According to the latest report by IMARC Group, titled “Data Center Cooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global data center cooling market reached a value of US$ 11.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 14.4% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Data center cooling refers to a system of techniques, tools, equipment, and processes that help maintain environmental conditions necessary for the proper and smooth functioning of information technology (IT) equipment. It also assists in minimizing the heat dissipation of equipment by transferring the excess heat into the external atmosphere. It improves the overall efficiency and performance of the system by optimizing the airflow path and reducing downtime caused due to overheating. It is currently widely adopted by data center operators as it is environment-friendly, cost-effective, and energy-efficient.
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Market Trends:
Increasing construction of data centers worldwide to store massive amounts of data is one of the key factors creating a positive outlook for the market. Apart from this, the rising demand for high computing performance, artificial intelligence (AI), internet of things (IoT), cloud-based services, and other digital technologies is contributing to the market growth. Moreover, governing agencies of various countries are implementing environmental regulations to eliminate hazardous gas emissions and improve the overall power consumption efficiency of data center operations, which is anticipated to drive the market.
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List of Key Companies Covered in this Market Report:
Breakup by Solution:
Breakup by Services:
Breakup by Type of Cooling:
Breakup by Cooling Technology:
Breakup by Type of Data Center:
Breakup by Vertical:
Breakup by Geography:
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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