The data center cooling market size is expected to reach US$ 45.70 billion by 2031 from US$ 13.29 billion in 2023 to record a CAGR of 16.7% during 2023–2031.

NEW YORK, Oct. 15, 2024 /PRNewswire/ —  According to a new comprehensive report from The Insight Partners, the global data center cooling market is observing significant growth owing to increasing demand for compute-intensive workloads and rising investments in data centers.

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The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the data center cooling market size comprises a vast array of component, payment system, end user and geography which are expected to register strength during the coming years.

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Overview of Report Findings:

1.  Market Growth: The data center cooling market share was valued at US$ 13.29 billion in 2023 and is projected to reach US$ 45.70 billion by 2030; it is expected to register a CAGR of 16.7% during 2022–2030. 

2.  Technological Innovations: The future trend of AI-optimized cooling in the data center market is expected to gain traction in the coming years as organizations seek to efficiently manage excessive heat generated by using advanced technologies such as AI, machine learning, and edge computing. This trend is driven by the need to maintain optimal operating temperatures for high-density equipment, which is challenging for traditional cooling systems. AI-optimized cooling leverages artificial intelligence to dynamically monitor and adjust cooling systems in real-time, ensuring energy efficiency and hardware reliability in AI-driven data center environments. For instance, in 2024, companies such as Eaton introduced SmartRack modular data center solutions that integrate IT racks, cooling, and service enclosures, catering to the escalating need to incorporate machine learning, edge computing, and AI into the solutions. Additionally, in June 2024, Asetek and Fabric8Labs announced a partnership that might redefine the liquid cooling industry. At Computex 2024, these two innovative companies unveiled the AI-Optimized Cold Plate, a pioneering solution in liquid cooling technology designed to push the boundaries of performance and efficiency. As AI-optimized cooling continues to evolve, it is poised to play a paramount role in shaping the future of data center operations. It offers sustainable and efficient solutions for managing escalating thermal demands in modern data centers.

3.  Increasing Demand for Compute-Intensive Workloads: Various industries are incorporating AI and machine learning to enhance customer experience, bolster cybersecurity measures, and revolutionize their business processes. The deployment of these technologies and the optimization of their value necessitate robust infrastructure capable of handling increasingly complex workloads. The compute-intensive nature of AI model training has driven the evolution of hardware to meet the escalating demands of AI and other advanced applications. For instance, in April 2024, Lenovo announced a comprehensive new suite of purpose-built AI-centric infrastructure systems and solutions to advance Hybrid AI Innovation from edge to cloud. Lenovo is delivering GPU-rich and thermally efficient solutions intended for compute-intensive workloads across multiple environments and industries. In the financial services and healthcare industries, customers are managing massive data sets that require extreme I/O bandwidth, and Lenovo is providing the IT infrastructure solutions vital to the management of critical data. Across all these solutions is Lenovo TruScale, which provides the ultimate flexibility, scale, and support for customers to on-ramp demanding AI workloads completely as a service. In March 2024, NVIDIA announced the launch of NVIDIA Blackwell GPU architecture. The Blackwell GPU architecture is the world’s most powerful chip, packed with 208 billion transistors. It is manufactured using a custom-built 4NP TSMC process with two-reticle limit GPU dies connected by 10 TB/second chip-to-chip link into a single, unified GPU. When electricity passes through a semiconductor, it creates heat. The more powerful the chip, the higher the heat released, which necessitates the need for cooling solutions in data centers.

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4.  Rising Investments in Data Centers: Pressure to decarbonize data centers, climate change, unpredictable weather events, and the use of powerful computers are a few factors encouraging organizations to invest in cooling and energy-efficient technologies for data centers. The escalating demand for data center cooling solutions is fueled by the need for effective cooling technologies to maintain optimal operating conditions as these centers expand to accommodate increasing workloads and storage demands. The demand for data centers is increasing, prompting investments in companies that operate them. For instance, in January 2024, Vantage Data Centers, a global provider of hyperscale data center campuses, announced a US$ 6.4 billion equity investment led by investment channels managed by DigitalBridge Group, Inc., the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake—the global leader in technology investing. This substantial investment reflects the escalating demand for hyperscale data center campuses, which drives the need for advanced cooling solutions to maintain optimal operating conditions. These investments in data centers worldwide reflect the increasing demand for data center campuses, which drives the need for advanced data center cooling solutions to maintain optimal operating conditions. Thus, rising investments in data centers fuel the data center cooling market growth.

