Market Size of China Data Center Cooling Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Data Center Cooling Market Analysis
The China data center cooling market reached a value of USD 729.8 million in the previous year, and it is further projected to register a CAGR of 6% during the forecast period.
- The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
- The upcoming IT load capacity of the China data center market is expected to reach more than 3,300 MW by 2029. The country's construction of raised floor area is expected to increase above 11.9 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach above 5,99,000 units by 2029. Beijing, Guangdong, Hebei, Jiangsu, and Shanghai are expected to house the maximum number of racks by 2029. The average annual temperature in the Pearl River Valley is above 20 °C. Depending upon climatic conditions, the DC cooling is done in the DC facilities.
- There are close to 19 submarine cable systems connecting China, and many are under construction. In April 2023, China's state-owned news agency announced the development of a USD 500 million undersea fiber optic cable network that would connect Asia, the Middle East, and Europe, competing with similar US-backed projects.
