Data Center Cooling Market Size & Share, by Product (Air Conditioners, Precision Air Conditioners, Chillers, Air Handling Unit); Data Center Type (Large, Medium, Small Scale DC); Cooling Technique (Room-Based Cooling, Rack-Based Cooling, Row-Based Cooling); End-user (BFSI, IT & Telecommunication, Manufacturing, Retail, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035
With the introduction of cooling technology in July 2022, the defense and engineering group ST Engineering entered the market for data center cooling. This cooling technology is said to help operators in tropical climates save 20% on energy, which equates to about SGD 104 per kilowatt-hour of heat load annually.
With a USD 700 million expenditure into a new research center specializing in liquid and immersion cooling, Intel unveiled a new effort in May 2022 to address data center sustainability. Additionally, in order to encourage the adoption of the method in data centers throughout the world, it introduced the initial immersion cooling standard layout on the market.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4756
Published Date: Mar 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The surge in the storage capacity of data and the growing penetration of the internet are some of the major factors anticipated to drive the growth of the data center cooling market.
The market is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2023-2035.
The major players in the market are Asetek, Inc., Black Box Limited, Nortek Air Solution LLC, Vertiv Group Corporation, Rittal GmBh & Co.KG, Stulz Gmbh, and others.
The IT & telecom segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.