DATA CENTER COOLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In December 2023, Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced the acquisition of CoolTera Ltd., a specialist in coolant distribution infrastructure for data center liquid cooling technology. This acquisition aims to bolster Vertiv's capacity to support large-scale AI deployment and better serve global data center customers. CoolTera designs and manufactures liquid cooling infrastructure, including coolant distribution units (CDUs), secondary fluid networks (SFNs), and manifolds.
• In November 2023, Schneider Electric and Compass Datacenters expanded their partnership with a USD 3 billion multi-year agreement to produce and deliver prefabricated modular data center solutions. This collaboration seeks to integrate their supply chains, ensuring quicker, more predictable, and cost-effective delivery of finished goods.
• In May 2023, Fujitsu and Microsoft announced a global partnership focused on "sustainability transformation" to help businesses migrate their workloads to the cloud. Fujitsu will contribute its expertise in data center infrastructure, while Microsoft will provide its Azure cloud platform, offering businesses a comprehensive solution to modernize their IT infrastructure.
• In March 2023, Asetek announced that OEM partner, TEAMGROUP, introduced the T-FORCE SIREN GA360 CPU Cooler, featuring Asetek's 7th-generation liquid cooling technology. This high-performance cooler is designed for extreme CPU overclocking and stable gaming, featuring a crystal-clear infinity mirror design with multi-layer RGB lighting.
• In March 2023, Daikin acquired Alliance Air Products, a San Diego-based leader in custom air-handling equipment design and manufacturing. This acquisition enhanced Daikin's capabilities in providing chiller-to-computer room air-handler (CRAH) systems, optimizing energy and water savings in data centers.
• In March 2023, Castrol joined GRC's ElectroSafe Fluid Partner Program, offering advanced immersion cooling fluids to help data center operators reduce water and energy consumption.
• In March 2023, LiquidStack secured funding from Trane Technologies PLC to enhance its fluid immersion cooling solutions, aiming to reduce electronic waste, water usage, carbon footprint, and other environmental impacts in data centers
• In August 2022, One Asian Network Limited announced the installation of a cold water absorption solution in its Hong Kong data center. This innovative solution is designed to reduce energy consumption and enhance reliability, representing a shift toward sustainability and green technology practices in high-energy-consuming industries.