Data Center Cooling Market Size, Share, and Trends 2024 to 2034

Data Center Cooling Market (By Containment: Raised Floor without Containment and Raised Floor with Containment; By Structure: Row-Based Cooling, Rack-Based Cooling, and Room-Based Cooling; By Product: Precision Air Conditioners, Air Conditioners, Air Handling Units, Chillers, and Others; By Application: IT, Telecom, Healthcare, Retail, Energy, BFSI, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2024 - 2034

  • Last Updated : August 2024
  • Report Code : 1140
  • Category : ICT

Data Center Cooling Market Size and Companies

The global data center cooling market size was USD 17.19 billion in 2023, accounted for USD 19.67 billion in 2024, and is expected to reach around USD 75.52 billion by 2034, expanding at a CAGR of 14.4% from 2024 to 2034. The North America data center cooling market size reached USD 8.77 billion in 2023.

Data Center Cooling Market Size 2024 to 2034

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Data Center Cooling Market Key Takeaways

  • North America led the global market with the highest market share of 51% in 2023.
  • By product, the air conditioners segment has captured around 31% of the overall revenue in 2023.
  • The precision air conditioners segment is growing at a CAGR of 18.2% over the forecast period.
  • By containment, the containment segment has captured a sizeable revenue share of around 51% in 2023.
  • The retail segment is poised to grow at a CAGR of 15.3% from 2024 to 2034.
  • The telecom segment is projected to reach at a CAGR of 18.7% from 2024 to 2034.

U.S. Data Center Cooling Market Size and Growth 2024 to 2034

The U.S. data center cooling market size was estimated at USD 6.15 billion in 2023 and is predicted to be worth around USD 27.59 billion by 2034, at a CAGR of 14.6% from 2024 to 2034.

U.S. Data Center Cooling Market Size 2024 to 2034

North America led the global data center cooling market in 2023 and predicted to retain the same trend over the years to come owing to the largest market dedicated for the technology oriented solutions. Further, the region has also witnessed a healthy growth in the global economy, particularly for the development and implementation of new and upcoming technologies. Moreover, with presence of significant companies for example Amazon Inc., Facebook, and Google Inc.contribute positively towards the growth of the region.

Data Center Cooling Market Share, By Region, 2023 (%)

On the other hand, the Asia Pacific anticipated to gain prominence during the upcoming period because of significant growth opportunity for the application of telecom sector. This is mainly due to the significant rise in the number of service providers that offer external IT infrastructure services as well as manage and operate critical business applications and information.

Data Center Cooling Market Growth Factors

Rising need for energy-efficient data centers, significant spending by colocation service and managed service providers, and rising construction of hyperscale data centers are the prime factors expected to propel the market growth. In addition, emergence of big data, cloud technology, and Internet of Things (IoT) has permitted organizations to spend in new data centers to maintain the business continuity. This is the other important factor likely to boost the market size over the upcoming years.

Additionally, increasing demand for security, operational efficiency, improved mobility, and bandwidth anticipated to prosper the industry development. Software-based data centers contribute to the market growth by offering improved automation level. Advent of IoT and connected technology has propelled various businesses to shift towards digital transformation that has again surged the necessity for an advanced data center ecosystem that ensures scalability, quick deployment, security, flexibility, and availability. This shift in business trend is paving way for the advancement and development of innovative solutions that is highly agile, cost-effective, and software-defined. The above mentioned factors projected to impel the market growth over the forthcoming years.

Market Scope

Report Highlights Details
Market Size in 2023 USD 17.19 Billion
Market Size in 2024 USD 19.67 Billion
Market Size by 2034 USD 56.47 Billion
Growth Rate from 2024 to 2034 CAGR of 14.2%
Base Year 2023
Forecast Period 2024 to 2034
Segments Covered Containment, Structure, Product, and Application
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World

 

Product Insights

Air conditioners segment dominated the global data center cooling market and accounted for more than 30% of the market share in 2023 as well as projected to exhibit prominent growth over the upcoming years. Densely packed racks tend to generate huge amounts of heat while storing and analyzing data for effective decision-making. Because of this reason, air conditioners help organizations to maintain a required temperature level along with ensuring the proper functioning of systems.

Additionally, air conditioner is a type of heat exchanger that maintains an adequate level of room temperature in a sensitive IT environment. In the meantime, the precision air conditioners register the fastest growth rate during the analysis period. Technological advancements along with the introduction of energy-efficient units estimated to uplift the demand for precision air conditioners. Moreover, they provide numerous benefits that include a demonstration of better air distribution, precise humidity control, continuous operation, along with automatic control of different AC loads for effective cooling.

Application Insights

Based on application, retail segment is estimated to exhibit a CAGR of more than 13% over the analysis period. The significant growth of the segment is attributed to the extensive application of social media, smartphones, Image Processing Verification Tools (IPVT), and tablet computers that in turn spur the volume of data.

