The Global Data Center Cooling Market Will Be Bolstered by Rising Computational Needs
The Global Data Center Cooling Market is driven by rising computational needs. The market oversees the cooling of servers housed in large data centers to prevent overheating. Data centers require specialized cooling systems to efficiently dissipate up to 50 times more heat per square foot than a general office building. The rising trend of cloud computing, big data analytics, and internet of things has accelerated the need for additional data center capacity globally.
The Global Data Center Cooling Market is estimated to be valued at US$ 32.91 Billion in 2024 and is expected to exhibit a CAGR of 12% over the forecast period between 2024 to 2031.
Cooling systems for data centers include precision air conditioners, chillers, cooling towers, air handlers, and computer room air conditioners. They ensure optimal thermal management and prevent server malfunctions that can cause downtime and lost revenues. Traditional cooling approaches are unable to adequately deal with today’s rapidly increasing heat loads stressing the need for modern, energy-efficient solutions.
Key Takeaways
Key players operating in the data center cooling market are Air Enterprises, Asetek, Inc., Climaveneta, Coolcentric, Daikin Industries Ltd, Dell Technologies Inc., Fujitsu, Hitachi, Ltd., Johnson Controls, Liquid Cool Solutions Inc., Mitsubishi Electric Corp., Munters Group AB , Nortek Air Solutions, LLC, NTT Ltd., Rittal GmBH & Co. KG, Schneider Electric SE, STULZ GmBH, Telx Inc., and Vertiv Co. Major players are investing heavily in R&D to develop innovative cooling technologies focused on optimizing energy consumption and reducing carbon footprint.
The growing demand for cloud-based services around the world is fueling expansion of existing Data Center Cooling Market Size and construction of new mega data center campuses housing hundreds of thousands of servers. This is propelling the data center cooling market as advanced cooling infrastructure is critical to support this exponential growth. Edge data center deployments are also on the rise to support 5G and IoT prompting local cooling system installations.
Data center operators are increasingly setting up nodes in new geographic regions to cater to global clientele and ensure compliance with local data sovereignty laws. This is resulting in widespread international facility expansion driving worldwide revenue growth of the data center cooling industry. Modern immersion and liquid cooling solutions capable of handling immense thermal loads are being adopted to enable extreme server densities in hyperscale data center builds.
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