Data Center Chillers Market Share & Size, Trends, Growth
Report – 2032

The Global Data Center Chillers Market was worth USD 1.4
billion in 2023 and will exhibit over 9% CAGR from 2024 to 2032, fueled by the
proliferation of IoT and big data technologies, which has heightened the need
for sophisticated cooling solutions.

A prominent trend in the data center chillers sector is the
rise of hyperscale data centers, which in turn is boosting the demand for
high-capacity and efficient cooling systems. These vast facilities, managed by
leading tech firms and cloud service providers, necessitate powerful chiller
systems to handle the significant heat produced by their dense computing
setups.

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Highlighting this trend, in January 2024, Danfoss forged a
partnership with Google, aiming to bolster the sustainability and efficiency of
Google's hyper-scale data centers. Danfoss is set to implement its oil-free
Turbocor compressors, versatile for diverse cooling needs, alongside designing
heat reuse solutions to harness renewable energy for both on-site and
neighboring community heating.

The overall Data Center Chillers Industry is categorized
based on Product, Technology, Power, Data Center Size, and Region.

In 2023, the data center chillers market size from water-cooled
chillers segment generated approximately USD 600 million. Their dominance stems
from superior efficiency and performance, especially in large-scale cooling
applications. Water-cooled chillers are pivotal in managing high heat loads,
offering enhanced cooling capacity and energy efficiency. This reliability is
crucial for managing the heat output of extensive equipment, aligning with the
rising demand for effective cooling in data centers and commercial settings.

As industries evolve and expand, there's an increasing
emphasis on energy efficiency and sustainability. Water-cooled chillers, known
for their lower energy consumption and reduced operational costs, align
perfectly with this trend. Furthermore, as urbanization accelerates and
temperatures rise, the need for robust cooling solutions becomes paramount.

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The data center chillers market value from large data center
segment accounted for USD 450 million in 2023. As enterprises increasingly rely
on data-driven strategies, the demand for efficient cooling solutions in large
data centers intensifies. These facilities, often housing vast arrays of servers,
generate substantial heat, necessitating advanced cooling systems. The emphasis
on energy efficiency and sustainability further propels investments in
cutting-edge cooling technologies within these large data centers.

In 2023, North America commanded a dominant position in the
global market, holding a substantial share of approximately 35%. The region's
data center chillers market is propelled by its robust technological
infrastructure and substantial investments in data center expansions. The U.S.
leads, thanks to its swift adoption of cutting-edge cooling technologies and a
dense concentration of hyperscale data centers that demand efficient chiller
systems. Moreover, the region's stronghold is reinforced by major players'
focus on expansion and a regulatory environment that champions technological
advancements.

North America's data center chillers market is buoyed by
technological infrastructure is not just well-established but continually
evolving, thanks to consistent investments and innovations. The U.S. stands
out, not only for its early embrace of advanced cooling technologies but also
for hosting a dense network of hyperscale data centers. These centers, with
their heightened demands, further amplify the need for efficient chiller
systems. Moreover, the region's market dynamics are shaped by the strategic maneuvers
of key players, who are expanding their footprints and benefiting from a
regulatory landscape that encourages technological advancements.

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