5.  Geographical Insights: North America dominated the data center cooling market share in 2023. Europe is the second-largest contributor to the global data center cooling market, followed by Asia Pacific data center cooling market.

Market Segmentation:

In terms of component, the market is segmented into chillers, air conditioning systems, heat exchangers, cooling towers, air handling units, humidifiers, and others. The air conditioning systems segment dominated the market in 2023.

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By cooling type, the market is categorized into room-based cooling, rack-based cooling, and row-based cooling. The room-based cooling segment dominated the market in 2023.Based on data center type, the data center cooling market is segmented into enterprise data center, colocation data center, wholesale data center, and hyperscale data center. The hyperscale data center segment dominated the market in 2023.In terms of industry vertical, the market is categorized into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. The IT & telecom segment dominated the market in 2023.The data center cooling market is segmented into five major regions: North America, Europe, Asia pacific data center cooling market, Middle East and Africa, and South and Central America.

Competitive Strategy and Development:

Key Players: A few major companies operating in the global data center cooling market include Asetek, Inc.; Fujitsu Ltd; Mitsubishi Corp; Rittal GmbH & Co KG; Schneider Electric SE; Stulz SpA; Trane Technologies Plc; Vertiv Group Corp.; Black Box Corporation; Carrier Global Corp; Aspen Systems, LLC.; Daikin Industries Ltd; Delta Electronics Inc; Danfoss AS; Alfa Laval AB; Hewlett Packard Enterprise Development LP; Boyd Corp; Evapco Inc; Motivair Corporation; and Madison Industries.Trending Topics: Data Center Cooling Fans, Data Center Colocation, Data Center Construction, Hyperscale Data Center, among others

Global Headlines on Data Center Cooling Market:

“Alliance Air, a subsidiary of Daikin Applied, a leading global commercial and industrial HVAC manufacturer, broke ground for the construction of a new energy-efficient manufacturing facility in Tijuana, Mexico, to support sustainable North America data center cooling market growth. This expanded facility allows the company to better serve customers in North America data center cooling market with a single supplier for end-to-end HVAC solutions. The expansion builds on the legacy of Alliance Air in Tijuana, which is also celebrating 20 years in the community and is now partnered with the 100-year legacy of industry leader Daikin Industries.””Vertiv announced a new portfolio of high-density data center infrastructure solutions to support the higher cooling and power requirements of the accelerated computing IT stack. The new Vertiv 360AI solutions are designed to accelerate AI adoption through pre-engineered infrastructure solutions, digitized management, and end-to-end service, resulting in up to 2x faster deployment compared to typical infrastructure installation.”

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“Mitsubishi Heavy Industries, Ltd. (MHI) developed a new 40kVA-class 12ft container-type data center with an immersion/air-cooled hybrid cooling system capable of simultaneously housing servers utilizing three types of cooling methods: immersion cooling (25kVA), air cooling (8kVA), and water cooling (8kVA). The newly developed data center was the successor to the container-type immersion cooling data center that has been under development since 2021. Servers with different cooling methods for a variety of applications (by power density) can be mounted in the unit simultaneously, accommodating a diverse range of servers and other devices for edge computing to process data at the periphery (edge) of computer networks.””STULZ, the global mission-critical air conditioning specialist, announced the launch of CyberCool CMU—an innovative new coolant management and distribution unit (CDU) that is designed to maximize heat exchange efficiency in liquid cooling solutions.”

In terms of revenue, North America dominated the data center cooling market share, followed by Europe and Asia pacific data center cooling market. The North America data center cooling market is segmented into the US, Canada, and Mexico. The US is anticipated to hold the largest data center cooling market share by 2031. Data centers in the US rely on a variety of cooling solutions to manage the substantial heat generated by the operation of millions of servers. The industry has traditionally used air-cooling methods, but there is a growing emphasis on more efficient and sustainable cooling technologies such as brazed plate heat exchangers, precision cooling units, direct air cooling, and liquid cooling technologies.

