According to the latest report by IMARC Group, titled “Data Center Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global data center cooling market reached a value of US$ 11.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 14.4% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Data center cooling refers to a system of techniques, tools, equipment, and processes that help maintain environmental conditions necessary for the proper and smooth functioning of information technology (IT) equipment. It also assists in minimizing the heat dissipation of equipment by transferring the excess heat into the external atmosphere. It improves the overall efficiency and performance of the system by optimizing the airflow path and reducing downtime caused due to overheating. It is currently widely adopted by data center operators as it is environment-friendly, cost-effective, and energy-efficient.
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Market Trends:
Increasing construction of data centers worldwide to store massive amounts of data is one of the key factors creating a positive outlook for the market. Apart from this, the rising demand for high computing performance, artificial intelligence (AI), internet of things (IoT), cloud-based services, and other digital technologies is contributing to the market growth. Moreover, governing agencies of various countries are implementing environmental regulations to eliminate hazardous gas emissions and improve the overall power consumption efficiency of data center operations, which is anticipated to drive the market.
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List of Key Companies Covered in this Market Report:
- Airedale International Air Conditioning
- Asetek
- Black Box Corporation
- Climaveneta Climate Technologies
- Coolcentric
- Emerson Electric
- Fujitsu, Hitachi, Netmagic
- Nortek Air Solutions
- Rittal
- Schneider Electric,
- STULZ GmbH
- Vertiv
Breakup by Solution:
- Air Conditioning
- Chilling Units
- Cooling Towers
- Economizer Systems
- Liquid Cooling Systems
- Control Systems
- Others
Breakup by Services:
- Consulting
- Installation and Deployment
- Maintenance and Support
Breakup by Type of Cooling:
- Room-Based Cooling
- Row-Based Cooling
- Rack-Based Cooling
Breakup by Cooling Technology:
- Liquid-Based Cooling
- Air-Based Cooling
Breakup by Type of Data Center:
- Mid-Sized Data Centers
- Enterprise Data Centers
- Large Data Centers
Breakup by Vertical:
- BFSI
- IT and Telecom
- Research and Education Institutions
- Government and Defense
- Retail
- Energy
- Healthcare
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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