Global Data Center Cooling Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Data Center Cooling Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Data center operators use cooling solutions to maintain temperature in data centers within a permissible limit. Data centers are required to work efficiently 24/7 to process huge chunks of data. In data processing, the equipment dissipates heat energy, which generates the need for cooling to prevent the equipment from damage due to overheating.

Market Overview:

The latest research study on the global Data Center Cooling Solutions market finds that the global Data Center Cooling Solutions market reached a value of USD 3976.31 million in 2022. It’s expected that the market will achieve USD 6692.0 million by 2028, exhibiting a CAGR of 9.06% during the forecast period.

Liquid cooling solutions segment expected to grow at the highest CAGR

Liquid cooling solutions segment expected to witness the highest CAGR during the period 2019 to 2024. Liquid cooling solutions make use of advanced engineered coolants that reduce the overall carbon footprint making them a more environment-friendly solution. Moreover, they provide efficient cooling for high power and server density data centers. These benefits are driving the market and are anticipated to help in propelling the data center cooling market to grow at the highest CAGR during the forecast period.

IT & telecom segment has a large market share

The IT & telecom segment dominates the data center cooling market, due to the rising digitalization and penetration of technologies such as big data and cloud in this industry. These technologies pose an increasing demand for data storage and availability. Enterprises are demanding better data storage, connectivity and IT facilities to cater the demands efficiently. Moreover, the proliferation of smart devices and consumer demand to safeguard information property and financial assets is anticipated to drive the demand for cooling equipment. IT industries are actively adopting data center market solutions due to their high efficiency and cost-effectiveness benefits.

Power outage is a key restraint to the market

Power outages are critical in data centers as data centers are required to work efficiently 24/7. Power outage shuts down the cooling systems, which results in shutdown of data center to prevent equipment from any damage. This shutdown results in reduced overall performance and financial risk to the business. It also results in damage to equipment and affects their lifecycle. Therefore, power outage is a key restraint that impedes the growth of the data center cooling market.

Region Overview:

In 2022, the share of the Data Center Cooling Solutions market in North America stood at 36.84%.

Company Overview:

Vertiv Group Corp is one of the major players operating in the Data Center Cooling Solutions market, holding a share of 18.19% in 2023.

Vertiv Group Corp

With a history of industry-changing solutions and a well-earned reputation for innovation, Vertiv and its partners continue to raise the bar in the areas of power, cooling, access and control, monitoring, and manageability.

STULZ GmbH

STULZ GmbH manufactures chillers. The Company produces air conditioning systems for individuals, businesses, and industries. STULZ serves customers worldwide.

Segmentation Overview:

Among different product types, Air-based cooling segment is anticipated to contribute the largest market share in 2028.

Air-based cooling

Air-based cooling is the “Cold Aisle/Hot Aisle” system. This idea is fairly simple and focuses on separating the cold air from the hot air. The way this is done is by facing the cold sides of the server cabinets away from the hot sides. This produces a cooling convection system where the server cabinets can cool themselves.

Liquid-based cooling

Liquid Cooled Technology is the reduction of heat through exploiting the properties of liquids, the most common method of liquid cooling is liquid immersion cooling: cooling by submersion in liquid that is thermally conductive.

Application Overview:

The market's largest segment by application is the segment IT & Telecom, with a market share of 32.46% in 2022.

Key Companies in the global Data Center Cooling Solutions market covered in Chapter 3:

Schneider Electric
Nortek
Modine Manufacturing Company
Friedhelm Loh Group
Vertiv Group Corp
Mitsubishi Electric Corporation
Trane
AERMEC SPA
STULZ GmbH
Swegon
Tripp-Lite
Eaton Corporation
Conteg
Wakefield Thermal Solutions, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Center Cooling Solutions market from 2018 to 2029 is primarily split into:

Air-based cooling
Liquid-based cooling

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Center Cooling Solutions market from 2018 to 2029 covers:

BFSI
Manufacturing
IT & Telecom
Healthcare
Government & Defense
Retail
Energy
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)