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Data center cooling solutions market to grow by 21.79% Y-O-Y in 2023; Customer-centered solutions will drive growth -Technavio
[January 24, 2023]

Data center cooling solutions market to grow by 21.79% Y-O-Y in 2023; Customer-centered solutions will drive growth -Technavio


NEW YORK, Jan. 24, 2023 /PRNewswire/ -- Data center cooling solutions market insights -

  • Vendors: 15+, Including Aermec Spa, Airedale Air Conditioning Ltd., AIRSYS Refrigeration Engineering Technology Co. Ltd., Alfa Laval Corporate AB, Asetek AS, Black Box Corp., Chilldyne, Citec International, Daikin Industries Ltd., Data Aire Inc.,  Engineered Fluids Inc., Green Revolution Cooling Inc., Midas Immersion Cooling, Mitsubishi Electric Corp., Motivair Corp., Nortek Inc., Schneider Electric SE, STULZ GmbH, Vertiv Holdings Co., Delta Electronics Inc., among others
  • Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Application (Air conditioning, Economizers, Cooling towers, Chillers, and Others), Technique (Air-based cooling and Liquid-based cooling), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

To understand more about the data center cooling solutions market insights, request a Free sample report

In 2017, the data center cooling solutions market was valued at USD 6,601.52 million. From a regional perspective, North America held the largest market share, valued at USD 2,171.24 million. The data center cooling solutions market size is estimated to grow by USD 27,954.87 million from 2022 to 2027 at a CAGR of 24.36% according to Technavio.

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Data center cooling solutions market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • For highlights on customer landscape analysis, download a sample!

Data center cooling solutions market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

  • Aermec Spa - The company offers data center cooling solutions such as chilled water, direct expansion, and indirect evaporative air cooling technologies.
  • Airedale Air Conditioning Ltd. - The company offers data center cooling solutions such as SmartCool ONE, SmartCool, and SmartCool iDrive.
  • AIRSYS Refrigeration Engineering Technology Co. Ltd. - The company offers data center cooling solutions such as Optima adjustable temperature and humidity control.
  • Alfa Laval Corporate AB - The company offers data center cooling solutions for traditional mechanical cooling.

Data center cooling solutions market Market dynamics

Major Drivers – 

  • Increased demand for data centers
  • Need to reduce OPEX
  • Growing use of free cooling technique

Key challenges – 

  • Environmental concerns
  • Increasing water consumption by data centers
  • Lack of technical expertise

Drivers and Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The data center cooling solutions market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

What are the key data covered in this data center cooling solutions market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the data center cooling solutions market between 2023 and 2027
  • Precise estimation of the data center cooling solutions market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the data center cooling solutions industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of data center cooling solutions market vendors

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Related Reports:

The data center cooling market in India has the potential to grow by USD 775.85 million during 2020-2025, and the market's growth momentum will accelerate at a CAGR of 22.49%. Furthermore, this report extensively covers market segmentation by technique (liquid-based cooling and air-based cooling), architecture (room cooling and rack and row cooling), and cooling system (air conditioners, economizers, cooling towers, chillers, and others).

The evaporative cooling market is estimated to grow at a CAGR of 7.86% between 2022 and 2027. The size of the market is forecast to increase by USD 2,010 million. This report extensively covers market segmentation by type (indirect evaporative cooling, direct evaporative cooling, and two-stage evaporative cooling), application (industrial, confinement farming, residential, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).





Data Center Cooling Solutions Market Scope

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 24.36%

Market growth 2023-2027

USD 27,954.87 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.79

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, China, India, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aermec Spa, Airedale Air Conditioning Ltd., AIRSYS Refrigeration Engineering Technology Co. Ltd., Alfa Laval Corporate AB, Asetek AS, Black Box Corp., Chilldyne, Citec International, Daikin Industries Ltd., Data Aire Inc., Engineered Fluids Inc., Green Revolution Cooling Inc., Midas Immersion Cooling, Mitsubishi Electric Corp., Motivair Corp., Nortek Inc., Schneider Electric SE, STULZ GmbH, Vertiv Holdings Co., and Delta Electronics Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Table of Contents:

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technique
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market Definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global data center cooling solutions market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global data center cooling solutions market 2017 - 2021 ($ million)
  • 4.2 Application Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.3 Technique Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Technique Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Air conditioning - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Air conditioning - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Air conditioning - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Air conditioning - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Air conditioning - Year-over-year growth 2022-2027 (%)
  • 6.4 Economizers - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Economizers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Economizers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Economizers - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Economizers - Year-over-year growth 2022-2027 (%)
  • 6.5 Cooling towers - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Cooling towers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Cooling towers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Cooling towers - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Cooling towers - Year-over-year growth 2022-2027 (%)
  • 6.6 Chillers - Market size and forecast 2022-2027
    • Exhibit 46: Chart on Chillers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Chillers - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Chillers - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Chillers - Year-over-year growth 2022-2027 (%)
  • 6.7 Others - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Application 
    • Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by Technique

