India Data Centre Cooling Market to Grow at a CAGR of 12.4% During 2024-2032, Aided by the Expansion of Data Centre Capacities

The rapid increase in data volume, driven by the growing need for digital services, social media, and video streaming, is prompting companies like Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG) to expand their data centre capacities, aiding the India data centre cooling market expansion. Efficient cooling systems are crucial to manage the influx of data traffic and dissipate the heat generated by densely concentrated computing equipment.

India is the leading country in the Asia Pacific region (excluding China) when it comes to data centre capacity, with a total of 950 MW. In 2023, there was a significant increase of 255 MW in new supply compared to 200 MW in 2022, resulting in a total stock of around 1,030 MW by the end of the year. This rapid growth is expected to continue in 2024, with a planned supply of more than 330 MW distributed across various cities, potentially increasing the stock by 30% annually to reach approximately 1,370 MW. The total data centre stock in India in 2023 was 16 million square feet.

As of November 2023, India is ranked 14th in the world with a total of 151 data centres. The significant growth potential in India's data centre sector is driven by the demands of the IT sector and global capability centres (GCC), the expanding digital economy, including social media, e-commerce, digital transactions, online gaming, and streaming services, as well as the shift towards hybrid workplaces. This presents substantial investment opportunities for businesses offering high-quality data centre cooling solutions and services.

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In February 2024, scientists from the Indian Institute of Technology, Madras, Chennai, developed a new device for cooling data centres called the ‘Integrated Flat Thermosyphon Heat Sink (IFTHS)’. IFHTS, featuring condensers integrated with hollow fins, can increase the lifespan of electronic components by 3.73–17.75 times. It can also reduce the load of room air cooling by 8.04–25.12 kJ/kg while contributing to energy-efficient chip-level thermal management in energy-intensive data centres.

Market Analysis by Component, Data Centre Size, Type of Cooling, Application, and Region:

• By component, the market is bifurcated into solution and services. 

• Based on data centre size, the market is categorised into large data centre, medium data centre, and small data centre. 

• Based on type of cooling, the market can be divided into room-based cooling and row/rack-based cooling. 

• The major application sectors include government, BFSI, IT and telecom, healthcare, and others.

• Region-wise, the India data centre cooling market is divided into East India, West and Central India, North India, and South India.

Key Findings of the Report:

• India is expected to witness the highest increase in data centre capacity, with approximately 850 MW being added between 2024 and 2026. Moreover, the digital economy in India is estimated to reach USD 1 trillion by 2025, surging demand for data centres and consequently cooling systems.

• As of November 2023, Mumbai has 50% of India's data centre capacity, while Chennai has 14%, reflecting the country's 880 million internet users.

• By 2025, the implementation of 5G, artificial intelligence, and machine learning is projected to account for more than 40% of the data centre infrastructure investment in the Asia Pacific region, aiding the India data centre cooling market growth.

• With increasing concerns regarding sustainability, the adoption of liquid cooling solutions that are more cost-effective and energy efficient is significantly increasing.

Key Offerings of the Report:

• The EMR report gives an overview of the India data centre cooling market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the component, data centre size, type of cooling, application, and regions of data centre cooling in India.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India data centre cooling market are Schneider Electric SE, Vertiv Group Corp., STULZ GMBH, Daikin Industries, Ltd., AERMEC S.P.A., Johnson Controls International plc, Nortek Air Solutions, LLC, Munters Group, Guntner LLC, and Fujitsu Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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