Data Center Cooling Market Size, Demand, Growth and Industry Trends 2024-2032
Data Center Cooling Industry Summary: The global data center cooling market size reached USD 15.2 Billion in 2023. The market is expected to reach USD 46.6 Billion by 2032, exhibiting a growth rate (CAGR) of 12.8% during 2024-2032. Asia Pacific leads the market, accounting for the largest data center cooling market share. Air conditioning accounts for the majority of the market share in the solution segment due to its versatility and scalability. Installation and deployment hold the largest share in the data center cooling industry. Room-based cooling remains a dominant segment in the market as it is cost-efficient and easy to implement and scale. Liquid-based cooling represents the leading cooling technology segment. Enterprise data centers exhibit a clear dominance in the market. IT and telecom account for the majority of shares in the data center cooling industry. The increasing requirement for cloud computing and data centers is a primary driver of the data center cooling market.