The global data center cooling market is projected to grow from USD 9.4 billion in 2020 to USD 15.7 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. The major reasons for the growth of the data center cooling market include improving efficiency in data centers, rising spending on data centers, significant growth in number of data centers and their power density, increasing demand for cost-effective data center solutions, and the rising significance of eco-friendly data center solutions. These factors are responsible for driving the demand for data center cooling market.
By component, the solution segment of the data center cooling market is estimated to dominate the global data center cooling market. The energy-efficient data center air cooling solutions, as well as liquid cooling solutions that have lower carbon footprints, are witnessing a growth in demand across all industries due to their cost effectiveness and efficient performance.
By solution, air conditioning segment is projected to lead the global data center cooling market, during the forecast period. The dominance of the air conditioning segment is due to factors such as low installation costs and ease of maintenance. These air conditioning units are widely used in data center facilities with moderate cooling requirements. They provide precision air conditioning and maintain the equipment at ideal operating temperatures.
Browse 153 market data Tables and 36 Figures spread through 193 Pages and in-depth TOC on "Data Center Cooling Market by Solution (Air Conditioning, Chilling Unit, Cooling Tower, Economizer System, Liquid Cooling System, Control System & Others), Service, Type of Cooling, Data Center Type, Industry & Region - Global Forecast to 2025"
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Companies such as Vertiv Holdings Co. (US), Schneider Electric SE (France), STULZ GmbH (Germany), Rittal GmbH & Co. KG (Germany), and Nortek Air Solutions, LLC (US), fall under the winners’ category. These are leading players in the data center cooling market, globally. These players have launched various new products, entered into various deals, and adopted several other strategies, to strengthen their presence in the global data center cooling market.
Vertiv Holdings Co. is the leading player in the global data center cooling market and is estimated to have the highest share in the market. In October 2020, Vertiv Holdings Co. entered into collaboration with Honeywell to develop sustainable and efficient data center operations. Under this collaboration, both the companies will focus on helping the operators of hyperscale, large enterprise, co-location, and edge data centers to integrate multiple domains of data within a data center. The companies will also focus on optimizing operations by reducing energy use and costs in data centers.
Another important player in the global data center cooling market is Schneider Electric SE. In September 2020, Schneider Electric SE launched a new IT solution, Edge in a Box, in collaboration with Alliance Partners StorMagic and Hewlett Packard Enterprise (HPE). The Edge in a Box is available globally and is a joint solution that utilizes Schneider Electric’s 6U Wall Mount EcoStruxure Micro Data Center, StorMagic’s SvSAN software, and HPE’s ProLiant Servers to deliver simplified, pre-integrated and cost-effective IT systems specifically designed for edge computing environments. This product launch is expected to strengthen the market presence of Schneider Electric SE in Micro Data Centers.
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