Data Center Cooling Market size reached USD 10.2 billion in 2021 and is estimated to reach USD 22.3 billion in 2029 and the market is estimated to grow at a very high CAGR of 10.3% from 2022-2029

Introduction of the Global Data Center Cooling Market Report

Data center cooling refers to the practice of separating hot air from cold air. This technology helps in maintaining the environmental conditions suitable for information technology equipment (ITE) operation. Modern data centers use several innovative data center technologies to maintain ideal and efficient operating conditions. The global data center cooling market covers different types of solutions which include air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and other solutions.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors that are responsible for the growth of the global data center cooling market size include the rising demand for cost-effective data center solutions and the increasing importance of eco-friendly data center solutions. Over the past decade, the cooling cost of the data centers consumed a high portion of the total energy used in the data centers. This has encouraged the data center owners to address the challenges by deploying economical and effective cooling solutions, thus surging the need for advanced data center cooling technologies. Various data center cooling systems such as economizers use the outside climatic conditions to cool the data centers which decrease energy and cooling costs. The data center cooling module saves 30% to 60% of the operational cost. Additionally, the implementation of cloud technology, the Internet of Things (IoT), big data has encouraged companies to invest in new centers to maintain business continuity.

The increasing number of data centers around the world is one of the emerging data center cooling market trends that is contributing to the market growth. In 2018, Digital Realty Trust, Inc., an organization providing colocation, data center, and other solutions, announced to build its third center in Toronto, Canada. This new center will capture the growing need of emerging start-ups and large companies who are focusing on digital transformation. Moreover, the strong demand for improved mobility, operational efficiency, security, and bandwidth, will further support the market development. There has been a shift towards digital transformation by use of connected technology and IoT, thus the increasing need for the data center ecosystem to ensure quick deployment, scalability, availability, and security. This is further encouraging the development of innovative systems that are highly cost-effective, software-defined, and highly agile.

The emergence of COVID-19 has adversely impacted every sector, especially in the IT & telecom industry. This has decreased the spending of big companies and service providers on infrastructure development and maintenance, thus hampering the demand for data center solutions and services. However, the market is projected to bounce back in 2021 while growing at a higher rate.

Restraints in the Global Data Center Cooling Market

The data center construction cost is quite high, amounting to around USD 1,000 per square foot to USD 40,000 per rack. Thus, the high cost of setting up and maintaining cooling solutions is expected to hamper the growth of the market over the coming years.

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Solution – Segment Analysis

Based on the solution, the liquid cooling systems is projected to grow at a higher CAGR during the forecast period. The increasing demand for liquid cooling systems owing to the benefits as compared to air cooled systems is driving the demand of the market. These systems provide cooling at decreased energy cost comparatively to air cooling systems and produce less amount of noise level.

Services – Segment Analysis

Based on the services, the installation & deployment services is projected to witness a faster CAGR during the forecast period. The installation & deployment services are increasingly used by small and medium enterprises (SMEs) and large organizations for energy-efficient data center cooling in a cost-effective manner. This service is a one-stop-shop for hassle-free deployment at a minimum downtime.

Type of Cooling – Segment Analysis

Based on the type of cooling, row/rack-based cooling is expected to dominate the market during the forecast period. Various benefits related to row/rack-based cooling, such as reducing the airflow path length in data center, decreasing the power needed for cooling, and increasing the cooling efficiency, is encouraging the end-users to opt for this type of cooling method.

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Regional – Segment Analysis:

On the basis of regional coverage, Asia-Pacific is expected to grow at a higher CAGR during the forecast period. This is mainly attributed to the strong demand for data center cooling owing to the rising public and private sector investment in projects related to banking, telecom, and the government sector. In 2020, the National Payments Corporation of India, announced to launch its own smart data centers in Hyderabad. These data centers will help in building a robust payment and settlement infrastructure in India. This is propelling the growth of the India data center cooling market. Furthermore, the continuous expansion of the IT and digital commerce sector has surged the data traffic in the Asian countries, thus surging the growth of the market. As per the International Trade Administration, the Japanese e-commerce market is increasing at a significant rate amounting to USD 163.5 billion in sales for the year 2018. The average monthly spending expenditure accounted for USD 130 per household, with an average of 22 items being purchased. Thus, the rising spending power is further supporting the regional market growth.

Top Market Players

Some of the leading players operating in the market include Vertiv Group Corp., Black Box Corporation, Asetek, Inc., STULZ GMBH, Coolcentric, Degree Controls Inc., AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Rittal GmbH & Co. KG, Schneider Electric, and Condair Group, among others. 

