US. As a result, the two certified leaders will have an enhanced ability to provide customers with comprehensive, customized solutions. Rittle’s wide range of IT systems will benefit from Stulz’s portfolio of high-end IT and comprehensive refrigeration systems.
Data Center Cooling Key Market Trends
- Rise in the Edge Computing Growth: The rise of edge computing is changing the data center landscape. Since tasks and applications require faster data processing and lower latency, edge computing brings data processing closer to the data source. This trend is driving smaller distributed data centers alongside larger traditional data centers and provides efficient and real -time data processing.
- Rising Adoption of Liquid Cooling Solutions in Data Centers: A considerable trend in the data center cooling marketplace is the developing adoption of liquid cooling solutions. As data facilities continue to grow in size and complexity, the need for extra green and effective cooling methods has come to be crucial. Traditional air-cooling systems are frequently insufficient for coping with the warmth generated with the aid of high-density servers, mainly to the exploration of liquid cooling technologies. Liquid cooling gives numerous advantages, together with better thermal efficiency, reduced electricity consumption, and the capacity to chill greater densely packed hardware.
Data Center Cooling Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the market is evolving, as companies continue to invest in digital technologies. This is because many organizations are now shifting to the use of data centers in their business operations after realizing that business decisions, which are aptly informed by data, depend on the reliability of the data centers. Several significant factors prevail as the determining forces within the markets. The increase usage of cloud computing services is among the key factors that contribute to the adoption of hybrid cloud networks.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.56 Billion |
| Market size value in 2031 | USD 56.03 Billion |
| Growth Rate | 16.21% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Data Center Cooling Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Data Center Cooling Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Data Center Cooling Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Data Center Cooling Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Data Center Cooling Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Data Center Cooling Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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