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Data Center Cooling Market Value to Reach USD 30.31 billion by 2030; Rising Demand for Sustainable Technologies to Augment Market Growth

July 17, 2023 | Information & Technology

The global data center cooling market size touched USD 13.51 billion in 2022 and is predicted to reach USD 14.85 billion in 2023. The market is anticipated to touch USD 30.31 billion by 2030, recording a CAGR of 10.7% over 2023-2030.


Fortune Business Insights™ presents this information in its latest report titled Data Center Cooling Market Size, Share & COVID-19 Impact Analysis, By Product (Air Conditioners, Precision Air Conditioners, Liquid Cooling, Air Handling Unit, and Others), By Data Center Type (Large Scale, Medium Scale, and Small Scale), By Cooling Technique (Room-based Cooling, Rack-based Cooling, and Row-based Cooling), By Industry (BFSI, IT and Telecom, Manufacturing, Retail, Healthcare, Energy and Utilities, and Others), and Regional Forecast, 2023-2030”.


Data centers can help companies increase their productivity by offering centralized networking, storage, and backup solutions. The demand for better computing capacity of the computing networks is rising at a notable rate as there has been a considerable growth in the quantity of virtual data being generated each year. Data center cooling solutions can help organizations measure, monitor, and control data center resources and energy consumption of IT equipment. This equipment includes network switches, infrastructure components, and servers, and storage devices. More end-users are becoming aware of the advantages of these solutions, thereby augmenting the data center cooling market growth.


COVID-19 Pandemic Favored Product Adoption Due to Growing Preference for Cloud-based Servers


The COVID-19 pandemic had a favorable impact on the expansion of the market as many organizations migrated their services to various cloud platforms to reduce their spending on office hardware. Since the outbreak had forced companies to impose strict social distancing rules, it was difficult for companies to shift their physical servers, shut down their buildings, and open a new space to resume their operations. However, since companies saved a lot by using cloud services, it allowed them to spend more on their IT infrastructure. These factors drove the data center cooling market share.


Rising Demand for Sustainable Technologies to Augment Market Growth


A growing percentage of data center managers are realizing the impact their data centers can have on the environment since these centers produce a lot of heat and carbon emissions. This factor has prompted them to make environmental sustainability and energy efficiency their top priority. Companies can achieve strong business growth with the help of data centers as well by making optimum use of space, reducing their electricity consumption, and improving their cooling capacities. The trend of commercializing data centers has gained major traction as more companies are opting for outsourcing services to help them focus on core business activities. These developments will help the market grow.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/data-center-cooling-market-101959


Competitive Landscape


Market Players Use Key Growth Strategies to Boost Market Presence


Some of the prominent organizations working in this industry are trying to increase their customer base by implementing many corporate growth strategies, such as partnerships, mergers, and acquisitions. They are also focusing on expanding their existing product portfolios by investing in advanced technologies to develop new products.


Notable Industry Development:



  • April 2023: STULZ, a specialist in offering individual and standardized data center solutions, introduced a brand-new micro DC solution. This system is said to be easily scalable and offers many reconfiguration options. Power generation, UPS, cooling, monitoring, and fire protection are integrated into the new solution for small data centers. STULZ Micro DC can be used in either a single or multi-rack configuration.


List of the Companies Profiled in the Report:



  • Asetek, Inc. (U.S.)

  • Rittal GmbH & Co. KG (Germany)

  • Schneider Electric (France)

  • Coolcentric (U.S.)

  • Vertiv Group Corp. (U.S.)

  • STULZ GMBH (Germany)

  • Hitachi, Ltd. (Japan)

  • Nortek (Italy)

  • LiquidStack Holding B.V. (U.S.)

  • Munters (India)


Further Report Findings



  • North America held a dominant position in the global market in 2022 and is predicted to maintain its position in the coming years as well. One of the major reasons fueling the regional market’s growth is that the region is known to have a large network of data centers. The U.S., for instance, has the biggest number of data center facilities, making it a major user of data systems in the region. Moreover, many companies across the U.S. are increasing their investments in data centers, further fueling the market’s growth.

  • The Asia Pacific market is also anticipated to showcase robust growth in the global market as data center managers across the region are taking various steps to improve the experience of their customers by offering them better internet speed and low latency. Moreover, companies, such as Cisco Systems, Inc. predicted that the APAC region would be a major consumer of mobile date as compared to North America and Western Europe. These factors may further augment the regional market expansion.

  • The large scale data center segment is estimated to grow at an exponential rate during the forecast timeframe. More companies are opting for cloud services, which has ultimately increased the quantity of data generated by many folds. This is why the demand for large-scale data centers is growing across the globe as these data centers can store massive volumes of data and consist of more servers.


Table of Segmentation






























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 10.7% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



By Product, Data Center Type, Cooling Technique, Industry, and Region



By Product




  • Air Conditioners

  • Precision Air Conditioners

  • Liquid Cooling

  • Air Handling Unit

  • Others (Air Economizers, Heat Rejection, Chillers)



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 (Government & Defense, Education)



By Region




  • North America (By Product, By Data Center Type, By Cooling Technique, By Industry, and By Country)





    • U.S.

    • Canada

    • Mexico





  • Europe (By Product, By Data Center Type, By Cooling Technique, By Industry, and By Country)





    • U.K.

    • France

    • Germany

    • Nordics

    • Rest of Europe





  • Asia Pacific (By Product, By Data Center Type, By Cooling Technique, By Industry, and By Country)




    • China

    • Japan

    • India

    • Southeast Asia

    • Rest of Asia Pacific




  • Middle East & Africa (By Product, By Data Center Type, By Cooling Technique, By Industry, and By Country)





    • GCC

    • South Africa

    • Rest of Middle East & Africa





  • South America (By Product, By Data Center Type, By Cooling Technique, By Industry, and By Country)





    • Brazil

    • Argentina

    • Rest of South America




Data Centers Cooling Market
  • PDF
  • 2022
  • 2019-2021
  • 160

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