Europe Data Center Cooling Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The European data center cooling market is projected to grow significantly, reaching approximately US$ 12,922.91 million by 2031, up from US$ 3,639.56 million in 2023, reflecting a compound annual growth rate (CAGR) of 17.2% during this period.

Executive Summary and Market Analysis

The growth of the data center cooling market in Europe is driven by innovative strategies from leading companies like OVHcloud, a major European cloud service provider. With over 20 years of experience, OVHcloud has pioneered sustainable and energy-efficient cooling solutions, utilizing proprietary liquid-cooled servers across its 34 data centers worldwide, which host over 450,000 servers. This focus on energy efficiency aligns with the rising demand for advanced cooling technologies in European data centers, significantly contributing to the market's anticipated growth. OVHcloud's commitment to sustainability and its substantial presence in the European cloud sector position it as a key player in the evolving data center cooling landscape.

In March 2024, OVHcloud announced a partnership with DATA4, emphasizing the importance of sustainable cooling solutions in Europe. This collaboration aims to implement OVHcloud's unique liquid cooling technology, showcasing the industry's commitment to efficient data center cooling practices.

Market Segmentation Analysis

The Europe data center cooling market can be segmented based on components, cooling types, data center types, and industry verticals:

Component Segmentation: The market includes air conditioning systems, chillers, air handling units, cooling towers, heat exchangers, humidifiers, and others. In 2023, air conditioning systems held the largest market share.
Cooling Type Segmentation: The market is divided into room-based cooling, row-based cooling, and rack-based cooling, with row-based cooling leading in market share in 2023.
Data Center Type Segmentation: This includes hyperscale, colocation, wholesale, and enterprise data centers, with hyperscale data centers dominating the market in 2023.
Industry Vertical Segmentation: The market spans various sectors, including IT and telecom, BFSI, healthcare, manufacturing, government and defense, media and entertainment, retail, energy, and others, with IT and telecom holding the largest share in 2023.

Market Outlook

The integration of AI and machine learning across industries is enhancing customer experiences, improving cybersecurity, and transforming business processes. The demand for robust infrastructure to support these technologies is increasing, particularly for compute-intensive applications. For example, Lenovo's recent launch of AI-centric infrastructure solutions aims to support demanding workloads across various sectors, including financial services and healthcare. Similarly, NVIDIA's introduction of the Blackwell GPU architecture, featuring 208 billion transistors, highlights the need for advanced cooling solutions due to the heat generated by powerful chips.

As organizations accumulate vast amounts of data, the need for advanced tools to convert this data into actionable insights becomes critical. The evolution of computing hardware has been a response to the growing demands for data processing and analytics, leading to increased power consumption and heat generation in data centers. Consequently, the rising temperatures in data centers underscore the importance of liquid cooling technologies to address these thermal challenges, further driving the demand for cooling solutions.

Country Insights

The European data center cooling market includes key countries such as the UK, Germany, France, the Netherlands, Italy, Russia, and others, with the UK holding the largest market share in 2023. Notable developments in the UK include Mercury Engineering's contributions to data center facilities, such as Equinix's LD10 Data Center in London. Additionally, CGG's inauguration of a high-performance computing hub in Southeast England, featuring immersion cooling infrastructure powered entirely by renewable energy, exemplifies the commitment to sustainable practices in the region.

Company Profiles

Key players in the European data center cooling market include Asetek, Mitsubishi Corp, Stulz SpA, Vertiv Group Corp, Aspen Systems, Daikin Industries, Delta Electronics, Danfoss, Motivair Corporation, Madison Industries, Fujitsu, Rittal, Schneider Electric, Trane Technologies, Black Box Corporation, Carrier Global, Alfa Laval, Hewlett Packard Enterprise, Boyd Corporation, and Evapco. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative solutions to consumers.

Product Code: BMIRE00031985

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Europe Data Center Cooling Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. Europe Data Center Cooling Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Demand for Compute-Intensive Workloads
- 5.1.2 Rising Investments in Data Centers
5.2 Market Restraints
- 5.2.1 High Cost Associated with Data Center Cooling
5.3 Market Opportunities
- 5.3.1 Advancements in Liquid Cooling Technologies
- 5.3.2 Growing Incorporation of Data Center Cooling Robots
5.4 Trends
- 5.4.1 AI-Optimized Cooling and Quieter Cooling Solutions
5.5 Impact of Drivers and Restraints:

6. Data Center Cooling Market - Europe Analysis

6.1 Europe Data Center Cooling Market Revenue (US$ Million), 2021-2031
6.2 Europe Data Center Cooling Market Forecast Analysis

