The global data center cooling market is projected to reach $107.13 billion by 2034 from $21.50 billion in 2023, growing at a CAGR of 15.72% during the forecast period 2024-2034.
The Europe floating data center market, valued at $4.33 million in 2023, is expected to reach $14.73 million by 2033, exhibiting a robust CAGR of 13.03% during the forecast period 2023-2033.
The global switchgear monitoring system market for data centers was valued at $1,431.0 thousand in 2023 and is expected to reach $5,334.1 thousand by 2034, growing at a CAGR of 12.45% during the forecast period 2024-2034.
The global small modular reactor market for data centers is anticipated to be valued at $38.26 million in 2028 and is expected to reach $278.35 million by 2033, exhibiting a robust CAGR of 48.72% during the forecast period 2028-2033.
The global data center liquid cooling market, valued at $4,457.2 million in 2023, is expected to reach $39,961.3 million by 2033, exhibiting a robust CAGR of 24.53% during the forecast period 2023-2033.
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The global data center refrigerant market is expected to grow from $471.2 million in 2022 to $1,215.1 million by 2032, at a CAGR of 8.59% during the forecast period 2023-2032.
The global edge data center market, valued at $16,705.2 million in 2023, is expected to reach $95,386.3 million by 2033, exhibiting a robust CAGR of 19.03% during the forecast period 2023-2033.
The global floating data center market, valued at $224.2 million in 2023, is expected to reach $732.60 million by 2033, exhibiting a robust CAGR of 12.57% during the forecast period 2023-2033.
The global AI and semiconductor - a server GPU market accounted for $15.4 billion in 2023 and is expected to grow at a CAGR of 31.99% and reach $61.7 billion by 2028.
The global data center dielectric fluid market, valued at $76.71 million in 2023, is expected to reach $338.80 million by 2028, exhibiting a robust CAGR of 34.59% during the forecast period 2023-2028.
The global data center cooling component market is a vital and evolving sector within the broader data center industry, essential for maintaining the optimal performance and reliability of data centers.
The Asia-Pacific data center liquid cooling market (excluding China) is estimated to reach $2,609.1 million in 2027.
The global data center liquid cooling market was valued at $2.79 billion in 2021, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027.
The global data center cooling market accounted for $17.82 billion in 2021 and is expected to grow at a CAGR of 16.99% and reach $44.52 billion by 2027.
The global carbon neutral data center market was valued at $5.02 billion in 2021 and is projected to reach $16.53 billion in 2027, growing at a CAGR of 22.19% during the forecast period 2022-2027.
The global data center liquid cooling market is expected to reach $7,723.6 million by 2026, with a CAGR of 27.31% during the forecast period 2021-2026.
The carbon neutral data center market is projected to grow from $3.46 billion in 2020 to $9.42 billion by 2025, at a CAGR of 22.17% from 2020 to 2025.
The global data center liquid cooling market was valued at $2.79 billion in 2021, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027.
The global data center cooling market accounted for $17.82 billion in 2021 and is expected to grow at a CAGR of 16.99% and reach $44.52 billion by 2027.
The global data center liquid cooling market is expected to reach $7,723.6 million by 2026, with a CAGR of 27.31% during the forecast period 2021-2026.
The carbon neutral data center market is projected to grow from $3.46 billion in 2020 to $9.42 billion by 2025, at a CAGR of 22.17% from 2020 to 2025.
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Data Center
Data Center Market Research Report
The data center market has grown substantially over the past decade, driven by the exponential increase in data generation and the rising demand for cloud services, big data analytics, and IoT applications. Data centers are critical infrastructures that house computing resources, storage systems, and networking equipment, enabling businesses and organizations to manage, process, and store vast amounts of data efficiently.
Advancements in technologies such as artificial intelligence, machine learning, and edge computing are further propelling the demand for sophisticated data center solutions. Companies are increasingly investing in hyperscale data centers, which offer significant scalability and efficiency benefits. Moreover, the push towards digital transformation and the adoption of remote working models, accelerated by the COVID-19 pandemic, have underscored the importance of robust data center infrastructures.
Sustainability has become a key focus within the market, with a growing emphasis on energy-efficient data centers that utilize renewable energy sources. Governments and regulatory bodies are implementing stringent guidelines to reduce the carbon footprint of data center operations.
Multiple pivotal factors propel the data center market. Advanced data management solutions are required due to the exponential growth in data generation, which is being driven by the proliferation of IoT devices, cloud computing, and big data analytics. The growing number of digital transformation initiatives, as well as the shift to remote work, have increased demand for reliable, scalable data center infrastructure. Artificial intelligence, machine learning, and edge computing technologies have all contributed to market growth. Furthermore, the growing emphasis on sustainability and energy efficiency in data center operations, combined with favorable government regulations, encourages investment in green data centers. These drivers work together to ensure that the data center market continues to grow and innovate.
Hundreds of businesses in the data center market have relied on BIS Research’s insight reports to make critical decisions and achieve growth. Geographically, we see early adoption of advanced technologies in countries such as the USA, Germany, Netherlands, Japan, Canada, Switzerland, UK, France, and South Korea.
Our diverse customer base includes small enterprises, medium-scale operations, Fortune 50 companies, government organizations, venture capitalists, and renowned universities.
The future of the data center industry is poised to be heavily technology-driven, with advancements in autonomy and automation enhancing efficiency. BIS Research closely monitors the latest market developments. If you don't find a report that meets your needs, please contact us for a customized solution.
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