The Europe Data Center Cooling Market size is estimated at USD 7.5 billion in 2024, and is expected to reach USD 16.10 billion by 2029, growing at a CAGR of 16.5% during the forecast period (2024-2029).
The growing adoption of cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data center cooling in the region.
The European data center cooling market is fragmented as the benefits offered by the technology and support from the government by imposing efficiency regulations on data centers are expected to help the growth of the data center cooling market. Some major market players are IBM Corporation, Fujitsu Ltd, Hitachi Ltd, Hewlett-Packard Enterprise, and Schneider Electric SE. Market penetration is growing with a strong presence of major players in established markets. With the increasing focus on innovation, the demand for new technologies is growing, which, in turn, is driving investments for further developments.
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