Press release
Data Center Cooling Market Research Explores Growth Within A $42.81 Billion Opportunity
Data Center Cooling Market
Rapid Growth Forecast in the Data Center Cooling Market Size
The data center cooling market is projected to witness swift growth in the coming years. By 2030, the market value is expected to reach $42.81 billion, growing at a compound annual growth rate (CAGR) of 17.0%. This surge is driven by factors such as the rising deployment of AI-powered data centers, stronger emphasis on achieving carbon-neutral operations, expansion of edge data centers, increased investments in innovative cooling solutions, and escalating regulatory demands focused on energy efficiency. Noteworthy trends include the adoption of liquid and immersion cooling technologies, expanded use of directed and containment cooling systems, incorporation of real-time thermal monitoring, stronger focus on energy-efficient cooling designs, and advancement in modular cooling infrastructure.
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Top Companies Leading the Data Center Cooling Market
The competitive landscape of the data center cooling market features prominent companies, 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, Rittal GmbH & Co. KG, 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.
Significant Acquisition Enhances Cooling Capabilities
In December 2023, Vertiv, a US-based company specializing in critical infrastructure for data centers and communication networks, acquired CoolTera Ltd., an Israel-based firm recognized for advanced cooling solutions in data centers and IT environments. This strategic acquisition aims to bolster Vertiv's expertise in high-density cooling by integrating CoolTera's cutting-edge liquid cooling technology and infrastructure into Vertiv's existing thermal management portfolio. Additionally, CoolTera enhances Vertiv's capabilities in mission-critical custom air handlers and modular data center design, engineering, and manufacturing.
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Emerging Trends Creating New Opportunities in Data Center Cooling
Leading companies in the data center cooling sector are innovating by introducing new products like immersion cooling fluids to boost their market presence and profitability. Immersion cooling fluids-also known as coolants or dielectric fluids-are specialized liquids used in immersion cooling systems to absorb and dissipate heat from electronic components such as servers and other IT hardware.
For example, in October 2023, ExxonMobil Corporation, a US-based natural gas company, launched a portfolio of data center immersion cooling fluids. These fluids are designed to maximize energy efficiency and performance while offering synthetic and non-synthetic options with varying thermal capacities. Their low viscosity ensures effective heat removal and compatibility with diverse materials, supporting extended equipment lifespan. This innovation aims to improve energy efficiency, reduce water consumption, increase rack density, and potentially lower the total cost of ownership for IT equipment by up to 40%.
Market Segmentation and Leading Categories in Data Center Cooling
The data center cooling market is divided into several segments for a detailed analysis:
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
- Other Industries
Further subcategories include:
- Large Data Centers: Hyperscale, Cloud, Co-Location Data Centers
- Enterprise Data Centers: Private Enterprise, In-House Data Centers
- Mid-Sized Data Centers: Edge and Regional Data Centers
This comprehensive segmentation highlights the diverse applications and technologies shaping the future of data center cooling worldwide.
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