US and Europe Data Center Cooling Market By Solution (Air Conditioning, Chilling Units, And Others), By Cooling Type (Room-Based Cooling And Row/Rack-Based Cooling), By Industry Vertical (Bfsi, It & Telecom, And Others) and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Report Overview

The US and Europe Data Center Cooling Market is projected to be US$ 5,993.0 Mn in 2021 to reach US$ 9,941.7 Mn by 2029 at a CAGR of 6.5%. This growth is primarily driven by the increasing demand for efficient cooling solutions, crucial for supporting the high-density server configurations and intensive computational workloads prevalent in modern data centers.

Key factors propelling this market include the expansion of cloud computing and the escalating needs for energy-efficient and sustainable cooling solutions. As data centers evolve, there is a heightened focus on optimizing cooling technologies to reduce energy consumption and carbon emissions, aligning with broader environmental sustainability goals.

The demand for data center cooling solutions is on the rise, particularly for advanced cooling systems that can effectively manage the heat generated by high-density servers. This demand is creating significant opportunities for the development of innovative cooling technologies that not only improve energy efficiency but also reduce operational costs. There is a growing trend towards the adoption of liquid cooling solutions and eco-friendly refrigerants as part of efforts to mitigate the environmental impact of data centers​.

Technological advancements are a cornerstone of the data center cooling market’s evolution. The integration of smart technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) for real-time monitoring and management of cooling systems is becoming standard. These technologies enhance the adaptability of cooling operations to the dynamic demands of modern data centers. Moreover, developments in modular and scalable cooling solutions enable data centers to expand their capacity efficiently and with minimal disruption

US & Europe Data Center Cooling Market Revenue (US$ Mn), 2019–2029

Expanded use of 4G network and upcoming offerings for 5G, owing to the growing customer demand is expected to propel a large load on the IT & Telecom sector across the globe. This is expected to further increase demand for data centers, thus creating lucrative opportunities for key players in the market.

US & Europe Data Center Cooling Market Attractiveness Index by Solution, 2019

The US and Europe data center market is segmented on the basis of solution type, cooling type, industry vertical, and region. Among solution type, air conditioning is expected to gain the highest share, whereas the chilling unit is likely to be the fastest rising market. Based on cooling type, room-based data center cooling is estimated to a maintain large share owing to use of pipes and ducts. IT and telecom among the industrial verticals have gained a large share owing to constant increasing demand for communication and IT services.

North America is dominating the overall data center cooling owing to technological improvements and recent developments relating to the market. Asia Pacific is projected to gain prominence over forecasted period owing to increase in telecom segment, which may be attributed to the increase in service providers for IT infrastructure services who operate and manage critical business information and applications.

The research report on the US and Europe data center cooling market includes profiles of some of the major companies such as Leggett & Platt Incorporated, DE-STA-CO, Bettinelli Officine Meccaniche (Bettinelli Mechanical Office), RNA Automation Ltd., Stelron Components, Inc., Motion Index Drives Inc., CamField Engineers, Sankyo Automation, Italplant s.r.l., and Others.

Key Market Segments:

Based on by Solution:

• Air Conditioning
• Chilling Units
• Cooling Towers
• Economizer Systems
• Liquid Cooling Systems
• Other Solutions

Based on by Cooling Type:

• Room-Based Cooling
• RoW/Rack-Based Cooling

Based on by Industry Vertical type:

• Bfsi
• IT & Telecom
• Government & Defense
• Retail
• Healthcare
• And Other Industry Verticals

Key Market Players included in the report:

• Leggett & Platt Incorporated
• DE-STA-CO
• Bettinelli Officine Meccaniche (Bettinelli Mechanical Office)
• RNA Automation Ltd.
• Stelron Components Inc.
• Motion Index Drives Inc.
• CamField Engineers
• Sankyo Automation
• Italplant s.r.l.
• Others

For the US & Europe Data Center Cooling Market research study, the following years have been considered to estimate the market size: