Data Center Cooling Industry Overview
The global data center cooling market size was valued at USD 13.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 17.2% from 2022 to 2030.
The growing demand for energy-efficient data centers along with planned future investments are expected to create avenues for future growth. Several managed, as well as cloud services providers in the industry, are planning future expansion plans to meet the growing demand. Furthermore, the hyperscale data center industry is also gaining traction.
The proliferation of cloud services, growing prominence of big data, and increase penetration of connected devices are encouraging organizations to increase their investments in building new data center facilities. All these factors are projected to favor the data center cooling demand over the next eight years. As such, the demand for cooling solutions is directly proportional to an increase in the number of data center facilities globally.
Gather more insights about the market drivers, restrains and growth of the Global Data Center Cooling Market
As of 2021, China was the largest data center market in Asia Pacific, experiencing double-digit growth over the last few years. Data centers are the heart of China’s IT industry growth. As such the Chinese market for data center cooling is expected to witness favorable growth during the forecast years.
Increasing IT infrastructure spending, and more so as a result of the pandemic, is creating avenues for expansion of existing as well as new data center facilities globally. As such, software-based data centers are also contributing to the market growth by providing an improved level of automation. A shift towards digital transformation amidst the pandemic has further instigated the need for building data center facilities that offer scalability, security, and flexibility. Therefore, as investments in new datacenter facilities witness an uptick, the demand for the datacenter cooling market is also expected to witness a favorable progress.
Datacenters are a hotspot of all critical IT infrastructure across several verticals, including manufacturing, BFSI, retail, healthcare, etc. The need to manage huge volumes of data while offering networking capabilities is the key reason driving datacenter investments in these verticals. However, datacenters dissipate high amount of heat and hence require cooling solutions to keep the system working without any outages. Therefore, datacenter cooling solutions are of paramount importance to any data center facility.
Browse through Grand View Research’s Communications Infrastructure Industry Research Reports.
- Edge Data Center Market – The global edge data center market size was valued at USD 8.27 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 17.9% from 2022 to 2030.
- Network Automation Market – The global network automation market size was valued at USD 2.58 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.9% from 2022 to 2030.
Market Share Insights
- June 2018: Microsoft announced that an eco-friendly data center has been lowered into the sea waters near Orkney Island, Scotland, as part of Phase 2 of Project Natick, which envisages checking the feasibility of having data centers on the seabed.
Key Companies profiled:
Some prominent players in the global data center cooling market include
- Asetek
- Coolcentric
- Netmagic Solutions
- Schneider Electric
- Air Enterprises
- Fujitsu Limited
- Climaveneta Climate Technologies (P) Ltd.
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