IMARC Group, a leading market research company, has recently releases report titled “Data Center Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data center cooling market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
The global data center cooling market size reached US$ 13.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 30.3 Billion by 2028, exhibiting a growth rate (CAGR) of 14% during 2023-2028.
Data center cooling represents equipment used for maintaining an optimal operating temperature within a data center facility. They mainly consist of air conditioning, cooling towers, economizer systems, chilling units, liquid cooling systems, control systems, etc. Data center cooling solutions help to transfer heat energy into the external atmosphere and enhance the overall performance of these facilities by decreasing downtime caused by overheating. They are even extremely cost-effective, environment-friendly, and energy-efficient. As a result, data center cooling devices find widespread applications across several sectors, such as banking, information technology (IT), telecommunication, education, defense, retail, energy, healthcare, etc.
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The growing data center density and the introduction of innovative ways by numerous organizations to cool computer systems for improving efficiency and maximizing uptime are among the key factors driving the data center cooling market. In addition to this, the implementation of stringent environmental safety regulations by government bodies aimed at reducing the emission and power consumption of data centers is acting as another significant growth-inducing factor. In line with this, the development of eco-friendly data center cooling solutions by leading market players and the rising adoption of green energy solutions and renewable energy sources by various data center facilities to ensure sustainability and reduce their carbon footprint are also positively influencing the global market. Additionally, the elevating improvements in IT infrastructure and the shifting preferences toward cloud computing and internet of things (IoT) technologies across multiple industry verticals and the expanding number of data centers within organizations for more comprehensive and efficient operations are expected to bolster the data center cooling market over the forecasted period.
The report has segmented the market into the following categories:
Breakup by Solution:
Breakup by Services:
Breakup by Type of Cooling:
Breakup by Cooling Technology:
Breakup by Type of Data Center:
Breakup by Vertical:
Breakup by Region:
The report covers the major market players including:
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