The global data center cooling market was valued at $18.7 billion in 2023 and is projected to reach $80.1 billion by 2033, growing at a CAGR of 15.7% from 2024 to 2033. The data center cooling market plays an essential role in the efficient operation and sustainability of modern data centers. As data centers house critical IT infrastructure such as servers, storage devices, and networking hardware - managing the heat produced by these systems is essential to prevent equipment failure and ensure optimal performance. The increasing density of computing and higher power consumption associated with emerging technologies like artificial intelligence (AI), machine learning (ML), and big data analytics have significantly intensified the need for advanced cooling solutions. Traditional air-cooling methods are being replaced or complemented by more efficient, cutting-edge techniques to address the challenges posed by high-density server configurations.
Rise in data center demand, rise in high-performance computing, including AI, machine learning, and big data analytics, and rise in adoption of hyperscale and edge data centers are the factors expected to propel the growth of the global data center cooling market. Moreover, growth in need of renewable energy integration, rapid urbanization, and increase in IT adoption are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high implementation cost and cooling challenges during power outage hamper the growth of the data center cooling market.
In October 2024, Schneider Electric acquired an initial 75% controlling interest in Motivair for $850 million with the deal designed to strengthen its energy management solutions. The deal strengthens Schneider's offering of direct-to-chip liquid cooling and high-capacity thermal systems. The increasing use of generative-AI and large language models such as Chat-GPT calls for more efficient cooling solutions in data centers, particularly liquid cooling as traditional air cooling cannot disperse the greater heat, the company added.
Rise in data center demand, rise in high-performance computing, including AI, machine learning, and big data analytics, and rise in adoption of hyperscale and edge data centers are the factors expected to propel the growth of the global data center cooling market. Moreover, growth in need of renewable energy integration, rapid urbanization, and increase in IT adoption are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high implementation cost and cooling challenges during power outage hamper the growth of the data center cooling market.
In October 2024, Schneider Electric acquired an initial 75% controlling interest in Motivair for $850 million with the deal designed to strengthen its energy management solutions. The deal strengthens Schneider's offering of direct-to-chip liquid cooling and high-capacity thermal systems. The increasing use of generative-AI and large language models such as Chat-GPT calls for more efficient cooling solutions in data centers, particularly liquid cooling as traditional air cooling cannot disperse the greater heat, the company added.
Segment Review
The data center cooling market is segmented on the basis of component, cooling type, industry vertical, and region. In terms of component, the market is bifurcated into solution and service. By cooling type, it is classified into room-based cooling, rack-based cooling, and row-based cooling. In terms of industry vertical, it is classified into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.Key Takeaways:
- By component, the solution segment accounted for the largest data center cooling market share in 2023.
- By cooling type, the room-based cooling segment accounted for the largest data center cooling market share in 2023.
- By industry vertical, the manufacturing segment accounted for the largest data center cooling market share in 2023.
- Region wise, North America generated the highest revenue in 2023.
- Competitive analysis and profiles of the major players in the data center cooling market are Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Airedale International Air Conditioning Ltd; Hitachi, Ltd.; Rittal GmbH & Co. Kg; Fujitsu Ltd.; Stulz GmbH; Vertiv; and Asetek. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help drive the growth of the data center cooling market globally.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data center cooling market analysis from 2023 to 2033 to identify the prevailing data center cooling market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the data center cooling market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global data center cooling market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Component
- Solution
- Services
By Industry Vertical
- IT and Telecom
- Manufacturing
- BFSI
- Media and Entertainment
- Government and Defense
- Healthcare
- Energy
- Others
By Cooling Type
- Rack-Based Cooling
- Row-Based Cooling
- Room-Based Cooling
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ASETEK
- RITTAL GmbH & Co. KG
- Airedale International Air Conditioning Ltd.
- Schneider Electric SE
- Black Box Corporation
- Nortek Air Solutions, LLC
- Hitachi, Ltd.
- Fujitsu Ltd
- Stulz GmbH
- Vertiv
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DATA CENTER COOLING MARKET, BY COMPONENT
CHAPTER 5: DATA CENTER COOLING MARKET, BY COOLING TYPE
CHAPTER 6: DATA CENTER COOLING MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: DATA CENTER COOLING MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- ASETEK
- RITTAL GmbH & Co. KG
- Airedale International Air Conditioning Ltd.
- Schneider Electric SE
- Black Box Corporation
- Nortek Air Solutions, LLC
- Hitachi, Ltd.
- Fujitsu Ltd
- Stulz GmbH
- Vertiv
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | January 2025 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 18.7 billion |
| Forecasted Market Value ( USD | $ 80.1 billion |
| Compound Annual Growth Rate | 15.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
