Data Center Cooling Market to Reach $24.19 Billion by 2032

The global data center cooling market is projected to grow from USD 11.08 billion in 2025 to USD 24.19 billion by 2032, registering a CAGR of 11.8% during the forecast period. The market has shown steady growth and is expected to maintain this trend. Increasing awareness of energy efficiency and supportive government initiatives are contributing to market expansion.

The market has experienced consistent growth during the study period and is anticipated to continue along a similar trajectory. Factors such as increased focus on energy savings and the implementation of government-led initiatives are expected to support market growth in the coming years.

Key companies operating in the data center cooling market include Vertiv Group Corp. (US), Green Revolution Cooling, Inc. (US), Submer (Spain), Asperitas (Netherlands), CoolIT Systems (Canada), and DCX Liquid Cooling Systems (Poland), among others.

Recent developments in the market include several partnerships, product launches, and investments. In June 2025, Green Revolution Cooling, Inc. secured financing from major shareholders including Samsung Ventures, HTS, SK Enmove, and ENEOS, and Samsung C&T entered into a strategic partnership with the company.

In December 2024, Vertiv Group Corp acquired certain assets and technologies from BiXin Energy Technology Co., Ltd. through its Chinese subsidiary, expanding its capabilities in liquid cooling solutions for data centers.

In October 2024, Submer and Zero Two entered into a strategic partnership to deliver sustainable computing solutions for AI workloads in the UAE. The collaboration combines Zero Two’s scaling capabilities with Submer’s modular AI platforms, focusing on liquid cooling technologies.

In June 2023, Green Revolution Cooling, Inc. launched the HashRaQ MAX, a cooling system designed for data center operations with a focus on efficiency, reliability, and operational cost management.

The market ecosystem includes established manufacturers with diversified product portfolios and global presence. Key companies include Carrier (US), Daikin Industries Ltd. (Japan), Johnson Controls, Inc. (US), Schneider Electric (France), and Vertiv Group Corp (US). These companies operate with strong sales and distribution networks across multiple regions.