Chile Data Center Cooling Market Trends

Statistics for the 2023 & 2024 Chile Data Center Cooling market trends, created by Mordor Intelligence™ Industry Reports. Chile Data Center Cooling trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Chile Data Center Cooling Industry

IT and Telecom to Have Significant Market Share

The cloud segment was expected to reach 35.54 MW in 2023 and is further projected to exhibit a CAGR of 15.20%, surpassing 83.06 MW by 2029. Among end-user industries, the cloud industry is expected to contribute the largest market share and witness the fastest growth over the study period.

Cloud services are based on data centers, even though the cloud is the foundation of the digital revolution. Hence, the market for data centers is expanding as more companies move their operations to the cloud. The COVID-19 pandemic sparked a fresh wave of digital change in numerous industries nationwide.

Businesses increasingly rely on third-party colocation facilities to run their data centers, which is supplemented by a growing move toward a hybrid IT strategy that uses the synergistic benefits of hosted data centers and multi-cloud architectures. Users can easily access the cloud service due to the high-speed internet available at data centers that house the cloud servers. MNCs are preparing to penetrate Chile and contribute to data growth with their cloud-based services.

For instance, Amazon Web Services (AWS) plans to build a cloud area in Santiago, Chile. The business has a Cloudfront Edge site in Santiago and intends to open a local zone soon. While Microsoft is creating a cloud region in Chile, Oracle, Google, and other companies have already established Chilean cloud regions. Huawei is presently planning the third facility.

Chile Data Center Cooling Market: Chile Data Center Construction Market, CAGR %, 2023-2029, By End User

Liquid Cooling to Record Significant Share

Liquid cooling offers many benefits in data centers, making it an attractive option for cooling computing environments with high performance. It has been shown to be more energy-efficient than conventional air conditioning. By providing precise temperature control, it reduces the need for overcooling and improves data center energy efficiency.

Technological advances have helped to reduce data centers' water consumption by more than 15% in tropical climates and 80% in green areas, making liquid cooling easier to maintain, scale up, or be affordable. Energy used for liquid cooling can be recycled to heat buildings and drinking water, while advanced artificial refrigerants can significantly reduce the carbon footprint of air conditioners.

Liquid cooling takes advantage of space constraints and superior heat transfer properties of water or other liquids to provide efficient and cost-effective cooling of high-density racks up to 3000 times more efficiently than air. Long proven in mainframe and gaming applications, liquid cooling is increasingly being used to protect rack servers in regional data centers. Recently, Vertiv introduced a water-efficient liquid cooling solution for high-density data centers, the Liebert XDU, a new generation of thermal management systems that supports liquid-cooled servers and enables the control of liquid quality, flow, and pressure.

Santiago is the major hotspot in the country, accounting for over 85% of the data centers. It is the most important industrial and financial center in Chile and the nation's most significant industrial and commercial hub. Santiago generates 45% of the country's revenue. Additionally, the city is one of the largest banking hubs in South America, alongside Buenos Aires and São Paulo.

Numerous foreign organizations, including ECLAC (Economic Commission for Latin America and the Caribbean), have offices in Santiago. The local tech sector has gained momentum as a result of these substantial arrivals. Santiago offers businesses a supportive environment and government assistance to foster rapid technological innovation. Chile's exceptional connectivity has benefited these large enterprises. The country's 5G technology and both continental and intercontinental fiber optics make the region more appealing for investment.

Chile Data Center Cooling Market: Chile Data Center Construction Market, CAGR %, 2023-2029, By Hotspot

Chile Data Center Cooling Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)