Moreover, the telecom segment occupied the largest value share in 2023 and is anticipated to witness the fastest growth rate over the upcoming years. Rapid expansion of IT & telecom industry across the world is expected to propel the growth of the data center cooling market. Additionally, significant development in the telecommunication infrastructures fuels the need for equivalent storage facilities that are projected to impel the demand for data center cooling solutions.

Data Center Cooling Market Companies

  • Asetek
  • Air Enterprises
  • Climaveneta Climate Technologies (P) Ltd.
  • Fujitsu Limited
  • Coolcentric
  • Hitachi Ltd.
  • Rittal GmbH & Co. KG
  • Netmagic Solutions
  • STULZ GMBH
  • Telx Holdings, Inc. (Digital Realty Trust, Inc.)
  • Schneider Electric
  • Vertiv Co.

Segments Covered in the Report

By Containment

  • Raised Floor without Containment
  • Raised Floor with Containment
    • Cold Aisle Containment (CAC)
    • Hot Aisle Containment (HAC)

By Structure

  • Row-Based Cooling
  • Rack-Based Cooling
  • Room-Based Cooling

By Product

  • Precision Air Conditioners
  • Air Conditioners
  • Air Handling Units
  • Chillers
  • Others

By Application

  • IT
  • Telecom
  • Healthcare
  • Retail
  • Energy
  • BFSI
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

The global data center cooling market is expected to be worth around USD 75.52 billion by 2034.

The global data center cooling market is projected to grow at a CAGR of 14.4% over the forecast period 2024 to 2034.

Air conditioners segment dominated the global market and accounted for more than 30% of market share in 2023 as well as projected to exhibit prominent growth over the upcoming years.

Based on application, the telecom segment occupied the largest value share in 2023 and anticipated to witness the fastest growth rate over the upcoming years.

North America leads the global market and expected to forecast the same trend over the coming years owing to the largest market dedicated for the technology oriented solutions.

The Asia Pacific anticipated to gain prominence during the upcoming period because of significant growth opportunity for the application of telecom sector.

Rising demand for cost-effective and efficient data centers, initiatives towards developing eco-friendly data centersare the key factors likely to augment the market size for data center cooling solutions over the coming years.Furthermore, on-going advancements in technology along with rising penetration of smartphones, internet, tablets, and computers anticipated to spur the amount of data generated per year that requires high processing and analysis of data this in turn triggers the need for data center cooling solutions over the projected timeframe. However, need for higher investment cost, specialized infrastructure, and various cooling challenges while power outages estimated to hinder the market growth over the upcoming years.

Some of the key players operating in the market are Asetek, Air Enterprises, Climaveneta Climate Technologies (P) Ltd., Fujitsu Limited, Coolcentric, Hitachi Ltd., Rittal GmbH & Co. KG, Netmagic Solutions, STULZ GMBH, Telx Holdings, Inc. (Digital Realty Trust, Inc.), Schneider Electric, and Vertiv Co. among others.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Data Center Cooling Market 

5.1. COVID-19 Landscape: Data Center Cooling Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Data Center Cooling Market, By Containment

8.1. Data Center Cooling Market Revenue and Volume Forecast, by Containment, 2024-2033

8.1.1. Raised Floor without Containment

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Raised Floor with Containment

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Data Center Cooling Market, By Structure

9.1. Data Center Cooling Market Revenue and Volume Forecast, by Structure, 2024-2033

9.1.1. Row-Based Cooling

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Rack-Based Cooling

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Room-Based Cooling

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Data Center Cooling Market, By Product 

10.1. Data Center Cooling Market Revenue and Volume Forecast, by Product, 2024-2033

10.1.1. Precision Air Conditioners

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Air Conditioners

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Air Handling Units

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

10.1.4. Chillers

10.1.4.1. Market Revenue and Volume Forecast (2021-2033)

10.1.5. Others

10.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Data Center Cooling Market, By IT 

11.1. Data Center Cooling Market Revenue and Volume Forecast, by Application, 2024-2033

11.1.1. IT

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Telecom

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

11.1.3. Healthcare

11.1.3.1. Market Revenue and Volume Forecast (2021-2033)

11.1.4. Retail

11.1.4.1. Market Revenue and Volume Forecast (2021-2033)

11.1.5. Energy

11.1.5.1. Market Revenue and Volume Forecast (2021-2033)

11.1.6. BFSI

11.1.6.1. Market Revenue and Volume Forecast (2021-2033)

11.1.7. Others

11.1.7.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global Data Center Cooling Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by Application (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Containment (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Structure (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by Application (2021-2033)

Chapter 13. Company Profiles

13.1. Asetek

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Air Enterprises

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Climaveneta Climate Technologies (P) Ltd.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Fujitsu Limited

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Coolcentric

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Hitachi Ltd.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Rittal GmbH & Co. KG

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Netmagic Solutions

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. STULZ GMBH

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Telx Holdings, Inc. (Digital Realty Trust, Inc.)

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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