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Data Centre Cooling Market Analysis, Size, Share & Growth Forecast 2026–2034

The Data Centre Cooling Market is projected to grow from USD 28.61 Bn in 2025 to USD 129.84 Bn by 2034, registering a CAGR of 18.3% during the 2026–2034 forecast period. The report provides comprehensive insights into key market trends, growth drivers, challenges, emerging opportunities, segment analysis, competitive landscape, and leading vendors shaping the industry. It also includes preliminary market intelligence, regional outlook, and strategic developments to support informed business decisions and market expansion strategies.

$28.61 Bn 2025 Market
$129.84 Bn 2034 Market Size (Est.)
18.3% CAGR 2026–34
3 Segments
Published June 2026
Updated June 2026
TrendX Insights Research
Global Coverage
Report Details
Data Centre Cooling Market
Report TypeSyndicated Market Research
Forecast Period2026 – 2034
Base Year2025
GeographyGlobal
IndustryICT & Media
Segments3

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Market Snapshot

Data Centre Cooling Market — Revenue Forecast 2020–2034 (USD Billion)

Source: TrendX Insights Analysis based on secondary research and proprietary data models.
Data Centre Cooling Market Market Revenue 2020–2034 (USD Billion)
Year USD Billion YoY Growth
2020 19.60
2021 22.20 13.3%
2022 23.00 3.6%
2023 25.90 12.6%
2024 26.60 2.7%
2025 (Base) 28.60 7.5%
2026 (F) 32.40 13.3%
2027 (F) 39.20 21%
2028 (F) 48.10 22.7%
2029 (F) 58.60 21.8%
2030 (F) 70.50 20.3%
2031 (F) 83.70 18.7%
2032 (F) 98.10 17.2%
2033 (F) 113.40 15.6%
2034 (F) 129.80 14.5%
Key Takeaways
$129.84 Bn by 2034: up from $28.61 Bn in 2025.
18.3% CAGR: sustained compound annual growth across 2026–2034.
Regional leader: North America accounted for the largest share of the Data Centre Cooling Market in 2025, holding 42.3% of the global market.
Key players: Vertiv (Cooling Infrastructure), Schneider Electric (Data Centre Cooling), Stulz (Precision AC), Rittal (Cooling), CoolIT Systems (Direct Liquid), Submer (Immersion), Asperitas (Immersion), Motivair (Liquid Cooling), Chilldyne (Negative Pressure LCC), nVent (Cooling).

1. What Is the Data Centre Cooling Market?

Market Definition

The Data Centre Cooling Market covers mechanical and liquid cooling infrastructure removing heat from servers and network hardware to maintain optimal operating temperature and prevent thermal throttling. Data centre cooling encompasses precision air conditioner, in-row cooling unit, liquid cooling direct-to-chip, immersion cooling, and AI-optimised cooling management software. Market dynamics reflect AI GPU power density exceeding 100 kW per rack driving liquid cooling, direct liquid cooling replacing air for high-density compute, and immersion cooling achieving hyperscaler adoption.

2. Data Centre Cooling Market Size & Forecast

Market Data at a Glance
Data Centre Cooling Market — Key Metrics
2025 Market Size (Base Year)$28.61 Bn
2034 Market Size (Est.)$129.84 Bn
CAGR (2026–2034)18.3%
Forecast Period2026 – 2034
Industry ICT & Media Data Centre Technology
CoverageGlobal (40+ countries)

3. Emerging Technologies

  1. Direct-to-chip liquid cooling cold plate achieving CPU and GPU junction temperature below 60 degrees Celsius are advancing. Growing adoption is driven by AI accelerator power density exceeding air cooling capacity at high-performance density.
  2. Two-phase immersion cooling using dielectric fluid phase change achieving 99 percent heat recovery are advancing. Growing adoption is driven by data centre PUE improvement and waste heat recovery requirements.
  3. AI data centre cooling management optimising chiller and CRAC operation from thermal forecast are advancing. Growing adoption is driven by cooling energy efficiency improvement and PUE reduction requirements.
  4. Rear-door heat exchanger enabling air-cooled server rack conversion to liquid-cooled without server modification are advancing. Growing adoption is driven by legacy server liquid cooling retrofit requirements.

Similar technologies are also transforming adjacent markets. Learn more in our Osat Semiconductor Packaging Market.

4. Key Market Opportunity

Growth Opportunity

Revenue is concentrated in the Data Centre Cooling Market at the liquid cooling for AI GPU cluster sub-market, where NVIDIA GB200 and AMD MI300X power density drives liquid cooling retrofit and new build investment. Immersion cooling creates a premium high-density opportunity as hyperscaler AI cluster density exceeds direct liquid cooling capability. Colocation data centre cooling creates a recurring infrastructure opportunity as AI tenant power density drives cooling upgrade. Asia Pacific data centre cooling creates geographic expansion as Chinese, Singaporean, and Indian hyperscale and AI data centre cooling investment grows.

5. Top Companies in the Data Centre Cooling Market

The following organisations hold leading positions in the Data Centre Cooling Market. The full report provides revenue share, SWOT analysis, and competitive benchmarking for each player.

