Data Center Cooling Market is Expected to Enhance USD 56,145.9 Million Revenue By 2030: Grand View Research Inc.

 Data Center Cooling Market Growth & Trends

The global data center cooling market size is expected to reach USD 56,145.9 million by 2030 and is expected to expand at 17.1% CAGR from 2023 to 2030, according to a study conducted by Grand View Research, Inc. An increase in the number of data centers facilities worldwide is favoring rapid growth in this sector. Additionally, a gradual shift towards cloud services is creating demand for eco-friendly cooling technology.

Favorable initiatives by governing bodies across the globe focused on promoting cloud proliferation are driving demand for data centers, while simultaneously creating footprints for the data center cooling industry to follow. For instance, the United Arab Emirates (UAE) funded several projects related to cloud computing such as Smart Abu Dhabi or Smart Dubai. These projects were aimed at rapid digital transformation among enterprises, while simultaneously driving economic growth for the country. These kinds of initiatives by different governments globally will impel data center demand globally, thereby proliferating the demand for cooling solutions.

Data center expansion is often associated with high CO2 emissions and increased energy usage. Furthermore, data center cooling solutions are estimated to account for 35% of the total energy consumption in data center facilities. Therefore, the vendors in this space continue to introduce sustainable cooling solutions to save over 70% of the cost associated with cooling. For example, Apple’s North Carolina data center facility operates on sustainable power sources, and data center cooling is achieved through the free-air cooling technique, allowing the chillers to be turned off for almost 80% of their operational duration.

Additionally, there is increasing pressure from local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Hence, the rising demand for environment-friendly and cost-effective cooling solutions is anticipated to propel the growth of the data center cooling industry. However, high maintenance and installation costs, carbon emissions, and electricity consumption are some of the challenges affecting the market growth.

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Data Center Cooling Market Report Highlights

• IT & telecom captured over 45% of the overall revenue share in 2022. 5G penetration and the pandemic brought about a rapid need for digital transformation among enterprises. It remained the key driver of success over the last few years
• Although raised floor containment is ranked third among all containment types, it is expected to gain traction during the forecast period. The segment in terms of USD is projected to surpass a revenue demand of approximately 12 million by 2030
• Although raised floor without containment category was popular in earlier days, several factors such as ineffective cooling and costs have driven down the demand over the last few years
• The worldwide data center cooling industry is expected to witness substantial growth owing to the need for enhanced cooling techniques to negate the scorching heat due to rising global temperatures

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Data Center Cooling Market Segmentation

Grand View Research has segmented the global data center cooling market based on product, application, containment, structure, and region:

Data Center Cooling Product Outlook (Revenue, USD Million, 2018 - 2030)

• Air Conditioners
• Precision Air Conditioners
• Chillers
• Air Handling Units
• Others

Data Center Cooling Application Outlook (Revenue, USD Million, 2018 - 2030)

• Telecom
• IT
• Retail
• Healthcare
• BFSI
• Energy
• Others

Data Center Cooling Containment Outlook (Revenue, USD Million, 2018 - 2030)

• Raised Floor with Containment
• Hot Aisle Containment (HAC)
• Cold Aisle Containment (CAC)
• Raised Floor without Containment

Data Center Cooling Structure Outlook (Revenue, USD Million, 2018 - 2030)

• Rack-based Cooling
• Row-based Cooling
• Room-based Cooling

Data Center Cooling Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Nordic Countries
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa (MEA)

List of Key Players in the Data Center Cooling Market

• Air Enterprises
• Asetek, Inc.
• Climaveneta
• Coolcentric
• Fujitsu
• NTT Limited
• Schneider Electric
• STULZ GMBH
• Rittal GmBH & Co. KG
• Hitachi, Ltd.
• Telx Inc
• Vertiv Group Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.