Data Center Cooling Market in Europe 2023

Data Center Cooling Market in Europe 2023

Data center cooling refers to the process of managing and maintaining a suitable temperature and humidity level in a data center to ensure the optimal performance and longevity of the IT equipment housed within. Cooling is a critical aspect of data center operations, as overheating can cause equipment failure, downtime, and even data loss. The data center cooling market in Europe is projected to rise by USD 1.2 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 8.6 percent during the forecast period. This growth is being driven by a number of factors, including the increasing adoption of cloud computing, the rise of big data, and the growing demand for data centers in emerging economies. Cloud computing has become a popular solution for businesses seeking to store and process large amounts of data. As more companies move their operations to the cloud, the demand for data center cooling solutions is expected to increase. Additionally, the rise of big data has created a need for more powerful and efficient computing systems, which in turn requires more advanced cooling solutions.

This industry report offers market estimates of the Europe market, followed by a detailed analysis of the cooling type, end user, and country. The Europe market data on data center cooling can be segmented by cooling type: advanced solutions, airside components and chillers, computer room air conditioners/handlers, high-density cooling. The computer room air conditioners/handlers segment captured the largest share of the market in 2022. Data center cooling market is further segmented by end user: financial, healthcare, institutional, IT, telecommunications, others. The IT segment held the largest share of the Europe data center cooling market in 2022 and is anticipated to hold its share during the forecast period. Based on country, the data center cooling market is segmented into: Germany, UK, France, Italy, Spain, Ireland, Nordics, Rest of Europe.

The Europe data center cooling market is highly competitive. The report also includes the profiles of leading companies such as Carrier Global Corporation, Daikin Industries Ltd., Johnson Controls International PLC, Mitsubishi Electric Corporation, Munters AB, Nortek Holdings Inc, Rittal GmbH & Co. KG, Schneider Electric SE, STULZ GmbH, Trane Technologies Inc., Vertiv Holdings Co.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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