The worldwide data center cooling market was valued at USD 15,541.8 million in 2022 and is expected to grow to USD 32,308.7 million by 2033, with a CAGR of 15.0% between 2023 and 2033.
Since data centers offer centralized networking, storage, and backups, they are vital components for many types of businesses. The primary reason for the growing demand for more computational capability in computer networks is the large volumes of data created. Data centers are now using more energy as a result of this. Financial and environmental concerns have been raised by this rise in data center energy use. Data center cooling solutions must be optimized in light of these factors. The monitoring, measurement, and management of data center resources and energy consumption in IT-related equipment, including servers, network switches, and storage, as well as infrastructure elements, including power distribution units and air conditioners for computer rooms, is referred to as data center cooling.
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Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Company
Schneider Electric SE, Vertiv Co., Stulz GmbH, Rittal GmbH & Co. KG, Airedale International Air Conditioning Ltd, Mitsubishi Electric Corporation, Asetek A/S, Submer Technologies SL, Black Box Corporation, Climaveneta S.p.A., Delta Electronics, Inc., Huawei Technologies Co., Ltd., Fujitsu Limited, Hitachi, Ltd., Nortek Air Solutions, LLC,
Market Dynamics
The expansion of cloud computing, big data analytics, and other data-intensive applications is driving up demand for data processing and storage, which in turn is driving up the need for data center cooling. The necessity for effective and dependable cooling solutions grows as companies depend more and more on data centers to store and process their data. The market is being driven by the move towards green data center technologies as well as the expansion of data-intensive applications. To lower operating costs and achieve sustainability goals, data center operators are searching for more environmentally friendly and energy-efficient cooling solutions in light of the growing cost of electricity and the need to minimize carbon emissions.
Furthermore, the growing use of cutting-edge technologies like machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT) is driving up demand for data centers and, consequently, for efficient cooling systems. The massive volume of data generated by these technologies necessitates its processing and storage in data centers, which in turn drives the market for data center cooling.
Scope of the Report
This study provides estimates and insights for the Data Center Cooling Market for the past, present, and future. An extensive research approach was used to establish the market estimations that are included in the study. Multiple research channels are used in the accepted research approach, including primary, secondary, and subject-related expert input. The Seasonal Affective Disorder Market is estimated by taking into account the impact of many economic, social, and political aspects in addition to the present market dynamics. The market data is also defined by different laws, government expenditures, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes in the market.
Market Trend
This study provides estimates and insights for the Data Center Cooling Market for the past, present, and future. An extensive research approach was used to establish the market estimations that are included in the study. Multiple research channels are used in the accepted research approach, including primary, secondary, and subject-related expert input. The Seasonal Affective Disorder Market is estimated by taking into account the impact of many economic, social, and political aspects in addition to the present market dynamics. The market data is also defined by different laws, government expenditures, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes in the market.
Cloud storage companies like Google, AWS, and Microsoft are increasing the amount of data they can store in the cloud in order to facilitate more productive work processes. These businesses invest in transactions on a hyperscale basis. Microsoft and Meta joined Google in June 2022 to employ artificial intelligence to assist control of their data centers, since the heat created by the new tensor processing units surpasses the boundaries of its prior cooling solutions in the data center.
The IT market is made up of companies, partnerships, and sole proprietors that provide IT services and associated goods and utilize computer telecommunications equipment to store computer peripherals and transport, retrieve, and transmit data. The IT market includes gadgets used in this process, computer networks, television broadcasting, system design services, and information delivery technologies including telephone. The market for data center air conditioning is driven by the need to be generally cooled by such massive needs and equipment.
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