By GlobeNewswire – Press Releases
Lewes, Delaware, June 26, 2024 (GLOBE NEWSWIRE) — The Global Data Center Cooling Market is projected to grow at a CAGR of 13.8% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 13.5 Billion in 2024 and is expected to reach USD 30.2 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Data Center Cooling Market”
202 – Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Schneider Electric SE, Vertiv Group Corp., Airedale International Air Conditioning Ltd., Rittal GmbH & Co. KG, STULZ GmbH, Climaveneta (Mitsubishi Electric Corporation), Asetek, Inc. |
| SEGMENTS COVERED | By Cooling Solutions, By Cooling Systems, By End-User, By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Data Center Cooling Market Overview
Increasing Data Center Investments: The data center cooling market is being driven by significant investments in data centers to accommodate the increasing demand for data processing. The demand for sophisticated cooling solutions is increasing as companies increase the capacity of their data centers to ensure optimal performance and reliability.
Surge in Demand for Cloud Services: The data center cooling market is able to capitalize on the increased demand for efficient cooling systems as businesses transition to cloud-based operations. This transition is indispensable for data center operations, as it guarantees minimal delay and improves energy efficiency.
Advancements in Cooling Technologies: The data center cooling market is significantly influenced by advancements in cooling technologies, including AI-driven cooling systems and liquid cooling. These developments are appealing to data center operators due to their superior performance, reduced energy consumption, and lower operational costs.
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High Initial Costs: The data center cooling market is confronted with obstacles as a result of the substantial initial investment necessary for sophisticated cooling systems. Small and medium-sized enterprises may be discouraged from adopting new technologies and expanding their market penetration due to these expenses.
Maintenance Challenges: The data center cooling market is hindered by the complexity and expense of maintaining sophisticated cooling systems. Companies may be discouraged from upgrading their cooling infrastructure due to the potential for outages and frequent maintenance requirements, which can have a negative impact on operational efficiency.
Complex Integration with Existing Infrastructure: Creating a barrier in the data center cooling market, the integration of novel cooling solutions with existing data center infrastructure can be a major challenge. Compatibility issues, potential disruptions, and the necessity of extensive modifications can impede the adoption of innovative cooling technologies.
Geographic Dominance:
The data center cooling market is dominated by North America as a result of its significant investments in IT and cloud services, high concentration of data centers, and advanced technological infrastructure. The implementation of advanced cooling solutions is also influenced by the region’s stringent energy efficiency regulations. Furthermore, the market’s dominant position in North America is influenced by the presence of significant technology companies and the ongoing advancements in cooling technologies, which serve as benchmarks for global standards.
Data Center Cooling Market Key Players Shaping the Future
Major players, including Schneider Electric SE, Vertiv Group Corp., Airedale International Air Conditioning Ltd., Rittal GmbH & Co. KG, STULZ GmbH, Climaveneta (Mitsubishi Electric Corporation), Asetek, Inc. and more, play a pivotal role in shaping the future of the Data Center Cooling Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
Data Center Cooling Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Data Center Cooling Market into Cooling Solutions, Cooling Systems, End-User, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Data Center Cooling Market, please Contact Verified Market Research®.
- Data Center Cooling Market, by Cooling Solutions
- Precision Air Conditioning (PAC)
- Chilled Water Systems
- Direct Expansion (DX) Cooling
- Evaporative Cooling
- Free Cooling
- Data Center Cooling Market, by Cooling Systems
- Room-Based Cooling Systems
- Rack-Based Cooling Systems
- Row-Based Cooling Systems
- Data Center Cooling Market, by End-User
- Enterprise Data Centers
- Colocation Data Centers
- Hyperscale Data Centers
- Data Center Cooling Market, by Geography
- North America
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Source: GlobeNewswire – Press Releases