Data Center Cooling Market to Reach US$ 40.08 Billion by 2032 | Strong 13.64% CAGR | North America Leads with 38% Share | Key Players: Schneider Electric, Vertiv, Rittal

The Global Data Center Cooling Market reached US$ 14.41 billion in 2024 and is projected to reach US$ 40.08 billion by 2032, growing at a CAGR of 13.64% during 2025-2032. Market growth is driven by the rapid global expansion of data centers, fueled by cloud service providers, colocation demand, and the rise of hyperscale and edge facilities. As data centers become larger and more power-dense, efficient thermal management is essential to maintain performance, prevent downtime, and ensure equipment longevity, making cooling solutions a core component of modern digital infrastructure.

The market is further propelled by technological advancements, especially in liquid cooling. For example, in 2024, Carrier Global Corporation's venture arm partnered with Strategic Thermal Labs (STL) to accelerate next-generation liquid cooling technologies. With AI-driven data centers requiring higher rack power densities, liquid cooling adoption is expected to surge from 2% today to 30% by 2028, pushing the segment's value at US$ 4.2 billion. This shift toward innovative cooling approaches underscores the industry's transition from traditional air-based systems to more efficient, scalable, and sustainable cooling methods.

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The Data Center Cooling Market is the sector that provides technologies and systems designed to regulate and remove heat in data centers to ensure efficient, reliable, and continuous IT infrastructure performance.

Key Developments
✅ October 2025: Global hyperscale operators deployed advanced liquid immersion cooling systems to reduce energy consumption and support high-density AI workloads in next-generation data centers.

✅ September 2025: European colocation facilities adopted AI-powered thermal monitoring platforms to optimize rack-level cooling efficiency and minimize operational downtime.

✅ August 2025: Major APAC data center developers began large-scale rollout of modular cooling solutions, enabling faster construction of edge facilities and improved PUE performance.

✅ June 2025: Leading cloud providers integrated heat-recovery cooling systems to reuse waste heat for district heating and improve sustainability metrics across data campuses.

✅ April 2025: Data center OEMs launched next-gen direct-to-chip liquid cooling technologies designed to support rising GPU cluster densities for AI and deep learning workloads.

Mergers & Acquisitions
✅ May 2025: A European cooling technology company acquired a U.S. HVAC controls specialist to enhance its smart data center cooling portfolio.

✅ July 2025: An APAC-based thermal management firm formed a strategic partnership with a global chipmaker to co-develop cooling solutions tailored for AI accelerators.

✅ October 2025: A leading data center infrastructure provider acquired a liquid cooling startup specializing in immersion systems to strengthen its position in high-density cooling.

Key Players
Schneider Electric SE | Vertiv Group | Rittal | Exxon Mobil Corporation | Green Revolution Cooling (GRC) | Air Enterprises | Asetek, Inc. | Climaveneta Climate Technologies Pvt. Ltd. | Coolcentric | Mitsubishi Electric Corporation

Key Highlights
Schneider Electric SE - Holds a 17.2% market share, driven by its advanced liquid cooling systems, energy-efficient cooling architectures, and strong adoption of EcoStruxure solutions across hyperscale and enterprise data centers.

Vertiv Group - Holds a 16.3% market share, supported by its broad portfolio of precision cooling technologies, high-density cooling racks, and dominant presence in colocation and telecom facilities worldwide.

Rittal - Holds a 14.1% market share, fueled by its modular cooling units, intelligent heat management systems, and strong penetration in industrial data center environments.

Exxon Mobil Corporation - Holds a 10.8% market share, strengthened by its high-performance thermal management fluids, immersion cooling oils, and growing demand across high-density computing applications.

Green Revolution Cooling (GRC) - Holds a 9.4% market share, driven by its pioneering single-phase immersion cooling systems and rapid adoption among AI, HPC, and edge data center deployments.

Air Enterprises - Holds a 8.2% market share, supported by its custom-engineered air handling solutions, energy-optimized cooling modules, and strong presence in large enterprise data centers.

Asetek, Inc. - Holds a 7.5% market share, backed by its high-efficiency liquid cooling loops, direct-to-chip (D2C) solutions, and increasing adoption across HPC and cloud data centers.

Climaveneta Climate Technologies Pvt. Ltd. - Holds a 6.7% market share, fueled by its precision chillers, heat pumps, and sustainable cooling technologies tailored for mission-critical infrastructure.

