Global Data Center Cooling Market Size Study & Forecast, by Product, By Data Center Type, By Cooling Technique, By Industry, and Regional Analysis, 2023-2030

Description

List of Tables

Global Data Center Cooling Market is valued at approximately USD 13.51 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2023-2030. Data centers play a pivotal role for organizations, offering centralized storage, networking, and backup capabilities. The surge in the demand for higher computing capacity is fueled by the exponential growth of data generation, resulting in increased energy consumption within data centers. This heightened energy usage has raised both financial and environmental concerns, prompting a push for optimized data center cooling strategies. Data center cooling encompasses the monitoring, measurement, and regulation of resources and energy consumption in IT equipment such as servers, network switches, and storage units, including infrastructure components such as computer room air conditioners and power distribution units (PDUs). Data center operators are required to deploy and manage their IT hardware infrastructures to meet the escalating demands for data storage and services such as backup, archiving, and authentication management, which is expected to drive growth in the data center cooling market. Also, factors such as growing investment in the IT & telecom sector, rising emphasis on the redundancy and reliability, increasing volume of digital data, coupled with emergence of green data centers are the most prominent factors that are propelling the market demand across the globe. Also, scalable and localized cooling solutions are needed to support edge data centers and guarantee optimal performance in dispersed computing settings as a result of the growing number of edge computing installations, which move data processing closer to the source of data production. According to Statista, in 2020, the sector size of Edge computing accounted for USD 153 billion globally, which is anticipated to rise to USD 317 billion by 2026. Consequentially, the rapid proliferation of edge computing is bolstering the market growth.

In addition, the surge in hyperscale data centers is further exhibiting a positive influence on the market growth at a substantial rate. Hyperscale data centers are massive facilities housing vast computing resources for large cloud service providers. As per Statista, in 2021, the number of hyperscale data centers globally reached 700, which is an increase from 597 hyperscale data centers in 2020. These facilities require equally impressive cooling solutions to handle the immense heat generated by their packed servers. Moreover, the rise in the demand for energy-efficient and cost-effective data centers, as well as the surge in deployment of high-performance computing (HPC) systems presents various lucrative opportunities over the forecasting years. However, the adaptability requirements and power outages, along with the high investment costs associated with the design and maintenance of these solutions are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Data Center Cooling Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the presence of tech giants such as Facebook, Amazon Inc., and Google Inc. The region boasts a significant concentration of data centers due to the presence of numerous IT companies, creating opportunities for growth in the data center cooling solutions industry. This trend is further fueled by substantial spending and investment in data centers. For instance, in May 2022, Intel launched a new Data Center Sustainability Initiative, investing USD 700 million to establish a dedicated research center for liquid and immersion cooling. Additionally, Intel introduced the first reference design for immersion cooling technology, aiming to promote its utilization in data centers. Thereby, these developments are expected to fuel market growth in North America. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rising number of providers offering external IT infrastructure services, responsible for managing crucial business data and applications are significantly propelling the market demand. Also, the Asia Pacific region is witnessing a rapid expansion in data center infrastructure, primarily driven by substantial investments in digital transformation, widespread adoption of cloud computing, and AI-driven applications by businesses and governments. This surge in advanced computing systems has led to an increased demand for efficient cooling solutions capable of managing the generated heat. Data center cooling, with its capacity for adequate heat dissipation and energy efficiency, is positioned to cater to the evolving requirements of data centers in the Asia Pacific region.

Major market players included in this report are:

Asetek, Inc. (U.S.)
Rittal GmbH & Co. KG (Germany)
Schneider Electric (France)
Coolcentric TM(U.S.)
Vertiv Group Corp. (U.S.)
STULZ GMBH (Germany)
Hitachi, Ltd. (Japan)
Nortek Holdings Inc (Italy)
LiquidStack Holding B.V. (U.S.)
Munters Corporation (Sweden)

Recent Developments in the Market:

In March 2023, Castrol declared that the company has partnered with GRC's ElectroSafe Fluid Partner Program, aimed at reducing water and energy usage in data centers. Castrol contributes to GRC's leadership in data center immersion cooling solutions by providing cutting-edge immersion cooling fluids.
In May 2022 - Alibaba Cloud, a leading Chinese digital technology company, inaugurated its third data center in Germany, offering a comprehensive suite of cloud services including storage, networking, and databases. The data center incorporates a highly efficient air conditioning system that leverages dry coolers using ambient temperatures, providing over 6,500 hours of free cooling annually and minimizing reliance on mechanical refrigeration.
In May 2023, Fujitsu and Microsoft unveiled a worldwide collaboration focused on facilitating "sustainability transformation" and assisting enterprises in migrating their workloads to cloud environments. This partnership offers businesses a holistic solution for updating and optimizing their IT infrastructure leveraging Fujitsu's proficiency in data center infrastructure alongside Microsoft's Azure cloud computing platform.

