Data Center Cooling Market |Global Data Center Market

Froststore02 Aug, 2024Business

The data center cooling market is poised to surge from USD 12.7 billion in 2023 to USD 29.6 billion by 2030, reflecting a robust CAGR of 12.8% spanning from 2023 to 2030. Data center cooling systems are key components of data center architecture, which fulfill critical cooling requirements for electronic equipment. The global growth of the internet and mobile devices has led to the creation of enormous volumes of data that need storage and processing. As a result, the construction of data centers of all sizes has reached a frantic pace across the globe?companies seek to take advantage of the data revolution. With data center processing needs increasing, so do the associated cooling requirements, and with cloud computing, 5G, and edge, companies seek ever more unique ways to store and process data, which has led to the adoption of advanced cooling systems to cater to the needs of the modern data center.