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Data Center Cooling Market to be Worth $56.15 Billion by 2030: Grand View Research, Inc.

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Grand View Research, Inc.

14 Jun, 2022, 13:30 GMT

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SAN FRANCISCO, June 14, 2022 /PRNewswire/ -- The global data center cooling market size is expected to reach USD 56.15 billion by 2030, advancing at a CAGR of 17.2% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. An increase in the number of data centers facilities worldwide is favoring the rapid growth in this space. Additionally, a gradual shift towards cloud services is creating demand for eco-friendly cooling technology.

Key Industry Insights & Findings from the report:

  • IT & telecom captured over 45% of the overall revenue share in 2021. 5G penetration and the pandemic that brought about a rapid need for digital transformation among enterprises is the key success factor for the segment's success over the last few years.
  • Raised floor containment, although ranking third among all containment types, is expected to gain traction in the future. The segment is projected to surpass a revenue demand of approximately USD 12.7 billion by 2030.
  • Although the category was popular in earlier days, several factors such as ineffective cooling and costs have driven down the demand over the last few years.
  • The worldwide market for data center cooling is expected to witness substantial growth owing to the need for enhanced cooling techniques to negate the scorching heat due to rising global temperatures.
  • The market is highly consolidated and characterized by stiff competition with the presence of major global players, who are focusing on introducing different data center cooling techniques in order to enhance their market presence.

Get more Insights from 160-pages market research report, "Data Center Cooling Market Size, Share & Trends Analysis Report By Product, By Application, By Containment, By Structure, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Data Center Cooling Market Growth & Trends

The favorable initiatives by governing bodies across the globe aimed at promoting cloud proliferation are driving the demand for data centers, subsequently creating avenues for the datacenter cooling industry. For instance, the United Arab Emirates (UAE) funded several projects related to cloud computing such as Smart Abu Dhabi or Smart Dubai. These projects were aimed at bringing in rapid digital transformation among enterprises while favoring the country's economic growth. Such initiatives and more by different governments globally will impel data center demand globally, thereby proliferating the need for cooling solutions.

The data center expansion is often associated with high CO2 emissions and increased energy usage. Furthermore, the data center cooling solutions are estimated to account for 35% of the total energy consumption in data center facilities. Therefore, vendors in this space are aiming to introduce sustainable cooling solutions while attempting to save over 70% of the cost associated with cooling. For example, Apple's North Carolina data center facility operates on sustainable power sources, and data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off for almost 80% of the time.

Additionally, there is increasing pressure from the local and federal government agencies, environmentalists, and the general public, on organizations to implement green initiatives. Therefore, the rising demand for environment-friendly and cost-effective cooling solutions is expected to propel the growth of the datacenter cooling market. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the market growth.

Data Center Cooling Market Segmentation

Grand View Research has segmented the global data center cooling market based on product, application, containment, structure, and region:

Data Center Cooling Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

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

Data Center Cooling Market - Application Outlook (Revenue, USD Million, 2018 - 2030)

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

Data Center Cooling Market - Containment Outlook (Revenue, USD Million, 2018 - 2030)

  • Raised Floor With Containment
    • Hot Aisle Containment (HAC)
    • Cold Aisle Containment (CAC)
  • Raised Floor Without Containment

Data Center Cooling Market - Structure Outlook (Revenue, USD Million, 2018 - 2030)

  • Rack-based Cooling
  • Row-based Cooling
  • Room-based Cooling

Data Center Cooling Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Nordic Countries
  • Asia Pacific
    • China
    • India
    • Japan
    • South East Asia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

List of Key Companies in the Data Center Cooling Market

  • Asetek
  • Coolcentric
  • Netmagic Solutions
  • Schneider Electric
  • Air Enterprises
  • Fujitsu Limited
  • Climaveneta Climate Technologies (P) Ltd.

 Check out more related studies published by Grand View Research:

  • Data Center Power Market - The global data center power market size is expected to reach USD 15.0 billion by 2030, expanding at a CAGR of 7.9% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers. Rising establishments of such data center facilities are anticipated to result in an increasing demand for data center power equipment during the forecast period. The data center power industry has been significantly impacted by the COVID-19 pandemic. The rapid advancement in the datasets utilized & generated by various companies and individuals has resulted in a rise in data storage demand.
  • Data Center Substation Market - The global data center substation market size is expected to reach USD 14.80 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030, according to a study conducted by Grand View Research, Inc. Data centers are a vital part of the IT infrastructure of the digitized society. New data-intensive technologies and high-speed wireless networks have led to an increased demand for data centers among businesses of all sizes, right from major electricity-intensive industries to limited enterprise computing centers.
  • Data Center Colocation Market - The global data center colocation market size is expected to reach USD 117.82 billion by 2028, recording a CAGR of 13.3% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. Several businesses and cloud service providers are shifting toward colocation or multi-tenant data centers, which is a key factor contributing to the market growth. Colocation is the preferred choice among numerous enterprises as it offers increased cost benefits compared to building and maintaining their own data center facility. Colocation data centers also offer operational flexibility while scaling up infrastructure to accommodate larger data volumes. With the rising costs of land, property, and IT infrastructure, these data centers are a viable option for SMEs due to limited IT spending.

Browse through Grand View Research's Communications Infrastructure Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com   
Web: https://www.grandviewresearch.com    
Grand View Compass | Astra ESG Solutions     
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

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