In-Depth Analysis of the Global Data Center Cooling Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Data Center Cooling Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
What are the primary market insights shaping the trajectory of the industry?
The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.
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Who are the top players in the Data Center Cooling Market?
- Modine
- STULZ Gmbh
- Vertiv Group Corp.
- Fujitsu
- Black Box
- Green Revolution Cooling Inc.
- Submer
- Asperitas
- Iceotope Technologies Limited
- Dug Technology
- DCX Liquid Cooling Systems
- Rittal Gmbh & CoKg,
- Schneider Electric
- Asetek, Inc.
- Nortek Air Solutions, Llc
- Others
Global Data Center Cooling Market Segmentation:
By Solution
- Air Conditioning- Market Size & Forecast 2019-2030, (USD Million)
- Chilling Units- Market Size & Forecast 2019-2030, (USD Million)
- Cooling Towers- Market Size & Forecast 2019-2030, (USD Million)
- Economizer Systems- Market Size & Forecast 2019-2030, (USD Million)
- Liquid Cooling Systems- Market Size & Forecast 2019-2030, (USD Million)
- Control Systems- Market Size & Forecast 2019-2030, (USD Million)
- Others (Air Handling, Heat Rejection, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Service
- Consulting- Market Size & Forecast 2019-2030, (USD Million)
- Installation & Deployment- Market Size & Forecast 2019-2030, (USD Million)
- Maintenance & Support- Market Size & Forecast 2019-2030, (USD Million)
By Type of Data Center
- Mid-sized Data Centers- Market Size & Forecast 2019-2030, (USD Million)
- Enterprise Data Centers- Market Size & Forecast 2019-2030, (USD Million)
- Large Data Centers- Market Size & Forecast 2019-2030, (USD Million)
By Type of Cooling
- Room-based Cooling- Market Size & Forecast 2019-2030, (USD Million)
- Row/Rack Cooling- Market Size & Forecast 2019-2030, (USD Million)
By Verticals
- BFSI- Market Size & Forecast 2019-2030, (USD Million)
- IT & Telecom- Market Size & Forecast 2019-2030, (USD Million)
- Retail- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Research & Educational Institutes- Market Size & Forecast 2019-2030, (USD Million)
- Energy- Market Size & Forecast 2019-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
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Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the primary market drivers influencing the growth of Data Center Cooling Market?
Rising Numbers of Data Center Deployments Boosting the Market Expansion
There has been a notable surge in the number of data center deployments owing to the increasing demand for additional storage to store large volumes of data that have been generated regularly. Also, due to the proliferation of data centers, there has been a surge in energy usage and subsequent heat production. For instance:
According to the International Energy Agency, in 2023, Data centers accounted for up to 1.5% of global electricity consumption and are responsible for 1% of energy-related greenhouse gas emissions.
As the Data Center Cooling Market evolves, energy inefficiencies arising from traditional cooling systems are becoming a significant concern. With data centers consuming vast amounts of energy, there’s a growing demand for innovative, low-power cooling solutions to maintain optimal temperatures for IT equipment. This pressing need is driving the development of efficient cooling technologies within the industry.
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Gain a Competitive Edge with Market Research Report
- The Global Data Center Cooling Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Global Data Center Cooling Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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