  • Vertiv (Cooling Infrastructure)
  • Schneider Electric (Data Centre Cooling)
  • Stulz (Precision AC)
  • Rittal (Cooling)
  • CoolIT Systems (Direct Liquid)
  • Submer (Immersion)
  • Asperitas (Immersion)
  • Motivair (Liquid Cooling)
  • Chilldyne (Negative Pressure LCC)
  • nVent (Cooling)
Note: This is based on preliminary research. The final published report will include 20+ company profiles with detailed market share analysis, revenue estimates, SWOT, and competitive benchmarking.

6. Market Segmentation

The Data Centre Cooling Market is analysed across 3 segmentation dimensions. Revenue data, growth rates, and competitive intensity by sub-segment are available in the full report.

Segmentation Sub-Segments
By Type Precision Air Cooling In-Row Cooling Direct Liquid Cooling Immersion Cooling Free Cooling
By Data Centre Type Hyperscale Enterprise Edge Colocation
By Geography North America Europe Asia Pacific Latin America Middle East and Africa
Note: Revenue forecasts, YoY growth rates, and market share analysis for each sub-segment are included in the full published report. The final report will cover data from 40+ countries, and the geographic scope can be further expanded based on your specific requirements. Additional segments can also be incorporated upon request. The current scope is based on preliminary research, while a comprehensive and detailed report will be developed upon order confirmation. Request data

7. Key Market Trends (2026–2034)

Three major forces are shaping the Data Centre Cooling Market trajectory over the forecast period:

Trend 1

Vertiv and Schneider Electric Achieve Combined 35 Percent Data Centre Cooling Market Share.Vertiv and Schneider Electric data centre cooling infrastructure achieving combined 35 percent global market share in 2024 demonstrate integrated data centre infrastructure company commercial dominance. Vertiv achieving USD 7.2 billion annual revenue demonstrates data centre power and cooling at commercial infrastructure supply scale.

Trend 2

Nvidia and Vertiv Achieve Direct Liquid Cooling Standard for GB200 NVL72 AI Rack System.NVIDIA GB200 NVL72 AI rack achieving 120 kW per rack power requiring Vertiv direct liquid cooling CDU as standard in 2024 demonstrates AI server density driving liquid cooling adoption. NVIDIA achieving partnership with Vertiv as reference cooling architecture demonstrates OEM-cooling integration standard for hyperscale AI cluster.

Trend 3

Submer and Asperitas Achieve Immersion Cooling Commercial Deployment at Hyperscale Data Centre.Submer and Asperitas single-phase immersion cooling achieving combined 20 hyperscale data centre deployment in 2024 demonstrate immersion cooling at commercial hyperscale scale. Submer achieving 250 kW per tank cooling density demonstrates the immersion capacity enabling highest-density GPU cluster beyond air and DLC capability.

For related market intelligence, see the 5G Non Terrestrial Network Market.

8. Segmental Analysis

By type, the Precision Air Cooling segment dominated the Data Centre Cooling Market in 2025. Representing the largest installed base category as legacy CRAC and in-row cooling sustains majority revenue. The Direct Liquid Cooling segment is the fastest-growing category, advancing as AI GPU rack power density drives CDU and cold plate adoption.

By data centre type, Hyperscale dominated in 2025, while Colocation is registering the highest liquid cooling upgrade investment growth rate.

Full segmental data, granular revenue tables, and CAGR by segment, are available in the complete syndicated report (available upon order) Request full report

9. Regional Analysis

Regional demand patterns across the Data Centre Cooling Market reflect differences in regulation, technological maturity, and capital investment.

Dominant Region

Largest Market Share

North America accounted for the largest share of the Data Centre Cooling Market in 2025, holding 42.3% of the global market. Data centre operators, hyperscale cloud providers, and enterprise colocation facilities are deploying advanced data centre cooling systems to manage thermal loads from high-density GPU and AI computing infrastructure. Growing AI training cluster deployment, increasing server rack power densities, and enterprise demand for cooling infrastructure capable of managing 60-100kW per rack deployments are encouraging advanced cooling investment. High data centre investment, concentrated hyperscaler infrastructure, and strong enterprise demand for energy-efficient cooling are generating strong regional demand.

Fastest Growing

Highest CAGR Region

Asia Pacific is expected to register the highest CAGR of 23.22% during the forecast period. Data centre operators, cloud providers, and enterprise IT infrastructure organisations across China, India, Japan, and Singapore are deploying advanced data centre cooling systems as AI computing infrastructure deployment drives higher power density requirements. Government digital infrastructure investment and growing hyperscaler data centre construction across the region are creating institutional demand for advanced cooling infrastructure. Rising data centre power density from GPU cluster deployment and increasing energy efficiency requirements are generating demand for sophisticated cooling solutions.

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Research Prepared by TrendX Insights
Saurav Sarkar
Senior Research Analyst at TrendX Insights
This report was prepared by the TrendX Insights research team and reviewed by Saurav Sarkar, Senior Research Analyst at TrendX Insights. He has deep expertise in analyzing market dynamics and emerging technology trends across consumer, healthcare, and digital sectors. Our team conducts in-depth research to analyze key market players, supply chains, and regulatory landscapes globally.
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Data Centre Cooling Market 2026–2034

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