Press release
Data Center Cooling Market Insights, Forecast, Size, Growth, Trends 2024-2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Data Center Cooling Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $31.93 billion In 2028 At A CAGR Of 16.9% :
The data center cooling market size has grown rapidly in recent years. It will grow from $14.66 billion in 2023 to $17.09 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to rapid growth in data centers, high-density computing, energy efficiency concerns, regulatory compliance, globalization of data storage, increased heat load per rack.
The data center cooling market size is expected to see rapid growth in the next few years. It will grow to $31.93 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to renewable energy integration, focus on water conservation, heat recovery systems, modular data center solutions, integration of immersive cooling. Major trends in the forecast period include liquid cooling solutions, free cooling techniques, AI-driven cooling management, high-density cooling systems, edge data center cooling solutions, and cooling-as-a-service models.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6511&type=smp
Data Center Cooling Market Major Segments
The data center cooling market covered in this report is segmented -
1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-sized Data Centers
2) By Cooling Technology: Rack/Row-Based, Room-Based
3) By Component: Solution, Service
4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries
Key Driver - Eco-Friendly Solutions In The Data Center Market
Green initiatives for eco-friendly data center solutions are driving the growth of the data center cooling market. Data centers consume a lot of energy and hence are responding and are beginning to emerge as potent change agents, contributing significantly to the reduction of environmental impact. They're becoming more aware and strategic about how they run their facilities, from the energy they buy to how they cool the data center and everything in between. Commitments to novel green and renewable solutions, such as green electricity, water reclamation, zero water cooling systems, recycling, and waste management, are being used to build the most sustainable data centers. They don't have any outdated methods (such as fixed or underutilized servers) and make use of newer, more efficient technologies. According to Science Direct, the data center energy use might account for 2.13% of worldwide electricity supply by 2030. Moreover, in 2021, Microsoft implemented this technology in its Azure datacenters. A Microsoft Azure, eco-friendly data center is a one-of-a-kind physical structure with its power, cooling, and networking infrastructure that houses thousands of physical servers. Therefore, green initiatives for eco-friendly data center solutions are driving the data center cooling market growth.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=6511&type=smp
Prominent Trend - Innovative Data Center Immersion Cooling Fluids For Enhanced Efficiency And Reduced Total Cost Of Ownership
Major companies operating in the data center cooling market are launching new products such as immersion cooling fluids to increase their profitability in the market. Immersion cooling fluids, also known as coolants or dielectric fluids, in data center cooling refer to specialized liquids used in immersion cooling systems to absorb and dissipate heat generated by electronic components, such as servers and other IT hardware. For instance, in October 2023, ExxonMobil Corporation, a US-based natural gas company launched data center immersion cooling fluids. ExxonMobil's data center cooling fluids, designed for energy efficiency and performance, offer a diverse portfolio of synthetic and non-synthetic options with varying thermal capacities. Tailored to lower viscosity for efficient heat removal, these fluids ensure compatibility with diverse materials, supporting long equipment life. The immersion cooling fluids is essential for liquid cooling in data centers, aims to enhance energy efficiency, reduce water consumption, and increase rack density, contributing to a claimed up to 40% reduction in the total cost of ownership for IT equipment.
Data Center Cooling Market Players
Major companies operating in the data center cooling market report are Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Fujitsu Limited, ABB Group, Hewlett Packard Enterprise Company, Daikin Industries Ltd., Johnson Controls International plc, Eaton Corporation, Emerson Electric Co., Trane Technologies plc, Climaveneta Climate Technologies S.p.A., Vertiv Group Corporation, Alfa Laval AB, Rittal GmbH & Co. KG, Ebullient Inc., Munters Group AB, Black Box Corporation, Nortek Air Solutions LLC, Coolcentric Inc., Airedale International Air Conditioning Limited, Asetek Inc., Usystems Inc., Midas Green Technologies Inc., Liquid Cool Solutions LLC, Green Revolution Cooling Inc., Submer Technologies Inc., Delta Power Solutions, Adaptivcool Ltd., Interxion Holding NV
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/data-center-cooling-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the data center cooling market in 2023. North America was the second-largest market in the data center cooling market share. The regions covered in the data center cooling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Cooling Market Report Structure
3. Data Center Cooling Market Trends And Strategies
4. Data Center Cooling Market - Macro Economic Scenario
5. Data Center Cooling Market Size And Growth
…..
