Global Data Center Cooling Market Overview

The global Data center cooling market size was valued at USD 16.84 billion in 2024 and is projected to grow from USD 18.78 billion in 2025 to USD 42.48 billion by 2032, exhibiting a CAGR of 12.4% during the forecast period (2025–2032). Market growth is driven by the surge in hyperscale data centers, rising power density, increasing demand for energy-efficient cooling systems, and the need to maintain optimal operating conditions for IT infrastructure.

Key Market Highlights

• 2024 Market Size: USD 16.84 billion
• 2025 Market Size: USD 18.78 billion
• 2032 Forecast Size: USD 42.48 billion
• CAGR (2025–2032): 12.4%
• Dominant Region (2024): North America (Market Share: 38.9%)
• U.S. Forecast Value (2032): USD 9.24 billion

Key Market Players

• Vertiv Group Corp.
• Schneider Electric SE
• STULZ GmbH
• Rittal GmbH & Co. KG
• Eaton Corporation
• Daikin Industries, Ltd.
• Mitsubishi Electric Corporation
• Huawei Technologies Co., Ltd.