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We expect the global data center cooling market to grow at a CAGR of 7% during 2021-2026.
With the rising data center density, numerous data center operators are introducing cost-effective, energy-efficient, and environment-friendly ways for cooling computer systems, which represents one of the key factors driving the global data center cooling market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of offices and production houses, thereby negatively impacted the global market for data center cooling.
Based on the solution, the global data center cooling market can be bifurcated into air conditioning, chilling units, cooling towers, economizer systems, liquid cooling systems, control systems, and others. Currently, air conditioning represents the largest market share.
Based on the services, the global data center cooling market has been segregated into consulting, installation and deployment, and maintenance and support, where installation and deployment service currently holds the majority of total market share.
Based on the type of cooling, the global data center cooling market can be segmented into room-based cooling, row- based cooling, and rack-based cooling. Among these, room-based cooling currently exhibits a clear dominance in the market.
Based on the cooling technology, the global data center cooling market has been divided into the liquid- based cooling and air-based cooling. Currently, air-based cooling holds the largest market share.
Based on the vertical, the global data center cooling market can be categorized into BFSI, IT and telecom, research and education institutions, government and defense, retail, energy, healthcare, and others. Among these, the IT and telecom sector accounts for the highest utilization.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global data center cooling market include Airedale International Air Conditioning, Asetek, Black Box Corporation, Climaveneta Climate Technologies, Coolcentric, Emerson Electric, Fujitsu, Hitachi, Netmagic, Nortek Air Solutions, Rittal, Schneider Electric, STULZ GmbH, Vertiv, etc.
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