Global Data Center Cooling Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Data Centre Type, Cooling Technique, Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Air Conditioners
Precision Air Conditioners
Liquid Cooling
Air Handling Unit
Others

By Data Center Type:

Large Scale
Medium Scale
Small Scale

By Cooling Technique:

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

By Industry:

BFSI
IT and Telecom
Manufacturing
Retail
Healthcare
Energy and Utilities
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Data Center Cooling Market, by region, 2020-2030 (USD Billion)
- 1.2.2.Data Center Cooling Market, by Product, 2020-2030 (USD Billion)
- 1.2.3.Data Center Cooling Market, by Data Center Type, 2020-2030 (USD Billion)
- 1.2.4.Data Center Cooling Market, by Cooling Technique, 2020-2030 (USD Billion)
- 1.2.5.Data Center Cooling Market, by Industry, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Data Center Cooling Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Data Center Cooling Market Dynamics

3.1.Data Center Cooling Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Surge in hyperscale data centres
  - 3.1.1.2.Rising proliferation of edge computing
- 3.1.2.Market Challenges
  - 3.1.2.1.Adaptability requirements and power outages
  - 3.1.2.2.High investment costs associated with the design and maintenance of these solutions
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rise in the demand for energy-efficient and cost-effective data centers
  - 3.1.3.2.Surge in deployment of high-performance computing (HPC) systems

Chapter 4.Global Data Center Cooling Market: Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economic
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Data Center Cooling Market, by Product

5.1.Market Snapshot
5.2.Global Data Center Cooling Market by Product, Performance - Potential Analysis
5.3.Global Data Center Cooling Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4.Data Center Cooling Market, Sub Segment Analysis
- 5.4.1.Air Conditioners
- 5.4.2.Precision Air Conditioners
- 5.4.3.Liquid Cooling
- 5.4.4.Air Handling Unit
- 5.4.5.Others

Chapter 6.Global Data Center Cooling Market, by Data Center Type

6.1.Market Snapshot
6.2.Global Data Center Cooling Market by Data Center Type, Performance - Potential Analysis
6.3.Global Data Center Cooling Market Estimates & Forecasts by Data Center Type 2020-2030 (USD Billion)
6.4.Data Center Cooling Market, Sub Segment Analysis
- 6.4.1.Large Scale
- 6.4.2.Medium Scale
- 6.4.3.Small Scale

Chapter 7.Global Data Center Cooling Market, by Cooling Technique

7.1.Market Snapshot
7.2.Global Data Center Cooling Market by Cooling Technique, Performance - Potential Analysis
7.3.Global Data Center Cooling Market Estimates & Forecasts by Cooling Technique 2020-2030 (USD Billion)
7.4.Data Center Cooling Market, Sub Segment Analysis
- 7.4.1.Room-based Cooling
- 7.4.2.Rack-based Cooling
- 7.4.3.Row-based Cooling

Chapter 8.Data Center Cooling Market, by Industry

8.1.Market Snapshot
8.2.Global Data Center Cooling Market by Industry, Performance - Potential Analysis
8.3.Global Data Center Cooling Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
8.4.Data Center Cooling Market, Sub Segment Analysis
- 8.4.1.BFSI
- 8.4.2.IT and Telecom
- 8.4.3.Manufacturing
- 8.4.4.Retail
- 8.4.5.Healthcare
- 8.4.6.Energy and Utilities
- 8.4.7.Others

Chapter 9.Global Data Center Cooling Market, Regional Analysis

9.1.Top Leading Countries
9.2.Top Emerging Countries
9.3.Data Center Cooling Market, Regional Market Snapshot
9.4.North America Data Center Cooling Market
- 9.4.1.U.S. Data Center Cooling Market
  - 9.4.1.1.Product breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2.Data Center Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3.Cooling Technique breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4.Industry breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Data Center Cooling Market
9.5.Europe Data Center Cooling Market Snapshot
- 9.5.1.U.K. Data Center Cooling Market
- 9.5.2.Germany Data Center Cooling Market
- 9.5.3.France Data Center Cooling Market
- 9.5.4.Spain Data Center Cooling Market
- 9.5.5.Italy Data Center Cooling Market
- 9.5.6.Rest of Europe Data Center Cooling Market
9.6.Asia-Pacific Data Center Cooling Market Snapshot
- 9.6.1.China Data Center Cooling Market
- 9.6.2.India Data Center Cooling Market
- 9.6.3.Japan Data Center Cooling Market
- 9.6.4.Australia Data Center Cooling Market
- 9.6.5.South Korea Data Center Cooling Market
- 9.6.6.Rest of Asia Pacific Data Center Cooling Market
9.7.Latin America Data Center Cooling Market Snapshot
- 9.7.1.Brazil Data Center Cooling Market
- 9.7.2.Mexico Data Center Cooling Market
9.8.Middle East & Africa Data Center Cooling Market
- 9.8.1.Saudi Arabia Data Center Cooling Market
- 9.8.2.South Africa Data Center Cooling Market
- 9.8.3.Rest of Middle East & Africa Data Center Cooling Market

Chapter 10.Competitive Intelligence

10.1.Key Company SWOT Analysis
10.2.Top Market Strategies
10.3.Company Profiles
- 10.3.1.Asetek, Inc. (U.S.)
  - 10.3.1.1.Key Information
  - 10.3.1.2.Overview
  - 10.3.1.3.Financial (Subject to Data Availability)
  - 10.3.1.4.Product Summary
  - 10.3.1.5.Recent Developments
- 10.3.2.Rittal GmbH & Co. KG (Germany)
- 10.3.3.Schneider Electric (France)
- 10.3.4.Coolcentric TM (U.S.)
- 10.3.5.Vertiv Group Corp. (U.S.)
- 10.3.6.STULZ GMBH (Germany)
- 10.3.7.Hitachi, Ltd. (Japan)
- 10.3.8.Nortek Holdings Inc (Italy)
- 10.3.9.LiquidStack Holding B.V. (U.S.)
- 10.3.10.Munters Corporation (Sweden)

Chapter 11.Research Process

11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
11.2.Research Attributes
11.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Data Center Cooling Market, report scope
TABLE 2.Global Data Center Cooling Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3.Global Data Center Cooling Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4.Global Data Center Cooling Market estimates & forecasts by Data Center Type 2020-2030 (USD Billion)
TABLE 5.Global Data Center Cooling Market estimates & forecasts by Cooling Technique 2020-2030 (USD Billion)
TABLE 6.Global Data Center Cooling Market estimates & forecasts by Industry 2020-2030 (USD Billion)
TABLE 7.Global Data Center Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Data Center Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Data Center Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Data Center Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Data Center Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Data Center Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Data Center Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Data Center Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Data Center Cooling Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.Global Data Center Cooling Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18.U.S. Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.U.S. Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20.Canada Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21.Canada Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.Canada Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23.UK Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24.UK Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.UK Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26.Germany Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27.Germany Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.Germany Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29.France Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30.France Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.France Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32.Italy Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33.Italy Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Italy Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35.Spain Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36.Spain Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.Spain Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38.RoE Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39.RoE Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.RoE Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41.China Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42.China Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.China Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44.India Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45.India Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.India Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47.Japan Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48.Japan Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.Japan Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50.South Korea Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51.South Korea Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.South Korea Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53.Australia Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54.Australia Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.Australia Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56.RoAPAC Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57.RoAPAC Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.RoAPAC Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59.Brazil Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60.Brazil Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Brazil Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62.Mexico Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63.Mexico Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.Mexico Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65.RoLA Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66.RoLA Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.RoLA Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68.Saudi Arabia Data Center Cooling Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69.South Africa Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.RoMEA Data Center Cooling Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71.List of secondary sources, used in the study of global Data Center Cooling Market
TABLE 72.List of primary sources, used in the study of global Data Center Cooling Market
TABLE 73.Years considered for the study
TABLE 74.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Data Center Cooling Market, research methodology
FIG 2.Global Data Center Cooling Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Data Center Cooling Market, key trends 2022
FIG 5.Global Data Center Cooling Market, growth prospects 2023-2030
FIG 6.Global Data Center Cooling Market, porters 5 force model
FIG 7.Global Data Center Cooling Market, pest analysis
FIG 8.Global Data Center Cooling Market, value chain analysis
FIG 9.Global Data Center Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Data Center Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Data Center Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Data Center Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Data Center Cooling Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Data Center Cooling Market, regional snapshot 2020 & 2030
FIG 15.North America Data Center Cooling Market 2020 & 2030 (USD Billion)
FIG 16.Europe Data Center Cooling Market 2020 & 2030 (USD Billion)
FIG 17.Asia pacific Data Center Cooling Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Data Center Cooling Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Data Center Cooling Market 2020 & 2030 (USD Billion)