Global Data Center Cooling Market Size, Share, Opportunities, And Trends By Solutions (Air Conditioners, Chillers, Economizers, Cooling Towers, Others), By Enterprise Size (Small Enterprises, Medium Enterprises, Large Enterprises), By End Users (Colocation Service Providers, Cloud Service Providers, Enterprises), By Industry Verticals (Banking And Financial Services, Manufacturing, Healthcare, Communication And Technology, Education, Government, Media And Entertainment, Others), And By Geography - Forecasts From 2024 To 2029

The data center cooling market is projected to expand at a compound annual growth rate (CAGR) of 9.59% to reach a total market size of US$18.372 billion by 2029, from US$9.680 billion in 2022.

Data centers are critical components for many organizations, providing centralized storage, networking, and backups. Big data generation is the main factor driving the growing need for computer networks to have greater processing capacity. The amount of energy used by data centers has increased as a result.

MARKET DRIVERS:

• Increasing energy consumption coupled with large volumes of data generation to boost the market demand.

Additionally, there are now financial and environmental concerns because of the data centers' increased energy consumption. The need for optimized adjustments to data center cooling strategies is being driven by these concerns. The terms "data center cooling" and "data center resource monitoring, measurement, and control" also apply to the energy usage of IT-related equipment, including servers, network switches, storage, and infrastructure parts.

Power distribution units and air conditioners for computer rooms are some of these parts. Data center operators must deploy their IT hardware infrastructures, which include servers, Power Distribution Units (PDUs), and other components appropriately to support the accelerated growth in data storage and provided services, such as data backup & archiving, managing authentication, and authorization. These elements are anticipated to accelerate the data center cooling market growth.

The need for more storage to house the massive volumes of regularly generated data has led to a notable rise in the number of data center deployments. Growing numbers of data centers add to the world's rising energy consumption and surplus heat output. In the near future, this is expected to create a significant demand for energy-efficient cooling techniques. Technology breakthroughs like Industry 4.0 and the Internet of Things (loT) are causing a dramatic shift in infrastructure spending. Thus, optimizing power consumption through the use of advanced data center cooling services is likely to help data centers operate more energy-efficiently and at a lower cost of operation

The expansion of data centers globally, further influencing the need for data storage capabilities, propels the data center cooling market.

• Data Centers: The global expansion of data centers is being accelerated by the rapidly expanding cloud computing market on a global scale. Cloud providers are constantly concentrating on the expansion of data centers to meet the increasing demands of end users. This is fueling their need for data center cooling solutions and accelerating market expansion. The trend toward colocation services is steadily shifting across industries. For instance, Meta intended to modify the liquid cooling method employed in its AI-focused data center architecture in May 2023. The strategic change in Meta's data center design centers on making the best use of newly constructed facilities to better support Artificial Intelligence. Further, the number of data centers in the United States is highest at 33%, followed by others at 26%, as per the United States International Trade Commission.
• Data Storage Capabilities: The need for more storage to accommodate regularly generated large volumes of data has resulted in a noticeable increase in the number of data center deployments. The construction of more data centers results in higher overall energy consumption as well as more heat being produced than is necessary. It is projected that this will lead to a considerable increase in demand for low-power cooling methods. Infrastructure spending has risen significantly as a result of technological advancements like Industry 4.0 and IoT. Therefore, utilizing cutting-edge data center cooling solutions is probably going to aid in optimizing power consumption, which will increase data centers' energy efficiency and decrease their running costs concurrently.

It is projected that the data center cooling market in North America will grow steadily. 

The data center industry in the United States has grown rapidly due to several factors. Major growth drivers of the U.S. data center cooling market are due to the presence of a large number of small and big players, increasing adoption of cloud computing solutions, and rising demand from service providers. Additionally, the other factors augmenting the demand for data center cooling solutions in the country is differential electricity pricing across different states. Improving economic conditions, the presence of the world’s biggest firms in Silicon Valley, and new upcoming data center centers in several states like Arizona, and Oregon among others will further provide the necessary impetus to the data center cooling solutions market.

