The global data centre cooling market will experience significant growth, reaching a value of $12.64 billion by 2028, according to a new market research.
The report by Arizton Advisory & Intelligence, a market research firm, predicts that this represents an estimated opportunity worth $65 billion over the next six years across markets including Nigeria.
Across the globe, including Africa, where the Nigerian market came under focus, operators now seek cost-effective and sustainable solutions to improve their cooling systems while conserving space and reducing power consumption.
“Cooling systems account for 15% to 25% of the total investments in data centre construction. With a focus on carbon neutrality, operators are seeking innovative cooling solutions that consume less power, offer higher efficiency, and reduce carbon emissions. Many data centre operators have already adopted energy-efficient cooling infrastructure, leading to up to 50% reduction in power consumption. “
Data centre cooling market insights
The report highlights the increasing demand for cooling systems in data centres, driven by the growing adoption of artificial intelligence (AI) and machine learning (ML) applications. Data centre operators are increasingly deploying self-built data centres to meet the rising demand, which has led to a surge in the need for efficient cooling infrastructure.
Cooling systems account for 15% to 25% of the total investments in data centre construction. With a focus on carbon neutrality, operators are seeking innovative cooling solutions that consume less power, offer higher efficiency, and reduce carbon emissions. Many data centre operators have already adopted energy-efficient cooling infrastructure, leading to up to 50% reduction in power consumption.
However, the Arizton Advisory & Intelligence report notes that challenges such as increased water consumption and power usage due to higher rack capacities have further driven the demand for efficient cooling systems in the global data centre cooling market.
The Arizton Advisory & Intelligence report provides valuable insights into the market, including comprehensive market size estimations, revenue growth projections, and key industry trends. It also highlights the key players in the data centre cooling infrastructure market, such as Airedale International Air Conditioning, Rittal, Schneider Electric, STULZ, and Vertiv, among others.
The North American region leads the global data centre industry, with early adoption of innovative technologies and substantial investments from colocation service providers, hyperscale data centre operators, enterprises, and government agencies. The United States dominates the data centre cooling market in North America, followed by Canada. These countries have witnessed significant investments in data centre facilities and redundant power backup infrastructure.
Moreover, Canada is emerging as a promising market due to its renewable energy sources and low average power costs.
In 2022, authors of the report say, “the US accounted for around 25% of the data centre investments worldwide regarding the number of facilities and emerged as one of the largest contributors to the global data centre power market. Virginia, Texas, and California are the major markets for data centre operations, followed by Illinois, Georgia, Nevada, and Oregon. Canada is an upcoming market owing to the accessibility to renewable energy sources and average power costs of around $0.05 per kWh. Ontario is a data centre hub in Canada, followed by Montreal, with abundant availability of renewable energy.”
The report further explores cooling techniques, tier standards, and geographical analysis, providing a comprehensive understanding of the market dynamics and opportunities.
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