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

Description

List of Tables

The Asia Pacific data center cooling market is projected to grow significantly, reaching approximately US$ 10,645.55 million by 2031, up from US$ 2,769.64 million in 2023, with a compound annual growth rate (CAGR) of 18.3% during this period.

Executive Summary and Market Analysis

In September 2021, Vantage Data Centers, a leading global provider of hyperscale data center campuses, made a strategic entry into the Asia Pacific market through two acquisitions. This expansion was bolstered by a substantial equity investment of US$ 1.5 billion from DigitalBridge Investment Management and other investors. Vantage aims to provide data center services in major cities such as Tokyo, Osaka, Melbourne, Hong Kong, and Kuala Lumpur, focusing on the needs of hyperscale, cloud, and large enterprise clients. This move is expected to significantly influence the growth of the data center cooling market in the region.

The demand for sustainable and energy-efficient cooling solutions is increasingly critical in Asia Pacific. Cooling systems account for a large portion of total energy consumption in data centers, prompting a shift from traditional air-based cooling to more efficient liquid cooling systems. This transition is driven by the advantages of lower operational costs, reduced environmental impact, and easier maintenance associated with liquid cooling technologies.

Market Segmentation Analysis

The Asia Pacific data center cooling market can be segmented by component, cooling type, data center type, and industry vertical:

Component: 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: The market is divided into room-based cooling, row-based cooling, and rack-based cooling, with room-based cooling leading in market share in 2023.
Data Center Type: Segmentation includes hyperscale, colocation, wholesale, and enterprise data centers, with hyperscale data centers dominating the market in 2023.
Industry Vertical: The market is categorized into 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 future of data center cooling is likely to be shaped by AI-optimized cooling solutions as organizations strive to manage the heat generated by advanced technologies like AI, machine learning, and edge computing. This trend is essential for maintaining optimal temperatures for high-density equipment, which traditional cooling systems struggle to achieve. AI-optimized cooling systems utilize artificial intelligence to monitor and adjust cooling in real-time, enhancing energy efficiency and hardware reliability. For example, in 2024, Eaton introduced SmartRack modular data center solutions that integrate IT racks, cooling, and service enclosures, addressing the growing need for machine learning and AI integration. Additionally, Asetek and Fabric8Labs announced a partnership to develop the AI-Optimized Cold Plate, a groundbreaking liquid cooling solution unveiled at Computex 2024, aimed at enhancing performance and efficiency.

Noise pollution from cooling systems is a significant concern in data centers, primarily due to the noise generated by compressors and fans. Many operators are considering liquid immersion cooling as a quieter alternative. For those not ready to adopt immersion cooling, optimizing airflow can effectively reduce noise from traditional cooling systems.

Country Insights

The Asia Pacific data center cooling market includes key countries such as China, India, Australia, Japan, South Korea, and others, with China holding the largest market share in 2023. Major cities like Shanghai, Beijing, Guangzhou, Shenzhen, and Chengdu are pivotal for data center infrastructure and colocation services. China has 92 data center facilities, with Equinix and iAdvantage being the leading providers. The country is exploring innovative cooling solutions, such as ocean cooling, to lower costs and reduce reliance on traditional energy sources. The demand for cooling solutions in China is driven by the rapid adoption of cloud computing, big data, AI, and IoT, leading to increased use of economizer systems, liquid cooling, and other advanced cooling technologies.

Company Profiles

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

Product Code: BMIRE00031986

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. Asia Pacific 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. Asia Pacific 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 - Asia Pacific Analysis

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

7. Asia Pacific Data Center Cooling Market Analysis - by Component

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

8. Asia Pacific Data Center Cooling Market Analysis - by Cooling Type

8.1 Room Based Cooling
- 8.1.1 Overview
- 8.1.2 Room Based Cooling: Asia Pacific 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: Asia Pacific 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: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Asia Pacific Data Center Cooling Market Analysis - by Data Center Type

9.1 Hyperscale Data Center
- 9.1.1 Overview
- 9.1.2 Hyperscale Data Center: Asia Pacific 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: Asia Pacific 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: Asia Pacific 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: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Asia Pacific Data Center Cooling Market Analysis - by Industry Vertical

10.1 IT and Telecom
- 10.1.1 Overview
- 10.1.2 IT and Telecom: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Manufacturing
- 10.4.1 Overview
- 10.4.2 Manufacturing: Asia Pacific 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: Asia Pacific 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: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.7 Retail
- 10.7.1 Overview
- 10.7.2 Retail: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.8 Energy
- 10.8.1 Overview
- 10.8.2 Energy: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.9 Others
- 10.9.1 Overview
- 10.9.2 Others: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. Asia Pacific Data Center Cooling Market - Country Analysis

11.1 Asia Pacific
- 11.1.1 Asia Pacific Data Center Cooling Market Overview
- 11.1.2 Asia Pacific Data Center Cooling Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 Asia Pacific Data Center Cooling Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 China: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.2.1 China: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.2.2 China: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.2.3 China: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.2.4 China: Asia Pacific Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.3 India: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.3.1 India: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.3.2 India: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.3.3 India: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.3.4 India: Asia Pacific Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.4 Australia: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.4.1 Australia: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.4.2 Australia: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.4.3 Australia: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.4.4 Australia: Asia Pacific Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.5 Japan: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.5.1 Japan: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.5.2 Japan: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.5.3 Japan: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.5.4 Japan: Asia Pacific Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.6 South Korea: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.6.1 South Korea: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.6.2 South Korea: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.6.3 South Korea: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.6.4 South Korea: Asia Pacific Data Center Cooling Market Share - by Industry Vertical
  - 11.1.2.7 Rest of APAC: Asia Pacific Data Center Cooling Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.2.7.1 Rest of APAC: Asia Pacific Data Center Cooling Market Share - by Component
    - 11.1.2.7.2 Rest of APAC: Asia Pacific Data Center Cooling Market Share - by Cooling Type
    - 11.1.2.7.3 Rest of APAC: Asia Pacific Data Center Cooling Market Share - by Data Center Type
    - 11.1.2.7.4 Rest of APAC: Asia Pacific 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 Product Development
13.4 Mergers & Acquisitions

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