Global Data Center Cooling Market Size, Share, Opportunities, COVID-19-Impact, And Trends By Solutions (Air Conditioners, Chillers, Economizers, Cooling Towers, Others), By Enterprise Size (Small, Medium, Large), By End Users (Colocation Service Providers, Cloud Service Providers, Enterprises), By Industry Verticals (Banking And Financial Services, Manufacturing, Healthcare, Communication And Technology, Energy, Education, Government, Media And Entertainment, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Jul 2021 Report Code: KSI061610011 Pages: 125

The data center cooling market is expected to grow at a compound annual growth rate of 10.61% over the analyzed period to reach a market size of US$8,995.385 million in 2026 from US$4,440.740 million in 2019. Data Center Cooling tools are used to control the temperature inside the data centers for better performance. Data Centers house a large number of data storage hardware devices that emit huge heat as a result of continuous operations.

This heat generated surges the temperature inside the data centers, impacting both, machines and humans. Furthermore, excessive heat generation leads to severe damages and hazards capable of causing loss of life and revenue. Datacenter cooling devices such as air conditioners, chillers, cooling towers, and others facilitate ventilation and reduction of the internal temperature of data centers. Cooling devices also increase the efficiency of data centers and are economical in terms of cost. They also reduce potential chances of hazards and interference in work. Hence the prime reason supporting the growth of data center cooling equipment is surging data centers across the globe. Rising global warming is resulting in changes in Earth’s temperature, raising it, to be specific, and in turn, increasing the demand for cooling devices. However, the cost and effectiveness of these devices may hinder the market.   

Mushrooming growth of data centers and rising adoption of cloud computing across various industry verticals will boost the market for the data center cooling industry

The prime driver of growth in the Data Center Cooling market is the mushrooming growth of the data centers around the globe. Since data centers house a large number of data storing devices, a surge in demand for additional storage space has surged the construction of data centers in the past decade. Further, growing new channels of business, such as the virtual business model, is increasing the demand for the data center for storage purposes. Also, organizations today tend to outsource in-house server equipment, to save space within the organization and gain the benefits of security and other services through pooling funds, in a third-party data center, also known as data colocation. This market is anticipated to grow at an exponential rate of 13.84% per annum (Source: KSI Global Data Center Colocation Market Report) and considerably increase the demand for new data centers.

data center cooling market

Based on industry verticals, the market for data center cooling devices is segmented into banking and financial services, manufacturing, healthcare, communication and telecommunication, energy, education, government, media and entertainment, and others. The banking and financial services segment of the market is anticipated to dominate the market during the forecasted period owing to the sensitive financial data the segment stores, which also requires utmost security from robbery and theft. A sure growth of It, communication, and telecommunication will also employ considerable market growth along with technological up-gradation in the industry. The Healthcare sector is predicted to grow exponentially due to advancement in the sector for better economical development. Education and government fragments hold a significant share of the market with the growing adoption of technology and related devices and accessories.  

Small and Medium Enterprises have huge growth potential owing to the rising employment of cloud computing technology

The data center cooling market is divided into small enterprise, medium enterprise, and large enterprise based on enterprise size. Small and medium enterprises (SMEs) are expected to provide a huge market growth potential for both, data centers and data centers cooling equipment. With a special role in developing companies, SMEs play a crucial part in economic development and hence are receiving support from governments. This includes educating and training for better analyzing business opportunities and growth, providing financial support, and policy formation for an easier and economical business environment. Increasing adoption of cloud computing is another reason boosting the growth of data centers and hence, in turn, data center cooling equipment. Particularly among the SMEs for grabbing greater business opportunities. According to a report published by the World Bank, usage of cloud computing technology has surged significantly among SMEs with globally 17% SMEs using public cloud means while 11% of SMEs use the private cloud model. In India, home to 42.50 million SMEs, in 2018, 72% of SMEs use cloud computing for better business operations. This results in the pooling of a large quantum of data requiring storage centers with proper facilities.

The North American region is expected to have a noteworthy share of the market during the forecasted period

By Geography, the market of the data center cooling industry is segmented into the North American region, the South American region, the Middle East and African region, the European region, and the Asia Pacific region. Based on the analysis, the North American region is predicted to dominate the market owing to its state-of-art infrastructure and technological advancement. Favorable government regulation, the presence of a large number of data suppliers and analysts, and the early employment of newly launched technology provide a suitable environment for market growth. However, the Asia Pacific region is anticipated to grow at the fastest rate due to surging SMEs and cloud computing technology adoption.

Covid Pandemic Insights

The analysis report on the data center cooling market covers the detailed impact of the coronavirus pandemic on the industry. The pandemic had a positive effect on the market owing to a spike in the demand for data centers. Nationwide lockdowns resulted in a physical shutdown in various industries. However, these industry verticals adopted virtual and digital modes for uninterrupted operations, especially among education, banking and finance, government, and others, increasing the database and quantum of data. The demand for additional storage space skyrocketed and so did the construction of new data centers. But the shutdown also limited the construction and development, limiting the market at a negligible but noteworthy level.   

Data Center Cooling Market Scope:
Report Metric Details
 Market size value in 2019  US$4,440.740 million
 Market size value in 2026  US$8,995.385 million
 Growth Rate  CAGR of 10.61% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Solutions, Enterprise Size, End Users, Industry Vertical, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Vertiv Group Corporation, Rittal GmbH & Co. KG, Hitachi Ltd., STULZ GmbH,   Coolcenteric, Fujitsu General, 3M
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Solutions
    • Air Conditioners
    • Chillers
    • Economizers
    • Cooling Towers
    • Others
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End Users
    • Colocation Services Provider
    • Cloud Service Providers
    • Enterprise
  • By Industry Vertical
    • Banking and Financial Services
    • Manufacturing
    • Healthcare
    • Communication and Technology
    • Energy
    • Education
    • Government
    • Media and Entertainment
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • Spain
      • Italy
      • United Kingdom
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the data center cooling market size by 2026?
A1. The data center cooling market is projected to reach a market size of US$8,995.385 million by 2026.


