Market revenue in 2023 | USD 6,538.2 million |
Market revenue in 2030 | USD 25,424.7 million |
Growth rate | 21.4% (CAGR from 2023 to 2030) |
Largest segment | Air conditioners |
Fastest growing segment | Precision air conditioners |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Air Conditioners, Precision air conditioners, Chillers, Air Handling Units |
Key market players worldwide | Fujitsu Ltd, Hitachi Ltd, Johnson Controls International PLC, Mitsubishi Electric Corp, Dell Technologies Inc Ordinary Shares - Class C, Air Enterprises, LLC., Asetek, Nortek Air Solutions |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data center cooling market will help companies and investors design strategic landscapes.
Air conditioners was the largest segment with a revenue share of 30.73% in 2023. Horizon Databook has segmented the Asia Pacific data center cooling market based on air conditioners, precision air conditioners, chillers, air handling units covering the revenue growth of each sub-segment from 2018 to 2030.
Firms operating in Asia Pacific are responsible for the expansion of the data center cooling market as they are developing solutions that allow for the achievement of low PUE values. For instance, in July 2022, ST Engineering introduced a data center pre-cooling system, claiming that tropical data centers can save up to 20% on cooling costs when compared to standalone traditional chillers.
By pre-cooling the hot return air from the data hall with chilled water from ST Engineering's Reevac evaporative cooling system, the Airbitat DC Cooling System, which is located between the server room and the current chiller system, lowers the heat load on the chillers by 40%.
According to the recent policy statement from ST Engineering, the system can achieve a PUE of 1.3 or less, which will be mandatory for all new data centers in Singapore.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific data center cooling market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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