1. What is the projected Compound Annual Growth Rate (CAGR) of the Data Center Cooling Market?
The projected CAGR is approximately 13.5%.
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Data Center Cooling Market by Component (Solution, Service), by Cooling Technique (Rack/row-based, Room-based), by Data Center Size (Small data center, Medium data center, Large data center), by End Use (BFSI, Colocation, Energy, Government, Healthcare, Manufacturing, IT & Telecom, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Spain, Poland, Benelux, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Southeast Asia, Rest of Asia Pacific), by South America (Brazil, Colombia, Argentina, Chile, Rest of South America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Data Center Cooling Market was valued at USD 15.9 Billion in 2024 and is projected to reach USD 38.58 Billion by 2033, with an expected CAGR of 13.5% during the forecast period.Several factors are driving this market's growth. One of the key drivers is the rising data center density, as the adoption of cloud computing, big data analytics, and artificial intelligence (AI) leads to higher heat loads that require efficient cooling solutions. Governments worldwide are also contributing to market growth by implementing regulations aimed at reducing energy consumption and emissions in data centers, driving demand for energy-efficient cooling technologies. Technological advancements such as liquid immersion cooling and AI-based monitoring systems are improving cooling efficiency and reducing operational costs. Additionally, the growing demand for data storage and processing, fueled by the proliferation of connected devices and data-intensive applications, further emphasizes the need for reliable and efficient data center cooling systems to maintain optimal performance.
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North America:
Asia Pacific:
Europe:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 13.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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The projected CAGR is approximately 13.5%.
Key companies in the market include ABB Group, Airedale International Air Conditioning Ltd., EVAPCO Inc., GEA Group Aktiengesellschaft, Hamon Group, Johnson Controls Inc., Nortek Air Solutions, LLC, Rittal GmbH & Co. Kg, Schneider Electric SE, Stulz GmbH, Vertiv Co..
The market segments include Component, Cooling Technique, Data Center Size, End Use.
The market size is estimated to be USD 15.9 Billion as of 2022.
Demand for innovative technologies across various industries. Increase in the demand for energy-efficient and cost-effective data centers in North America. Increasing establishment of hyperscale data centers in Europe. Growing trend for high-performance computing across Europe and Asia Pacific. Rising construction of green data centers in Asia Pacific. Growing investments in the IT & telecom sector in South America and the MEA.
Liquid cooling adoption: Liquid cooling technologies. such as water-based cooling and immersion cooling. are gaining prominence due to their superior heat transfer capabilities and energy efficiency..
Underestimating or overestimating cooling requirements. Need for specialized infrastructure. Phantom leakage.
In January 2024, Modine announced its acquisition of the intellectual property and distinct assets of TMG Core. TMG Core specializes in single- and two-phase liquid immersion cooling technology tailored for data centers with demanding high-density computing needs.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in units.
Yes, the market keyword associated with the report is "Data Center Cooling Market," which aids in identifying and referencing the specific market segment covered.
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