Data Center Cooling Market is projected to reach USD 23.89 Billion by 2030 : Cognitive Market Research

Market Overview:
- Data center cooling collectively known as tools, equipment, systems, and techniques that ensures required temperature and humidity levels within any data center facility. It works by removing excess heat from a facility and ensures server uptime by providing efficiency in the working of data center.
The vast amount of digital information stored and streamed is driving an increase in the number of data centers throughout the world. The huge computer power within these data centers produces heat and makes cooling a critical necessity for the building system. Hence, use of data center cooling has become necessity which is driving the growth of market.

Summary:
- As per Cognitive Market Research, Global Data Center Cooling market size was $10.25 Billion in 2022 and it is forecasted to reach $23.89 Billion by 2030. Data Center Cooling Industry's Compound Annual Growth Rate will be 11.63% from 2023 to 2030.

"To know more about The Data Center Cooling Market statistics click here: https://www.cognitivemarketresearch.com/data-center-cooling-market-report

Market Dynamics:
- Rise in the number of data centers
Data center facilities are widely used for networked computer servers that store large amounts of data. The number of data centers across the world is growing due to the massive amount of digital information stored and streamed. As demand for digital services across the globe has increased exponentially due to high number of internet users, the requirement for data centers has also increased. It has been studied that, almost 2% of global electricity is been used by data centers. The use of electricity for data centers is rising globally. For instance, data centre electricity use in Ireland has more than tripled since 2015, accounting for 14% of total electricity consumption in 2021.
- Restraining Factor of Data Center Cooling Market:
• High cost associated with the installation of data centers facilities
The excessive high cost in setting and installing data center facilities may hinder the growth of market. The cost of installing data center facility reaches somewhere upto $1000-4000 per rack. However, manufacturers are coming up with innovative solutions which can reduce the cost of installation as the demand for data center is growing exponentially. This will increase the further growth of market in coming years.
- Current Trends in Data Center Cooling:
• Rising sustainability in data center cooling facility
Rising environmental concern stimulates the concern for sustainability in the data center industry. Thus, methods like utilizing eco-friendly cooling solutions have been rising to get rid of high energy consumption.

Market Segmentation:
Product Type:
• Air Conditioners
• Chillers
• Air Handling Units
• Others

Application:
• Telecom
• IT
• Healthcare
• Retail
• BFSI
• Energy
• Others

Component:
• Solution
• Service

Cooling:
• Room-Based Cooling
• Rack/Row-Based Cooling

The Major Players in Data Center Cooling Market are:
Air Enterprises , Climaveneta , Fujitsu , Asetek Inc. , Coolcentric , SPX Cooling Technologies , Inc. , Rittal GmBH & Co. KG , Telx Inc , Vertiv Group Corp. , Eco Cooling Ltd. , Others

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Regional Analysis:
- North America dominates the market for data center cooling market owing to the presence of big players in the U.S. Data centers are primarily owned by cloud vendors, or banks which are extensively present in North America. Further, demand for colocation services is rising in this region which helps in growing the market in North America.

News:
• November 2022, Fujitsu has conducted private 5G field trials to deliver robust operation automation for data centers
At its Yokohama Data Center, Fujitsu Limited and Fujitsu Research Institute Limited have carried out a number of field tests with the goal of advancing the digital transformation of data centers and enhancing operational resilience and process automation through the use of private 5G network technology for equipment inspection.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Data Center Cooling Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Data Center Cooling Market Segmentation
1.5.1 Data Center Cooling Market Regional Fragmentation
1.5.1 Data Center Cooling Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Data Center Cooling Market
Chapter 4 Global Data Center Cooling Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Data Center Cooling Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Data Center Cooling Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Data Center Cooling Market by Component Segmentation Analysis (2018-2030)
Chapter 12 Global Data Center Cooling Market by Cooling Segmentation Analysis (2018-2030)
Chapter 13 Global Data Center Cooling Market Regional Analysis
Chapter 14 North America Data Center Cooling Market Outlook (2018 - 2030)
Chapter 15 Europe Data Center Cooling Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Data Center Cooling Market Outlook (2018 - 2030)
Chapter 17 Latin America Data Center Cooling Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Data Center Cooling Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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