Data Center Cooling Market Expected to Reach USD 53.01 Billion by 2028

Market Overview:

The Global Data Center Cooling Market Size Was Valued At USD 17.77 Billion In 2021 And Is Projected To Reach USD 53.01 Billion By 2028, Growing At A CAGR Of 16.9% From 2022 To 2028.

The equipment, tools, methods, and procedures used to maintain an appropriate operating temperature inside a data centre facility are collectively referred to as data centre cooling. Energy-efficient cooling of the IT equipment is becoming more and more necessary as capacity and density rise. In addition, advantages provided by technology and government support in the form of efficiency standards for data centres are anticipated to directly contribute to the expansion of the data centre cooling market in a number of sectors, including IT, BFSI, and telecommunication. Due to the increasing processing needs of AI and media applications, the number of data centres has increased. The use of edge computing and the rise in IoT device numbers will also contribute to the growth.

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Market Dynamics:

Driver:

The main drivers anticipated to drive the market expansion are the increasing demand for energy-efficient data centres, considerable investment by colocation service and managed service providers, and expanding hyperscale data centre building. Additionally, the development of big data, cloud computing, and the Internet of Things (IoT) has made it possible for businesses to invest in new data centres in order to preserve business continuity. This is the second significant aspect that will probably increase market size in the coming years.

Key Market Trends:

Increasing Demand For A Modular Data Center Cooling Strategy
The data centre cooling modules offer up to 30% in cost savings and function 60% more quickly. Data centres with constrained space and tight budgets are adopting data centre facility cooling modules more frequently. Modular cooling systems for data centres have advantages including easier planning, increased dependability, agility, quicker deployment, and increased overall effectiveness. These advantages will likely encourage data centre cooling suppliers to create and use data centre cooling modules in the future.

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Market Segmentation

By Structure
• Row-Based Cooling
• Rack-Based Cooling
• Room-Based Cooling

By Product
• Precision Air Conditioners
• Air Conditioners
• Air Handling Units
• Chillers
• Others

By Application
• BFSI
• IT and Telecommunications
• Government and Defense
• Healthcare
• Others

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
• Asetek
• Air Enterprises
• Climaveneta Climate Technologies (P) Ltd.
• Fujitsu Limited
• Coolcentric
• Hitachi Ltd.
• Rittal GmbH & Co. KG
• Netmagic Solutions
• STULZ GMBH
• Telx Holdings Inc. (Digital Realty Trust Inc.)
• Schneider Electric
• Vertiv Co. and other major key players.

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Key Industry Developments In The Data Center Cooling Market

July 2020, A rack with infrastructure support gear incorporated was introduced by Vertiv Holdings Co. The brand-new item combines an enclosed, typical-sized IT rack with a rack power distribution unit (rPDU), monitoring sensors, software, and Vertiv VRC self-contained rack cooling system. Through a large number of distributors and channel partners as well as the company's regional representatives, the new product is made accessible in North America.

Objectives of the global Data Center Cooling market

1. To identify the main subsegments of the Data Center Cooling market to comprehend its structure.

2. Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide Data Center Cooling manufacturers for the next few years.

3. To examine the Data Center Cooling in terms of specific expected growth, career outlook, and market share contribution.

4. Analyse commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.

5. To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.

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