Brandessence Market Research has published a new report
titled, Global Data Centre Cooling Market Size, Trends, Competitive,
Historical & Forecast Analysis, 2021-2028.
The report says that the growing need for optimising
infrastructure budgets to achieve business goals will drive the growth of the
data centre cooling market. The market was valued at $10.42bn in 2021 and is
expected to reach $21.51bn by 2028, with a CAGR of 10.9% over the forecast
Data centre operators use cooling solutions to maintain the
temperature in data centres at a level that is within permissible limits. Data centres
have to work in an efficient manner all day long to process a lot of data. In
terms of data processing, the equipment does the job of dissipating heat energy
and this generates a major need for cooling in order to prevent damage which
may happen to equipment by overheating.
There are two kinds of systems – one is water-based and the
other is air-based. Air-based cooling circulates the air in the data centre to
maintain the cooling. In water-based cooling, the water is used and is further
segmented into immersion cooling along with the water-cooled racks, where the
flow of the liquids is across the hot components for maintaining temperature.
The telecoms and IT segments are dominant in the global data
centre cooling market because of the rise in the levels of penetration and
digitalisation of these technologies, such as the cloud and big data. The
technologies pose a major demand for the storage of data and its availability.
These enterprises are demanding storage that is better, along with better IT
facilities and connectivity for catering to these demands in an efficient
manner. Furthermore, the proliferation of smart devices and consumer demands
for the safeguarding of information and financials has been expected to propel
the demand for cooling equipment. The industries have been adopting solutions
that are highly efficient as well as beneficial in terms of cost-efficiency.
There has been an increase in the number of data centres, and
the use of the latest technology has increased. With the increasing number of
data centres, there is a demand for data centre cooling solutions. This is
expected to boost the growth of the global data centre cooling market. The data
centre cooling market is expected to reach unprecedented levels in this period
of forecast. Room-based cooling was the largest in the data centre cooling
market in terms of market share, and this is because of its effective cooling
which is achieved at a lower cost. This has been estimated to maintain a larger
market share because of the ducts and pipes in comparison to the other types of
Air-based cooling and air conditioners maintain the
temperature to permissible limits. The cooling which is room-based has been
gaining mileage because of its cooling in an energy-efficient manner.
In terms of regions, North America had been dominating the
market size overall because of the advantages it has in terms of the
advancements in technology and the recent developments that pertain to this
market. Furthermore, companies have been focusing on the implementation of environmentally
friendly and cost-effective cooling, which has fuelled the growth of the
market. The region of Asia Pacific has been expected to see a good amount of
growth because of the penetration of technology in its population.