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Data Center Cooling Market Analysis

The Data Center Cooling Market size is estimated at USD 9.38 billion in 2024, and is expected to reach USD 21.83 billion by 2030, growing at a CAGR of 15.11% during the forecast period (2024-2030).

• Due to the high computational needs of AI and media applications, data centers are being increasingly deployed worldwide. These data centers consume a massive amount of power, generating a significant amount of heat, further creating the need for various efficient cooling systems.
• The data center cooling market is expected to show substantial growth due to increased digitization, leading to greater computer performance and requiring a larger number of integrated small chips. The design of data centers and the need to cool them are mainly influenced by powerful computer hardware for AI workloads. Manufacturers are introducing large silicon chips to optimize the performance of artificial intelligence and high-performance computing workloads. The use of powerful GPUs in artificial intelligence and high-performance computing environments supports the need for data center cooling technologies.
• The increasing use of OTT and streaming services has led to a growth in data, fostering market development. Also, the increasing data from online streaming services such as Disney+ Hotstar, Hulu, and Netflix is expected to drive the demand for data center cooling systems.
• Market players are taking action to augment their consumer base by focusing on expanding their global footprint and service offerings. For instance, in March 2024, the intelligent power management company Eaton declared the North American launch of an innovative modular data center solution for organizations that are seeking to rapidly fulfill the increasing requirements for machine learning, edge computing, and AI. Eaton's SmartRack modular data centers primarily combine IT racks and cooling and service enclosures to build a performance-optimized data center solution for critical IT equipment with up to 150 kW of equipment load.
• The market's growth is expected to be hampered by the rising need for various adaptability requirements and power shortages worldwide. Also, the use of inefficient cooling system designs, such as outdated infrastructure or poorly optimized layouts, leading to energy inefficiencies and increased operational costs, and rising energy prices, which might make the cooling expenses prohibitive, are some of the factors that can restrain the market's growth during the forecast period.

Data Center Cooling Industry Segmentation

Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. It is critical as data center facilities house many computer servers and network equipment that generate heat during operation. Efficient cooling systems are used to dissipate this heat and prevent the equipment from overheating, ensuring continued reliable operation of the data center. Various methods, such as air conditioning, liquid cooling, and hot/cold aisle containment, are commonly used to control temperature and humidity in data centers.

The data center cooling market is segmented by technology (air-based cooling [chiller and economizer, CRAH, cooling towers, and other air-based cooling technologies] and liquid-based cooling [immersion cooling, direct-to-chip cooling, and rear-door heat exchanger]), type of data center (hyperscaler, enterprise, and colocation), end-user industry (IT and telecom, retail and consumer goods, healthcare, media and entertainment, federal and institutional agencies, and other end-user industries), and region (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market sizes and forecasts in terms of value (USD) for all the above segments.