Furthermore, enterprises operating in the entertainment and media, healthcare, communication, and government sectors are increasingly outsourcing their IT infrastructure needs as well as opting for efficient cooling solutions to reduce their IT costs, while focusing on their core business processes. Moreover, the positive intervention by the government is anticipated to boost the data center cooling technology till the forecast period.

For instance- in September 2022, The US Department of Energy (DOE) announced an investment of US$42 million to develop high-performance energy efficient cooling solutions for data centers. A prime agency of DOE, Advanced Research Projects Agency-Energy (ARPA-E) managed the program titled Cooling Operations Optimized for Leaps in Energy, Reliable and Carbon Hyperefficiency for Information Processing Systems (COOLERCHIPS).

The main focus on the development of reliable cooling systems enables more efficient computational systems, data centers, and modular systems as well. As per AWS, the investment in data center solutions has grown multifold in the past few years, impacting the growth of local businesses and states GDP as well. For instance- in 2023, Virginia accounted for most of the investment by the company at US$21.3 billion, followed by eastern Oregon and Ohio among others. This highlights that the proliferation of data centers in the country will lead to an increase in demand for data center cooling needs in the upcoming years.

Segmentation:

• By Solution:
  • Air Conditioners
  • Chillers
  • Economizers
  • Cooling Towers
  • Others
• By Enterprise Size:
  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises
• By End-User:
  • Colocation Service Providers
  • Cloud Service Providers
  • Enterprises
• By Industry Vertical:
  • Banking & Financial Services
  • Manufacturing
  • Healthcare
  • Communication & Technology
  • Education
  • Government
  • Media and Entertainment
  • Others
• By Geography
  • North America
    • United States
    • Canada                
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. DATA CENTER COOLING MARKET BY SOLUTION 

5.1. Introduction

5.2. Air Conditioners

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Chillers 

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Economizers 

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Cooling Towers

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Others

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. DATA CENTER COOLING MARKET BY ENTERPRISE SIZE 

6.1. Introduction

6.2. Small Enterprises

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Medium Enterprises 

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Large Enterprises

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. DATA CENTER COOLING MARKET BY END-USERS

7.1. Introduction

7.2. Colocation Service Providers

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Cloud Service Providers

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Enterprises

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

8. DATA CENTER COOLING MARKET BY INDUSTRY VERTICAL

8.1. Introduction

8.2. Banking & Financial Services

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.2.3. Geographic Lucrativeness

8.3. Manufacturing

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.3.3. Geographic Lucrativeness

8.4. Healthcare

8.4.1. Market Trends and Opportunities

8.4.2. Growth Prospects

8.4.3. Geographic Lucrativeness

8.5. Communication & Technology

8.5.1. Market Trends and Opportunities

8.5.2. Growth Prospects

8.5.3. Geographic Lucrativeness

8.6. Education

8.6.1. Market Trends and Opportunities

8.6.2. Growth Prospects

8.6.3. Geographic Lucrativeness

8.7. Government

8.7.1. Market Trends and Opportunities

8.7.2. Growth Prospects

8.7.3. Geographic Lucrativeness

8.8. Media and Entertainment

8.8.1. Market Trends and Opportunities

8.8.2. Growth Prospects

8.8.3. Geographic Lucrativeness

8.9. Others

8.9.1. Market Trends and Opportunities

8.9.2. Growth Prospects

8.9.3. Geographic Lucrativeness

9. DATA CENTER COOLING MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Solutions

9.2.2. By Enterprise Size

9.2.3. By End Users

9.2.4. By Industry Vertical

9.2.5. By Country

9.2.5.1. United States

9.2.5.1.1. Market Trends and Opportunities

9.2.5.1.2. Growth Prospects

9.2.5.2. Canada  

9.2.5.2.1. Market Trends and Opportunities

9.2.5.2.2. Growth Prospects

9.2.5.3. Mexico

9.2.5.3.1. Market Trends and Opportunities

9.2.5.3.2. Growth Prospects

9.3. South America

9.3.1. By Solutions

9.3.2. By Enterprise Size

9.3.3. By End Users

9.3.4. By Industry Vertical

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.1.1. Market Trends and Opportunities

