Europe Data Center Cooling Market Size & Outlook
Europe data center cooling market, 2018-2030 (US$M)
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Europe data center cooling market highlights
- The Europe data center cooling market generated a revenue of USD 4,079.8 million in 2023.
- The market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, precision 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.
- Country-wise, Nordic Countries is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,079.8 million |
| Market revenue in 2030 | USD 11,079.6 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | Precision 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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.9% of the global data center cooling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,424.7 million by 2030.
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Data Center Cooling Market Scope
Data Center Cooling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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.
Precision air conditioners was the largest segment with a revenue share of 30.25% in 2023. Horizon Databook has segmented the Europe 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 growth of the European data center cooling market can be attributed to the green data center efforts implemented in the region. For instance, in September 2023, the Danish Data Center Industry, Google, Danfoss, Schneider Electric, and Microsoft initiated the Net Zero Innovation Hub for Data Centers, a pan-European initiative.
The headquarters of this project is expected to be in Fredericia, Denmark. The aim of this initiative is to expedite standard solutions for the green transformation of data centers.
With the launch of the Net Zero Innovation Hub, major players in the European data center industry are being brought together by the Danish Data Center Industry, Microsoft, Danfoss, Google, and Schneider Electric. Regulators, scientists, operators, utility companies, non-governmental organizations, and grid/network services are some of the aspirants of Net Zero Innovation Hub.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe data center cooling market , including forecasts for subscribers. This continent databook contains high-level insights into Europe data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe data center cooling market size, by country, 2018-2030 (US$M)
Europe Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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