Report Content
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Service providers
3.2.5 Distribution channel
3.2.6 End users
3.3 Cooling technology evolution
3.4 Power density trends in data center
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.6.1 Innovation in data center
3.6.2 Green data center
3.6.3 Impact of artificial intelligence (AI)
3.6.4 Heat transfer fluids
3.6.5 Submerged data centers
3.6.6 Liquid cooling
3.6.6.1 Direct to chip liquid cooling
3.6.6.2 Immersive cooling
3.6.6.3 Hybrid cooling system
3.7 Patent analysis
3.8 End use cases
3.8.1 Automotive
3.8.2 AI
3.8.3 Cryptocurrency
3.8.4 Gaming
3.9 Average rack density
3.10 Key news & initiatives
3.11 Regulatory landscape
3.12 Impact forces
3.12.1 Growth drivers
3.12.1.1 Demand for innovative technologies across various industries
3.12.1.2 Increase in the demand for energy-efficient and cost-effective data centers in North America
3.12.1.3 Increasing establishment of hyperscale data centers in Europe
3.12.1.4 Growing trend for high-performance computing across Europe and Asia Pacific
3.12.1.5 Rising construction of green data centers in Asia Pacific
3.12.1.6 Growing investments in the IT & telecom sector in South America and the MEA
3.12.2 Industry pitfalls & challenges
3.12.2.1 Underestimating or overestimating cooling requirements
3.12.2.2 Need for specialized infrastructure
3.12.2.3 Phantom leakage
3.13 Growth potential analysis
3.14 Porter’s analysis
3.15 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component 2021 - 2032 ($Bn)
5.1 Key trends
5.2 Solution
5.2.1 Air conditioner
5.2.1.1 Air handling units
5.2.1.2 Split air conditioning systems
5.2.1.3 Packaged air conditioning units (PAC)
5.2.1.4 Others
5.2.2 Chilling unit
5.2.2.1 Air-cooled chillers
5.2.2.2 Water-cooled chillers
5.2.2.3 Glycol-cooled chillers
5.2.3 Cooling tower
5.2.3.1 Evaporative cooling
5.2.3.2 Dry
5.2.3.3 Others
5.2.4 Control system
5.2.5 Economizer system
5.2.5.1 Condensing
5.2.5.2 Non-condensing
5.2.6 Liquid cooling system
5.2.6.1 Direct to chip
5.2.6.2 Immersive
5.2.6.2.1 Single phase
5.2.6.2.2 Two phase
5.2.7 Others
5.3 Service
5.3.1 Consulting
5.3.2 Maintenance and support
5.3.3 Installation and deployment
Chapter 6 Market Estimates & Forecast, By Cooling Technique, 2021 - 2032 ($Bn)
6.1 Key trends
6.2 Rack/row-based
6.3 Room-based
Chapter 7 Market Estimates & Forecast, By Data Center Size, 2021 - 2032 ($Bn)
7.1 Key trends
7.2 Small data center
7.3 Medium data center
7.4 Large data center
Chapter 8 Market Estimates & Forecast, By End use, 2021 - 2032 ($Bn)
8.1 Key trends
8.2 BFSI
8.3 Colocation
8.4 Energy
8.5 Government
8.6 Healthcare
8.7 Manufacturing
8.8 IT & telecom
8.9 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Spain
9.3.5 Poland
9.3.6 Benelux
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia
9.4.5 South Korea
9.4.6 Southeast Asia
9.4.6.1 Brunei
9.4.6.2 Cambodia
9.4.6.3 Indonesia
9.4.6.4 Laos
9.4.6.5 Malaysia
9.4.6.6 Myanmar
9.4.6.7 Philippines
9.4.6.8 Singapore
9.4.6.9 Thailand
9.4.6.10 Timor-Leste
9.4.6.11 Vietnam
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Colombia
9.5.3 Argentina
9.5.4 Chile
9.5.5 Rest of South America
9.6 MEA
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 ABB Group
10.2 Airedale Air Conditioning
10.3 Alfa Laval AB
10.4 Asetek A/S
10.5 Black Box Corporation
10.6 Cool IT Systems
10.7 Coolcentric
10.8 Degree Controls, Inc. (Adaptivcool)
10.9 Digital Reality
10.10 Ebullient Inc.
10.11 EVAPCO, Inc.
10.12 GEA Group AG
10.13 Green Revolution Cooling, Inc.
10.14 Harmon Group
10.15 Johnson Control Inc.
10.16 Nortek Air Solutions, LLC
10.17 Rittal GmbH & Co. Kg
10.18 Schneider Electric SE
10.19 SPX Technologies, Inc. (SPX Corporation)
10.20 STULZ GmbH
10.21 Submer Technologies
10.22 Vertiv Group Co.
Data Center Cooling Market Size
Data Center Cooling market was valued at USD 15.9 billion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 & 2032, driven by the rise of cloud computing services and ongoing innovations in cooling technologies. Cloud computing's growth increases demand for efficient cooling in large-scale data centers.
