Data Center Cooling Market Thrives, Anticipates 13.8% CAGR Growth by 2030
Market Insights & Analysis: Data Center Cooling Market (2024-30)
Projected Growth: The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.
Comprehensive Overview of the Data Center Cooling Market
Utilizing both primary and secondary research methodologies, the Data Center Cooling Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Global Data Center Cooling Market Driver: Rising Numbers of Data Center Deployments Boosting the Market Expansion
There has been a notable surge in the number of data center deployments owing to the increasing demand for additional storage to store large volumes of data that have been generated regularly. Also, due to the proliferation of data centers, there has been a surge in energy usage and subsequent heat production. For instance:
According to the International Energy Agency, in 2023, Data centers accounted for up to 1.5% of global electricity consumption and are responsible for 1% of energy-related greenhouse gas emissions.
As the Data Center Cooling Market evolves, energy inefficiencies arising from traditional cooling systems are becoming a significant concern. With data centers consuming vast amounts of energy, there’s a growing demand for innovative, low-power cooling solutions to maintain optimal temperatures for IT equipment. This pressing need is driving the development of efficient cooling technologies within the industry.
Data Center Cooling Market Segmentation
By Solution
-Air Conditioning
-Chilling Units
-Cooling Towers
-Economizer Systems
-Liquid Cooling Systems
-Control Systems
-Others (Air Handling, Heat Rejection, etc.)
By Service
-Consulting
-Installation & Deployment
-Maintenance & Support
By Verticals
-BFSI
-IT & Telecom
-Retail
-Healthcare
-Research & Educational Institutes
-Energy
-Government & Defense
-Others
- In the Data Center Cooling Market, the Research & Educational Institutes segment is anticipated to hold the largest market share during the forecast period.
By Type of Data Center
-Mid-sized Data Centers
-Enterprise Data Centers
-Large Data Centers
By Type of Cooling
-Room-based Cooling
-Row/Rack Cooling
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Key Players in the Data Center Cooling Market
The report features major players including:
Modine, STULZ Gmbh, Vertiv Group Corp., Fujitsu, Black Box, Green Revolution Cooling Inc., Submer, Asperitas, Iceotope Technologies Limited, Dug Technology, DCX Liquid Cooling Systems, Rittal Gmbh & Co. Kg,, Schneider Electric, Asetek, Inc., Nortek Air Solutions, Llc, Others,
Regional Analysis
The report covers a comprehensive analysis of the Data Center Cooling Market across various regions:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Key Questions Answered in the Data Center Cooling Market Report
- Who are the major players in the Data Center Cooling Market?
- Which region presents the most potential for the Data Center Cooling Market?
- Which application area of the Data Center Cooling Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Data Center Cooling Market by the end of the forecast period?
- What are the growth prospects for the Data Center Cooling Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Data Center Cooling Market?
- What factors are expected to drive the growth of the Data Center Cooling Market?
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