Press release
Data Center Cooling Market to Reach US$17.1 Billion by 2031, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4187/data-center-cooling-market.html
Market Statistics
• Market size: US$9.1 billion in 2024
• Forecast value: US$17.1 billion by 2031
• CAGR: 11.2% (2024-2031)
• Forecast period: 2025-2031
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Data Center Cooling Market, by Cooling Type
• Air Cooling
• Air Cooling Product Type Analysis: Perimeter, Air Handling Unit, and Other Air Cooling Products
• Liquid Cooling
• Liquid Cooling Product Type Analysis: Direct-to-chip, Immersion, and Other Liquid Cooling Products
Data Center Cooling Market, by Structure Type
• Room-based
• Rack-based
• Row-based
Data Center Cooling Market, by End-Use Industry Type
• Healthcare
• Retail
• Media & Entertainment
• IT & Telecom
• BFSI
• Other End-Use Industries
Data Center Cooling Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
Cooling Type: Air cooling holds the dominant share of the market due to its widespread adoption, cost-effectiveness, and compatibility with existing infrastructure, making it the default choice for many legacy and new data centers. In contrast, liquid cooling is the fastest-growing segment as high-density computing - especially AI and HPC workloads - requires enhanced thermal efficiency, prompting data center operators to invest increasingly in liquid solutions. This shift supports suppliers and investors focusing on next-generation cooling technologies.
Product Type: Within air cooling, perimeter solutions dominate given their established use, but within liquid cooling, direct-to-chip systems are experiencing faster growth owing to their targeted heat removal capability that boosts performance and efficiency, presenting opportunities for technology innovators and system integrators to capture emerging demand.
Structure Type: Rack-based cooling leads and is the fastest-growing category since it places cooling mechanisms closer to the heat source, reducing airflow losses and supporting high rack densities - a must for modern data centers, making it an essential focus area for system designers and infrastructure planners.
End-Use Industry Type: The BFSI (Banking, Financial Services, and Insurance) sector is both the dominant and fastest-growing end-use segment, driven by rapid digitalization, real-time transaction systems, and high performance requirements, encouraging tailored solutions from vendors targeting these high-value enterprise customers.
Regional Insights
North America: North America is the largest regional market for data center cooling, supported by a high concentration of hyperscale data centers, robust cloud adoption, and strong technology investment. The presence of major cloud providers and strict energy efficiency and sustainability regulations further accelerates demand for advanced cooling solutions within the region.
Asia-Pacific: Asia-Pacific is a rapidly growing region in the data center cooling market, propelled by increasing demand for cloud services, digital transformation initiatives, and expanding data center infrastructure across emerging economies. The rise in AI and IoT adoption fuels the need for efficient cooling systems tailored to high-density data center applications.
Market Drivers
• Expansion of hyperscale data centers driving demand for advanced cooling solutions.
• Increasing deployment of edge and modular data centers with 5G rollout.
• Rising data center density and thermal loads from AI and high performance computing.
• Regulatory focus on energy efficiency and sustainability.
• Growth in BFSI and digital services increasing demand for reliable cooling infrastructure.
Top Companies in the Market
• Vertiv Group Corp
• Johnson Controls
• Stulz GMBH
• Airedale By Modine
• Trane Technologies
• Carrier
• Daikin Industries
• Schneider Electric
• Coolit Systems
• Fujitsu
FAQs - Data Center Cooling Market
1. What is the projected value of the global data center cooling market by 2031?
The market is expected to reach US$17.1 billion by 2031.
2. What CAGR is the data center cooling market anticipated to achieve through 2031?
The market is forecast to grow at a CAGR of 11.2% from 2024 to 2031.
3. Which cooling technology segment leads the data center cooling market?
Air cooling holds the dominant share due to its broad adoption and compatibility with existing infrastructure.
4. What end-use industry is driving growth in data center cooling demand?
The BFSI sector leads and grows fastest because of increasing digital services and high-performance requirements.
5. Which region is the largest market for data center cooling systems?
North America is the largest regional market, driven by extensive data center infrastructure and high technology investment.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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