At 12.7% CAGR, the South & Central America Data Center Cooling Market is Projected to be Worth US$ 1,089.70 Million by 2031, Says Business Market Insights

According to Business Market Insights research, the South & Central America data center cooling market was valued at US$ 417.88 in 2023 and is expected to reach US$ 1,089.70 million by 2031, registering a CAGR of 12.7% from 2023 to 2031. Rising investments in data centers and incorporation of data center cooling robots are among the critical factors attributed to the South & Central America data center cooling market expansion.

Pressure to decarbonize data centers, climate change, unpredictable weather events, and the use of powerful computers are a few factors encouraging organizations to invest in cooling and energy-efficient technologies for data centers. The escalating demand for data center cooling solutions is fueled by the need for effective cooling technologies to maintain optimal operating conditions as these centers expand to accommodate increasing workloads and storage demands. The demand for data centers is increasing, prompting investments in companies that operate them. A few of such investments are listed below:

• In January 2024, Vantage Data Centers, a global provider of hyperscale data center campuses, announced a US$ 6.4 billion equity investment led by investment channels managed by DigitalBridge Group, Inc., the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake—the global leader in technology investing. This substantial investment reflects the escalating demand for hyperscale data center campuses, which drives the need for advanced cooling solutions to maintain optimal operating conditions.

All these investments in data centers worldwide reflect the increasing demand for data center campuses, which drives the need for advanced data center cooling solutions to maintain optimal operating conditions. Thus, rising investments in data centers fuel the data center cooling market growth.

On the contrary, the high cost associated with data center cooling hampers the growth of South & Central America data center cooling market.

Based on component, the South & Central America data center cooling market is segmented into air conditioning system, chillers, air handling units, cooling towers, heat exchangers, humidifiers, and others. The air conditioning system segment held 45.3% share of the South & Central America data center cooling market in 2023, amassing US$ 189.11 million. It is projected to garner US$ 537.71 million by 2031 to expand at 14.0% CAGR during 2023–2031.

Based on cooling type, the South & Central America data center cooling market is segmented into room based cooling, row based cooling, and rack based cooling. The room based cooling segment held 59.0% share of the South & Central America data center cooling market in 2023, amassing US$ 246.40 million. It is projected to garner US$ 621.04 million by 2031 to expand at 12.2% CAGR during 2023–2031.

Based on data center type, the South & Central America data center cooling market is segmented into hyperscale data center, colocation data center, wholesale data center, and enterprise data center. The hyperscale data center segment held 39.3% share of the South & Central America data center cooling market in 2023, amassing US$ 164.10 million. It is projected to garner US$ 457.84 million by 2031 to expand at 13.7% CAGR during 2023–2031.

Based on industry vertical, the South & Central America data center cooling market is segmented into IT and telecom, BFSI, healthcare, manufacturing, government and defense, media and entertainment, retail, energy, and others. The IT and telecom segment held 34.5% share of the South & Central America data center cooling market in 2023, amassing US$ 144.16 million. It is projected to garner US$ 426.09 million by 2031 to expand at 14.5% CAGR during 2023–2031.

Based on country, the South & Central America data center cooling market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 62.4% share of South & Central America data center cooling market in 2023, amassing US$ 260.78 million. It is projected to garner US$ 723.59 million by 2031 to expand at 13.6% CAGR during 2023–2031.

Key players operating in the data center cooling market are Asetek, Inc; Mitsubishi Corp; Stulz SpA; Vertiv Group Corp.; Aspen Systems, LLC.; Daikin Industries Ltd; Delta Electronics Inc; Danfoss AS; Motivair Corporation; Madison Industries; Fujitsu Ltd; Rittal GmbH & Co KG; Schneider Electric SE; Trane Technologies Plc; Black Box Corporation; Carrier Global Corp; Alfa Laval AB; Hewlett Packard Enterprise Development LP; Boyd Corp; and Evapco Inc, among others.

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