Singapore Data Center Cooling Market Insights Forecasts to 2033

• The Singapore Data Center Cooling Market Size was valued at USD 50.5 Million in 2023.
• The Market Size is growing at a CAGR of 14.49% from 2023 to 2033
• The Singapore Data Center Cooling Market Size is expected to reach USD 195.4 Million by 2033

The Singapore Data Center Cooling Market is anticipated to exceed USD 195.4 Million by 2033, growing at a CAGR of 14.49% from 2023 to 2033. The evolving IT infrastructure, emergence of green data centers, technological advancements in cooling solutions, and government support in digital infrastructure are driving the growth of the data center cooling market in the Singapore.     

Market Overview

Data center cooling is a system that maintains the temperature within the center environment in order to ensure the optimal operating conditions of electronic equipment such as servers, networking devices, and storage systems. This is important for preventing overheating of the equipment as it may cause malfunctioning. In addition to guaranteeing equipment dependability on thermal management in data center, efficient thermal management also takes care of issues like cost management, operational efficiency, and environmental sustainability. There are many different types of products available in the market, such as liquid cooling, air handling units, chillers, air conditioners, and precision air conditioners. The increasing popularity of liquid cooling systems over traditional air-cooling systems due to their sustainability, lower energy consumption, and cost-effectiveness are leveraging market opportunity. Further, the increasing adoption of cloud services and the use of artificial intelligence (AI) in liquid cooling technologies by organizations are bolstering the data center cooling market.    

Report Coverage

This research report categorizes the market for the Singapore data center cooling market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore data center cooling market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore data center cooling market.

Driving Factors

The evolving IT infrastructure in the country owing to continued investments, training programs, R&D support, a highly skilled talent pool, few cultural and language barriers, and an ecosystem that promotes innovation is contributing to driving the market. Further, the emergence of green data centers that use energy-efficient technologies to optimize energy use and minimize environmental impact is propelling the market growth for data center cooling. 

Restraining Factors

The cooling system’s costs, adaptability requirements, and power outages are the factors challenging the Singapore data center cooling market.

Market Segmentation

The Singapore Data Center Cooling Market share is classified into cooling technology and end-user.

• The liquid-based cooling segment is anticipated to grow at the fastest CAGR during the forecast period.

The Singapore data center cooling market is segmented by cooling technology into air-based cooling, liquid-based cooling, and evaporative cooling. Among these, the liquid-based cooling segment is anticipated to grow at the fastest CAGR during the forecast period. Liquid cooling has superior heat transfer properties with efficient and cost-effective cooling properties. For instance, water-cooled data centers use roughly 10% less energy and produce 10% less CO2 than conventional air-cooled data centers. The increasing emphasis on sustainability surging demand for liquid cooling and technological advancements including AI and blockchain are driving the market growth.

• The IT & telecom segment dominates the market with the largest market share during the forecast period.

Based on the end-user, the Singapore data center cooling market is divided into BFSI, IT & telecom, manufacturing, retail, healthcare, energy & utilities, and others. Among these, the IT & telecom segment dominates the market with the largest market share during the forecast period. Cooling systems are required in IT telecom industries for high-performance computing equipment, which produces a significant amount of heat in a relatively small physical space. There is driving demand and use of technology and telecommunications in the country by initiating progressive initiatives like the Digital Economy Framework, Smart Nation Initiative, Digital Government Blueprint, and Industrial Transformation Map.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore data center cooling market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Schneider Electric SE
• Stulz GmbH
• Vertiv Group Corp.
• Rittal GMBH & Co.KG
• Johnson Controls International PLC
• Fujitsu General Limited
• Canatec Pte Ltd
• Hitachi Ltd.
• Emerson Electric Co.
• Alfa Laval Corporate AB
• Aggreko plc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, Managed service provider Interactive launched a data center immersion cooling aimed at delivering better high-performance computing (HPC) capabilities for customers.

• March 2023, LiquidStack, the global leader in liquid immersion cooling for data centers, has received an investment from Trane Technologies, a global climate innovator. The investment would help further support the adoption of LiquidStack’s solutions and significantly reduce data center carbon footprint, water consumption, e-waste and environmental impact, while creating additional value for both Trane and LiquidStack customers.

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Data Center Cooling Market based on the below-mentioned segments:

Singapore Data Center Cooling Market, By Cooling Technology

• Air-Based Cooling
• Liquid-Based Cooling
• Evaporative Cooling

Singapore Data Center Cooling Market, By End-User

• BFSI
• IT & Telecom
• Manufacturing
• Retail
• Healthcare
• Energy & Utilities
• Others