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Companies such as Alfa Laval, Schneider Electric, Munters, USystems, and STULZ are at the forefront of providing advanced cooling solutions for data centers. As the demand for effective data center cooling solutions continues to rise, the industry is exploring innovative technologies such as smart cooling systems using AI and machine learning (ML), geothermal cooling methods, and evaporative cooling to enhance sustainability and energy efficiency. For instance, GIGABYTE Technology, Giga Computing, a subsidiary of GIGABYTE, an industry leader in AI & HPC servers and an integrator for direct liquid cooling (DLC) & Immersion cooling technology, announced a range of advanced cooling products, a few of which were showcased at the SC23 event.

Conclusion:

Factors such as increased demand for compute-intensive workloads and increasing investments in data centers drive the data center cooling market. The market is expected to grow in the forecasted period owing to advancements in liquid cooling technologies and a rise in data center cooling robots. The rise in AI-optimized cooling is a key trend in the market. Moreover, the rising strategic initiatives taken by major companies, such as the collaboration between Intel Corporation and Submer to develop a solution for cooling chips with high Thermal Design Power (TDP), contribute to the growth of the market. Furthermore, the escalating need for energy-efficient and robust data center cooling solutions, coupled with the increasing penetration of the Internet; cloud computing; and technologies such as AI, IoT, and big data, are projected to fuel the adoption of data center liquid cooling. The market is also witnessing a greater use of high-performance computing (HPC), which is contributing to the demand for data center cooling solutions.

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The report from The Insight Partners, therefore, provides several stakeholders—including raw material suppliers, data center cooling manufacturers, system integrators, and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Data Center Physical Security Market Size and Forecast,” This report is designed to equip industry leaders, decision-makers, and security professionals with critical insights to navigate the evolving landscape of data center security.

LEWES, Del., Oct. 15, 2024 /PRNewswire/ — The Global Data Center Physical Security Market Size is projected to grow at a CAGR of 16.6% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 13.8 Billion in 2024 and is expected to reach USD 54.98 Billion by the end of the forecast period.

In an age where data breaches and physical threats present considerable hazards to data centers, the implementation of stringent physical security measures is imperative. This study examines the trends, challenges, and innovations influencing the Data Center Physical Security Market, offering a guide for organizations aiming to strengthen their infrastructure and protect their essential data assets.

Key Insights of the Report Include:

Market Analysis: A detailed evaluation of current market dynamics, growth drivers, and key restraining factors.Competitive Landscape: Insights into the top industry players and emerging disruptors, helping stakeholders identify competitive strategies and growth opportunities.Technological Advancements: A comprehensive overview of the latest security technologies, such as biometric systems, video surveillance, and access control systems, ensuring a holistic approach to protecting data centers.Regional Insights: Geographical breakdown of market opportunities across North America, Europe, Asia-Pacific, and other key regions, helping businesses target high-growth areas effectively.Future Outlook: A forward-looking analysis highlighting market forecasts and emerging trends that will define the industry’s evolution over the next decade.

Why This Report Matters for Industry leaders:

This report is indispensable for data center managers, C-level executives, IT security professionals, and facility managers looking to gain a competitive edge through improved physical security measures. Whether you’re seeking to enhance your security protocols or explore new investment opportunities in this growing market, this report is your ultimate guide.

Stay ahead of the curve in the ever-evolving Data Center Physical Security Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=34078

Browse in-depth TOC on “Global Data Center Physical Security Market Size“

202 – Pages
126 – Tables
37 – Figures

Report Scope

Global Data Center Physical Security Market Overview

Growing Cybersecurity Threats: As sophisticated cyberattacks proliferate, organizations are increasingly acknowledging the necessity for improved physical protection to safeguard data centers. Ensuring physical access control to these sites is essential for averting unlawful entrance, sabotage, or interference with vital systems. The evolution of cyber risks is anticipated to propel substantial growth in the Data Center Physical Security Market, driven by the demand for sophisticated physical security solutions, including biometric access and surveillance systems.

Expanding Data Center Footprint: The worldwide increase in cloud computing, edge computing, and IoT has resulted in the swift proliferation of data centers globally. The expanded footprint necessitates more robust physical security measures to protect the increasing number of high-value data centers. Companies are significantly investing in modern technologies such as perimeter intrusion detection and video surveillance, hence enhancing the Data Center Physical Security Market as they expand operations.

