Data Center Cooling Market Size, Trends Analysis & Global Industry Report, 2023-2030
Data Center Cooling Market size reached USD 11.3 billion in 2022 and is estimated to reach USD 24.6 billion in 2030 and the market is estimated to grow at a very high CAGR of 10.3% from 2023-2030.
Data Center Cooling Market Overview
Data center cooling refers to the practice of separating hot air from cold air. This technology helps in maintaining the environmental conditions suitable for information technology equipment (ITE) operation. Modern data centers use several innovative data center technologies to maintain ideal and efficient operating conditions. The global data center cooling market covers different types of solutions which include air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and other solutions.
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Major Data Center Cooling Market Drivers
The major factors that are responsible for the growth of the global data center cooling market size include the rising demand for cost-effective data center solutions and the increasing importance of eco-friendly data center solutions. Over the past decade, the cooling cost of the data centers consumed a high portion of the total energy used in the data centers. This has encouraged the data center owners to address the challenges by deploying economical and effective cooling solutions, thus surging the need for advanced data center cooling technologies. Various data center cooling systems such as economizers use the outside climatic conditions to cool the data centers which decrease energy and cooling costs. The data center cooling module saves 30% to 60% of the operational cost. Additionally, the implementation of cloud technology, the Internet of Things (IoT), big data has encouraged companies to invest in new centers to maintain business continuity.
The increasing number of data centers around the world is one of the emerging data center cooling market trends that is contributing to the market growth. In 2018, Digital Realty Trust, Inc., an organization providing colocation, data center, and other solutions, announced to build its third center in Toronto, Canada. This new center will capture the growing need of emerging start-ups and large companies who are focusing on digital transformation. Moreover, the strong demand for improved mobility, operational efficiency, security, and bandwidth, will further support the market development. There has been a shift towards digital transformation by use of connected technology and IoT, thus the increasing need for the data center ecosystem to ensure quick deployment, scalability, availability, and security. This is further encouraging the development of innovative systems that are highly cost-effective, software-defined, and highly agile.
The emergence of COVID-19 has adversely impacted every sector, especially in the IT & telecom industry. This has decreased the spending of big companies and service providers on infrastructure development and maintenance, thus hampering the demand for data center solutions and services. However, the market is projected to bounce back in 2021 while growing at a higher rate.
Restraints in the Global Data Center Cooling Market
The data center construction cost is quite high, amounting to around USD 1,000 per square foot to USD 40,000 per rack. Thus, the high cost of setting up and maintaining cooling solutions is expected to hamper the growth of the market over the coming years.
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Solution – Segment Analysis
Based on the solution, the liquid cooling systems is projected to grow at a higher CAGR during the forecast period. The increasing demand for liquid cooling systems owing to the benefits as compared to air cooled systems is driving the demand of the market. These systems provide cooling at decreased energy cost comparatively to air cooling systems and produce less amount of noise level.
Services – Segment Analysis
Based on the services, the installation & deployment services is projected to witness a faster CAGR during the forecast period. The installation & deployment services are increasingly used by small and medium enterprises (SMEs) and large organizations for energy-efficient data center cooling in a cost-effective manner. This service is a one-stop-shop for hassle-free deployment at a minimum downtime.
Type of Cooling – Segment Analysis
Based on the type of cooling, row/rack-based cooling is expected to dominate the market during the forecast period. Various benefits related to row/rack-based cooling, such as reducing the airflow path length in data center, decreasing the power needed for cooling, and increasing the cooling efficiency, is encouraging the end-users to opt for this type of cooling method.
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Regional – Segment Analysis:
On the basis of regional coverage, Asia-Pacific is expected to grow at a higher CAGR during the forecast period. This is mainly attributed to the strong demand for data center cooling owing to the rising public and private sector investment in projects related to banking, telecom, and the government sector. In 2020, the National Payments Corporation of India, announced to launch its own smart data centers in Hyderabad. These data centers will help in building a robust payment and settlement infrastructure in India. This is propelling the growth of the India data center cooling market. Furthermore, the continuous expansion of the IT and digital commerce sector has surged the data traffic in the Asian countries, thus surging the growth of the market. As per the International Trade Administration, the Japanese e-commerce market is increasing at a significant rate amounting to USD 163.5 billion in sales for the year 2018. The average monthly spending expenditure accounted for USD 130 per household, with an average of 22 items being purchased. Thus, the rising spending power is further supporting the regional market growth.
