Data Center Cooling Market size was valued at US$ 11.55 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 10.9% through 2023 to 2029, reaching nearly US$ 23.84 Bn.
Data Center Cooling Market Overview:
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Data Center Cooling Market Scope:
The "Global Data Center Cooling Market Analysis" is a detailed investigation of the Data Center Cooling market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Data Center Cooling market as well as detailed market segmentation by application, end-use, and geography. The Data Center Cooling market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the Data Center Coolinging Data Center Cooling players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Data Center Cooling market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Data Center Cooling market was calculated using the revenue of significant enterprises.
Data Center Cooling Market Segmentation:
Air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and others are the market segments based on the solution. The market for liquid cooling systems is anticipated to expand quickly between 2023 and 2029, with a compound annual growth rate of xxx%. This is because more software is being used. Liquid cooling systems are becoming more and more popular due in large part to their advantages over air cooled systems. Liquid cooling systems provide advantages over air cooling systems, such as reduced noise levels from air cooling system components like fans. These factors are anticipated to support the liquid cooling system solutions sector of the global data center cooling market during the forecast period of 2023–2029.
The market is divided into three segments based on the services provided: consulting, installation and deployment, and maintenance and support. By2029, the Installation & Deployment services sector is anticipated to have the most market share, accounting for xx%. Large organizations and small and medium-sized businesses (SMEs) can both use the installation and deployment services to assist them implement energy-efficient data center cooling in an economical way. They also act as a one-stop shop for seamless installations that need less downtime. These services are being more and more used by organizations worldwide.
BFSI, IT & Telecom, Research & Academic, Government & Defense, Retail, Energy, Manufacturing, Healthcare, and Others are the market segments based on industry. During the projected period of 2023–2029, the Research & Academic industry segment is anticipated to grow quickly at a CAGR of xx%. Advanced data centers that consume less energy are replacing conventional data centers due to factors including the demand for HPC devices like supercomputers, which are characterized by high compute density in the research & academic business. Furthermore, research and educational establishments have started utilizing state-of-the-art cooling technologies such aisle, rack, cold-door, and CRAH cooling units. The scholarly and research community's requirement for data center cooling solutions is expanding as a result of these considerations.
1 Global Data Center Cooling Market, by Component (2022-2029)
• Solution
• Services
2 Global Data Center Cooling Market, by Solution (2022-2029)
• Air Conditioning
• Chilling Units
• Cooling Towers
• Economizer Systems
• Liquid Cooling Systems
• Control Systems
• Others
3 Global Data Center Cooling Market, by Services (2022-2029)
• Consulting
• Installation & Deployment
• Maintenance & Support
4 Global Data Center Cooling Market, by Type of Cooling (2022-2029)
• Room-based Cooling
• Row/Rack-based Cooling
5 Global Data Center Cooling Market, by Data Center Type (2022-2029)
• Large Data Centers
• Enterprise Data Centers
• Mid-sized Data Centers
6 Global Data Center Cooling Market, by Industry (2022-2029)
• BFSI
• IT & Telecom
• Research & Academic
• Government & Defense
• Retail
• Energy
• Manufacturing
• Healthcare
• Others
5. North America Data Center Cooling Market (2022-2029)
5.1 Global Data Center Cooling Market, by Component (2022-2029)
• Solution
• Services
5.2 Global Data Center Cooling Market, by Solution (2022-2029)
• Air Conditioning
• Chilling Units
• Cooling Towers
• Economizer Systems
• Liquid Cooling Systems
• Control Systems
• Others
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Data Center Cooling Market Key Players:
The major players covered in the Data Center Cooling market report are
1. 3M
2. AIRSYS
3. Alfa Laval
4. Allied Control
5. Asetek
6. Climaveneta (Mitsubishi Electric)
7. Condair Group
8. Coolcentric (Wakefield-Vette)
9. CoolIT Systems
10. Daikin Applied
11. Data Aire
12. Delta Group
13. Green Revolution Cooling
14. Munters
15. Nortek Air
16. Pentair
17. Renovo Zhuhai
18. Rittal
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Data Center Cooling Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Data Center Cooling Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Data Center Cooling market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Data Center Cooling industry,
Key Questions Answered in the Data Center Cooling Market Report are:
- Which segment grabbed the largest share in the Data Center Cooling market?
- What was the competitive scenario of the Data Center Cooling market in 2021?
- Which are the key factors responsible for the Data Center Cooling market growth?
- Which region held the maximum share in the Data Center Cooling market in 2021?
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