Data Center Chillers Market to Reach USD 7.1 Billion by 2032, Says Stratview Research

The Data Center Chillers Market, which encompasses centralized cooling systems designed to remove heat from data center infrastructure and maintain optimal operating temperatures for servers and IT equipment, is expected to grow to USD 7.1 billion by 2032, expanding at a CAGR of 15.8% during the forecast period from 2025 to 2032. This growth is primarily driven by rapid expansion of hyperscale and colocation data centers worldwide, where increasing server rack densities demand highly efficient and reliable cooling solutions to ensure uptime, reduce energy costs, and support scalable digital infrastructure.

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Market Statistics

• Market size (2024): USD 2.2 billion
• Forecast value (2032): USD 7.1 billion
• CAGR (2025-2032): 15.8%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

Data Center Chillers Market by Data Center Type
• Hyperscale
• Colocation
• Enterprise
• Edge

Data Center Chillers Market by Product Type
• Air-cooled
• Water-cooled
• Glycol-cooled

Data Center Chillers Market by Technology Type
• Screw
• Scroll
• Centrifugal

Data Center Chillers Market by Region Type
• North America
• Europe
• Asia-Pacific
• Rest of the World

Segment Analysis

In the data center type category, the colocation segment currently dominates the market because colocation facilities operate at high utilization and serve multiple tenants, creating sustained demand for robust chillers that can meet varied cooling requirements while maintaining uptime; this stronghold encourages chiller OEMs to tailor scalable, high-capacity solutions for this segment. The enterprise segment is the fastest growing as many organizations upgrade infrastructure and outsource to hybrid models that blend on-premises and shared facilities, presenting expansion opportunities for providers that support flexible cooling configurations.

Under product type, the air-cooled segment holds the largest share due to its lower upfront costs, straightforward installation, and minimal water use, making it attractive for small-to-mid-scale data centers; suppliers can capitalize on this preference by optimizing performance and modular designs.
Meanwhile, water-cooled chillers are the fastest-growing as they offer higher energy efficiency and better performance in large-scale facilities, which drives demand for advanced water-cooled systems in high-density data center deployments.

For technology type, screw chillers dominate thanks to their stable part-load performance, reliability, and adaptability across varying load conditions common in mission-critical environments, reinforcing their selection by leading data center operators; this dominance suggests sustained demand for robust screw technology solutions. The scroll segment is the fastest growing with its compact size and growing use in edge and smaller facilities that require efficient, low-maintenance chillers, indicating a market niche for manufacturers focusing on scroll-based products.

Regional Insights

North America is the dominant region, supported by a large installed base of hyperscale and colocation data centers and a mature digital infrastructure that prioritizes advanced cooling technologies to meet stringent reliability and energy efficiency standards; this reinforces the region's role as a strategic base for vendors and solutions integrators.

Asia-Pacific is the fastest-growing region, propelled by rapid data center capacity expansion, accelerated cloud adoption, digitalization initiatives, and rising enterprise workloads across China, India, and Southeast Asian markets, creating significant demand for scalable and efficient chiller systems and making it a focal point for market entrants.

Market Drivers

• Expansion of hyperscale and colocation data center infrastructure increasing demand for high-capacity cooling solutions.
• Rising server rack densities requiring accurate and efficient thermal management systems.
• Focus on energy savings and reducing power usage effectiveness (PUE) through efficient chiller technologies.
• Adoption of liquid cooling and hybrid cooling architectures to complement chillers.
• Stringent uptime, reliability, and redundancy requirements in mission-critical facilities driving advanced cooling investments.

Competitive Landscape

Top Companies in the Market
• Airedale
• Carrier Global
• Daikin
• Johnson Controls
• Mitsubishi
• Rittal
• Schneider
• Stulz GmbH
• Trane
• Vertiv

FAQs

1.What is the projected value of the data center chillers market by 2032?
The data center chillers market is expected to reach USD 7.1 billion by 2032 at a CAGR of 15.8% during 2025-2032.

2.Which data center type segment currently dominates the chillers market?
The colocation data center segment holds the largest share due to high utilization and multi-tenant cooling needs.

3.Why are air-cooled chillers widely adopted in data centers?
Air-cooled chillers are preferred for their lower upfront costs, simple installation, and minimal water usage, making them suitable for smaller and mid-scale facilities.

4.What technology type is most commonly used in data center chillers?
Screw chillers dominate the market owing to their reliability and efficient part-load performance in mission-critical environments.

5.Which region is experiencing the fastest growth in the data center chillers market?
Asia-Pacific is the fastest-growing region driven by rapid digitalization, cloud adoption, and expanding data center capacity.

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