The global data center cooling market size is expected to grow at a CAGR, or Compound Annual Growth Rate, of 3% over the period of 2019-2025. The United States dominates the global data center cooling industry with more than 135 facilities and investments accounting for 15-20% of the industry.
COVID-19 has impacted global data center operations by stopping construction and supply chain on facilities. Around 100 projects were scheduled to be completed by Q2 2020, and the pandemic has impacted the ability to complete these projects.
The growth of the data center cooling market is impacted by the growth in construction of cryptocurrency data centers, increased popularity of district hearing concepts, increased adoption of automation and monitoring solutions, and the high demand for edge data centers.