The data center cooling market is projected to reach USD 15.7 billion by 2025, at a CAGR of 10.7%. The major reasons for the growth of the data center cooling market include improving efficiency in data centers, rising spending on data centers, and significant growth in number of data centers and their power density. Furthermore, factors like increasing demand for cost-effective data center solutions, and the rising significance of eco-friendly data center solutions are also responsible for driving the demand for data center cooling market.
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The solutions component segment of the data center cooling market is projected to dominate the global data center cooling market during the forecast period of 2020 to 2025.
The liquid cooling systems solution segment is projected to record the highest growth in the global data center cooling market, during the forecast period. The high growth of the liquid cooling systems solution segment is majorly attributed to their advantages over air cooled systems. The liquid cooling systems provide cooling at a reduced energy cost as compared to air cooling systems along with lower the noise levels originating from equipment such as fans in the air cooling systems.
The installment & deployment services segment is projected to dominate the global data center cooling market, during the forecast period. The installation & deployment services can be used by small and medium enterprises (SMEs) as well as large organizations to assist them in the deployment of energy-efficient data center cooling in a cost-effective manner. They also act as a one-stop-shop for hassle-free deployments with minimum downtime. These services are increasingly being used by organizations worldwide.
The room-based type of cooling segment is projected to grow with a high CAGR in the global data center cooling market, during the forecast period. Room-based cooling consists of cooling units operating concurrently to address the heat load of the entire room and focuses on reducing the rising temperature in data centers and server rooms. These cooling units overcome the issues related to the lack of space in data centers.
The mid-sized data center type segment is projected to grow with the highest CAGR in the global data center cooling market, during the forecast period. Mid-sized data centers deploy cooling systems that are scalable and can also match the cooling requirements as the data centers grow. The data center cooling solutions for mid-sized data centers provided by major players enable facility owners to start with low-density data centers and, later, scale up to high density as and when required. This advantage, coupled with the exponential growth in the number of organizations using data centers to store mission-critical data, is expected to drive the adoption of data center cooling solutions in mid-sized data centers in the future.
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The IT & Telecom industry segment is estimated to dominate the global data center cooling market, during the forecast period. The IT & telecom industry is increasingly adopting advanced technologies, such as blade servers and 5G, to cater to the growing computational requirements. This segment has been witnessing increases in the energy requirement creating growth opportunities for efficient cooling solution providers in the data center market.
Asia Pacific is projected to be the fastest growing market for data center cooling during the forecast period. The growing demand for data center cooling is primarily driven by increasing public and private sector investments in projects catering to sectors such as banking, telecom, and government. Also, factors like the growing IT and digital commerce sectors are expected to increase the data traffic in the region, in turn propelling the growth of the data center cooling market during the forecast period.
Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (US), AdaptivCOOL (US), Airedale International (UK), Rittal GmbH & Co. KG (Germany), Nortek Air Solutions, LLC (US), Schneider Electric SE (France), Vertiv Holdings Co. (US), Black Box Corporation (US), and Munters Group AB (Sweden) are the key players in data center cooling market.
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