The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.
Global Data Center Cooling Market Driver:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Data Center Cooling Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Solution
- Air Conditioning- Market Size & Forecast 2019-2030, (USD Million)
- Chilling Units- Market Size & Forecast 2019-2030, (USD Million)
- Cooling Towers- Market Size & Forecast 2019-2030, (USD Million)
- Economizer Systems- Market Size & Forecast 2019-2030, (USD Million)
- Liquid Cooling Systems- Market Size & Forecast 2019-2030, (USD Million)
- Control Systems- Market Size & Forecast 2019-2030, (USD Million)
- Others (Air Handling, Heat Rejection, etc.)- Market Size & Forecast 2019-2030, (USD Million)
- By Service
- Consulting- Market Size & Forecast 2019-2030, (USD Million)
- Installation & Deployment- Market Size & Forecast 2019-2030, (USD Million)
- Maintenance & Support- Market Size & Forecast 2019-2030, (USD Million)
- By Type of Data Center
- Mid-sized Data Centers- Market Size & Forecast 2019-2030, (USD Million)
- Enterprise Data Centers- Market Size & Forecast 2019-2030, (USD Million)
- Large Data Centers- Market Size & Forecast 2019-2030, (USD Million)
- By Type of Cooling
- Room-based Cooling- Market Size & Forecast 2019-2030, (USD Million)
- Row/Rack Cooling- Market Size & Forecast 2019-2030, (USD Million)
- By Verticals
- BFSI- Market Size & Forecast 2019-2030, (USD Million)
- IT & Telecom- Market Size & Forecast 2019-2030, (USD Million)
- Retail- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Research & Educational Institutes- Market Size & Forecast 2019-2030, (USD Million)
- Energy- Market Size & Forecast 2019-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Modine, STULZ Gmbh, Vertiv Group Corp., Fujitsu, Black Box, Green Revolution Cooling Inc., Submer, Asperitas, Iceotope Technologies Limited, Dug Technology, DCX Liquid Cooling Systems, Rittal Gmbh & Co. Kg,, Schneider Electric, Asetek, Inc., Nortek Air Solutions, Llc, Others,
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