Top Market Players
Some of the leading players operating in the market include Vertiv Group Corp., Black Box Corporation, Asetek, Inc., STULZ GMBH, Coolcentric, Degree Controls Inc., AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Rittal GmbH & Co. KG, Schneider Electric, and Condair Group, among others.
Key Developments:
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- In 2020, Vertiv Group Corp. introduced VRC-S, a rack integrated with infrastructure support equipment. This new product has rack power distribution unit, monitoring sensors and software, and is available in North America via company’s representatives.
- In 2020, Asetek, Inc., collaborated with Hewlett Packard Enterprise (HPE) to launch its premium data center liquid cooling solutions in HPE Apollo Systems, which are high-performing and density-optimized.
Segments covered in the Report:
The global data center cooling market has been segmented on the basis of solution, services, type of cooling, data center type, industry, and regions. Based on Solution, the market is segmented into Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others. Based on services, the market is segmented into consulting, installation & deployment, and maintenance & support. Based on the type of cooling, the market is segmented into room-based cooling and row/rack-based cooling. Based on data center type the market is segmented into mid-sized data centers, enterprise data centers, and large data centers. Based on the Industry, the market is segmented into BFSI, IT & Telecom, research & academic, government & defense, retail, energy, manufacturing, healthcare, and others.
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|
Report Coverage |
Details |
| Market Revenues (2022) |
USD 11.3 Billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Billion) |
| Market Segment | By Solution, By Services, By Type of Cooling, By Data Center Type, By Industry, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Vertiv Group Corp., Black Box Corporation, Asetek, Inc., STULZ GMBH, Coolcentric, Degree Controls Inc., AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Rittal GmbH & Co. KG, Schneider Electric, and Condair Group, among others; a total of 10 companies covered |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Data Center Cooling Market by Solution
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- Air Conditioning
- Chilling Units
- Cooling Towers
- Economizer Systems
- Liquid Cooling Systems
- Control Systems
- Others
Global Data Center Cooling Market by Services
-
- Consulting
- Installation & Deployment
- Maintenance & Support
Global Data Center Cooling Market by Type of Cooling
-
- Room-based cooling
- Row/Rack-based cooling
Global Data Center Cooling Market by Data Center Type
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- Mid-Sized Data Centers
- Enterprise Data Centers
- Large Data Centers
Global Data Center Cooling Market by Industry
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- BFSI
- IT & Telecom
- Research & Academic
- Government & Defense
- Retail
- Energy
- Manufacturing
- Healthcare
- Others
Global Data Center Cooling Market by Region
-
-
North America Data Center Cooling Market (Option 1: As a part of the free 25% customization)
- By Solution
- By Services
- By Type of Cooling
- By Data Center Type
- By Industry
- US Market All-Up
- Canada Market All-Up
-
Europe Data Center Cooling Market (Option 2: As a part of the free 25% customization)
- By Solution
- By Services
- By Type of Cooling
- By Data Center Type
- By Industry
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Data Center Cooling Market (Option 3: As a part of the free 25% customization)
- By Solution
- By Services
- By Type of Cooling
- By Data Center Type
- By Industry
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
RoW Data Center Cooling Market (Option 4: As a part of the free 25% customization)
- By Solution
- By Services
- By Type of Cooling
- By Data Center Type
- By Industry
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Major Players Operating in the Global Data Center Cooling (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Vertiv Group Corp.
- Black Box Corporation
- Asetek, Inc.
- STULZ GMBH
- Coolcentric
- Degree Controls Inc.
- AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
- Rittal GmbH & Co. KG
- Schneider Electric
- Condair Group
Frequently Asked Question About This Report
Data Center Cooling Market [UP2077-001001]
Data Center Cooling market is anticipated to grow at 10.3% during the forecast period.
The data center cooling market is segmented based on solution include Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others
The row/rack-based cooling is expected to dominate the market during the forecast period. Various benefits related to row/rack-based cooling, such as reducing the airflow path length in data center, encouraging the end-users to opt for this type of cooling method.
The key factors that are responsible for the growth of the data center cooling market size include the rising demand for cost-effective data center solutions and the increasing importance of eco-friendly data center solutions.
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