Data Center Cooling Market worth USD 28.3631 Billion, growing at a 10.50% CAGR by 2030 – Report by Market Research Future (MRFR)

Data Center Cooling Market Insights:

The Data Center Cooling Market size was estimated to be USD 14.1 billion in 2022. The data center cooling market is expected to grow from USD 15.5805 billion in 2023 to USD 28.3631 billion by 2030, at a CAGR of 10.50%. forecast period (2023-2030). Various industries require innovative technologies and increasing demand for energy and money saving data centers are the key factors driving the growth of the market. Organizations are increasing their investment in building new data center facilities due to the proliferation of cloud services, the visibility of big data and the proliferation of connected devices.

Over the next eight years, all these factors are expected to drive demand for data center cooling. As a result, the demand for cooling solutions is directly correlated with the increase in data center space worldwide. The development of the cantilever cooling industry is limited by the anticipated demanding special infrastructure and high investment costs to set up and maintain these data center solutions. Also, the data center cooling industry is expected to be challenged by power outages and lower carbon dioxide cooling issues during the forecast period. The data center cooling industry has been significantly impacted by COVID-19. Labor shortages and low investment costs have slowed the production and sales of data center cooling technology.

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Key Players:

The government and major market players have also introduced new security measures to promote and improve practices. Because it targeted the right demographic, sales in the data center cooling industry grew as technology advanced. In addition, data centers act as the hub of all major IT infrastructures in various industries including manufacturing, BFSI, retail, healthcare, etc. Investments in data centers in these industries are primarily driven by the need to manage large volumes of data while providing network connectivity. skills However, since data centers generate a lot of heat, they need cooling solutions to keep the system running continuously. Therefore, all data center installations must prioritize data center cooling solutions. Thus, the revenue of the Data Center Cooling market increases.

Key Companies in the Data Center Cooling market include:

• Fujitsu Ltd. (Japan)
• Asetek A/S (Denmark)
• The Mitsubishi Group (Japan)
• Schneider Electric SE (France)
• Rittal GmbH & Co. KG (Germany)
• Hitachi Ltd. (Japan)
• 4energy (UK)
• 3M (US)
• Degree Controls (US)
• Wakefield-Vette Inc. (US)
• HP Development CompanyL.P. (US)
• The Heico Companies LLC (US)

Scope of the Report – Data Center Cooling Market:

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Market Segmentation:

 Based on components, data center cooling market segmentation includes coolers, economizers, and server cooling. The refrigerator segment dominated the market. By cooling type, data center cooling market segmentation includes liquid cooling and air cooling. The air segment accounted for the majority of data center cooling market revenue in 2022.

Based on service, data center cooling market information includes professional service and managed service. The managed services category generated the most revenue due to the increased use of smartphones.

Based on the size of the organization, the data center cooling industry covers SMEs and large enterprises. The market with the largest market share is dominated by large companies during the forecast period. 

Browse In-depth Market Research Report (110 Pages, Charts, Tables, Figures) Data Center Cooling Market – https://www.marketresearchfuture.com/reports/data-center-cooling-market-1913

By region, the study provides a market overview of North America, Europe, Asia Pacific, and rest of the world. The Asia-Pacific data center cooling market will continue to dominate, and its share is expected to increase during the forecast period due to growth in data center cooling applications in the telecom sector. This may be due to the increasing number of external IT infrastructure service providers accessing and managing critical business data and applications. This will increase the market growth in this region.

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