The Philippines data center rack market reached a value of USD 178.6 million in the previous year, and it is further projected to register a CAGR of 14.9% during the forecast period.
The Philippines data center cooling market is moderately competitive, having gained a significant competitive edge in recent years. Currently, a handful of major players, including Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Rittal GmbH & Co. KG, and Mitsubishi Electric Hydronics & IT Cooling Systems SpA, dominate the market in terms of market share.
In March 2023, STULZ, a Hamburg-based company specializing in mission-critical air conditioning solutions, made a groundbreaking announcement regarding its industry-leading CyberAir 3PRO DX series. The company has introduced the use of the low global warming potential (GWP) refrigerant R513A in select units of this series, marking a significant milestone in its ongoing commitment to delivering environmentally sustainable air conditioning solutions for data centers. Furthermore, STULZ has embarked on a broader product transition initiative aimed at expanding the incorporation of R513A refrigerant across its entire product portfolio. This initiative underscores the company's dedication to providing eco-friendly cooling solutions for the data center industry.
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