Data Center Cooling Market

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The Data Center Cooling Global Market Report 2023 by The Business Research Company, provides data center cooling market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Data Center Cooling Global Market Report 2023, the market size is expected to grow from$12.61 billion in 2022 to $14.56 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The data center cooling market size is expected to grow to $26.75 billion in 2027 at a CAGR of 16.4%.

Green initiatives for eco-friendly data center solutions are driving the growth of the data center cooling market. Data centers consume a lot of energy and hence are responding and are beginning to emerge as potent change agents, contributing significantly to the reduction of environmental impact. They’re becoming more aware and strategic about how they run their facilities, from the energy they buy to how they cool the data center and everything in between. Commitments to novel green and renewable solutions, such as green electricity, water reclamation, zero water cooling systems, recycling, and waste management, are being used to build the most sustainable data centers. They don’t have any outdated methods (such as fixed or underutilized servers) and make use of newer, more efficient technologies.

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The data center cooling market is segmented:

1) By Data Centre Type: Large Data Centers, Enterprise Data Centers, Mid-sized Data Centers

2) By Cooling Technology: Rack/Row-Based, Room-Based

3) By Component: Solution, Service

4) By Industry: Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Research And Academic, Government And Defense, Retail, Energy, Manufacturing, Healthcare, Other Industries

The use of computer room air handling (CRAH) is shaping the data center cooling market. A computer room air handler (CRAH) is a device that deals with the heat generated by equipment in data centers. A CRAH employs fans, cooling coils, and a water-chiller system to remove heat, unlike a computer room air conditioning (CRAC) machine, which uses mechanical refrigeration to cool the air, brought to a data center. For example, in September 2020, The YORK Mission Critical Horizontal Computer Room Air Handler (YORK MCH CRAH) is a new product from Johnson Controls that is designed to fulfill the particular cooling needs of the world’s most demanding data centers.

The data center cooling market report table of contents includes: