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Data Center Cooling: A $107 Billion Market by 2034, Says BIS Research!

The Data Center Cooling Market provides an overview of market trends, analyses, segments, forecasts, and business strategies. The report spans 241 pages and includes 109 tables and 61 figures to support its analysis and projections.
Published 27 September 2024

The global data center cooling market is set for explosive growth, projected to reach $107.13 billion by 2034, up from $21.50 billion in 2023, driven by the surge in data centers and increasing emphasis on energy efficiency. As data-intensive applications like AI, big data, and cloud computing expand, efficient cooling solutions become essential to prevent equipment failure and minimize operational costs. The market offers a variety of cooling methods, from traditional air-based systems to advanced liquid cooling technologies such as direct-to-chip and immersion cooling, which are gaining popularity for their superior heat management and sustainability benefits. 

North America leads the global market, driven by its vast commercial and industrial data center landscape, with Asia-Pacific and Europe following closely. Innovations like AI-driven cooling optimization and eco-friendly systems are shaping the industry's future as businesses seek to reduce their carbon footprints and enhance performance. Government initiatives promoting energy-efficient data centers and the growing need to address water scarcity are further accelerating the adoption of advanced cooling technologies. As companies invest in new solutions to meet the rising demand, the data center cooling market is poised to transform the landscape of sustainable data management globally. 

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Data Center Cooling Market Analysis: Drivers, Challenges, and Opportunities 

Following are the drivers for the Data Center Cooling Market: 

  • Rising Data Generation Across Industries  
  • Growing Use of Streaming and Remote Work Technologies 
  • Increased Data Center Capacity and Power Absorption 

Following are the Limitations of Data Center Cooling Market: 

  • Infrastructure Limitations in Edge Data Centers 
  • Rising Operational Costs in Urban Areas 
  • High Energy Consumption for Cooling Systems 

Following are the Opportunities of Data Center Cooling Market: 

  • Upgrading Aging Hardware and Infrastructure 
  • Integration of Advanced Technologies 
  • Increasing Demand for Retrofitting to Enhance Efficiency 


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Data Center Cooling Market Segments:  

Segmentation 1: End-Use Industry 

•    IT and Telecom 

•    Healthcare 

•    Retail 

•    Banking, Financial Services, and Insurance 

•    Government and Public Sector 

•    Manufacturing  

•    Others 

Segmentation 2: by Data Center Type 

•    Centralized Data Center 

     o    Hyperscale 

     o    Colocation 

     o    Enterprise 

•    Edge Data Centers 

Segmentation 3: by Solution 

•    Air Cooling 

     o    Air Conditioner 

     o    Air Handling Unit 

     o    Chiller 

     o    Cooling Tower 

     o    Economizer System 

     o    Others 

•    Liquid Cooling 

     o    Direct 

     o    Indirect 

•    Free Cooling 

Segmentation 4: by Rack Density 

•    Low Rack Density (1-4 kW) 

•    Medium Rack Density (5-9 kW) 

•    High Rack Density (Above 9 kW) 

Segmentation 5: by Region 

•    North America 

•    Europe 

•    Asia-Pacific 

•    Rest-of-the-World 

The global data center cooling market is on a dynamic growth trajectory, fueled by the rise of data-intensive applications, increased energy efficiency mandates, and innovations in cooling technologies. From advanced liquid cooling solutions to AI-driven optimization, businesses are embracing cutting-edge systems to meet performance and sustainability goals. With key players like Vertiv Group Corp., Schneider Electric, and Asetek driving innovation, the market is set to revolutionize how data centers operate globally. As demand continues to rise, investing in efficient and eco-friendly cooling technologies will be crucial for staying ahead in the evolving digital landscape. 

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Key Players in Data Center Cooling Market 

• Vertiv Group Corp. 

• Schneider Electric 

• Asetek, Inc. 

• Submer 

• Munters 

• ZutaCore, Inc. 

• Coolcentric 

• Midas Immersion Cooling 

• Motivair Corporation 

• PEZY Computing, Inc. 

• ALFA LAVAL 

• Condair Group 

• Fujitsu 

• Danfoss 

• MODINE MANUFACTURING COMPANY 

• Boyd 

• Johnson Controls International plc. 

• Carrier 


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About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   


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