The global data centre cooling market grew from $US12.61 billion in 2022 to $14.56 billion in 2023.
According to ResearchAndMarkets.com the market grew at a Compound Annual Growth Rate of 15.4 per cent.
The research firm’s latest report said the market is expected to grow to $26.75 billion in 2027 at a CAGR of 16.4 per cent.
The data centre cooling market report includes revenues earned by providers of computer room air handler (CRAH), computer room air conditioner (CRAC), calibrated vector unit, cold aisle and hot aisle design.
“Asia-Pacific was the largest region in the data centre cooling market in 2022 followed by North America,” the report said.
“Green initiatives for eco-friendly data centre solutions are driving this growth. Commitments to novel green and renewable solutions, such as green electricity, water reclamation, zero water cooling systems, recycling, and waste management, are being used to build the most sustainable data centres.”
The research report said the use of computer room air handling (CRAH) is shaping the data centre cooling market. A CRAH employs fans, cooling coils, and a water-chiller system to remove heat, unlike a computer room air conditioning (CRAC) machine, which uses mechanical refrigeration to cool the air, brought to a data centre.