Additionally, advancements such as liquid cooling and AI-driven optimization address the need for more effective and sustainable cooling solutions. These trends align with the market's evolution, contributing to the increasing size and demand for data center cooling solutions. To illustrate, in October 2023, ThermalWorks introduced an innovative waterless cooling system for the evolving data center industry. This ultra-efficient, modular design aims to transform traditional data center operations by reducing energy consumption and eliminating water use in cooling processes.
The rise in High-Performance Computing (HPC) applications, such as AI and machine learning, is fueling the demand for efficient cooling solutions in data centers. Liquid cooling technology, with its ability to manage the heat generated by intensive workloads efficiently, is becoming increasingly popular. As data centers strive for higher computing power and performance, the convergence of HPC growth and liquid cooling innovation drives the data center cooling industry growth. For instance, in December 2023, Sunon introduced a line of liquid cooling solutions for high-capacity data center GPU and CPU computing, specifically designed for edge, AI, and cloud servers to enhance performance and efficiency.
Though the data center cooling market shows promising growth, it faces challenges such as higher operational costs and environmental concerns. By developing energy-efficient cooling solutions, operators can reduce expenses and contribute to sustainability goals. This shift towards eco-friendly practices aligns with market demands for greener technologies. By embracing these challenges as avenues for innovation, the industry can create a more efficient and environmentally conscious future for data centers.
Data Center Cooling Market Trends
The emphasis on energy efficiency and hybrid cooling solutions is propelling the data center cooling industry forward. Data center operators are prioritizing energy-efficient technologies to reduce costs and environmental impact. Hybrid cooling approaches, which combine traditional air cooling with innovative solutions like liquid cooling, offer a balance of efficiency and cost-effectiveness. This trend towards energy efficiency and hybrid cooling is driving market growth and meeting the evolving needs of modern data centers.
For instance, in January 2024, Aligned, a data center company, introduced DeltaFlow, a cutting-edge liquid cooling system tailored for high-density compute needs and supercomputers. This data center liquid cooling technology is engineered to efficiently cool densities reaching up to 300 kW per rack.
Data Center Cooling Market Analysis
Based on component, the market is divided into solution and service. In 2023, the solution segment was valued at over USD 10.6 billion in 2023 due to its comprehensive approach. Offering a range of technologies like air conditioning, liquid cooling, and containment systems, solutions cater to diverse needs. This segment's appeal lies in its efficiency, scalability, and ability to address the specific requirements of modern data centers. With rising data processing demands, businesses prioritize reliable cooling solutions, making this segment the cornerstone of the market's growth and innovation.
Based on the cooling technique, the data center cooling market is categorized into rack/row-based and room-based. The large enterprises segment is anticipated to register a CAGR of over 11% from 2024 to 2032. Its popularity stems from its simplicity and cost-effectiveness, providing cooling solutions tailored to individual rooms within data centers. With offerings such as Computer Room Air Conditioning (CRAC) units and precision air conditioning systems, this segment efficiently manages temperature and humidity. As data centers continue to expand globally, the room-based segment remains a vital choice for companies seeking reliable and adaptable cooling solutions.
North America dominated the Data center cooling market with a major share of over 35% in 2023. The region growth is attributed to its robust infrastructure and early adoption of advanced technologies. The region's mature data center ecosystem, coupled with stringent regulations on energy efficiency, propelled its dominance. With a strong emphasis on sustainability and reliability, North American companies have become a preferred choice for cutting-edge cooling solutions. This trend is set to continue as the demand for efficient data management grows across industries.
Data Center Cooling Market Share
ABB group and Vertiv Co. held significant market share of over 10% market share in 2023. These companies are fortifying their market presence with a diverse strategy. Strategic acquisitions of smaller firms with specialized technologies swiftly expand their product offerings. Incorporating these niche solutions allows them to address a broader spectrum of data center requirements, appealing to a varied clientele base. Furthermore, substantial investments in research and development maintain their edge in technological advancements, ensuring the provision of innovative cooling solutions to the market.
Collaborative ventures with data center operators and cloud service providers enable the smooth incorporation of their cooling solutions into established infrastructures, elevating client satisfaction. Moreover, their focus on energy efficiency and sustainability resonates with current market preferences and meets stringent regulatory standards, amplifying their attractiveness. This holistic approach fortifies their market presence significantly, establishing these companies as frontrunners in the continuously evolving data center cooling industry.
Data Center Cooling Market Companies
Major players operating in the data center cooling industry are:
Data Center Cooling Industry News
The data center cooling market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:
Market, By Component
Market, By Cooling Technique
Market, By Data Center Size
Market, By End Use
The above information is provided for the following regions and countries: