Asia Pacific Data Center Cooling Market

The Asia Pacific data center cooling market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 11.7% during 2023–2031. Growth of the market is attributed to increasing internet usages, rising energy data demand from data center, and rapidly emerging economies.

In data center facility for maintaining ideal temperature the techniques, processes, collective equipment, and tools are used which refers to data center cooling. For keeping modern data centers running efficiently & safely requires continual close management & monitoring. Modern data centers are extraordinary technological facility. Managing the right temperature is important tasks in data center management.

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The Covid-19 pandemic impacted the supply and demand of Asia Pacific data center cooling market. Oscillating supply of raw materials, lockdown across the globe, and supply chain disorders forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Asia Pacific Data Center Cooling Market Trends, Drivers, Restraints, and Opportunities

• Rising need for the green data center is projected to boost the market.

• Increasing quantity of digital data is the major factor fueling the market.

• Lack of awareness about the data center cooling is projected to restrict the market expansion during the forecast period.

• Power outage is anticipated to hamper the market growth in the coming years.

• R&D investment and technological advancement in data center cooling market is projected to offer lucrative opportunities for the market players.

Scope of Asia Pacific Data Center Cooling Market Report

The report on the Asia Pacific data center cooling market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Data Center Cooling Market Segment Insights

The IT segment accounts for a key share of the market

Based on end-user verticals, the Asia Pacific data center cooling equipment market is segmented into government, retail, IT, healthcare, BFSI, and telecommunication. The IT segment accounts for a key share of the market.

Growth of the market is attributed to increasing energy expenditure by data center and rapid development in IT infrastructure. However, the BFSI segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising number of SaaS providers and increasing adoption of cloud storage.

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The installation & deployment segment accounts for a significant share of the market

On the basis of services, the market is divided into support, maintenance services, consulting, and installation & deployment. The installation & deployment segment accounts for a significant share of the market. Growth of the market is attributed to increasing number of constructions of hyperscale facilities and rising need for expending storage capacity.

The consulting segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing number of data users and rising need for reduction of operational expenditure.

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The liquid cooling systems segment accounts for a significant share of the market

Based on solutions, the Asia Pacific data center cooling market is fragmented into door, rack, row & over-head cooling systems, economizer systems, air conditioners & handlers, chillers, and liquid cooling systems. The data center liquid cooling systems segment accounts for a significant share of the market.

Growth of the market is attributed to high cost of initial investment in renewable energy data center and rapid urbanization. The air conditioners & handlers segment are anticipated to expand at a rapid pace during the forecast period due to factors such as energy efficient equipment, increasing electricity usages, and increased emission of CO2.

China is anticipated to hold major market share

On the basis of geography, the Asia Pacific data center cooling market is categorized as India, Australia, Malaysia, China, Indonesia, Japan, and Rest of the Asia Pacific. The market of Japan is estimated to expand at a high CAGR during the forecast period due to presence of major market players, increasing working population, and rapid industrialization. The market of China is estimated to hold major market share due to increasing per capita income and rising investment by private sector.

Segments

The Asia Pacific data center cooling market has been segmented on the basis of

Deployments

• Onshore
• Offshore

Services

• Support
• Maintenance Services
• Consulting
• Installation & Deployment

End-user Verticals

• Government
• Retail
• IT
• Healthcare
• BFSI
• Telecommunication

Geography

• India
• Australia
• Malaysia
• China
• Indonesia
• Japan
• Rest of the Asia Pacific

Key Players

• CoolIT Systems Inc.
• Johnson Controls Inc.
• Asetek AS
• Rittal GmbH & Co. KG
• Stulz GmbH
• Mitsubishi Electric Hydronics & IT Cooing Systems SpA
• Vertiv Co.
• LiquidCool Solutions
• Schneider Electric SE
• Chilldyne Inc.

Competitive Landscape

Key players competing in the Asia Pacific data center cooling market include CoolIT Systems Inc.; Johnson Controls Inc.; Asetek AS; Rittal GmbH & Co. KG; Stulz GmbH; Mitsubishi Electric Hydronics & IT Cooing Systems SpA; Vertiv Co.; LiquidCool Solutions; Schneider Electric SE; and Chilldyne Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.