Global Data Center Cooling Market Predicted to Surpass US$ 15.7 Billion by 2025, at a CAGR of 10.7%, MarketsandMarkets™ Report
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.
The liquid cooling systems solution segment is projected to record the highest growth in the global data center cooling market, during the forecast period. The high growth of the liquid cooling systems solution segment is majorly attributed to their advantages over air cooled systems. The liquid cooling systems provide cooling at a reduced energy cost as compared to air cooling systems along with lower the noise levels originating from equipment such as fans in the air cooling systems.
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The installment & deployment services segment is projected to dominate the global data center cooling market, during the forecast period. The installation & deployment services can be used by small and medium enterprises (SMEs) as well as large organizations to assist them in the deployment of energy-efficient data center cooling in a cost-effective manner. They also act as a one-stop-shop for hassle-free deployments with minimum downtime. These services are increasingly being used by organizations worldwide.
The room-based type of cooling segment is projected to grow with a high CAGR in the global data center cooling market, during the forecast period. Room-based cooling consists of cooling units operating concurrently to address the heat load of the entire room and focuses on reducing the rising temperature in data centers and server rooms. These cooling units overcome the issues related to the lack of space in data centers.
The mid-sized data center type segment is projected to grow with the highest CAGR in the global data center cooling market, during the forecast period. Mid-sized data centers deploy cooling systems that are scalable and can also match the cooling requirements as the data centers grow. The data center cooling solutions for mid-sized data centers provided by major players enable facility owners to start with low-density data centers and, later, scale up to high density as and when required. This advantage, coupled with the exponential growth in the number of organizations using data centers to store mission-critical data, is expected to drive the adoption of data center cooling solutions in mid-sized data centers in the future.
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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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