Data Center Cooling Market Size, By Component (Solution {Air Conditioner, Chilling Unit [Air-Cooled, Water-Cooled, Glycol-Cooled], Cooling Tower, Control System, Economizer [Condensing, Non-Condensing], Liquid Cooling System [Direct-To-Chip, Immersive]}, Service {Consulting, Maintenance & Support, Installation & Deployment}), By Cooling Technique (Rack/Row Based, Room-Based), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI423  |  Authors: Preeti Wadhwani, Saloni Gankar

Report Format: PDF   |   Pages: 320   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Data Center Cooling Market size valued at over USD 10 billion in 2019 and is anticipated to grow at a CAGR of 15% between 2020 and 2026. Rise in the number of hyperscale facilities due to the trends of online learning, work from home, and cloud gaming will propel the market growth.
 

Data Center Cooling Market
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The increasing adoption of data-intensive applications such as big data analytics, machine learning, and deep learning coupled with the use of cloud computing and IoT by various end-use sectors has resulted in the market demand for high-density servers in IT facilities. This has eventually led to the adoption of data center cooling solutions to overcome heat dissipation from servers, keeping the facilities and CPUs below their maximum temperatures. With the server densities in data centers estimated to reach 100 kW per rack by 2026, the demand for innovative data center cooling technologies will increase over the coming years.
 

Devices connected to the internet in real-time produce large amounts of data, which should be stored for analysis in the future such as determining the power utilized by a component or machinery, fault identification, and more. This places a heavy strain on data center equipment as computing activities generate large amounts of heat, which can damage the wiring and components if constant dissipation and cooling are not received.
 

The coronavirus (COVID-19) pandemic has negatively impacted the data center cooling market in 2020 due to the halt in data center construction activities and disruption in global supply chain. However, data centers are witnessing an influx of traffic as more businesses have moved their operations online and large number of consumers have adopted at-home entertainment services. The rise in the number of internet users has facilitated the need for more data center cooling solutions. Significant investments made by several cloud service market players on the expansion and construction of hyperscale data centers have enabled them in absorbing the massive increase in traffic, driven by stay-at-home orders globally. The market is expected to show recovery by 2021.
 

Data Center Cooling Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 10 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 15% 2026 Value Projection: 25 Billion (USD)
Pages: 320 Tables, Charts & Figures: 622
Geographies covered (24): U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Singapore, Australia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, Argentina, South Africa, UAE, Saudi Arabia
Segments covered: Component, Cooling Technique, Application and Region
Companies covered (21): ABB Group, Airedale Air Conditioning, Alfa Laval AB, Asetek A/S, Black Box Corporation, Coolcentric, Degree Controls, Inc. (Adaptivcool), Ebullient, Inc., Evapco, Inc., GEA Group AG, Green Revolution Cooling, Inc., Hamon Group, Johnson Controls Inc., Liquid Cool Solutions, Inc., Nortek Air Solutions, LLC, Rittal GmbH & Co. Kg, Schneider Electric SE, SPX Technologies, Inc. (SPX Corporation), Stulz GmbH, Submer Technologies, Vertiv Co.
Growth Drivers:
  • Increase in the demand for energy efficient and cost-effective data centers in North America
  • Adoption of intelligent control systems in data centers in Europe
  • Rising number of data centers in Asia Pacific
  • Adoption of liquid cooling solutions in colocation data centers in South America
  • Rising number of edge data centers in MEA
Pitfalls & Challenges:
  • Underestimating or overestimating cooling requirements
  • Need for specialized infrastructure
  • Phantom leakage

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Increasing use of economizers to conserve energy is propelling the market growth

Europe Data Center Cooling Market

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The economizer component segment in the Europe data center cooling market will observe a growth of around 18% during the forecast timespan impelled by its energy-saving potential in certain climates. These data center cooling solutions have witnessed a significant adoption in the European market such as Denmark, Sweden, and Finland on account of availability of cheap power and cold climate.
 

An economizer reduces energy cost by 50% in hyperscale data center facilities by optimizing the usage of data center cooling solutions such as chillers and compressors. The economizer operating in cold climate mitigates the extensive costs of cooling data center infrastructure. In Europe, the key industry players are developing customized economizers based on cooling requirements and environmental/climatic conditions. For instance, Schneider Electric SE, a key market player offers Ecoflair Indirect Air Economizer featuring modular build and customizable design, suitable for a variety of climate conditions and cooling requirements. These solutions allow data center operators to reduce operating costs by around 60% compared to traditional cooling solutions.
 

