Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Data Center Cooling Market Report by Solution, Services, Type of Cooling, Cooling Technology, Type of Data Center, Vertical, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The data center cooling market has seen robust growth, with an increasing focus on maintaining energy efficiency and sustainability in data centers around the world. Advanced cooling solutions are becoming a necessity as businesses expand digital infrastructure and transition to cloud computing and edge computing. The global market size, which stands at US$ 15.2 Billion in 2023, is expected to surge to US$ 46.6 Billion by 2032, proliferating at a CAGR of 13.3%.
Air conditioning solutions continue to dominate the market, owing to their critical role in maintaining optimal operating conditions for data center equipment. The services segment of installation and deployment is leading, signifying initial market investment in cooling infrastructure. Enterprises holding the largest share in the type of data center segment exhibit the importance of robust, centralized computing facilities.
Market Highlights
The popularity of liquid-based cooling technologies highlights the shift toward efficiency, with liquid cooling offering precise temperature control in high-performance computing applications. Additionally, modular and containerized cooling systems are increasingly popular for their adaptability and sustainability.
The Asia-Pacific region leads the market, driven by rapid digitalization and adoption of cloud-based solutions. North America's data center cooling market is also showing significant expansion as a result of increased investment from technology companies and data center operators.
Key players in the market are focusing on energy-efficient and modular cooling solutions, implementing AI and machine learning for optimization, and investing in state-of-the-art thermal management technologies. With innovations and partnerships shaping the market, companies are directed towards sustainability and enhanced operational efficiency. Companies featured in the report include:
- Airedale International Air Conditioning
- Asetek
- Black Box Corporation
- Climaveneta Climate Technologies
- Coolcentric
- Emerson Electric
- Fujitsu
- Hitachi
- Netmagic
- Nortek Air Solutions
- Rittal
- Schneider Electric
- STULZ GmbH
- Vertiv
Market Outlook
The data center cooling market is poised for substantial growth over the next decade. Driven by technological advancements, a focus on energy sustainability, and the increase in cloud and edge computing, companies across regions are investing in advanced cooling solutions to optimize their data centers' performance and energy consumption.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $15.2 Billion |
| Forecasted Market Value (USD) by 2032 | $46.6 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/osc1kf
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