According to our latest study on "Data Center Cooling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Component, Cooling Type, Data Center Type, and Industry Vertical," the data center cooling market size was valued at US$ 13.29 billion in 2023 and is expected to reach US$ 45.70 billion by 2031; it is estimated to record a CAGR of 16.7% from 2023 to 2031.
The data center cooling market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively. The Europe data center cooling market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, UK dominated the data center cooling market share. Mercury Engineering has played a significant role in the development of data center facilities in the UK, including notable projects such as Equinix's LD10 Data Center in London. In October 2023, CGG announced the inauguration of its latest UK HPC (High-Performance Computing) Hub in Southeast England. With an initial capacity of 100 petaflops, this establishment contributes to CGG's global aggregate, which now stands at an industry-leading 500 petaflops. The UK HPC Hub capitalizes on CGG's extensive experience and advancements in efficient, industrial HPC design and operations tailored to the energy sector. This cutting-edge facility boasts a highly optimized environment, incorporating CGG's exclusive immersion cooling infrastructure. Furthermore, the hub is entirely powered by renewable energy sources, underscoring the company's steadfast commitment to meeting the escalating demands of sophisticated scientific and AI applications sustainably. Such instances highlight the active involvement of industry players in expanding the country's data center cooling market.
The data center cooling market in Germany is growing steadily, driven by increasing data processing demands and technological advancements. Major market players are investing in acquisitions and expanding their data center capacity to meet the growing demand. In January 2023, CyrusOne acquired an office complex in Frankfurt, Germany, with plans to convert it into a data center campus. The office complex was sold by the investment group Corum for US$ 102.3 million (EUR 95 million). Additionally, the introduction of legislation in Germany highlights the country's commitment to regulate and optimize data center operations. Germany is the first country in Europe to introduce serious legislation relating to data centers. This regulation aims to address various aspects of data center operations, including energy efficiency, environmental impact, and security.
In January 2024, NorthC, a prominent player in the data center industry, announced its plans to develop a state-of-the-art data center facility in Frankfurt, Germany. This will mark the company's first venture into the German market. With a planned capacity of 5 MW, the new facility in Frankfurt will cater to the increasing demand for data center services in the country, which is expected to boost the demand for data center cooling systems in Germany during the forecast period.
Key Findings of Data Center Cooling Market Study:
The data center cooling market is segmented into component, cooling type, data center type, and industry vertical. In terms of component, the market is segmented into chillers, air conditioning systems, heat exchangers, cooling towers, air handling units, humidifiers, and others. By cooling type, the market is categorized into room-based cooling, rack-based cooling, and row-based cooling. Based on data center type, the data center cooling market is segmented into enterprise data center, colocation data center, wholesale data center, and hyperscale data center. In terms of industry vertical, the market is categorized into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. By geography, the data center cooling market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
In terms of component, the market is segmented into chillers, air conditioning systems, heat exchangers, cooling towers, air handling units, humidifiers, and others. The air conditioning system segment held the largest data center cooling market share. Data center air conditioning involves a series of techniques that maintain appropriate temperatures in the server room. Air conditioning systems create a cyclic process of cooling air by refrigeration method. It is critical to regulate the temperature and humidity levels within the data center using a temperature control-cooled computer room air conditioning and system to ensure the safety and security of the information stored on servers. These systems ensure data center meets all safety regulations. Various players worldwide are presenting packages of air conditioning systems. For example, in May 2024, Carrier Germany presented its complete range of devices and services for the sustainable and efficient air conditioning of data centers in hall 8, stand C030. The portfolio enables customized solutions from a single source and takes into account the special requirements for the security and flexibility of the systems. Such developments are driving the air conditioning systems segment.
Asetek, Inc, Fujitsu Ltd, Mitsubishi Corp, Rittal GmbH & Co KG, Schneider Electric SE, Stulz SpA, Trane Technologies Plc, Vertiv Group Corp., Black Box Corporation, Carrier Global Corp, Aspen Systems, LLC., Daikin Industries Ltd, Delta Electronics Inc, Danfoss AS, Alfa Laval AB, Hewlett Packard Enterprise Development LP, Boyd Corp, Evapco Inc, Motivair Corporation, and Madison Industries are among the key players profiled in the data center cooling market report. Several other major players were studied and analyzed during the data center cooling market analysis to get a holistic view of the market and its ecosystem. The data center cooling market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current data center cooling market trends and their foreseeable impact during the forecast period.
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