Data Center Cooling Market Forecast to Grow at 16.21% CAGR from 2024 to 2031 | SkyQuest Technology

Data Center Cooling Market Size, Share, Growth Analysis, By Product (Air Conditioners, Precision Air Conditioners), By Application (Telecom & IT, Retail), By Type of Cooling (Rack/ Row-Based Cooling, Room-Based Cooling), By Region - Industry Forecast 2024-2031
Data Center Cooling Market [https://www.skyquestt.com/report/data-center-cooling-market] size was valued at around USD 13.56 Billion in 2022 and is expected to rise from USD 16.35 Billion in 2023 to reach a value of USD 56.03 Billion by 2031, at a CAGR of 16.21 % during the forecast period (2024-2031).

The rising demand for energy-efficient data centers is creating lucrative opportunities for the market. The primary reasons for such growth prospects are rapid rise in data management and significant increase in the demand for data centers worldwide. Data centers consume huge amount of power that produces lots of heat, resulting the requirement for effective cooling equipment. Moreover, the rising popularity of the OTT platforms and streaming services has resulted in a significant increase in the data volumes, fueling the demand. The dramatic growth witnessed in the cloud service, the importance of big data, and enhanced penetration of connected devices are influencing the companies to invest in developing new data center facilities. Software-based data centers are also helping in the market growth by offering improved level of automation.

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Top Player's Company Profiles in Data Center Cooling Market

* Schneider Electric SE (France)
* Vertiv Co. (US)
* Eaton Corporation plc (Ireland)
* Rittal GmbH & Co. KG (Germany)
* STULZ GmbH (Germany)
* Asetek A/S (Denmark)
* Coolcentric (US)
* ClimateWorx International Inc. (Canada)
* Delta Electronics Inc. (Taiwan)
* Fujitsu Limited (Japan)
* Hewlett Packard Enterprise Development LP (US)
* IBM Corporation (US)
* Johnson Controls International plc (Ireland)
* Mitsubishi Electric Corporation (Japan)
* Nortek Air Solutions LLC (US)
* Trane Technologies plc (Ireland)
* Vigilent Corporation (US)
* Lenovo Group Limited (China)
* Huawei Technologies Co., Ltd. (China)
* CommScope Holding Company, Inc. (US)
* Munters Group AB (Sweden)
* Emerson Electric Co. (US)

Increasing Number of Data Centers to Create Demand for Low-Power Consuming Cooling Method Expanding the Market Growth

In recent times, the number of data center have increased because of the rising demand for additional storage of large volumes of data that are created on daily basis. However, such growing establishment of data centers increases overall energy consumption and also contributes to the excess generation of heat. This will help in developing a demand for low-power-consuming cooling techniques. With the advancement of technologies like Industry 4.0 and IoT there has been a prominent rise in the infrastructure spending. The use of advanced data center cooling solutions will help to improve the power consumption. This will assist the data centers to become more energy efficient and reduce their total operational expense.

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Segments covered

End-use Industry

BFSI, IT & Telecom, Research & Academic, Government & Defense, Retail, Manufacturing, Healthcare, Energy, Others

Type of Cooling

Rack-Based Cooling, Row/Room-Based Cooling

Solution

Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, Other

Services

Consulting, Installation & Deployment, Maintenance & Support

Data center type

Large, Enterprise, Mid-sized data centers

High Demand for Rear Heat Exchange System to Improve Cooling Methods Boosts Market

The rise of high computing capability altered the operational standards for data centers. It has made a more complicated environment by developing computer room air conditioning units an insufficient solution of their own. Nowadays, these inadequate rack cooling has become a problem in the data centers. Recently, companies have started adopting the rear heat exchange system that can help data centers to maintain rack density. RDHX is beneficial for both the latest design and existing data centers. Integrating this solution in the current high-density racks can enhance the cooling system. It can offer sufficient cooling while mitigating the requirement for complex under-floor air distribution. The densely packed electrical components like processors in data centers create more heat and have amplified exposure to the outside air. It is developing a huge demand for new cooling methods and innovations that can boost the data center cooling market.

* In April 2024, Accelsius Inc., a subsidiary of Innventure launched their direct to chip liquid cooling technology for data centers.
* In March 2024,Schneider Electric introduced its new cooling factory in Bengaluru. The objective of this factory is to develop advanced cooling solutions to increase efficiency.
* In March 2024, a new modular data centeroffering was unveiled by Nautilus data technologies. This new product segment eco core is based on the cooling technology manufactured at its data center.

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Surge in Adoption of Digital Infrastructure with Rising Computational Demand to Expand Development of Data Center Cooling Market

Many countries are massively investing in the data center cooling market. This is because of the increasing adoption of innovative technologies and digital infrastructure. Data centers organizations are applying unique cooling solutions that are effective and environmentally sustainable. This is primarily due to the rising computational demand from sectors like IT & telecom, financial services, and healthcare. These industries need dependable and efficient cooling technique to make sure the data centers operate at its finest.

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