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Data Center Cooling Market Size By Component (Solution {Air Conditioner, Chilling Unit [Air-Cooled, Water-Cooled, Glycol-Cooled], Cooling Tower [Evaporative, Dry and Others], 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 Data Center Size (Small Data Center, Medium Data Center, Large Data Center), By Application (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI423
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Trends

Data Center Cooling Market size surpassed USD 10 billion in 2022 and is projected to grow at 10% CAGR during 2023 to 2032 driven by the increasing data generation across different sectors.
 

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The widespread application of cloud computing, big data, and IoT has revolutionized the distributed computing landscape, accelerating the need for data centers, which has increased the demand for advanced cooling systems and data center cooling solutions. The market revenue is poised to grow further supported by the rising requirement for liquid-based and portable cooling technologies in data centers to minimize carbon emissions.
 

The data center cooling market is anticipated to be influenced by notable government measures to decrease carbon footprints from high-power density facilities. For instance, data centers in the U.S. utilize around 70 billion kWh of power each year, accounting for approximately 3% of overall electricity usage. As a result, data center operators are focused on implementing energy-efficient and cost-effective data center cooling systems in order to minimize power consumption.
 

Phantom leakage problems may impede the industry growth

Phantom leakages are commonly occurring breaches wherein the flow of frozen air from equipment underneath the raised platform onto support columns or nearby areas and can cause a loss of pressure in the IT environment, allowing dusty or humid exterior air to enter, which limits the adoption of cooling technologies and systems. However, such scenarios can be avoided by enforcing requirements to elevate the floor, examine the perimeter, support columns, and plug the loophole, which is likely to help product acceptance.
 

Increasing power densities in data centers to fuel the solution segment share

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The data center cooling market from solution type is expected to attain around 10% gains through 2032. The massive power density in data centers has prompted enterprises to deploy new cooling solutions to endure the computational power of next-generation processors, which is slated to boost the sector development by 2032.
 

Efficiency and agility features to bolster demand for rack/row technology

The rack/row-based cooling technique segment accounted for over USD 1 billion revenue in 2022 and is expected to grow significantly through 2032. This technique provides efficiency and is more agile, and thus, finds usage in several businesses. Rack/row-based cooling reduces superfluous airflow and enables companies to save 50% of fan power usage, will escalate the need for the technology.
 

Surging deployment of hyperscale data centers

The large data center cooling market size will observe nearly 10% growth between 2023 and 2032. The booming deployment of hyperscale data center facilities by global corporations is driving the industry development. Rising government and private-sector investments in cloud computing and data centers are further stimulating the need for cooling solutions in large data centers.
 

Mounting consumer data to fuel product demand in the BFSI sector

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The BFSI industry is set to witness more than 15% growth rate up to 2032. The widespread penetration of the internet and mobile banking has compelled banks to store massive amounts of consumer data, which is increasing the demand for data center infrastructure. Banks are investing in data centers to keep up with the competition and are increasingly focusing on cloud solutions due to their cost-effectiveness, which is forecast to propel segment uptake.
 

Rising espousal of AI applications in North America 

The North America data center cooling market revenue crossed USD 4 billion in 2022. The implementation of artificial intelligence has urged companies to invest in advanced cooling technologies for data center infrastructure. Compute-intensive AI considerably raises the temperature in data center facilities that store and process vast amounts of data. High-density AI technology is outpacing conventional cooling capacities surging the demand for novel technologies.
 

Growing focus on product advancements to define the business outlook

Some leading players in the data center cooling industry are ABB Group, Black Box Corporation, Vertiv Group Co., Rittal GmBH & Co. KG, and STULZ GmbH, among others. Manufacturers are offering advanced and effective cooling solutions, such as direct immersion cooling systems, which include immersing network components directly in a bath of non-conductive and non-flammable dielectric fluid.
 

Impact of COVID-19 on the data center cooling market trends

The COVID-19 outbreak impacted business operations across global economies and virtually all industries. With the increasing need for computing capabilities, digital transformation gained prominence on account of the widespread adoption of remote working structures by numerous enterprises and institutions. Furthermore, the use of cloud computing and AI in several industries is augmenting the need for data capacity. As a result, in the post-COVID scenario, several strategic initiatives are being undertaken by enterprises, which is speculated to complement overall industry progress.
 

This market research report on data center cooling includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

Market, By Component

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

Market, By Cooling Technique

  • Rack/row-based
  • Room-based

Market, By Data Center Size

  • Small data center
  • Medium data center
  • Large data center

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
  • Poland
  • Benelux

Asia Pacific

  • China
  • India
  • Japan
  • Singapore
  • Australia

South America

  • Brazil
  • Colombia
  • Chile
  • Argentina

MEA

  • GCC
  • South Africa

 

Authors: Preeti Wadhwani, Komal Sharma

Frequently Asked Questions (FAQ) :

The market size of data center cooling surpassed USD 10 billion in revenue in 2022 and is estimated to register 10% CAGR during 2023 to 2032, fueled by the increasing data generation across different sectors.
The BFSI segment is expected to observe 15% growth rate through 2032. The increasing adoption of internet and mobile banking is expected to raise demand for data center infrastructure in the BFSI industry, thereby augmenting marketing expansion.
The North America data center cooling industry accounted for a valuation of over USD 4 billion in 2022 owing to the rising penetration of AI technologies in varied industry verticals.
Some key firms operating in the data center cooling business scenario are ABB Group, Airedale Air Conditioning, Alfa Laval AB, Asetek A/S, Black Box Corporation, Coolcentric, Cool IT Systems Degree Controls, Inc. (Adaptivcool), Rittal GmbH & Co. Kg, Schneider Electric SE, SPX Technologies, Inc. (SPX Corporation), STULZ GmbH, Submer Technologies, and Vertiv Group Co., among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 737
  • Countries covered: 20
  • Pages: 504
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