14% CAGR, Data Center Cooling Market is Emerging with $25,552.2 Million by 2028 - Fujitsu, Hitachi, Nortek Air Solutions, RITTAL GMBH

Liquid cooling solutions for data center cooling are creating a massive turbulence in the industry globally. The liquid cooling technology is the ideal solution to cater the requirements of the next gen data center. This technology provides various advantages over the legacy air cooling systems including lesser carbon footprint, lower TCO, better energy efficiency, higher reliability of server, and less noisy data centers among other advantages. Despite some of the cons of liquid cooling solutions including requirement of maintenance skills for liquid cooling solutions and high CAPEX cost, it is advantageous over the long run.

According to our latest market study on “Data Center Cooling Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by offering, cooling type, data center type, industry vertical and component” the market is expected to grow from US$ 10,217.0 million in 2021 to US$ 25,552.2 million by 2028; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.

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Asetek, Inc; Fujitsu Limited; Hitachi, Ltd; Nortek Air Solutions, LLC; RITTAL GMBH & CO. KG; Schneider Electric SE; STULZ GMBH; Trane Technologies plc; Vertiv Group Corporation; Modine Manufacturing Company; Black Box Corporation; Carrier Global Corporation; and Aspen Systems, LLC are among the major companies operating in the data center cooling market.

Impact of COVID-19 Pandemic on Data Center Cooling Market

The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus.

The data center cooling market is segmented on the basis of offering, cooling type, data center type, industry vertical, component, and geography. Based on type, the market is segmented into solutions and services. In 2021, solutions segment accounted for the largest market share. In terms of cooling type, the market is bifurcated into room based cooling, rack based cooling, and row based cooling. In 2021, room based cooling segment accounted for a larger share in the market. Based on data center type, the market is segmented into enterprise data center, colocation data center, wholesale data center, and hyper scale data center. In 2021, colocation data center segment accounted for a larger share in the market. Based on industry vertical, the market is segmented into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. In 2021, IT & telecom segment accounted for the largest market share. Based on component, the market is segmented into air handling units, chillers, cooling towers, air conditioning units, humidifiers, heat exchangers and others. In 2021, air conditioning units segment accounted for a larger share in the market. Geographically, the global Data Center Cooling market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, the North America segment accounted for the significant share in the global market.

Due to the sudden outbreak and subsequent lockdowns across Europe, the data center industry has witnessed significant changes over the past year. COVID-19 has surged the demand for cloud services as consumers spent the majority of the year working, learning, and entertaining from home like never before. In addition, companies from various industries came with more data space requirement to deploy their operations digitally on virtual space during the pandemic. The sudden spike of demand for high storing capacity servers and data center has disrupted supply chain for Q1 and Q2 of 2020; however, in Q3 of same year, the market recovered from this problem. Thus, owing to the above-mentioned factors the data center cooling market is expected to grow rapidly over the forecast period.

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