7. Europe Data Center Cooling Market Analysis - by Component

7.1 Air Conditioning System
- 7.1.1 Overview
- 7.1.2 Air Conditioning System: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Chillers
- 7.2.1 Overview
- 7.2.2 Chillers: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Air Handling Units
- 7.3.1 Overview
- 7.3.2 Air Handling Units: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Cooling Towers
- 7.4.1 Overview
- 7.4.2 Cooling Towers: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Heat Exchangers
- 7.5.1 Overview
- 7.5.2 Heat Exchangers: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.6 Humidifiers
- 7.6.1 Overview
- 7.6.2 Humidifiers: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Europe Data Center Cooling Market Analysis - by Cooling Type

8.1 Room Based Cooling
- 8.1.1 Overview
- 8.1.2 Room Based Cooling: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Row Based Cooling
- 8.2.1 Overview
- 8.2.2 Row Based Cooling: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Rack Based Cooling
- 8.3.1 Overview
- 8.3.2 Rack Based Cooling: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Europe Data Center Cooling Market Analysis - by Data Center Type

9.1 Hyperscale Data Center
- 9.1.1 Overview
- 9.1.2 Hyperscale Data Center: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Colocation Data Center
- 9.2.1 Overview
- 9.2.2 Colocation Data Center: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Wholesale Data Center
- 9.3.1 Overview
- 9.3.2 Wholesale Data Center: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Enterprise Data Center
- 9.4.1 Overview
- 9.4.2 Enterprise Data Center: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Europe Data Center Cooling Market Analysis - by Industry Vertical

10.1 IT and Telecom
- 10.1.1 Overview
- 10.1.2 IT and Telecom: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Manufacturing
- 10.4.1 Overview
- 10.4.2 Manufacturing: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Government and Defense
- 10.5.1 Overview
- 10.5.2 Government and Defense: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Media and Entertainment
- 10.6.1 Overview
- 10.6.2 Media and Entertainment: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.7 Retail
- 10.7.1 Overview
- 10.7.2 Retail: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.8 Energy
- 10.8.1 Overview
- 10.8.2 Energy: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.9 Others
- 10.9.1 Overview
- 10.9.2 Others: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. Europe Data Center Cooling Market - Country Analysis

11.1 Europe
- 11.1.1 Europe Data Center Cooling Market Overview
- 11.1.2 Europe Data Center Cooling Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 Europe Data Center Cooling Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 United Kingdom: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.2.1 United Kingdom: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.2.2 United Kingdom: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.2.3 United Kingdom: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.2.4 United Kingdom: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.3 Germany: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.3.1 Germany: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.3.2 Germany: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.3.3 Germany: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.3.4 Germany: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.4 France: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.4.1 France: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.4.2 France: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.4.3 France: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.4.4 France: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.5 Netherlands: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.5.1 Netherlands: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.5.2 Netherlands: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.5.3 Netherlands: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.5.4 Netherlands: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.6 Italy: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.6.1 Italy: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.6.2 Italy: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.6.3 Italy: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.6.4 Italy: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.7 Russia: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.7.1 Russia: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.7.2 Russia: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.7.3 Russia: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.7.4 Russia: Europe Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.8 Rest of Europe: Europe Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.8.1 Rest of Europe: Europe Data Center Cooling Market Share - by Component
    - 11.1.2.8.2 Rest of Europe: Europe Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.8.3 Rest of Europe: Europe Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.8.4 Rest of Europe: Europe Data Center Cooling Market Share - by Industry Vertical

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments

14. Company Profiles

14.1 Asetek, Inc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Mitsubishi Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Stulz SpA
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Vertiv Group Corp.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Aspen Systems, LLC.
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Daikin Industries Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Delta Electronics Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Danfoss AS
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Motivair Corporation
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Madison Industries
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 Fujitsu Ltd
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Rittal GmbH & Co KG
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 Schneider Electric SE
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 Trane Technologies Plc
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Black Box Corporation
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
14.16 Carrier Global Corp
- 14.16.1 Key Facts
- 14.16.2 Business Description
- 14.16.3 Products and Services
- 14.16.4 Financial Overview
- 14.16.5 SWOT Analysis
- 14.16.6 Key Developments
14.17 Alfa Laval AB
- 14.17.1 Key Facts
- 14.17.2 Business Description
- 14.17.3 Products and Services
- 14.17.4 Financial Overview
- 14.17.5 SWOT Analysis
- 14.17.6 Key Developments
14.18 Hewlett Packard Enterprise Development LP
- 14.18.1 Key Facts
- 14.18.2 Business Description
- 14.18.3 Products and Services
- 14.18.4 Financial Overview
- 14.18.5 SWOT Analysis
- 14.18.6 Key Developments
14.19 Boyd Corp
- 14.19.1 Key Facts
- 14.19.2 Business Description
- 14.19.3 Products and Services
- 14.19.4 Financial Overview
- 14.19.5 SWOT Analysis
- 14.19.6 Key Developments
14.20 Evapco Inc
- 14.20.1 Key Facts
- 14.20.2 Business Description
- 14.20.3 Products and Services
- 14.20.4 Financial Overview
- 14.20.5 SWOT Analysis
- 14.20.6 Key Developments

15. Appendix

15.1 About Us
15.2 List of Abbreviations