27. Data Center Cooling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Data Center Cooling Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $31.93 billion In 2028 At A CAGR Of 16.9% :
The data center cooling market size has grown rapidly in recent years. It will grow from $14.66 billion in 2023 to $17.09 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to rapid growth in data centers, high-density computing, energy efficiency concerns, regulatory compliance, globalization of data storage, increased heat load per rack.
The data center cooling market size is expected to see rapid growth in the next few years. It will grow to $31.93 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to renewable energy integration, focus on water conservation, heat recovery systems, modular data center solutions, integration of immersive cooling. Major trends in the forecast period include liquid cooling solutions, free cooling techniques, AI-driven cooling management, high-density cooling systems, edge data center cooling solutions, and cooling-as-a-service models.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6511&type=smp
Data Center Cooling Market Major Segments
The data center cooling market covered in this report is segmented -
1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-sized Data Centers
2) By Cooling Technology: Rack/Row-Based, Room-Based
3) By Component: Solution, Service
4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries
Key Driver - Eco-Friendly Solutions In The Data Center Market
Green initiatives for eco-friendly data center solutions are driving the growth of the data center cooling market. Data centers consume a lot of energy and hence are responding and are beginning to emerge as potent change agents, contributing significantly to the reduction of environmental impact. They're becoming more aware and strategic about how they run their facilities, from the energy they buy to how they cool the data center and everything in between. Commitments to novel green and renewable solutions, such as green electricity, water reclamation, zero water cooling systems, recycling, and waste management, are being used to build the most sustainable data centers. They don't have any outdated methods (such as fixed or underutilized servers) and make use of newer, more efficient technologies. According to Science Direct, the data center energy use might account for 2.13% of worldwide electricity supply by 2030. Moreover, in 2021, Microsoft implemented this technology in its Azure datacenters. A Microsoft Azure, eco-friendly data center is a one-of-a-kind physical structure with its power, cooling, and networking infrastructure that houses thousands of physical servers. Therefore, green initiatives for eco-friendly data center solutions are driving the data center cooling market growth.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=6511&type=smp
Prominent Trend - Innovative Data Center Immersion Cooling Fluids For Enhanced Efficiency And Reduced Total Cost Of Ownership
Major companies operating in the data center cooling market are launching new products such as immersion cooling fluids to increase their profitability in the market. Immersion cooling fluids, also known as coolants or dielectric fluids, in data center cooling refer to specialized liquids used in immersion cooling systems to absorb and dissipate heat generated by electronic components, such as servers and other IT hardware. For instance, in October 2023, ExxonMobil Corporation, a US-based natural gas company launched data center immersion cooling fluids. ExxonMobil's data center cooling fluids, designed for energy efficiency and performance, offer a diverse portfolio of synthetic and non-synthetic options with varying thermal capacities. Tailored to lower viscosity for efficient heat removal, these fluids ensure compatibility with diverse materials, supporting long equipment life. The immersion cooling fluids is essential for liquid cooling in data centers, aims to enhance energy efficiency, reduce water consumption, and increase rack density, contributing to a claimed up to 40% reduction in the total cost of ownership for IT equipment.
Data Center Cooling Market Players
Major companies operating in the data center cooling market report are Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Fujitsu Limited, ABB Group, Hewlett Packard Enterprise Company, Daikin Industries Ltd., Johnson Controls International plc, Eaton Corporation, Emerson Electric Co., Trane Technologies plc, Climaveneta Climate Technologies S.p.A., Vertiv Group Corporation, Alfa Laval AB, Rittal GmbH & Co. KG, Ebullient Inc., Munters Group AB, Black Box Corporation, Nortek Air Solutions LLC, Coolcentric Inc., Airedale International Air Conditioning Limited, Asetek Inc., Usystems Inc., Midas Green Technologies Inc., Liquid Cool Solutions LLC, Green Revolution Cooling Inc., Submer Technologies Inc., Delta Power Solutions, Adaptivcool Ltd., Interxion Holding NV
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/data-center-cooling-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the data center cooling market in 2023. North America was the second-largest market in the data center cooling market share. The regions covered in the data center cooling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Cooling Market Report Structure
3. Data Center Cooling Market Trends And Strategies
4. Data Center Cooling Market - Macro Economic Scenario
5. Data Center Cooling Market Size And Growth
…..
27. Data Center Cooling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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