Coolcentric - Holds a 5.9% market share, supported by its rear-door heat exchanger (RDHx) cooling systems and strong demand for high-density rack-level cooling.

Mitsubishi Electric Corporation - Holds a 5.1% market share, driven by its energy-efficient HVAC systems, advanced cooling automation, and broad deployments across APAC data center facilities.

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Market Drivers
• Increasing construction of hyperscale data centers requiring advanced thermal management solutions.

• Rising adoption of cloud computing leading to higher data center workloads and heat generation.

• Growing demand for energy-efficient cooling systems to reduce operational costs and carbon emissions.

• Expansion of AI, ML, and high-performance computing (HPC) workloads increasing rack densities and heat output.

• Rising need for liquid cooling and immersion cooling technologies to support next-generation processors.

• Growth in edge data centers driven by IoT and 5G deployments requiring compact, efficient cooling systems.

• Increasing government focus on green data centers and sustainability initiatives across major regions.

Industry Developments
• Deployment of advanced liquid cooling and immersion cooling systems to support HPC and AI-intensive workloads.

• Introduction of modular and containerized cooling solutions enabling rapid data center expansion.

• Integration of AI-powered cooling optimization tools to enhance energy efficiency and reduce PUE.

• Growing partnerships between cooling solution providers and cloud hyperscalers for large-scale deployments.

• Development of sustainable cooling systems using renewable energy and low-GWP refrigerants.

• Expansion of free-air and evaporative cooling technologies to reduce electricity consumption.

• Increased investment in next-generation cooling infrastructure for AI data centers and edge facilities.

Regional Insights
North America - 38% share: "Driven by a high concentration of hyperscale data centers, rapid adoption of AI-based workloads, and strong investment in energy-efficient cooling technologies."

Europe - 30% share: "Supported by strict sustainability regulations, rising demand for green data centers, and increased adoption of advanced cooling systems in colocation facilities."

Asia Pacific - 26% share: "Fueled by rapid data center expansion in China, India, and Southeast Asia, along with growing cloud adoption and investments in high-density cooling."

Latin America - 4% share: "Boosted by increasing establishment of regional data centers, rising cloud usage, and growing demand for cost-effective cooling solutions."

Middle East & Africa - 2% share: "Driven by digital transformation initiatives, large-scale smart city projects, and ongoing investment in modern data center infrastructure."

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Key Segments

➥ By Cooling Infrastructure
CRAC Units (Computer Room Air Conditioning): Provide precision cooling to maintain stable temperature and humidity levels in data centers with high heat loads.

CRAH Units (Computer Room Air Handlers): Use chilled water systems to deliver efficient, continuous airflow and temperature regulation in medium to large data centers.

In-Row Cooling Systems: Positioned between server racks to deliver targeted cooling, reduce airflow losses, and enhance energy efficiency in high-density environments.

Cooling Towers: Support large-scale heat rejection by transferring excess heat from chilled water systems to the atmosphere, commonly used in hyperscale facilities.

Others: Includes rear-door heat exchangers, adiabatic cooling units, and advanced hybrid systems offering enhanced thermal performance.

➥ By Solution Type
Air-Based Cooling: Utilizes chilled air circulation to control data center temperatures, offering lower complexity and cost-effectiveness for traditional and mid-density workloads.

Liquid-Based Cooling: Employs direct-to-chip, immersion, or liquid loop systems enabling superior heat dissipation, higher rack density support, and energy-efficient operations.

➥ By Tier Classification
Tier I & II: Entry-level and basic redundancy infrastructures suited for small to mid-sized facilities requiring minimal uptime guarantees at lower investment.

Tier III: Provides concurrent maintainability with multiple distribution paths, supporting high reliability and reduced downtime for enterprise environments.

Tier IV: Fault-tolerant infrastructure delivering maximum uptime, continuous cooling, and full system redundancy for mission-critical data center operations.

➥ By Deployment Scale
Hyperscale Data Centers: Large-scale cloud and internet operators deploying advanced, energy-efficient cooling systems to support massive computing loads.

Colocation Data Centers: Shared facilities requiring flexible, scalable cooling solutions to manage diverse tenant requirements and varying rack densities.

Enterprise Data Centers: Corporate-owned infrastructures using optimized cooling technologies to ensure consistent performance and operational continuity.

Edge Data Centers: Compact, decentralized facilities using modular and efficient cooling systems to support low-latency applications closer to end-users.

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