There are very few industries experiencing double digit growth but the data centre cooling market is growing at a Compound Annual Growth Rate (CAGR) of 12.5 per cent.
A report released this month by ResearchandMarkets.com said the market was valued at $US8.07 billion in 2019 and is set to top $US16.62 billion by 2025.
“There has been a surge in the number of data centres due to high computational requirements by AI and media applications. Furthermore, the growth is going to be fuelled by the adoption of edge computing and the increase in the number of IoT devices,” the report said.
“The increasing construction of hyperscale facilities with a power capacity of over 50 MW will fuel the need for innovative infrastructure in the market over the next few years globally in developed countries.”
While data centres account for two to five per cent of greenhouse gas emissions, cooling systems are responsible for almost 40 per cent of the power consumption in a data centre.
The research firm said companies are trying to tackle this issue by setting up green data centres which use free air cooling instead of traditional air conditioners.
There has certainly been plenty of activity in this space in recent weeks. For example, in the UK last week Mitsubishi Electric launched a new range of VRF-based, close-coupled, inverter-driven precision air conditioning models, designed specifically for business-critical IT environments.
The new Multi Density system is ideal for data centres.
The R410A system is said to be ideal for high density racks and blade server cooling in data centres.
Locally, DCI Data Centres has secured development approval for a new $400 million data centre in Sydney’s Eastern Creek, which will deliver 36 megawatts (MW) to the region.
The data centre, dubbed SYD02, will be operational in 2022.
In August 2020, the company also announced development approval for its second data centre in Adelaide. The Adelaide 2 data centre opens later this year.