All Reports
2Q 2023

Cooling Needs for Data Centers

Global Data Center Cooling: Thermal Management Equipment Market Analysis and Forecast, 2023-2032

DCs operate 24/7 because data is always needed. Thus, the power used to cool the server runs non-stop and accounts for a vast amount of energy consumption that is directly related to operating costs and energy bills. The market opportunity for DC cooling is expected to grow with these high cooling needs. Guidehouse Insights expects the global market revenue for DC thermal management to grow from $8.7 billion in 2023 to $27.4 billion in 2032, at a compound annual growth rate of 13.6%.

According to the International Energy Agency, with internet users having more than doubled worldwide since 2010, demand for digital services has been growing rapidly. Growing demand for data, support for regional new data center (DC) construction, and expanding green DC demand for sustainability will significantly increase the need for new and retrofitted DCs—and with it the market opportunity for cooling them.

This study analyzes the global market for DC cooling in three key segments: data center infrastructure management (DCIM) & sensor, air cooling, and liquid cooling. It includes market forecasts for DC types (hyperscale versus non-hyperscale), efficiency (efficient versus conventional), and construction types (new versus retrofit). It provides an analysis of key technologies, market issues, the competitive landscape, and industry activities such as business cases and opportunities associated with DC cooling solutions. Global market forecasts extend through 2032 and cover five global regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Pages 38
Tables | Charts | Figures 41
  • What are the primary market trends for DC cooling, globally and regionally?
  • Which companies are pushing this market forward—and why?
  • What types of technologies exist for DC cooling?
  • What are the emerging technologies for DC cooling, and what are their pros and cons?
  • Which technologies and environments need to be considered?
  • What are the business cases in DC cooling?
  • IT companies and service providers
  • DC service providers, including cloud computing
  • Government officials and policymakers considering digital infrastructure investment
  • Utilities
  • DC equipment providers
  • HVAC companies
  • Non-governmental organizations
  • Investor community
  • Real estate service providers

1. Executive Summary

1.1   Introduction

1.2   Market Forecast

2. Market Issues

2.1   Introduction

2.2   Drivers

2.2.1   High DC demand

2.2.1.1   Active Funding and Business

2.2.2   Government Support for DC

2.2.3   Technology Advances

2.2.3.1   Monitoring and Control

2.2.3.2   Liquid Cooling

2.2.3.3   Reducing Dependence on the Local Power Grid

2.2.3.4   Many other technologies

2.2.4   Sustainability

2.3   Barriers

2.3.1   High Price of Efficient Cooling

2.3.2   Strict Regional Regulations to New DC construction

2.3.3   New DC Construction NIMBYism

2.3.4   Disrupted Supply Chain

3. Industry Value Chain

3.1   DC Cooling industry

3.1.1   Merger and Acquisition Activities

3.1.2   Investment Activities

3.1.3   Partnership and Collaboration Activities

4. Market Forecasts

4.1   Forecast Methodology

4.2   Forecast Scope

4.2.1   Efficient Technology Market Forecast Approach

4.3   Market Overview

4.4   Forecasts by Regions

4.4.1   North America

4.4.2   Europe

4.4.3   Asia Pacific

4.4.4   Latin America

4.4.5   Middle East & Africa

4.5   Market Forecasts by DC Size, Efficiency, and Construction Type

4.5.1   DC Size

4.5.2   Efficiency

4.5.3   Construction Type

5. Conclusions and Recommendations

5.1   Recommendations

5.1.1   Government Officials and Policymakers

5.1.2   DC Service Providers

5.1.3   Utilities

5.1.4   Engineers and Developers

5.1.5   Manufacturers

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study, Sources and Methodology, Notes

  • DC Thermal Management Equipment Revenue by Region, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, North America: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Europe: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Asia Pacific: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Latin America: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Middle East & Africa: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, World Markets: 2023-2032
  • DC Thermal Management Equipment by Construction Type, World Markets: 2023-2032
  • Technical Setup to Run White Space Cooling Optimization
  • Example of DC Airflow Map Generated by SensorCFD
  • Liquid-Immersion Cooling: Single-Phase, Left vs. Two-Phase, Right
  • Cooling Pod Solution from Alfa Laval
  • Onsite Power Generation with Hydrogen Fuel Cell (ECL Modular DC Concept)
  • Green DC Project Concept in the Middle East by Engie




  • DC Thermal Management Equipment Revenue by Region, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, North America: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Europe: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Asia Pacific: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Latin America: 2023-2032
  • DC Thermal Management Equipment Revenue by Equipment Type, Middle East & Africa: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, North America: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, Europe: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, Asia Pacific: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, Latin America: 2023-2032
  • DC Thermal Management Equipment Revenue by Data Center Size, Middle East & Africa: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, North America: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, Europe: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, Asia Pacific: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, Latin America: 2023-2032
  • DC Thermal Management Equipment Revenue by Efficiency, Middle East & Africa: 2023-2032
  • DC Thermal Management Equipment by Construction Type, World Markets: 2023-2032
  • DC Thermal Management Equipment Revenue by Construction Type, North America: 2023-2032
  • DC Thermal Management Equipment Revenue by Construction Type, Europe: 2023-2032
  • DC Thermal Management Equipment Revenue by Construction Type, Asia Pacific: 2023-2032
  • DC Thermal Management Equipment Revenue by Construction Type, Latin America: 2023-2032
  • DC Thermal Management Equipment Revenue by Construction Type, Middle East & Africa: 2023-2032
  • DC Cooling Value Chain and Business Scope
  • Technology Segment
Choose a License Type
$3,950 USD
$5,925 USD
Industry Insight Jul 07, 2023
Emerging Market Opportunities for Green Data Centers