Hong Kong Data Center Cooling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

The Hong Kong Data Center Cooling Market Report is Segmented by Technology (Air-Based Cooling [Chiller and Economizer, CRAH, Cooling Towers, and Other Air-Based Cooling Technologies] and Liquid-Based Cooling [Immersion Cooling, Direct-To-Chip Cooling, and Rear-Door Heat Exchanger]), Type of Data Center (Hyperscale, Enterprise, and Colocation), and End-User Industry (IT and Telecom, Retail and Consumer Goods, Healthcare, Media and Entertainment, Federal and Institutional Agencies, and Other End-User Industries). The Report Offers Market Sizes and Forecasts in Terms of Value (USD) for the Above Segments.

Hong Kong Data Center Cooling Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

Hong Kong Data Center Cooling Market Size

Hong Kong Data Center Cooling Market Summary
Study Period 2019 - 2031
Base Year For Estimation 2024
Forecast Data Period 2025 - 2031
Market Size (2025) USD 152.28 Million
Market Size (2031) USD 412.15 Million
CAGR (2025 - 2031) 18.05 %
Market Concentration High

Major Players

Hong Kong Data Center Cooling Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hong Kong Data Center Cooling Market Analysis

The Hong Kong Data Center Cooling Market size is estimated at USD 152.28 million in 2025, and is expected to reach USD 412.15 million by 2031, at a CAGR of 18.05% during the forecast period (2025-2031).

  • Summers in Hong Kong are hot, humid, and prone to occasional thunderstorms. Average temperatures range from 28 to 33 °C, with high humidity. For a city like Hong Kong, liquid cooling is an inevitable option that should be accepted as an industry standard.
  • The upcoming IT load capacity of the Hong Kong data center cooling market is expected to reach around 1.8 thousand MW by 2030. The country's construction of raised floor area is expected to increase by more than 6.4 million sq. ft by 2030.
  • The country's total number of racks to be installed is expected to reach above 315 thousand units by 2030. Tseung Kwan O is expected to house the maximum number of racks by 2030.
  • There are close to 2 submarine cable systems connecting Hong Kong, and many are under construction. One such submarine cable that is estimated to start service in 2025 is Asia Cable Link ALC, which stretches over 6,000 kilometers with landing points from Hong Kong.

Hong Kong Data Center Cooling Industry Overview

The Hong Kong data center cooling market is characterized by consolidation among key players who have significantly enhanced their competitive position in recent years. Prominent companies such as Schneider Electric SE, OneAsia Network Limited, and LiquidStack Holding BV dominate this market. These major players, commanding substantial market shares, are actively pursuing strategies to expand their customer base throughout the region. They achieve this by engaging in strategic collaborative initiatives aimed at augmenting their market presence and overall profitability.

Hong Kong Data Center Cooling Market Leaders

  1. Schneider Electric SE

  2. OneAsia Network Limited

  3. LiquidStack Holding B.V

  4. Newtech Group

  5. Rittal GMBH & Co.KG

  6. *Disclaimer: Major Players sorted in no particular order
Hong Kong Data Center Cooling Market Concentration
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Hong Kong Data Center Cooling Market News

  • March 2023: STULZ, a Hamburg-based company specializing in mission-critical air conditioning, announced a significant advancement in its industry-leading CyberAir 3PRO DX series. Some units in this series are now compatible with the low-global-warming-potential (GWP) refrigerant R513A. This breakthrough development underscores the company's ongoing commitment to providing the most sustainable air conditioning systems for data centers. Furthermore, STULZ expanded its product portfolio to incorporate R513A refrigerant in more of its offerings, reinforcing its dedication to eco-friendly solutions which is also available in Hong Kong.
  • March 2023: LiquidStack announced a significant investment from HVAC company Trane Technologies to propel immersion cooling technology to new heights. LiquidStack's proprietary liquid immersion cooling technology represents a leap in sustainable data center cooling. These immersion cooling solutions align seamlessly with the company's ambitious sustainability goals, including a commitment to reduce carbon emissions within its customer base by a staggering 1 billion tons by 2030 and the ultimate achievement of net-zero emissions by 2050. This technology also offers substantial benefits to its users, contributing to their sustainability objectives.

Hong Kong Data Center Cooling Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption & Market Definition
  • 1.2 Scope Of The Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Key Cost Considerations for Cooling
    • 4.2.1 Analysis of the Key Cost Overheads Related to DC Operations with an Eye on DC Cooling
    • 4.2.2 Comparative Study of the Cost and Operational Considerations Related to Each Cooling Technology Based on Key Factors such as Design Complexity, PUE, Advantages, Drawbacks, and Extent of Utilization of Natural Weather Conditions
    • 4.2.3 Key Innovations and Developments in Data Center Cooling
    • 4.2.4 Key Energy Efficiency Practices Adopted in Data Centers

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Development of IT Infrastructure in the Region
    • 5.1.2 Emergence of Green Data Centers
  • 5.2 Market Challenges
    • 5.2.1 Costs, Adaptability Requirements, Power Outages
  • 5.3 Market Opportunities
    • 5.3.1 The Growth of the Digital Economy and Increasing Government's Support
  • 5.4 Comparison of Raised Floor with Containment and Raised Floor Without Containment
  • 5.5 Industry Ecosystem Analysis

