Data centers use comes at a cost to the environment. Data centers use an estimated 200 terawatt-hours each year, more than the annual energy consumption of some small countries. They also contribute to overall global and carbon emissions, with a predicted increase of 20% of global electricity demand by 2030. Essentially, data centers must implement environmental innovations to reduce the carbon footprint of data centers.
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.