Data Center Cooling Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Data Center Cooling Market size was valued at USD 9.6 billion in 2021. It is expected to reach a value of  USD 15.8 billion by 2028, at a CAGR of 10.8% from 2022 to 2028. The collective operation of components, apparatus, systems, and processes that provides an appropriate working temperature inside a data centre facility is referred to as data centre cooling. Data centres that lack an adequate cooling system struggle to function correctly, which can lead to system failure. Proper data centre cooling ensures that the data centres receive adequate cooling and air, which is necessary to keep all of the equipment and hardware operating within the proper temperature range. Over the projected period, the data centre cooling market is expected to develop due to an increase in data centre demand. The constant rise in the number of virus-infected patients pushed governments to impose restrictions on human and commodities traffic. Due to temporary factory shutdowns and low production volumes, the manufacturing sector suffered significant losses, which hampered the expansion of the electronics, semiconductor, automotive, and retail sectors. Furthermore, government-imposed social and physical distancing measures have hampered the operations of logistics and other service providers. As a result of this interruption, the cooling type of data centre cooling solution has declined in all regions. Rising the usage of AI, IOT and high adaptation of cloud computing increase the load and overheating of IT and data center servers or devices results in the development of hot spots, which requires accurate cooling. Players are focusing on offering efficient and modern precision cooling systems with enhanced performance, speed, and cooling efficiency which boosting the market growth. Increasing demand of green cooling system to reduce the level of carbon foot prints and growing need for energy efficient cooling systems. Global data center cooling market is surging owing to frequent acquisitions and launchings by the market players.

The Data Center Cooling Market Key Developments:

In August 2019, Green Revolution Cooling launched ICEraQ Micro, an immersion cooled micro-modular data center solution system which provide most powerful, efficient and cost-effective way to cool any data center.