China Data Center Cooling Market Size & Outlook, 2023-2030
China data center cooling market, 2018-2030 (US$M)
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China data center cooling market highlights
- The China data center cooling market generated a revenue of USD 2,321.0 million in 2023 and is expected to reach USD 9,470.7 million by 2030.
- The China market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, air conditioners was the largest revenue generating product in 2023.
- Precision air conditioners is the most lucrative product segment registering the fastest growth during the forecast period.
Data center cooling market data book summary
| Market revenue in 2023 | USD 2,321.0 million |
| Market revenue in 2030 | USD 9,470.7 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioners |
| Fastest growing segment | Precision air conditioners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, China accounted for 12.4% of the global data center cooling market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China data center cooling market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,470.7 million by 2030.
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Data Center Cooling Market Scope
Data Center Cooling Market Companies
| Name | Profile | # Employees | HQ | Website |
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China data center cooling market outlook
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 30.8% in 2023. Horizon Databook has segmented the China 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.
The development of cutting-edge data center cooling solutions by Chinese companies is propelling the growth of the market in China. For instance, in August 2022, Chindata, a Chinese hyperscale data center vendor, launched a new waterless cooling system and claimed to have worked with Vertiv on its development.
XCooling uses pumped refrigerant economizers and variable-speed compressors. As compared to the widely utilized indirect evaporative air handling unit technology, X-Cooling produced zero liters of waste per kWh of power used and a PUE of less than 1.1. The company states that by using X-Cooling, a 100MW data center in Hebei can save 1.2 million tons of water annually.
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Horizon Databook provides a detailed overview of country-level data and insights on the China data center cooling market , including forecasts for subscribers. This country databook contains high-level insights into China data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China data center cooling market size, by product, 2018-2030 (US$M)
China Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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