  • 7.1 Market segments 
    • Exhibit 55: Chart on Technique - Market share 2022-2027 (%)
    • Exhibit 56: Data Table on Technique - Market share 2022-2027 (%)
  • 7.2 Comparison by Technique 
    • Exhibit 57: Chart on Comparison by Technique
    • Exhibit 58: Data Table on Comparison by Technique
  • 7.3 Air-based cooling - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Air-based cooling - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Air-based cooling - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Air-based cooling - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Air-based cooling - Year-over-year growth 2022-2027 (%)
  • 7.4 Liquid-based cooling - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Liquid-based cooling - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Liquid-based cooling - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Liquid-based cooling - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Liquid-based cooling - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Technique 
    • Exhibit 67: Market opportunity by Technique ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027
    • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.7 South America - Market size and forecast 2022-2027
    • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027
    • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 Germany - Market size and forecast 2022-2027
    • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 Aermec Spa 
    • Exhibit 120: Aermec Spa - Overview
    • Exhibit 121: Aermec Spa - Product / Service
    • Exhibit 122: Aermec Spa - Key offerings
  • 12.4 Airedale Air Conditioning Ltd. 
    • Exhibit 123: Airedale Air Conditioning Ltd. - Overview
    • Exhibit 124: Airedale Air Conditioning Ltd. - Product / Service
    • Exhibit 125: Airedale Air Conditioning Ltd. - Key offerings
  • 12.5 AIRSYS Refrigeration Engineering Technology Co. Ltd.
    • Exhibit 126: AIRSYS Refrigeration Engineering Technology Co. Ltd. - Overview
    • Exhibit 127: AIRSYS Refrigeration Engineering Technology Co. Ltd. - Product / Service
    • Exhibit 128: AIRSYS Refrigeration Engineering Technology Co. Ltd. - Key offerings
  • 12.6 Alfa Laval Corporate AB 
    • Exhibit 129: Alfa Laval Corporate AB - Overview
    • Exhibit 130: Alfa Laval Corporate AB - Business segments
    • Exhibit 131: Alfa Laval Corporate AB - Key news
    • Exhibit 132: Alfa Laval Corporate AB - Key offerings
    • Exhibit 133: Alfa Laval Corporate AB - Segment focus
  • 12.7 Asetek AS 
    • Exhibit 134: Asetek AS - Overview
    • Exhibit 135: Asetek AS - Business segments
    • Exhibit 136: Asetek AS - Key offerings
    • Exhibit 137: Asetek AS - Segment focus
  • 12.8 Black Box Corp. 
    • Exhibit 138: Black Box Corp. - Overview
    • Exhibit 139: Black Box Corp. - Product / Service
    • Exhibit 140: Black Box Corp. - Key offerings
  • 12.9 Citec International 
    • Exhibit 141: Citec International - Overview
    • Exhibit 142: Citec International - Product / Service
    • Exhibit 143: Citec International - Key offerings
  • 12.10 Daikin Industries Ltd. 
    • Exhibit 144: Daikin Industries Ltd. - Overview
    • Exhibit 145: Daikin Industries Ltd. - Business segments
    • Exhibit 146: Daikin Industries Ltd. - Key news
    • Exhibit 147: Daikin Industries Ltd. - Key offerings
    • Exhibit 148: Daikin Industries Ltd. - Segment focus
  • 12.11 Data Aire Inc. 
    • Exhibit 149: Data Aire Inc. - Overview
    • Exhibit 150: Data Aire Inc. - Product / Service
    • Exhibit 151: Data Aire Inc. - Key offerings
  • 12.12 Delta Electronics Inc. 
    • Exhibit 152: Delta Electronics Inc. - Overview
    • Exhibit 153: Delta Electronics Inc. - Business segments
    • Exhibit 154: Delta Electronics Inc. - Key offerings
    • Exhibit 155: Delta Electronics Inc. - Segment focus
  • 12.13 Mitsubishi Electric Corp. 
    • Exhibit 156: Mitsubishi Electric Corp. - Overview
    • Exhibit 157: Mitsubishi Electric Corp. - Business segments
    • Exhibit 158: Mitsubishi Electric Corp. - Key news
    • Exhibit 159: Mitsubishi Electric Corp. - Key offerings
    • Exhibit 160: Mitsubishi Electric Corp. - Segment focus
  • 12.14 Nortek Inc. 
    • Exhibit 161: Nortek Inc. - Overview
    • Exhibit 162: Nortek Inc. - Product / Service
    • Exhibit 163: Nortek Inc. - Key offerings
  • 12.15 Schneider Electric SE 
    • Exhibit 164: Schneider Electric SE - Overview
    • Exhibit 165: Schneider Electric SE - Business segments
    • Exhibit 166: Schneider Electric SE - Key news
    • Exhibit 167: Schneider Electric SE - Key offerings
    • Exhibit 168: Schneider Electric SE - Segment focus
  • 12.16 STULZ GmbH 
    • Exhibit 169: STULZ GmbH - Overview
    • Exhibit 170: STULZ GmbH - Product / Service
    • Exhibit 171: STULZ GmbH - Key offerings
  • 12.17 Vertiv Holdings Co. 
    • Exhibit 172: Vertiv Holdings Co. - Overview
    • Exhibit 173: Vertiv Holdings Co. - Business segments
    • Exhibit 174: Vertiv Holdings Co. - Key news
    • Exhibit 175: Vertiv Holdings Co. - Key offerings
    • Exhibit 176: Vertiv Holdings Co. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 177: Inclusions checklist
    • Exhibit 178: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 179: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 180: Research methodology
    • Exhibit 181: Validation techniques employed for market sizing
    • Exhibit 182: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 183: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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