The Data Center Cooling Market was estimated at USD 10.75 billion and is projected to achieve USD 19.7 billion by 2029, with a compound annual growth rate (CAGR) of 10.62%. The worldwide market for cooling systems in data centers is experiencing an increase in the usage of air and water cooling solutions. Lately, there has been a rise in the usage of water-based direct-to-chip and immersion cooling techniques. A lot of data center operators are intrigued by immersion cooling technology due to its advanced cooling methods, which are also cost-efficient.

 

There will be a rise in the need for cooling immersion in the upcoming years. An example is LG Uplus revealing the establishment of a new data center in Paju, South Korea, in May 2024. The company has also revealed its implementation of an immersion cooling system.

 

The increased usage of intelligent gadgets encourages the advancement of 5G and edge computing, the demand for quicker data processing, and the strain on networks. Integrating edge computing with 5G improves digital experiences, increases performance, enhances data security, and guarantees continuous operation in different sectors.

 

The worldwide market for cooling data centers is seeing notable growth as a result of the increased use of advanced technologies like AI and ML. AI is influencing its development by incorporating new technologies like big data and IoT.