Global data center cooling market is projected to register a CAGR of 14.4% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.

The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.

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In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei's global ICT exports by 228.2% year over year since 2009, while Sierra Leone's global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.

It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It's interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.

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Market Segmentation:

Global Data Center Cooling Market By Type (Enterprise Data Center, Edge Data Center), Solutions (Air Conditioning, Chilling Units, Cooling Towers, Economizer System, Liquid Cooling System, Computer Room Air Conditioning (CRAC) & Computer Room Air Handler(CRAH), Control Units, Others), Service (Consulting & Training, Installation & Deployment, Maintenance & Support), Cooling Type (Room Based Cooling, Rack Based Cooling, Row Based Cooling), Organization Size (Large Organization Size, Small & Medium Organization), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary, Rest of Europe, China, India, Japan, Taiwan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel and Rest of Middle East & Africa) Industry Trends and Forecast to 2027

Some of the major factors contributing to the growth of the global data center cooling market are:

- Increasing count of the data center- Rising demand for the cost saving solution

Market Players

- Schneider Electric- Vertiv Group Corp- STULZ GMBH- Delta Power Solutions- nVent- Daikin Applied (A Subsidiary of DAIKIN INDUSTRIES, Ltd.)- Airedale Air Conditioning (A Subsidiary of MODINE MANUFACTURING COMPANY)- Nortek Air Solutions, LLC- Asetek, Inc- Eaton- FUJITSU- Rittal GmbH & Co. KG- 3M- ALFA LAVAL- Coolcentric- Instor- Submer- EcoCooling- BladeRoom Group Ltd- Grundfos Pumps Corporation (A Subsidiary of GRUNDFOS)- Black Box Corporation

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Global Data Center Cooling Market Size Expected to Skyrocket in the Years Ahead | Schneider Electric, Vertiv G - openPR