Philippines Data Centre Cooling Market to Grow at a CAGR of 15.4% During 2024-2032, Driven by the Increasing Number of Data Centres

The demand for data centre facilities in the Philippines is on the rise due to economic growth and increased digital adoption, which is driving the Philippines data centre cooling market growth. The country's digital economy is set to exhibit an economic potential of up to US$101.3 billion by 2030 by fully leveraging digital technologies. The World Bank is backing reforms to boost digital technology adoption in the Philippines, with a focus on enhancing financial inclusion through digital finance and fostering the expansion of digital services.

Effective cooling systems are crucial to handle surges in data traffic and to disperse the heat produced by densely packed computing equipment. Moreover, efficient cooling systems play a crucial role in reducing the energy needed to uphold ideal temperatures, resulting in substantial financial savings. They also aid in achieving sustainability objectives by lessening the carbon footprint and environmental effects of data centre activities.

The Philippines data centre market is anticipated to attract investments totalling USD 1,016 million by 2028, with a projected growth rate of 11.01% from 2022 to 2028. These advancements demonstrate the Philippines' commitment to embracing digital transformation and establishing a resilient digital infrastructure to support its burgeoning economy.

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A 300MW data centre campus has been proposed in the Philippines by Manila-based construction and engineering firm Endec Group and Narra Technology Park Development Inc. The two companies have signed a lease contract deal for a 47-hectare site within the New Clark City (NCC). The planned Narra Technology Park, located in the Clark Science City area of NCC, will consist of a 300MW hyperscale data centre campus to be constructed in three 100MW phases. Construction on the first phase is expected to commence in August 2024. Endec announced that the company will be investing $890 million in each phase, with the first 100MW expected to be operational by the fourth quarter of 2025.

In June 2022, Delta Electronics launched the Datacenter Precision Cooling Solution, including FrontFlow, RowCool, CoolDoor, and RoomCool, in the Philippines. The products are aimed at meeting the individual needs of local markets in terms of existing power conditions and infrastructure. Through this, the company aims to offer scalable and energy-efficient data centre cooling solutions for supporting customers in digital and IoT transformation.

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

• 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 Philippines data centre cooling market is divided based on application into government, BFSI, IT and telecom, healthcare, and others.

Key Findings of the Report:

• Manila, the top data centre market in the Philippines, boasts a connectivity ecosystem consisting of 24 colocation data centres, 59 cloud service providers, and 24 network fabrics. Data centre cooling systems play an integral role in maintaining the optimal operating environment of all data centre equipment.

• According to the Philippines' Department of Information and Communications Technology (DICT), the total capacity of data centres in the Philippines is estimated to grow five-fold by 2025. This is expected to drive the demand for data centre cooling solutions. 

• The trend towards digitalisation, the increasing smartphone ownership, and the rising internet penetration are surging the demand for data centres and servers, hence driving innovations in cooling systems. 

• The growing focus on sustainability and the imposition of sustainable standards on the newly built data centres are fuelling the demand for energy-efficient data centre cooling systems.

Key Offerings of the Report:

• The EMR report gives an overview of the Philippines 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, and applications of data centre cooling.

• 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 Philippines data centre cooling market are Schneider Electric SE, Vertiv Group Corp., STULZ GMBH, and Daikin Industries, Ltd., 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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