9.3.5.1.2. Growth Prospects

9.3.5.2. Argentina

9.3.5.2.1. Market Trends and Opportunities

9.3.5.2.2. Growth Prospects

9.3.5.3. Others

9.3.5.3.1. Market Trends and Opportunities

9.3.5.3.2. Growth Prospects

9.4. Europe

9.4.1. By Solutions

9.4.2. By Enterprise Size

9.4.3. By End Users

9.4.4. By Industry Vertical

9.4.5. By Country

9.4.5.1. Germany

9.4.5.1.1. Market Trends and Opportunities

9.4.5.1.2. Growth Prospects

9.4.5.2. France

9.4.5.2.1. Market Trends and Opportunities

9.4.5.2.2. Growth Prospects

9.4.5.3. UK

9.4.5.3.1. Market Trends and Opportunities

9.4.5.3.2. Growth Prospects

9.4.5.4. Italy

9.4.5.4.1. Market Trends and Opportunities

9.4.5.4.2. Growth Prospects

9.4.5.5. Spain

9.4.5.5.1. Market Trends and Opportunities

9.4.5.5.2. Growth Prospects

9.4.5.6. Others

9.4.5.6.1. Market Trends and Opportunities

9.4.5.6.2. Growth Prospects

9.5. Middle East and Africa

9.5.1. By Solutions

9.5.2. By Enterprise Size

9.5.3. By End Users

9.5.4. By Industry Vertical

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.1.1. Market Trends and Opportunities

9.5.5.1.2. Growth Prospects

9.5.5.2. UAE

9.5.5.2.1. Market Trends and Opportunities

9.5.5.2.2. Growth Prospects

9.5.5.3. Others

9.5.5.3.1. Market Trends and Opportunities

9.5.5.3.2. Growth Prospects

9.6. Asia Pacific

9.6.1. By Solutions

9.6.2. By Enterprise Size

9.6.3. By End Users

9.6.4. By Industry Vertical

9.6.5. By Country

9.6.5.1. China

9.6.5.1.1. Market Trends and Opportunities

9.6.5.1.2. Growth Prospects

9.6.5.2. India

9.6.5.2.1. Market Trends and Opportunities

9.6.5.2.2. Growth Prospects

9.6.5.3. South Korea

9.6.5.3.1. Market Trends and Opportunities

9.6.5.3.2. Growth Prospects

9.6.5.4. Japan

9.6.5.4.1. Market Trends and Opportunities

9.6.5.4.2. Growth Prospects

9.6.5.5. Thailand

9.6.5.5.1. Market Trends and Opportunities

9.6.5.5.2. Growth Prospects

9.6.5.6. Taiwan

9.6.5.6.1. Market Trends and Opportunities

9.6.5.6.2. Growth Prospects

9.6.5.7. Others

9.6.5.7.1. Market Trends and Opportunities

9.6.5.7.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisition, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Vertiv Group Corporation

11.2. Friedhelm Loh Group. (Rittal GmbH & Co. KG)

11.3. Hitachi Ltd.

11.4. STULZ GmbH

11.5. Coolcenteric

11.6. Fujitsu General

11.7. 3M

11.8. Asperitas

11.9. Usystems

11.10. LiquidStack

Vertiv Group Corporation

Friedhelm Loh Group. (Rittal GmbH & Co. KG)

Hitachi Ltd.

STULZ GmbH

Coolcenteric

Fujitsu General

3M

Asperitas

Usystems

LiquidStack