Adoption of data center cooling solutions in BFSI applications to reduce down time

The BFSI sector accounted for around 15% data center cooling market revenue share in 2019 and is predicted to expand at 20% CAGR till 2026. The recent surge in online transactions, insurance claim, account opening, and claim settlement has increased the server density of data centers. BFSI data centers are characterized by several high-density servers generating high amounts of heat, and demand powerful cooling infrastructure. With the rising budget constraints, cost-effective cooling solutions are becoming essential in the BFSI industry. The industry is estimated to reduce energy consumption by deploying innovative building management systems and advanced data center cooling.
 

South America market is on a rise owing to growing number of data centers

South America Data Center Cooling Market

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The South America data center cooling market is estimated to register around 13% growth rate through 2026 led by rapid construction of data centers. South America industry has witnessed a spike in the construction of data centers due to the increasing number of SMEs and availability of tax incentives for data center owners & operators. Tax incentives have encouraged several cloud companies to establish data centers in the region and reduce their operational expenses.
 

For instance, in November 2019, Google, a prominent market player announced to construct a data center in Uruguay, over a 20-hectare land parcel that lies in a duty-free tax zone. Similarly, in October 2019, Amazon Web Services (AWS) announced its plan to invest USD 800 million to construct a data center in a free-trade area of Argentina.
 

The emerging markets in the region have abundant resources and provide a suitable environment for the establishment of the data center facilities. For instance, Chile’s colder climate has enabled the adoption of data center cooling solutions such as economizers, air conditioners, and chillers, which will enable data centers to become energy efficient.
 

Product innovation remains the key market growth strategy for industry players

The data center cooling market leaders are investing hefty sum on research & development activities to foster innovations in data center cooling solutions. The innovative data center cooling solutions are aimed to cater to data center cooling requirements of high-density data centers. For instance, in November 2019, Vertiv Co. launched Liebert XDU, a data center cooling system, which includes whole cabinet of liquid-cooled servers. It is specifically targeting data centers with 60-kW liquid-to-air cooling distribution unit operating in high-performance computing applications such as data analytics and machine learning.
 

Prominent companies operating in the market include CenturyLink, Airedale International Air Conditioning Ltd., ABB Group, Integrated Eco Technologies Ltd, Rittal GmbH & Co. Kg, STULZ GmbH, Asetek AS, Nortek Air Solutions, LLC, Ebullient, Inc., Submer Technologies, Liquid Cool Solutions, Inc., Black Box Corporation, Adaptivcool, Schneider Electric SE, Vertiv Co., Interxion, T-Systems SA, and Coolcentric.
 

The data center cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2026 for the following segments:

Market, By Component

  • Solution
    • Air conditioner
    • Chilling unit
      • Air-cooled chillers
      • Water-cooled chillers
      • Glycol-cooled chillers
    • Cooling tower
    • Control system
    • Economizer system
      • Condensing
      • Non-condensing
    • Liquid cooling system
      • Direct to Chip
      • Immersive
    • Others
  • Services
    • Consulting
    • Maintenance and support
    • Installation and deployment

Market, By Cooling Technique

  • Rack/row based
  • Room-based

Market, By Application

  • BFSI
  • Colocation
  • Energy
  • Government
  • Healthcare
  • Manufacturing
  • IT & telecom
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
  • South America
    • Brazil
    • Colombia
    • Venezuela
    • Bolivia
    • Chile
    • Peru
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Frequently Asked Questions (FAQ) :

The market size of data center cooling valued at over USD 10 billion in 2019.
The industry share of data center cooling is anticipated to grow at a CAGR of 15% between 2020 and 2026.
Europe market from the economizer component segment may depict 18% CAGR through 2026, driven by the product’s energy-saving potential in colder climates.
The BFSI sector held a revenue share of 15% in 2019 and may depict 20% CAGR through 2026, owing to rise in online transactions, account opening, and claim settlements, that has raised the server density.
These solutions will gain traction in South America, propelled by robust data center construction due to rising number of SMEs and availability of tax incentives for data center owners. South America industry may record 13% CAGR through 2026.
The COVID-19 pandemic has had a negative impact on the market owing to the sudden halt in data center construction. However, as more businesses move their business online, the industry will pick pace.

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Premium Report Details

  • Published Date: Aug 2020
  • Pages: 320
  • Tables: 593
  • Charts / Figures: 29
  • Companies covered: 21
  • Countries covered: 24

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