Who are the key vendors in the Global Data Center Cooling Market?

The competitive landscape in the data center cooling market is highly competitive, with many established players and new entrants competing for market share. The market is dominated by a few key players, but there are also many smaller players offering innovative solutions. These companies offer a range of data center cooling solutions, from traditional air conditioning systems to liquid cooling and other innovative technologies. The competitive landscape is expected to remain highly competitive, with new entrants continuing to emerge and established players investing in research and development to maintain their market position. 'Schneider Electric SE', 'Vertiv Co.', 'Eaton Corporation plc', 'Rittal GmbH & Co. KG', 'Airedale International Air Conditioning Ltd.', 'STULZ GmbH', 'Asetek A/S', 'Coolcentric', 'Black Box Corporation', 'ClimateWorx International Inc.', 'Delta Electronics Inc.', 'Fujitsu Limited', 'Hewlett Packard Enterprise Development LP', 'IBM Corporation', 'Johnson Controls International plc', 'Mitsubishi Electric Corporation', 'Nortek Air Solutions LLC', 'Siemens AG', 'Trane Technologies plc', 'Vigilent Corporation'.

What is the key driver of Global Data Center Cooling Market?

With the rapid growth of cloud computing and data-intensive applications, the demand for data centers has increased significantly. This has led to a corresponding increase in the demand for data center cooling solutions.

What is the key market trend for Global Data Center Cooling Market?

Increased demand for energy-efficient solutions: With rising energy costs and concerns about environmental sustainability, there is growing demand for energy-efficient data center cooling solutions. Companies are investing in technologies such as liquid cooling, which can significantly reduce energy consumption compared to traditional air-cooled systems.

Which region accounted for the largest share in Global Data Center Cooling Market?

North America is expected to continue to lead the world in terms of demand for data center cooling systems in 2022 and will expand at a CAGR of over 12.7%, according to projections. The presence of internet behemoths like Facebook, Amazon Inc., and Google Inc. in the region suggests that new technology-based solutions will be adopted more gradually than in the past. Numerous IT enterprises are present in the area, which is home to a sizable number of data centers and opens up opportunities for the data center cooling solutions market.

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

Q: What is the global market size of Data Center Cooling Market?

Data Center Cooling Market size was valued at USD 13439.62 million in 2021 and is poised to grow from USD 15737.80 million in 2022 to USD 56145.9 million by 2030, at a CAGR of 17.1% during the forecast period (2023-2030).

Report ID: SQMIG45I2119 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 122 | Figures: 77

Data Center Cooling Market Competitive Landscape

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)

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What is the global market size of Data Center Cooling Market?

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).

Who are the key vendors in the Data Center Cooling Market?

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. '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) '

What is the key driver of Data Center Cooling Market?

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.

What is the key market trend for Data Center Cooling Market?

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.

Which region accounted for the largest share in Data Center Cooling Market?

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.

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