Press release
Key Players and Competitive Overview in the Data Center Cooling Market
Data Center Cooling
Projected Growth and Market Size for Data Center Cooling by 2030
The data center cooling market is anticipated to experience rapid growth, reaching a valuation of $42.81 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 17.0% during the forecast period. Factors contributing to this surge include the widespread adoption of AI-powered data centers, an increasing commitment to carbon-neutral operations, the proliferation of edge data centers, robust investments in cutting-edge cooling technologies, and tightening regulations targeting energy efficiency. Key trends shaping the market involve the rising use of liquid and immersion cooling techniques, broader deployment of directed and containment cooling systems, implementation of real-time thermal monitoring, a focus on energy-conserving cooling designs, and the growth of modular cooling architectures.
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Leading Companies Driving Innovation in the Data Center Cooling Market
The competitive landscape of the data center cooling market features several prominent players, including Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Fujitsu Limited, ABB Group, Hewlett Packard Enterprise Company, Daikin Industries Ltd., Johnson Controls International plc, Eaton Corporation, Emerson Electric Co., Trane Technologies plc, Climaveneta Climate Technologies S.p.A., Vertiv Group Corporation, Alfa Laval AB, and Rittal GmbH & Co. KG. Other notable companies include Ebullient Inc., Munters Group AB, Nortek Air Solutions LLC, Coolcentric Inc., Airedale International Air Conditioning Limited, Asetek Inc., Usystems Inc., Midas Green Technologies Inc., Liquid Cool Solutions LLC, Green Revolution Cooling Inc., Submer Technologies Inc., Delta Power Solutions, and Adaptivcool Ltd.
A significant development occurred in December 2023 when Vertiv, a US-based critical infrastructure provider for data centers and communication networks, acquired CoolTera Ltd., an Israel-based company specializing in advanced cooling solutions for data centers and IT environments. This strategic acquisition aims to enhance Vertiv's capabilities in high-density cooling by integrating CoolTera's liquid cooling technologies into its thermal management offerings. CoolTera is also recognized for its expertise in mission-critical custom air handlers and modular data center design and manufacturing.
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Emerging Trends and Innovations Creating Opportunities in Data Center Cooling
Leading companies in the data center cooling sector are innovating by introducing advanced products such as immersion cooling fluids to boost their market presence and profitability. Immersion cooling fluids, also called coolants or dielectric fluids, are specialized liquids used in immersion cooling systems to absorb and dissipate heat generated by servers and other IT hardware. A notable example occurred in October 2023 when ExxonMobil Corporation, a US-based natural gas and petrochemicals company, launched a new range of data center immersion cooling fluids. Their portfolio offers both synthetic and non-synthetic options designed to maximize energy efficiency and performance, featuring low viscosity for effective heat transfer and compatibility with various materials to support longer equipment life. These fluids are essential for liquid cooling systems in data centers, aiming to improve energy efficiency, reduce water use, increase rack density, and deliver up to a 40% reduction in the total cost of ownership for IT equipment.
Key Factors Behind Demand Growth in Data Center Cooling
The rising deployment of AI-driven data centers significantly boosts the need for efficient cooling solutions, as these centers generate substantial heat loads requiring advanced thermal management. Additionally, there is growing emphasis on achieving carbon-neutral operations across the data center industry, which increases the demand for energy-efficient and sustainable cooling technologies.
Expanding edge data centers and investments in next-generation cooling infrastructure further propel market growth. Regulatory pressure on energy consumption and environmental impact compels operators to adopt innovative cooling systems that optimize performance while minimizing ecological footprints.
Detailed Market Segmentation of the Data Center Cooling Industry
This report organizes the data center cooling market into several key categories:
1) By Data Center Type: Large Data Centers, Enterprise Data Centers, Mid-Sized Data Centers
2) By Cooling Technology: Rack or Row-Based Cooling, Room-Based Cooling
3) By Component: Solutions, Services
4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) and Telecom, Research and Academic, Government and Defense, Retail, Energy, Manufacturing, Healthcare, and Other Industries
Further breakdown includes:
- Large Data Centers: Hyperscale Data Centers, Cloud Data Centers, Co-Location Data Centers
- Enterprise Data Centers: Private Enterprise Data Centers, In-House Data Centers
- Mid-Sized Data Centers: Edge Data Centers, Regional Data Centers
Regional Outlook and Market Dynamics
While this report does not specify regional shares, the global nature of data center infrastructure suggests widespread market relevance, with particular growth expected in regions investing heavily in digital transformation and cloud computing. These segments and geographic trends will shape the future landscape of the data center cooling market.
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