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Data Center Cooling Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (US), AdaptivCOOL (US) & so on...

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MarketsandMarkets™
Data Center Cooling Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Asetek (Denmark), STULZ GmbH (Germany), Coolcentric (US), AdaptivCOOL (US) & so on...

The data center cooling market is projected to grow from USD 12.7 billion in 2023 to USD 29.6 billion by 2030, at a CAGR of 12.8% from 2023 to 2030. The major reasons for the growth of the data center cooling market include improving efficiency in data centers, rising spending on data centers, significant growth in number of data centers and their power density, increasing demand for cost-effective data center solutions, and the rising significance of eco-friendly data center solutions. These factors are responsible for driving the demand for data center cooling market.

Data Center Cooling Market Key Players

Companies such as Vertiv Holdings Co. (US), Schneider Electric SE (France), STULZ GmbH (Germany), Rittal GmbH & Co. KG (Germany), and Nortek Air Solutions, LLC (US), fall under the winners’ category. These are leading players in the data center cooling market, globally. These players have launched various new products, entered into various deals, and adopted several other strategies, to strengthen their presence in the global data center cooling market.

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Vertiv Holdings Co. is the leading player in the global data center cooling market and is estimated to have the highest share in the market. In October 2020, Vertiv Holdings Co. entered into collaboration with Honeywell to develop sustainable and efficient data center operations. Under this collaboration, both the companies will focus on helping the operators of hyperscale, large enterprise, co-location, and edge data centers to integrate multiple domains of data within a data center. The companies will also focus on optimizing operations by reducing energy use and costs in data centers.

Another important player in the global data center cooling market is Schneider Electric SE.

In September 2020, Schneider Electric SE launched a new IT solution, Edge in a Box, in collaboration with Alliance Partners StorMagic and Hewlett Packard Enterprise (HPE). The Edge in a Box is available globally and is a joint solution that utilizes Schneider Electric’s 6U Wall Mount EcoStruxure Micro Data Center, StorMagic’s SvSAN software, and HPE’s ProLiant Servers to deliver simplified, pre-integrated and cost-effective IT systems specifically designed for edge computing environments. This product launch is expected to strengthen the market presence of Schneider Electric SE in Micro Data Centers.

Data Center Cooling Market Segments

Based on Component

  • Solution
  • Services

Based on Solution

  • Air Conditioning
  • Chilling Units
  • Cooling Towers
  • Economizer Systems
  • Liquid Cooling Systems
  • Control Systems
  • Others (Pumping Units, Humidifiers, and Air Coolers)

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Based on Services

  • Consulting
  • Installation & Deployment
  • Maintenance & Support

Based on Type of Cooling

  • Room-based Cooling
  • Row/Rack-based Cooling

Based on Data Center Type

  • Large Data Centers
  • Enterprise Data Centers
  • Mid-sized Data Centers

Based on Industry

  • BFSI
  • IT & Telecom
  • Research & Academic
  • Government & Defense
  • Retail
  • Energy
  • Manufacturing
  • Healthcare
  • Others (Media & Entertainment and Transportation & Logistics)

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Based on the Region

  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • Netherlands
  • France
  • Italy
  • Rest of Europe (Russia, Turkey, Spain, the Czech Republic, Belgium, and Denmark)
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific (Australia, Singapore, Malaysia, Thailand, Indonesia, Vietnam, and New Zealand)
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (Chile, Argentina, and Colombia)
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa (Iran, Bahrain, Qatar, Turkey, and Jordan)

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Recent Developments

  • In December 2023, Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced the acquisition of CoolTera Ltd., a provider of coolant distribution infrastructure for data center liquid cooling technology. The acquisition will strengthen Vertiv's capabilities to support the deployment of AI at scale and enhance the company's ability to serve the needs of global data center customers. CoolTera provides liquid cooling infrastructure solutions, designing and manufacturing coolant distribution units (CDU), secondary fluid networks (SFN), and manifolds for data center liquid cooling solutions.
  • In May 2023, Fujitsu and Microsoft announced a global partnership to enable "sustainability transformation." and to help businesses move their workloads to the cloud. Fujitsu will provide its expertise in data center infrastructure, while Microsoft will provide its cloud computing platform, Azure. This partnership will give businesses a comprehensive solution to modernize their IT infrastructure.
  • In November 2023, Schneider Electric and Compass Datacenters expanded their partnership with a USD 3 billion multi-year agreement to manufacture and deliver prefabricated modular data center solutions. The partnership aims to integrate their respective supply chains to provide finished goods more quickly, predictably, and cheaply.

Key Features of the Data Center Cooling Market Report

➤ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

➤ Examine the market opportunities for stakeholders by identifying higher growth sections.

➤ To study and analyze the global Ceramic Sanitary Ware industry status and forecast including key regions.

➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

➤ It helps you make strategic business decisions and investment plans.

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