1. What is the projected Compound Annual Growth Rate (CAGR) of the Data Center Cooling Market?
The projected CAGR is approximately 10.7%.
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Data Center Cooling MarketData Center Cooling Market by Product (Air Conditioners, Precision Air Conditioners, Liquid Cooling, Air Handling Unit, Chillers, Others), by Data Center Type (Large Scale, Medium Scale, Small Scale), by Cooling Technique (Room-based Cooling, Rack-based Cooling, Row-based Cooling), by Industry (BFSI, IT, Telecom, Manufacturing, Retail, Healthcare, Energy, Utilities, Others), by By Product (Air Conditioners, Precision Air Conditioners, Liquid Cooling, Air Handling Unit, Chillers, Others), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., France, Germany, Nordics, Rest of Europe), by Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa), by Asia Pacific (China, Japan, India, Southeast Asia, Rest of Asia Pacific) Forecast 2026-2034
The Data Center Cooling Market size was valued at USD 13.51 USD Billion in 2023 and is projected to reach USD 27.52 USD Billion by 2032, exhibiting a CAGR of 10.7 % during the forecast period. The growth of this market can be attributed to the increasing demand for data centers due to the rising adoption of cloud computing, big data, and the Internet of Things (IoT). Data center cooling is the process of monitoring and maintaining the temperature within a data center environment. Its sole purpose is to ensure that the electronic equipment, such as servers, networking devices, and storage systems, operates at optimal conditions. In addition, efficient cooling systems are essential to prevent overheating as it may lead to equipment malfunction. As the scale and performance demands for today’s data centers continues to increase, so does the need for superior data center cooling. Computing creates heat. Data centers, which are filled with servers, generate lots of heat. Excessive heat can cause hot spots that lead to equipment failure and downtime. To remove this heat and avoid downtime, IT teams use a variety of data center cooling methods. It’s like air conditioners for computer rooms.
Product:
Data Center Type:
Cooling Technique:
Industry:
This in-depth report provides unparalleled insights into the data center cooling market, encompassing:
Geographically, the data center cooling market is segmented into the following key regions, each presenting unique opportunities and dynamics:
The data center cooling market is poised for significant growth in the coming years. As the world's demand for data continues to increase, so too will the need for efficient and reliable cooling solutions. By adopting innovative cooling technologies and implementing best practices, data center operators can reduce their energy consumption and costs while ensuring the uptime and reliability of their critical infrastructure.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 10.7% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 10.7%.
Key companies in the market include Asetek, Inc. (U.S.), Rittal GmbH & Co. KG (Germany), Schneider Electric (France), Coolcentric (U.S.), Vertiv Group Corp. (U.S.), STULZ GMBH (Germany), Hitachi, Ltd. (Japan), Nortek (Italy), LiquidStack Holding B.V. (U.S.), Munters (India).
The market segments include Product, Data Center Type, Cooling Technique, Industry.
The market size is estimated to be USD 13.51 USD Billion as of 2022.
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Increasing Data Security Concerns to Hamper Market Growth.
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The market size is provided in terms of value, measured in USD Billion.
Yes, the market keyword associated with the report is "Data Center Cooling Market," which aids in identifying and referencing the specific market segment covered.
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