Data Center Cooling Market set to grow to USD 91.68 billion by 2034, registering a CAGR of 15.8%

Polaris Market Research has released new insights into the Data Center Cooling Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.

Market at a Glance
In 2024, the market was valued at USD 21.18 billion and is anticipated to grow to USD 91.68 Billion by 2034. It is anticipated to register a CAGR of 15.8% during the projection period, 2025-2034.

A Quick Insight into Data Center Cooling Market
The data center cooling market focuses on technologies and systems that manage heat generated by servers and IT equipment to maintain optimal operating conditions. It includes solutions like air conditioning, liquid cooling, and advanced HVAC systems. Market growth is driven by the rapid expansion of data centers, rising demand for energy-efficient cooling, and increasing adoption of cloud computing and AI workloads.

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Report Summary: What's Included?
• Evaluation of current and emerging market trends
• Market size estimates by key segments and sub-segments
• Strategic profiles of leading and emerging players
• Recent technological advancements and investment flows
• Growth opportunities across developed and developing regions
• Market forecasts backed by robust research methodology

Key Forces Shaping the Market
The Data Center Cooling Market is gaining traction due to a convergence of innovation, market expansion, and evolving consumer or industrial needs. Below are some of the driving forces behind this growth:

• Cloud Growth Driving Demand: Rapid expansion of cloud services and data usage is increasing the number of data centers, raising the need for efficient cooling to manage heat and ensure system reliability.

• Hyperscale & Edge Data Center Expansion: The rise of hyperscale and edge facilities-like CtrlS's 72 MW center in Chennai-is fueling demand for scalable, space-efficient, and energy-optimized cooling solutions.

• Focus on Energy-Efficient Thermal Control: Operators are investing in advanced cooling technologies to maintain uptime, extend hardware life, and reduce energy consumption amid growing processing demands.

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Major Companies in the Market Landscape
The competitive environment is shaped by rapid innovation, technological advancement, and strategic alliances. Leading market players are focused on strengthening their global presence through mergers, partnerships, and product upgrades. A few of the major market participants include:
• Vertiv Holdings Co.
• Schneider Electric SE
• STULZ GmbH
• Rittal GmbH & Co. KG
• Mitsubishi Electric Corporation
• Eaton Corporation plc
• Daikin Industries Ltd.
• Trane Technologies plc
• Airedale International Air Conditioning Ltd.
• Huawei Technologies Co. Ltd.
• Nortek Air Solutions
• Johnson Controls International plc

Regional Leaders and Growth Hotspots
Market performance varies significantly across regions, influenced by the presence of industries, investment flows, and regulatory support. Some regions are emerging as dominant forces due to their strong market infrastructure and rising demand.

Data Center Cooling Market, Regional Outlook (Revenue, USD Billion, 2020-2034)
• North America
o Product Outlook
 Air Conditioners
 Precision Air Conditioners
 Chillers
 Air Handling Units
 Others

o Size Outlook
 Large Scale
 Medium Scale
 Small Scale

o Cooling Technique Outlook
 Air cooling
 Liquid cooling
 Immersion cooling
 Evaporative cooling
 Free cooling

o Service Type Outlook
 Installation & Deployment
 Support & Consulting
 Maintenance Services

o End User Type Outlook
 BFSI
 IT and Telecom
 Manufacturing
 Retail
 Healthcare
 Energy and Utilities
 Others

• Europe
o Product Outlook
 Air Conditioners
 Precision Air Conditioners
 Chillers
 Air Handling Units
 Others

o Size Outlook
 Large Scale
 Medium Scale
 Small Scale

o Cooling Technique Outlook
 Air cooling
 Liquid cooling
 Immersion cooling
 Evaporative cooling
 Free cooling

o Service Type Outlook
 Installation & Deployment
 Support & Consulting
 Maintenance Services

o End User Type Outlook
 BFSI
 IT and Telecom
 Manufacturing
 Retail
 Healthcare
 Energy and Utilities
 Others

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Market Breakdown by Segment
Understanding how the market is segmented helps identify niche opportunities and targeted growth avenues. The segmentation is typically based on parameters such as:
Data Center Cooling Market, Product Outlook (Revenue, USD Billion, 2020-2034)
• Air Conditioners
• Precision Air Conditioners
• Chillers
• Air Handling Units
• Others

Data Center Cooling Market, Size Outlook (Revenue, USD Billion, 2020-2034)
• Large Scale
• Medium Scale
• Small Scale

Data Center Cooling Market, Cooling Technique Outlook (Revenue, USD Billion, 2020-2034)
• Air cooling
• Liquid cooling
• Immersion cooling
• Evaporative cooling
• Free cooling

Data Center Cooling Market, Service Type Outlook (Revenue, USD Billion, 2020-2034)
• Installation & Deployment
• Support & Consulting
• Maintenance Services

Data Center Cooling Market, End User Type Outlook (Revenue, USD Billion, 2020-2034)
• BFSI
• IT and Telecom
• Manufacturing
• Retail
• Healthcare
• Energy and Utilities
• Others

Conclusion
The Data Center Cooling Market is poised for steady growth, driven by a combination of technological advancements, expanding use cases, and supportive ecosystem trends. For a deeper understanding of how this market is expected to unfold, access the full report today!

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