6. ANALYSIS OF THE CURRENT DATA CENTER FOOTPRINT IN HONG KONG

  • 6.1 Analysis of IT Load Capacity and Area Footprint of Data Centers (For the Period of 2017-2030)
  • 6.2 Analysis of the Current DC Hotspots and Scope for Future Expansion in Hong Kong
  • 6.3 Analysis of Major Data Center Contractors and Operators in Hong Kong

7. MARKET SEGMENTATION

  • 7.1 By Cooling Technology
    • 7.1.1 Air-based Cooling
    • 7.1.1.1 Chiller and Economizer
    • 7.1.1.2 CRAH
    • 7.1.1.3 Cooling Tower (Covers Direct, Indirect, and Two-stage Cooling)
    • 7.1.1.4 Other Air-based Cooling Technologies
    • 7.1.2 Liquid-based Cooling
    • 7.1.2.1 Immersion Cooling
    • 7.1.2.2 Direct-to-Chip Cooling
    • 7.1.2.3 Rear-Door Heat Exchanger
  • 7.2 By Type of Data Center
    • 7.2.1 Hyperscale (Owned and Leased)
    • 7.2.2 Enterprise (On-premise)
    • 7.2.3 Colocation
  • 7.3 By End-user Industry
    • 7.3.1 IT and Telecom
    • 7.3.2 Retail and Consumer Goods
    • 7.3.3 Healthcare
    • 7.3.4 Media and Entertainment
    • 7.3.5 Federal and Institutional Agencies
    • 7.3.6 Other End-user Industries

8. COMPETITIVE LANDSCAPE

  • 8.1 Company Profiles
    • 8.1.1 Schneider Electric SE
    • 8.1.2 OneAsia Network Limited
    • 8.1.3 LiquidStack Holding BV
    • 8.1.4 Newtech Group
    • 8.1.5 AIREDALE INTERNATIONAL AIR CONDITIONING LTD
    • 8.1.6 Munters Group AB
    • 8.1.7 Huawei Technologies Co. Ltd
    • 8.1.8 Johnson Controls International PLC (York International)
    • 8.1.9 Fujitsu General Limited
    • 8.1.10 Rittal GMBH & Co.KG
    • 8.1.11 Legrand SA
    • 8.1.12 Johnson Controls Inc.
  • *List Not Exhaustive

9. INVESTMENT ANALYSIS

10. MARKET OPPORTUNITIES AND FUTURE TRENDS

11. ABOUT US

**Subject to Availability
*Competitive landscape section will be bifurcated into air-based cooling and liquid-based cooling vendor profiles in full-length report
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Hong Kong Data Center Cooling Industry Segmentation

Data center cooling is a system that helps maintain optimal operating temperatures in data center environments. It is critical, as data center facilities house many computer servers and network equipment that generate heat during operation. Efficient cooling systems are used to dissipate this heat and prevent equipment from overheating, ensuring continued reliable operation of the data center. Methods such as air conditioning, liquid cooling, and hot/cold aisle containment are commonly used to control temperature and humidity in data centers.

The Hong Kong data center cooling market is segmented by technology (air-based cooling [chiller and economizer, CRAH, cooling towers, and other air-based cooling technologies] and liquid-based cooling [immersion cooling, direct-to-chip cooling, and rear-door heat exchanger]), type of data center (hyperscale, enterprise, and colocation), and end-user industry (it and telecom, retail and consumer goods, healthcare, media and entertainment, federal and institutional agencies, and other end-user industries). The report offers market sizes and forecasts in terms of value (USD) for the above segments.

By Cooling Technology Air-based Cooling Chiller and Economizer
CRAH
Cooling Tower (Covers Direct, Indirect, and Two-stage Cooling)
Other Air-based Cooling Technologies
Liquid-based Cooling Immersion Cooling
Direct-to-Chip Cooling
Rear-Door Heat Exchanger
By Type of Data Center Hyperscale (Owned and Leased)
Enterprise (On-premise)
Colocation
By End-user Industry IT and Telecom
Retail and Consumer Goods
Healthcare
Media and Entertainment
Federal and Institutional Agencies
Other End-user Industries
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Hong Kong Data Center Cooling Market Research FAQs

How big is the Hong Kong Data Center Cooling Market?

The Hong Kong Data Center Cooling Market size is expected to reach USD 152.28 million in 2025 and grow at a CAGR of 18.05% to reach USD 412.15 million by 2031.

What is the current Hong Kong Data Center Cooling Market size?

In 2025, the Hong Kong Data Center Cooling Market size is expected to reach USD 152.28 million.

Who are the key players in Hong Kong Data Center Cooling Market?

Schneider Electric SE, OneAsia Network Limited, LiquidStack Holding B.V, Newtech Group and Rittal GMBH & Co.KG are the major companies operating in the Hong Kong Data Center Cooling Market.

What years does this Hong Kong Data Center Cooling Market cover, and what was the market size in 2024?

In 2024, the Hong Kong Data Center Cooling Market size was estimated at USD 124.79 million. The report covers the Hong Kong Data Center Cooling Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hong Kong Data Center Cooling Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.

Hong Kong Data Center Cooling Industry Report

Statistics for the 2025 Hong Kong Data Center Cooling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hong Kong Data Center Cooling analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.