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| ![]() Data Center Cooling Market Size to Reach USD 49.53 Billion in 2032The Data Center Cooling market was valued at USD 15.28 billion in 2024 and is expected to register a revenue CAGR of 16.2%.
Global data center capacity is projected to expand rapidly, with annual demand expected to grow by 19% to 22% between 2023 and 2030, potentially reaching between 171 and 219 gigawatts (GW) by the end of the decade. However, supply chain disruptions and extended equipment lead times are posing a significant challenge to the revenue growth of the data center cooling market. Furthermore, global logistics uncertainties and escalating material costs are compelling vendors to defer or reduce planned infrastructure investments. Segments Market Overview and Growth Insights: Based on the cooling type, the data center cooling market is segmented into air cooling and liquid cooling. The liquid cooling segment is expected to experience rapid revenue growth over the forecast period, driven by the increasing demand for High-Performance Computing (HPC), Artificial Intelligence (AI) workloads, and the expansion of hyperscale data centers. Regional Market Overview and Growth Insights: North America held the largest revenue share in 2024, driven by a high concentration of hyperscale data centers and the rapid adoption of cloud computing, artificial intelligence, and big data workloads, particularly in the U.S. and Canada. Data centers are expected to contribute approximately 44% of the growth in U.S. electricity demand through 2028 and could consume up to 9% of the country's total power supply by 2030. Competitive Landscape and Key Competitors The Data Center Cooling market is characterized by a fragmented structure, List of major players included in the market report are: Asetek Inc., Vertiv Holdings Co., Iceotope, Schneider Electric, Green Revolution Cooling, STULZ GMBH, LiquidStack, ABB Ltd, Huawei Technologies, Munters, Usystems, Asperitas, Submer, Lennox, and Nortek Air Solutions. Major Strategic Developments By Leading Competitors: LG Electronics: Get a preview of the complete research study: https://navistratanalytics.com/ End
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