Data Center Cooling Market Surpasses USD 12.35 Billion Worth in 2023, and Till 2030 Projected to Achieve Remarkable 13.8% CAGR Growth | Black Box, Green Revolution Cooling Inc

The Global Data Center Cooling Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

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Global Data Center Cooling Market Key Points and Findings (2024-2030)

Data Center Cooling Market Overview: -

The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and 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.

Regional Analysis:

• North America
• Europe
• Asia Pacific
• Middle East/Africa
• South America

Among them, the Asia-Pacific experienced considerable growth in the Global Data Center Cooling Market.

Top 10 Industry Competitors: Data Center Cooling Market

• 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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Market Segmentation:

By Solution

 > Air Conditioning

 > Chilling Units

 > Cooling Towers

 > Economizer Systems

 > Liquid Cooling Systems

 > Control Systems

 > Others (Air Handling, Heat Rejection, etc.)

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

 > Others

Data Center Cooling Market Dynamics:

Key Factor Driving Market–

Rising Numbers of Data Center Deployments Boosting the Market Expansion – There has been a notable surge in the number of data center deployments owing to the increasing demand for additional storage to store large volumes of data that have been generated regularly. Also, due to the proliferation of data centers, there has been a surge in energy usage and subsequent heat production. For instance:

• According to the International Energy Agency, in 2023, Data centers accounted for up to 1.5% of global electricity consumption and are responsible for 1% of energy-related greenhouse gas emissions.

As the Data Center Cooling Market evolves, energy inefficiencies arising from traditional cooling systems are becoming a significant concern. With data centers consuming vast amounts of energy, there's a growing demand for innovative, low-power cooling solutions to maintain optimal temperatures for IT equipment. This pressing need is driving the development of efficient cooling technologies within the industry.

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Frequently Asking Questions (FAQ’s):

• Which companies lead the Global Data Center Cooling Market? 
• How will current trends shape the market in the coming years? 
• What opportunities, challenges, and driving forces characterize the Data Center Cooling Industry? 
• Which specific Data Center Cooling market segments should industry competitor target to capitalize on recent technological advancements? 
• What is the projected growth rate of the global Data Center Cooling market?

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