Data Center Cooling Market Outlook 2030: Leading Companies & Share Insights

Future Data Center Cooling Market: Key Dynamics, Size & Share Analysis

The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is projected to reach USD 26.82 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.

Top Driver Impacting the Data Center Cooling Market Growth

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.

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Understanding the Core Segments in the Data Center Cooling Market

Data Center Cooling Market Size, Share & Industry Trends Analysis - By Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, Others), By Service (Consulting, Installation & Deployment, Maintenance & Support, 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), By Verticals (BFSI, IT & Telecom, Retail, Healthcare, Research & Educational Institutes, Energy, Government & Defense) and others

Geographical Analysis of the Data Center Cooling Market

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The largest share in the Data Center Cooling Market is held by Asia-Pacific, which exhibits clear dominance. The region's digitalization of business processes has shown tremendous growth owing to its ability to increase productivity and decrease errors caused typically through manual intervention.

Who Dominates the Data Center Cooling Market Insights on Key Industry Players?

Companies are strengthening their presence in the Data Center Cooling market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

STULZ Gmbh
Vertiv Group Corp.
Modine
Fujitsu
Black Box
Green Revolution Cooling Inc.
Iceotope Technologies Limited
Dug Technology
Asperitas
Submer
DCX Liquid Cooling Systems
Rittal Gmbh & Co. Kg
Schneider Electric
Asetek, Inc.
Nortek Air Solutions, Llc
Others

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