Global Data Center Cooling Market is expected to reach USD 27,365.9 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Data Center Cooling Market by Type, by Component, by End-use Industry, by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 11,421.7 Million in 2022 and is expected to grow at a moderate growth rate of 10.5% by the year 2031.

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As per Growth Market Reports industry analyst Akash Vedpathak, “Global Data Center Cooling Market is anticipated to witness significant growth during the forecast period 2023-2031. Data center cooling systems often incorporate computerized controls and monitoring mechanisms to optimize cooling efficiency.

These systems utilize sensors to measure temperature, humidity, and other environmental parameters, which enable real-time adjustments and automated responses. By dynamically adjusting cooling resources based on workload demands, energy consumption is optimized without compromising equipment reliability.

Efficiency is a critical aspect of data center cooling, due to the significant energy requirements. Green cooling technologies, such as economizers, evaporative cooling, and heat recovery systems, have gained popularity to reduce energy consumption and minimize environmental impact.

Key factors that are anticipated to fuel the demand for the global Data Center Cooling market during the forecast period are growing adoption of e-commerce and social media platforms, strict government rules and regulations for energy efficient data centers, rising adoption of the 5G, cloud computing and other advanced technologies, and increasing data center investments around the globe.

Conversely, high initial and maintenance costs, may hamper the market growth of the Data Center Cooling market. Adoption of emerging technologies demand for modular and hyperscale data centers creates opportunities in the market.

Supply chain management is a pivotal part of any business. A supply chain involves a series of steps to get Data Center Cooling, products, sizes, and distribution from their primary state to customers. These steps include development, engagement with customers, and delivering and supporting the Data Center Cooling. Entities in the supply chain include raw material/component suppliers, manufacturers, finance, distributors, and customers.

The primary, as well as secondary research methodology, is used for keen observation and study about Data Center Cooling market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry.

On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape.

Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic.

The market for data center cooling has been impacted moderately, due to the COVID-19 pandemic. The data center market has slightly declined during the pandemic. However, the demand for cloud-based services and the adoption of online platforms surged during the pandemic, as an increasing number of people were compelled to work remotely, which increased data traffic and the demand for data center capacity.

During the pandemic, the global supply chains were disrupted, which was one of the important factors contributing to the decline of the market in 2020. Additionally, many makers of data center cooling equipment were forced to close their production facilities, owing to strict governmental regulations, labor shortages, and supply chain disruptions. This resulted in increased expenses for data center operators and delays in the delivery of cooling equipment for data centers.

Key Takeaways from the Study:

• In terms of type, the air cooling accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

• Based on component, the solution segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

• Based on end-use industry, the IT & Telecommunication segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

Data Center Cooling Market Report Scope:

Target Audience:

• Supply-side: Manufacturers, Raw Material/Component Suppliers, and Distributors

• Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.