2024: Modine announced its acquisition of the intellectual property and distinct assets of TMG Core for the expansion of its data center cooling business on a large scale. TMG Core specializes in single- and two-phase liquid immersion cooling technology tailored for data centers with demanding high-density computing needs.
According to MarkNtel Advisors study, The Global Data Center Cooling Market size was valued at USD 12.35 billion in 2023 and is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2024-30.
A notable trend shaping the data center cooling industry is the increasing emphasis on energy efficiency and the uptake of hybrid cooling solutions. Operators are prioritizing cost reduction and environmental sustainability, driving the adoption of eco-friendlier technologies. Hybrid strategies, which blend conventional air cooling methods with innovative liquid-based systems, are gaining traction for their ability to strike a balance between cost-effectiveness and sustainability. This trend towards efficient alternatives not only ensures continuous market expansion but also effectively meets the evolving needs of modern data centers. In recent years, various advanced liquid cooling systems have been introduced in the marketplace due to the rising demand for energy-efficient cooling solutions for data centers.
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Key Findings in Data Center Cooling Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Data Center Cooling Market Key Players:
Modine, STULZ Gmbh, Vertiv Group Corp., Fujitsu, Black Box, Green Revolution Cooling Inc., Submer, Asperitas, Iceotope Technologies Limited, Dug Technology, DCX Liquid Cooling Systems, Rittal Gmbh & Co. Kg,, Schneider Electric, Asetek, Inc., Nortek Air Solutions, Llc, Others,
Market Segmentation Overview:
By Solution
-Air Conditioning
-Chilling Units
-Cooling Towers
-Economizer Systems
-Liquid Cooling Systems
-Control Systems
-Others (Air Handling, Heat Rejection, etc.)
By Service
-Consulting
-Installation & Deployment
-Maintenance & Support
By Type of Data Center
-Mid-sized Data Centers
-Enterprise Data Centers
-Large Data Centers
By Type of Cooling
-Room-based Cooling
-Row/Rack Cooling
By Verticals
-BFSI
-IT & Telecom
-Retail
-Healthcare
-Research & Educational Institutes
-Energy
-Government & Defense
-Others
In the Data Center Cooling Market, the Research & Educational Institutes segment is anticipated to hold the largest market share during the forecast period. The surge is due to various factors, such as the heightened utilization of data centers by research and educational institutes, increased expenditures on these facilities for technological advancements, and a pressing need to decrease carbon emissions while minimizing energy consumption. These influences have compounded with increasing pressure on existing infrastructure, spurred by the continuously evolving digital landscape, leading to an anticipated significant growth within the research and educational institutes segment in the foreseeable future.
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Data Center Cooling Industry Recent Development:
2023: STULZ GmbH announced the launch of its Micro Data Centre, a single rack, all-in-one micro data center solution that combines power protection and distribution, monitoring, cooling, and management with fire protection and security.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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