Key Developments:

• • In 2020, Vertiv Group Corp. introduced VRC-S, a rack integrated with infrastructure support equipment. This new product has rack power distribution unit, monitoring sensors and software, and is available in North America via company’s representatives.
  • In 2020, Asetek, Inc., collaborated with Hewlett Packard Enterprise (HPE) to launch its premium data center liquid cooling solutions in HPE Apollo Systems, which are high-performing and density-optimized.

Segments covered in the Report:

The global data center cooling market has been segmented on the basis of solution, services, type of cooling, data center type, industry, and regions. Based on Solution, the market is segmented into Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, and Others. Based on services, the market is segmented into consulting, installation & deployment, and maintenance & support. Based on the type of cooling, the market is segmented into room-based cooling and row/rack-based cooling. Based on data center type the market is segmented into mid-sized data centers, enterprise data centers, and large data centers. Based on the Industry, the market is segmented into BFSI, IT & Telecom, research & academic, government & defense, retail, energy, manufacturing, healthcare, and others. 

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Key questions answered in this research report:

• • At what pace is the global data center cooling market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global data center cooling market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global data center cooling market?
  • Which solution generated maximum revenues in 2021 and identify the most promising solution during the forecast period?
  • What are the various services areas of the global data center cooling market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 10.2 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Solution, By Services, By Type of Cooling, By Data Center Type, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Vertiv Group Corp., Black Box Corporation, Asetek, Inc., STULZ GMBH, Coolcentric, Degree Controls Inc., AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Rittal GmbH & Co. KG, Schneider Electric, and Condair Group, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Data Center Cooling Market by Solution

• • Air Conditioning
  • Chilling Units
  • Cooling Towers
  • Economizer Systems
  • Liquid Cooling Systems
  • Control Systems
  • Others

Global Data Center Cooling Market by Services

• • Consulting
  • Installation & Deployment
  • Maintenance & Support

Global Data Center Cooling Market by Type of Cooling

• • Room-based cooling
  • Row/Rack-based cooling

Global Data Center Cooling Market by Data Center Type

• • Mid-Sized Data Centers
  • Enterprise Data Centers
  • Large Data Centers

Global Data Center Cooling Market by Industry

• • BFSI
  • IT & Telecom
  • Research & Academic
  • Government & Defense
  • Retail
  • Energy
  • Manufacturing
  • Healthcare
  • Others

Global Data Center Cooling Market by Region

• • North America Data Center Cooling Market (Option 1: As a part of the free 25% customization)
    • North America Data Center Cooling Market by Solution
    • North America Data Center Cooling Market by Services
    • North America Data Center Cooling Market by Type of Cooling
    • North America Data Center Cooling Market by Data Center Type
    • North America Data Center Cooling Market by Industry
    • US Data Center Cooling Market All-Up
    • Canada Data Center Cooling Market All-Up
  • Europe Data Center Cooling Market (Option 2: As a part of the free 25% customization)
    • Europe Data Center Cooling Market by Solution
    • Europe Data Center Cooling Market by Services
    • Europe Data Center Cooling Market by Type of Cooling
    • Europe Data Center Cooling Market by Data Center Type
    • Europe Data Center Cooling Market by Industry
    • UK Data Center Cooling Market All-Up
    • Germany Data Center Cooling Market All-Up
    • France Data Center Cooling Market All-Up
    • Spain Data Center Cooling Market All-Up
    • Rest of Europe Data Center Cooling Market All-Up
  • Asia-Pacific Data Center Cooling Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Data Center Cooling Market by Solution
    • Asia-Pacific Data Center Cooling Market by Services
    • Asia-Pacific Data Center Cooling Market by Type of Cooling
    • Asia-Pacific Data Center Cooling Market by Data Center Type
    • Asia-Pacific Data Center Cooling Market by Industry
    • China Data Center Cooling Market All-Up
    • India Data Center Cooling Market All-Up
    • Japan Data Center Cooling Market All-Up
    • Rest of APAC Data Center Cooling Market All-Up
  • RoW Data Center Cooling Market (Option 4: As a part of the free 25% customization)
    • RoW Data Center Cooling Market by Solution
    • RoW Data Center Cooling Market by Services
    • RoW Data Center Cooling Market by Type of Cooling
    • RoW Data Center Cooling Market by Data Center Type
    • RoW Data Center Cooling Market by Industry
    • Brazil Data Center Cooling Market All-Up
    • South Africa Data Center Cooling Market All-Up
    • Saudi Arabia Data Center Cooling Market All-Up
    • UAE Data Center Cooling Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Data Center Cooling Market All-Up

Major Players Operating in the Global Data Center Cooling (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Vertiv Group Corp.
  • Black Box Corporation
  • Asetek, Inc.
  • STULZ GMBH
  • Coolcentric
  • Degree Controls Inc.
  • AIREDALE INTERNATIONAL AIR CONDITIONING LTD.
  • Rittal GmbH & Co. KG
  • Schneider Electric
  • Condair Group