The South Korean data center rack market reached a value of USD 350.4 million in the previous year, and it is further projected to register a CAGR of 8.4% during the forecast period. '
The South Korean Data Center Cooling Market exhibits a moderate level of competitiveness but has gained a significant competitive edge in recent years. Currently, a select few major players, including Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Rittal GmbH & Co. KG, and Iceotope Technologies Limited, prominently dominate this market in terms of market share.
In March 2023, STULZ, a renowned mission-critical air conditioning company based in Hamburg, announced a noteworthy development. Certain units within its industry-leading CyberAir 3PRO DX series are now equipped to utilize the environmentally friendly refrigerant R513A, known for its low global warming potential (GWP). This breakthrough underscores the company's unwavering commitment to delivering the most sustainable air conditioning solutions for data centers. Furthermore, STULZ has extended its commitment to sustainability by incorporating the R513A refrigerant into additional products within its portfolio, further promoting eco-friendly practices in the industry.
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