Europe Data Center Cooling Market Size & Outlook

The data center cooling market in Europe is expected to reach a projected revenue of US$ 11,079.6 million by 2030. A compound annual growth rate of 15.3% is expected of Europe data center cooling market from 2024 to 2030.
Revenue, 2023 (US$M)
$4,079.8
Forecast, 2030 (US$M)
$11,079.6
CAGR, 2024 - 2030
15.3%
Report Coverage
Europe

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 2023USD 4,079.8 million
Market revenue in 2030USD 11,079.6 million
Growth rate15.3% (CAGR from 2023 to 2030)
Largest segmentPrecision air conditioners
Fastest growing segmentPrecision air conditioners
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAir Conditioners, Precision air conditioners, Chillers, Air Handling Units
Key market players worldwideFujitsu 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 segmentation & scope
Air Conditioners
Precision air conditioners
Chillers
Air Handling Units
Others
Telecom
IT
Retail
Healthcare
BFSI
Energy
Others
Raised floor
Non Raised floor
Rack Based Cooling
Row Based Cooling
Room Based Cooling

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)

Europe data center cooling market size, by country, 2018-2030 (US$M)

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