Overheating of Data Centers Boosts Data Center Cooling Fans Market Growth
According to our latest market study on "Data Center Cooling Fans Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis — by Type and Data Center Type," the data center cooling fans market was valued at US$ 461.49 million in 2023 and is anticipated to reach US$ 697.66 million by 2031; it is estimated to record a CAGR of 5.3% from 2023 to 2031. The report includes growth prospects in light of current data center cooling fans market trends and driving factors influencing the market growth.
The size and performance requirements for data centers are constantly growing. Computing generates heat. Data centers, which are full of servers, produce a lot of heat. Excessive heat can generate hot spots, resulting in equipment failure and downtime. To remove excessive heat and prevent downtime, IT professionals are employing a range of data center cooling fans, such as centrifugal, axial, and mixed flow fans. According to the Copernicus Climate Change Service (C3S) report of July 2023, annual and seasonal average temperatures in Europe are increasing over time. Europe's climate is warming twice as fast as the world average, leading to more frequent extreme weather conditions. The data center business is concerned about the impact of harsh weather on cooling operations, given rising energy prices and cooling requirements. The data center cooling requirement accounts for up to 40% of total data center energy costs. Extreme weather poses a threat to physical infrastructure, including power plants, electricity connections, and data center buildings. This increases the demand for cooling fans to maintain optimal operating temperatures in data centers.
Data Center Cooling Fans Market Analysis – by Geography, 2023
Data Center Cooling Fans Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Axial Fans, Centrifugal Fans, Mixed Flow Fans, and Others), Data Center Type (Hyperscale Data Center, Colocation Data Center, Wholesale Data Center, Enterprise Data Center, and Edge Data Center), and Geography
Data Center Cooling Fans Market Share Outlook, Scope by 2031
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Source: The Insight Partners Analysis
In July 2022, Google Cloud and Oracle servers in the UK suffered cooling-related outages as the country faced record-breaking heat of up to 40 degrees Celsius (104 degrees Fahrenheit). Both companies have experienced a "cooling-related failure" in one of their UK-based data centers due to overheating. Rising temperatures and overheating of the data centers increase the demand for cooling fans to remove excess heat from the data centers, which is fueling the data center cooling fans market growth.
The scope of the data center cooling fans market report focuses on North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In Europe, Germany held the largest data center cooling fans market share in 2023. Germany is considered the financial powerhouse of the European Union, and the city of Frankfurt is the digital capital of the country, with the highest data center density. Data center capacity serves as the foundation for several innovative applications in various fields. German data centers are among the most energy-efficient facilities in the world. They are focused on attaining greater sustainability in the long run. The German government's coalition pact aims to make data centers climate-neutral by 2027. The German Federal Ministry for Economic Affairs and Climate Action (BMWi) plans to provide subsidies to encourage the use of 100% green power, waste heat, efficient conditioning and cooling, and energy-efficient IT systems to meet targets. Hence, the focus on catering to the energy-efficient data centers in the country would result in a high demand for data center cooling fans, which is likely to have a significant impact on the data center cooling fans market forecast in the next few years.
In APAC, China held the largest data center cooling fans market share in 2023. As per Cloudscene, there are 449 data centers in China. The majority of these facilities are located in and around Mainland China. China is home to numerous major cities that play an essential role in the data center industry in the country. Shanghai, Beijing, Guangzhou, Shenzhen, and Chengdu are among the major cities for data center infrastructure and colocation services in the country. Shanghai, with its flourishing economy and global financial hub status, attracts immense data center investments. It has a robust telecommunications network, a consistent power supply, and a friendly business climate, which renders it a preferred destination for enterprises looking to have colocation service facilities in China. Beijing is a significant technological and innovation powerhouse. The city has multiple data centers, and it offers access to a large pool of IT employees. Its strategic location and excellent infrastructure make it an appealing option for both local and foreign companies seeking to build a presence in the China colocation market. Guangzhou, Southern China, is another important city in the colocation industry. It serves as a gateway to the Pearl River Delta, an area noted for its robust industrial and technological sectors. Guangzhou, with its geographic closeness to Hong Kong and Macau, benefits from effective connectivity and serves as a major center for enterprises in Southern China. Thus, the rising focus on the data center infrastructure is projected to propel the growth of the data center cooling fans market in China over the forecast period.
Canarm Ltd; ZIEHL-ABEGG SE; Continental Fan.; ebm-papst; Multi-Wing Group A/S; NOVENCO Building & Industry A/S; Mainstream Fluid & Air LLC; TWIN CITY FAN; Rosenberg Ventilatoren GmbH; Nidec Corp; Sofasco Fans; Systemair AB, Transmonk India Pvt. Ltd.; Blauberg Ventilatoren GmbH; Hidria d.o.o.; PBM Motor and Fan (Suzhou) Co Ltd; Regal Rexnord Corp; Hangzhou Kiron Motor Co., Ltd.; and Ningbo Longwell Electric Technology Co., Ltd. are among the key players profiled in the data center cooling fans market report. Several other major players were also studied and analyzed in the market report to get a holistic view of the market and its ecosystem. The market analysis provides detailed market insights, which help the key players strategize their growth.
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