Future of Global Data Center Cooling Market: Key Dynamics, Size & Share Analysis
The Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is projected to reach USD 26.82 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30. The upward trajectory of the data center cooling industry is driven by a surge in the creation and consumption of data worldwide. The proliferation of bandwidth-heavy applications, cloud computing models, and Internet-of-Things (IoT) devices has led to heightened workloads for data centers, spurring demand for cutting-edge cooling solutions that deliver optimal performance while minimizing energy usage without damaging the environment.
Top Market Challenges Impacting the Autonomous Global Data Center Cooling Market Growth
High Investment Costs of Data Center Cooling Infrastructures Impeding the Market Growth – The installation & maintenance of power and cooling infrastructures in data centers require a significant capital investment. Nowadays, these expenses are escalating to the same level as those associated with IT equipment within data centers. Also, due to the high cost involved, many organizations find it challenging to set up efficient cooling solutions for their data center operations, thereby hindering the growth potential of this sector.
Understanding the Core Segments in the Global Data Center Cooling Market
By Solution (Air Conditioning, Chilling Units, Cooling Towers, Economizer Systems, Liquid Cooling Systems, Control Systems, Others), By Service (Consulting, Installation & Deployment, Maintenance & Support, By Type of Data Center (Mid-sized Data Centers, Enterprise Data Centers, Large Data Centers), By Type of Cooling (Room-based Cooling, Row/Rack Cooling), By Verticals (BFSI, IT & Telecom, Retail, Healthcare, Research & Educational Institutes, Energy, Government & Defense) and others
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Geographical Analysis of the Global Data Center Cooling Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Who Dominates the Autonomous Global Data Center Cooling Market Insights on Key Industry Players?
Companies are strengthening their presence in the Data Center Cooling market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- STULZ Gmbh
- Vertiv Group Corp.
- Modine
- Fujitsu
- Black Box
- Green Revolution Cooling Inc.
- Iceotope Technologies Limited
- Dug Technology
- Asperitas
- Submer
- DCX Liquid Cooling Systems
- Rittal Gmbh & Co. Kg
- Schneider Electric
- Asetek, Inc.
- Nortek Air Solutions, Llc
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