What is the growth forecast for the data center cooling market?
The global data center cooling market is expected to grow at a CAGR of 14.7% from 2024 to 2031, fueled by factors like cloud computing, big data, and IT infrastructure expansion.
What are the different types of data center cooling techniques?
Air-based cooling (traditional AC) and liquid-based cooling (more efficient, lower power) are the main types. Liquid cooling is gaining traction due to its environmental and cost-saving benefits.
Who are the major players in the data center cooling market?
Schneider Electric, Vertiv, STULZ, Rittal, and Airedale Air Conditioning are some major players. Companies are actively pursuing mergers, expansions, and new product launches to stay competitive.
Which industries drive the data center cooling market?
Telecom, IT, and BFSI currently lead, with IT dominating due to the booming cloud services market. Healthcare, retail, and energy are also contributing to market growth.