Q2. What are the growth prospects for the data center cooling market?
A2. The global data center cooling market is projected to grow at a CAGR of 10.61% during the forecast period.


Q3. What are the key factors behind the data center cooling market growth?
A3. The prime driver of data center cooling market growth is the mushrooming growth of the data centers around the globe.


Q4. What is the size of the data center cooling market?
A4. Data Center Cooling Market was valued at US$4,440.740 million in 2019.


Q5. Which region holds the maximum market share in the data center cooling market?
A5. The North American region is expected to have a noteworthy share of the data center cooling market during the forecasted period

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of Suppliers

4.3.2.Bargaining Powers of Buyers

4.3.3.Threat of Substitutes

4.3.4.The threat of New Entrants

4.3.5.Competitive Rivalry in Industry

4.4.Industry Value Chain Analysis

 

5.Data Center Cooling Market, by Solutions

5.1.Introduction

5.2.Air Conditioners

5.3.Chillers

5.4.Economizers

5.5.Cooling Towers

5.6.Others

 

6.Data Center Cooling Market, by Enterprise Size

6.1.Introduction

6.2.Small

6.3.Medium

6.4.Large

 

7.Data Center Cooling Market, by End Users

7.1.Introduction

7.2.Colocation Services Providers

7.3.Cloud Service Providers

7.4.Enterprise

 

8.Data Center Cooling Market, by Industry Vertical

8.1.Introduction

8.2.Banking and Financial Services

8.3.Manufacturing

8.4.Healthcare

8.5.Communication and Technology

8.6.Energy

8.7.Education

8.8.Government

8.9.Media and Entertainment

8.10.Others

 

9.Data Center Cooling Market, by Geography

9.1.Introduction

9.2.North Americas

9.2.1.North America Data Center Cooling Market Analysis, By Source, 2019 to 2026

9.2.2.North America Data Center Cooling Market Analysis, By Enterprise Size, 2019 to 2026

9.2.3.North America Data Center Cooling Market Analysis, By End Users, 2019 to 2026

9.2.4.North America Data Center Cooling Market Analysis, By Industry Vertical, 2019 to 2026

9.2.5.By Country

9.2.5.1.United States

9.2.5.2.Canada

9.2.5.3.Mexico

9.2.5.4.Others

9.3.South America

9.3.1.South America Data Center Cooling Market Analysis, By Source, 2019 to 2026

9.3.2.South America Data Center Cooling Market Analysis, By Enterprise Size, 2019 to 2026

9.3.3.South America Data Center Cooling Market Analysis, By End Users, 2019 to 2026

9.3.4.South America Data Center Cooling Market Analysis, By Industry Vertical, 2019 to 2026

9.3.5.By Country

9.3.5.1.Brazil

9.3.5.2.Argentina

9.3.5.3.Others

9.4.Europe

9.4.1.Europe Data Center Cooling Market Analysis, By Source, 2019 to 2026

9.4.2.Europe Data Center Cooling Market Analysis, By Enterprise Size, 2019 to 2026

9.4.3.Europe Data Center Cooling Market Analysis, By End Users, 2019 to 2026

9.4.4.Europe Data Center Cooling Market Analysis, By Industry Vertical, 2019 to 2026

9.4.5.By Country

9.4.5.1.Germany

9.4.5.2.France

9.4.5.3.United Kingdom

9.4.5.4.Italy

9.4.5.5.Spain

9.4.5.6.Others

9.5.The Middle East and Africa

9.5.1.The Middle East and Africa Data Center Cooling Market Analysis, By Source, 2019 to 2026

9.5.2.The Middle East and Africa Data Center Cooling Market Analysis, By Enterprise Size, 2019 to 2026

9.5.3.The Middle East and Africa Data Center Cooling Market Analysis, By End Users, 2019 to 2026

9.5.4.The Middle East and Africa Data Center Cooling Market Analysis, By Industry Vertical, 2019 to 2026

9.5.5.By Country

9.5.5.1.Saudi Arabia

9.5.5.2.South Africa

9.5.5.3.Others

9.6.Asia Pacific

9.6.1.Asia Pacific Data Center Cooling Market Analysis, By Source, 2019 to 2026

9.6.2.Asia Pacific Data Center Cooling Market Analysis, By Enterprise Size, 2019 to 2026

9.6.3.Asia Pacific Data Center Cooling Market Analysis, By End Users, 2019 to 2026

9.6.4.Asia Pacific Data Center Cooling Market Analysis, By Industry Vertical, 2019 to 2026

9.6.5.By Country

9.6.5.1.China

9.6.5.2.India

9.6.5.3.South Korea

9.6.5.4.Japan

9.6.5.5.Others

 

10.Competitive Environment and Analysis

10.1.Major Players and Strategy Analysis

10.2.Emerging Players and Market Lucrative

10.3.Mergers, Acquisition, Agreements, and Collaborations

10.4.Vendor Competitiveness Matrix

 

11.Company Profiles

11.1.Vertiv Group Corporation

11.2.Rittal GmbH & Co. KG

11.3.Hitachi Ltd.

11.4.STULZ GmbH

11.5.Coolcenteric

11.6.Fujitsu General

11.7.3M

Vertiv Group Corporation

Rittal GmbH & Co. KG

Hitachi Ltd.

STULZ GmbH

Coolcenteric

Fujitsu General

3M

 

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