According to a new research study, the data centre cooling market size is projected to reach $25,552.2 million by 2028 from $10,217.0 million in 2021. The expected growth is at a compound annual growth rate (CAGR) of 14.0 per cent during 2021–2028.
As data centres are among the largest consumers of electricity worldwide, with high cooling costs accounting for a considerable portion of the total energy consumption, owners have been keen to address the cost issues by deploying economical and effective cooling solutions. The report found that large data centres have been able to curb operational and capital cooling expenses using chiller-less data centres that use outer air for cooling function. Similarly, the evaporative method, which is also known as cooling tower, was found to be popular among data centres as it controls temperature by exposing warm air to water. A cooling tower is generally used to bring down the temperature of a water stream by removing heat from it and discharging it into the atmosphere. This system is extremely energy-efficient, but it requires water in large volumes. Data centre cooling solutions such as economisers were also found to be popular, as they take advantage of climatic conditions for cooling the data centres, thereby lowering the energy and cooling costs. Such developments are boosting the use of data centre cooling solutions.
The report, entitled data centre cooling market forecast to 2028 – COVID-19 impact and global analysis, was completed by the insight partners. It focuses on the leading companies in the data centre cooling market including Airedale Air Conditioning, Black Box Corporation, Emerson Electric, Modine Manufacturing Company, Nortek Air Solutions, Schneider Electric, Trane and Vertiv Group.