Regulatory Compliance Requirements: Rigorous data protection requirements, including GDPR and HIPAA, are compelling organizations to invest in physical security measures to achieve compliance. Noncompliance with these rules may lead to substantial penalties and harm to reputation. The expanding regulatory framework is propelling the implementation of secure access control systems and monitoring technologies, hence stimulating the growth of the Data Center Physical Security Market as firms strive to comply with industry-specific security standards.

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High Installation and Maintenance Costs: The advantages of sophisticated physical security systems are evident; nevertheless, their substantial installation and continuous maintenance expenses may be prohibitive for smaller businesses. This financial constraint hinders widespread adoption, especially for enterprises with limited budgets, hence impeding the overall growth of the Data Center Physical Security Market. Mitigating cost concerns by innovation or economical solutions may reveal further opportunities in this sector.

Integration Challenges with Existing Systems: Numerous enterprises have challenges in assimilating new physical security systems with their current infrastructure. Compatibility challenges between legacy systems and contemporary security solutions may lead to expensive and protracted installations. This difficulty impedes the smooth implementation of next-generation physical security solutions, constraining growth in the Data Center Physical Security Market as firms are reluctant to change.

Skilled Workforce Shortage: The implementation and oversight of sophisticated physical security systems necessitate a proficient workforce, and numerous areas are facing a deficit of competent individuals. The talent gap presents a considerable challenge, as companies encounter difficulties in locating specialists to manage and sustain advanced security solutions. The scarcity of accessible knowledge may impede the adoption and expansion of the Data Center Physical Security Market until the workforce aligns with technological improvements.

Geographical Dominance

North America exhibits geographical preeminence in the Data Center Physical Security Market owing to its substantial density of data centers and rigorous security laws. The region’s swift technical progress, along with heightened investments in data infrastructure, propels the implementation of sophisticated physical security measures. This dominance propels market expansion as North American firms establish worldwide security standards, shaping trends and stimulating demand in other areas, especially Europe and Asia-Pacific.

Key Players

The “Global Data Center Physical Security Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Schneider Electric, Robert Bosch Gmbh, Dahua Technology, Axis Communication, Assa Abloy, Morpho, Honeywell International Inc., Hikvision Digital Technology Co.Ltd, Siemens AG, Tyco International.

Data Center Physical Security Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Data Center Physical Security Market into Solution Type, Service Type, Vertical and Geography.

Data Center Physical Security Market, by Solution TypeVideo SurveillanceMonitoring SolutionsData Center Physical Security Market, by Service TypeSystem Integration ServicesConsulting ServicesData Center Physical Security Market, by VerticalIT and TelecomBFSIData Center Physical Security Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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OTTAWA, ON, Oct. 15, 2024 /CNW/ – Today, the Office of the Superintendent of Financial Institutions (OSFI) released its 2023 to 2024 Annual Report. The report covers OSFI’s achievements from April 1, 2023 to March 31, 2024. It also shows how OSFI continues to deliver on its 2022 to 2025 Strategic Plan and the 2024 to 2025 Departmental Plan.

Over the past year, OSFI has successfully navigated a challenging risk environment and made significant progress in strengthening resilience in Canada’s financial system through a variety of initiatives. Here are some highlights:

OSFI updated its Supervisory Framework and several guidelines to reflect OSFI’s new risk appetite, better respond to new financial and non-financial risks, and broaden the accountability of supervisors in their decision-making;OSFI strengthened its data and analytical capabilities to support supervisory and regulatory activities. This included making notable progress on the Data Collection Modernization initiative alongside the Bank of Canada and the Canada Deposit Insurance Corporation; andIn line with OSFI’s expanded mandate, OSFI published its final Integrity and Security guideline.

Quote

“OSFI’s Annual Report outlines OSFI’s efforts over the past year and demonstrates its ability to navigate an increasingly complex risk environment while continuing to contribute to public confidence in Canada’s financial system.”

– Peter Routledge, Superintendent of Financial Institutions

Related links

2023 to 2024 Annual Report2022 to 2025 Strategic Plan2024 to 2025 Departmental Plan

SOURCE Office of the Superintendent of Financial Institutions