Delray Beach, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- 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% during the forecast period, as per the recent study by MarketsandMarkets. The market is witnessing robust growth worldwide due to increasing demand for cost-effective data center solutions and the rising importance of eco-friendly data center solutions.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1038

Browse in-depth TOC on "Data Center Cooling Market”

246 - Market Data Tables

49 - Figures

261 - Pages

List of Key Players in Data Center Cooling Market:

Asetek (Denmark)STULZ GmbH (Germany)Coolcentric (US)AdaptivCOOL (US)Airedale International (UK)Rittal GmbH & Co. KG (Germany)Nortek Air Solutions, LLC (US)Schneider Electric SE (France)Vertiv Holdings Co. (US)Black Box Corporation (US)Munters Group AB (Sweden) Drivers, Restraints, Opportunities and Challenges in Data Center Cooling Market:

Driver: Number of Data Centers and their EfficiencyRestraint: High investment costsOpportunity: Advanced liquid cooling systems, modular cooling solutions, and cutting-edge cooling technologies.Challenge: Cooling issues during power outage Key Findings of the Study:

Row/rack-based cooling systems are expected to experience the fastest growth rate in the cooling segment from 2023 to 2030.Research and Academic Sector Poised for Highest Growth in Data Center Cooling Market between 2023 and 2030 among various industry segments.Based on data center type, mid-sized data centers look to expand faster in the coming years.Asia Pacific region is projected to register the fastest CAGR during the forecast period, driven by rapid digitalization across India, Japan, and China. Get Sample Pages: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1038

By component, the solution segment of the data center cooling market is estimated to dominate the global data center cooling market. Energy-efficient data center air cooling solutions and liquid cooling solutions with lower carbon footprints are witnessing a growth in demand across all industries due to their cost-effectiveness and efficient performance.

By solution, the air conditioning segment is projected to lead the global data center cooling market, during the forecast period. The trend toward higher data center density, driven by technological advancements and the rise of high-performance computing (HPC), has led to increased heat generation. Air conditioning systems are crucial in efficiently cooling densely packed server racks and preventing equipment from overheating.

By services, the maintenance & support services segment is projected to dominate the global data center cooling market, during the forecast period. The market's growth is supported by the increasing adoption of eco-friendly data center solutions and notable government measures to enhance energy efficiency in data centers. The demand for support and maintenance services is expected to rise as businesses and organizations seek to optimize their data center operations and reduce their environmental impact. As a result, the maintenance and support segment will likely experience significant expansion, driven by the ongoing need for reliable and sustainable cooling solutions in the data center industry.

Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1038

By type of cooling, the room-based cooling segment is projected to lead in the global data center cooling market, during the forecast period. The growth of larger and denser data centers, driven by the rising demand for computing power and storage capacity, contributes to the demand for room-based cooling solutions. These solutions are designed to manage the overall climate within the data center space, ensuring optimal conditions for IT equipment.

By data center type, a large data center segment is projected to dominate the global data center cooling market, during the forecast period. Large data centers often have high server density, with numerous racks and servers densely packed within the facility. This high-density configuration increases the heat load, necessitating sophisticated and scalable cooling solutions to prevent thermal issues and ensure optimal performance.

By industry, the IT & telecom segment is projected to dominate the global data center cooling market, during the forecast period. The continuous rise in data traffic, driven by the proliferation of digital services, cloud computing, and the Internet of Things (IoT), is a significant factor. IT and telecom data centers need robust cooling solutions to handle the escalating heat generated by high-density server equipment.

Browse Adjacent Markets: Equipment Machine and Tooling Market Research Reports & Consulting

Related Reports:

Wire & Cable Market - Global Forecast to 2029Ammonium Sulfate Market - Global Forecast to 2029Thermo Compression Forming Market - Global Forecast to 2029Tire Recycling Market - Global Forecast to 2029Ammonia Market - Global Forecast to 2029 CONTACT: About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar

MarketsandMarkets Inc.

1615 South Congress Ave.

Suite 103, Delray Beach, FL 33445

USA : 1-888-600-6441

UK +44-800-368-9399

Email: sales@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com/