The data center cooling market is projected to grow from USD 9.4 billion in 2020 to USD 15.7 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. The major reasons for the growth of the data center cooling market include improving efficiency in data centers, rising spending on data centers, and significant growth in number of data centers and their power density. Furthermore, factors like increasing demand for cost-effective data center solutions, and the rising significance of eco-friendly data center solutions are also responsible for driving the demand for data center cooling market.
North America is projected to lead the data center cooling during the forecast period. Factors like presence of large companies, such as Facebook, Google, Amazon, Microsoft, and Twitter, in this region, along with increasing pressure from federal authorities on installing energy-efficient solutions for data centers are estimated to drive the data center cooling market in North American region.
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), and Munters Group AB (Sweden) are the key players in data center cooling market.