Asia Pacific Data Centre Cooling Market to Grow at a CAGR of 13.5% During 2024-2032, Aided by the Expansion of Data Centres

The swift growth in data volume, driven by the increasing demand for digital services, social media, and video streaming, is leading to an expansion of data centre capacities, which further contribute to the Asia Pacific data centre cooling market growth. To manage this influx of data traffic, efficient cooling systems are essential to dissipate the heat generated by densely concentrated computing equipment.

India leads the major APAC countries in terms of data centre capacity, boasting 950 MW. In 2023, there was an increase of 255 MW in new supply compared to 200 MW in 2022, bringing the total stock to approximately 1,030 MW by the end of the year. This rapid expansion is projected to persist in 2024, with a planned supply of over 330 MW spread across different cities, potentially raising the stock by 30% annually to reach about 1,370 MW. The total data centre stock in India in 2023 stood at 16 million square feet.

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The anticipated impact of Generative AI on future data centre deployments is expected to bring about changes in the format and location of these facilities. The increasing interest in Generative AI is largely due to its ability to produce authentic and innovative content. An analysis by EY-Parthenon suggests that the expansion of AI will lead to a significant increase in the need for computing resources, consequently driving the demand for data centres.

In March 2024, Schneider Electric (OTCMKTS: SBGSY) inaugurated a new cooling factory in Bangalore, India, aimed at developing innovative cooling solutions for data centres in the country. The factory, built from an investment of INR 100 crores, is intended to play an integral role in the global supply chain of the country. Focusing on innovative row cooling systems, precision air conditioning, high-efficiency chillers, and primary air handling units, the company aims to offer efficient, reliable, and targeted cooling to data centres while minimising energy consumption.

Market Analysis by Component, Data Centre Size, Type of Cooling, Application, and Region:

• By component, the market is bifurcated into solution and services. 

• Based on data centre size, the market is categorised into large data centre, medium data centre, and small data centre. 

• Based on type of cooling, the market can be divided into room-based cooling and row/rack-based cooling. 

• The major application sectors include government, BFSI, IT and telecom, healthcare, and others.

• Region-wise, the Asia Pacific data centre cooling market is divided into China, Japan, India, ASEAN, and Australia, among others.

Key Findings of the Report:

• By 2025, the implementation of 5G, artificial intelligence, and machine learning is projected to account for more than 40% of the data centre infrastructure investment in the Asia Pacific region.

• In the 2024–2026 period, India is anticipated to record the largest data centre capacity addition of about 850 MW.

• According to industry reports, Vietnam's data centre market is expected to reach $1.6 billion by 2030.

Key Offerings of the Report:

• The EMR report gives an overview of the Asia Pacific data centre cooling market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the component, data centre size, type of cooling, application, and regions of data centre cooling in the Asia Pacific.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Asia Pacific data centre cooling market are Schneider Electric SE, Vertiv Group Corp., STULZ GMBH, Daikin Industries, Ltd., AERMEC S.P.A., Johnson Controls International plc, Nortek Air Solutions, LLC, Munters Group, Guntner LLC, and Fujitsu Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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