Data Center Cooling Market Size Expected to Reach $80.1 Billion by 2033

According to the report, the global data center cooling market was pegged at $10.54 billion in 2019 and is projected to reach $27.30 billion by 2027, registering a CAGR of 12.8% during the forecast period.

Growing demand for efficient and cost-effective data centers, green initiatives for eco-friendly data center solutions, and significant growth in data center and power density drive the growth of the global data center cooling market. However, need of specialized infrastructure and high investment cost and cooling challenges during power outage restrain the market. Moreover, advent of liquid-based cooling and portable cooling technology and growing need for modular data center cooling approach are anticipated to present lucrative opportunities for the market players in the near future.

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The integration of cooling technologies into data center management is paving the way for fully automated, robot-driven data center environments. As access to virtually unlimited computing resources continues to expand, enterprises and consumers are accomplishing tasks that were unimaginable just a few years ago. Trends in social connectivity, mobility, and analytics are increasingly powered by advancements in cooling and cloud technologies. Moreover, many organizations are implementing Robotic Process Automation (RPA) in their data centers to enhance agility, elasticity, and self-service capabilities. While cooling and automation reduce many human interactions, they cannot replace the unique value of human communication in the data center cooling industry.

The development of smart data centers driven by automated cooling processes, combined with the rising adoption of data center services, is fueling the growth of the global data center cooling market. Additionally, the widespread use of cooling technologies across various industries further boosts market expansion. However, challenges such as a lack of technical expertise, limited awareness, and growing concerns over security and privacy may hinder market growth. On the other hand, increasing adoption of AI, machine learning (ML), and IoT technologies is expected to create lucrative opportunities, significantly contributing to the expansion of the data center cooling market.

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Based on type of cooling, the room-based cooling segment held the largest share in 2019, contributing nearly half of the global data center cooling market, owing to less capital cost as requirement of number of piping and cooling units are less. However, the rack-based cooling segment is projected to register the fastest CAGR of 15.4% through 2027, owing to extreme density capability of rack-based cooling. In addition, rack-based cooling reduces airflow path length of CRAH fan resulting in increased operational efficiency along with energy efficiency.

In terms of components, the solution segment currently holds the largest share of the data center cooling market. This is attributed to the growing adoption of energy-efficient, environmentally friendly, and cost-effective cooling solutions, as well as strict environmental regulations enforced by governments. Meanwhile, the service segment is projected to witness the highest growth rate during the forecast period. This growth is driven by the need for professional maintenance to ensure data center efficiency, along with the rising demand for services such as installation, deployment, support, maintenance, and consulting in the data center cooling sector.

Geographically, North America dominated the data center cooling market in 2023, thanks to early technology adoption and the presence of numerous software service providers. However, the Asia-Pacific region is expected to experience significant growth during the forecast period, fueled by the increasing number of data centers in countries such as China and India.

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The growing adoption of advanced technologies, including AI, ML, big data, and IoT, has increased rack power density, leading to a heightened demand for advanced cooling solutions. Vendors are innovating in the design and technology of their cooling systems. The market for direct liquid cooling and immersion cooling solutions is expected to become more competitive due to the growing use of high-performance computing (HPC) infrastructure for AI and ML workloads in data centers. Initiatives like the Open Compute Project are likely to introduce new cooling techniques and technologies, intensifying competition among vendors.

Demand for data center cooling is rising across industries, as it helps maintain optimal environmental conditions for information technology equipment (ITE) operations. The growing awareness of edge computing is also driving adoption, as industries recognize its benefits for supporting remote operations, real-time control, and enhanced data processing. The COVID-19 pandemic has further accelerated interest in edge computing solutions.

Large enterprises are increasingly investing in edge strategies, creating a market that extends beyond telecom providers and content players. Some companies are also modernizing their existing cooling systems to reduce water dependency.

The rising adoption of AI and big data has significantly impacted enterprise servers. Traditional microprocessors struggle to process the massive data generated by data center GPUs, which are designed for large-scale projects and deep learning applications. As a result, data center GPU usage has driven higher demand for cooling solutions worldwide. To meet the growing demand for data centers, investors are repurposing old office buildings, residential properties, and warehouses as cost-efficient alternatives to constructing new facilities. For example, in Hong Kong, logistics real estate manager ESR obtained a cold storage facility and, after receiving town planning approval, is converting the brownfield site into a 40-megawatt data center.

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The key players profiled in the data center cooling market analysis are Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Airedale International Air Conditioning Ltd; Hitachi, Ltd.; Rittal GmbH & Co. Kg; Fujitsu Ltd.; Stulz GmbH; Vertiv; and Asetek. These players have adopted various strategies to increase their market penetration and strengthen their position in the data center cooling industry.

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