Australia Data Center Cooling Market Size (2024 - 2029)

The Australia data center cooling market is experiencing growth driven by factors such as the increasing demand for cloud computing among small and medium enterprises, government regulations for local data security, and rising investments by domestic players. The market's expansion is reflected in the anticipated growth in IT load capacity, construction of raised floor areas, and the installation of racks across major cities like Melbourne, Perth, and Sydney. Additionally, the development of submarine cable systems further supports the market's growth trajectory.

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Market Size of Australia Data Center Cooling Industry

Australia Data Center Cooling Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
Historical Data Period 2019 - 2022
CAGR (2024 - 2030) 7.40 %
Market Concentration Medium

Major Players

Australia Data Center Cooling Market Major Players

*Disclaimer: Major Players sorted in no particular order

Australia Data Center Cooling Market Analysis

The Australia Data Center Cooling Market is expected to register a CAGR of 7.40% during the forecast period.

The Australia data center cooling market reached a value of USD 454.5 million in the previous year, and it is further projected to register a CAGR of 7.4% 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 Australian data center market is expected to reach more than 3,000 MW by 2029. The country's construction of raised floor area is expected to increase above 11.4 million sq. ft by 2029.
  • The country's total number of racks to be installed is expected to reach above 5,70,000 units by 2029. Melbourne, Perth, and Sydney are expected to house the maximum number of racks by 2029. Average annual temperatures observed in Australia from 1901 to 2021. 
  • There are close to 23 submarine cable systems connecting Australia, and many are under construction.

Australia Data Center Cooling Industry Segmentation

Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. Data center cooling 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. Various methods, such as air conditioning, liquid cooling, and hot/cold aisle containment, are commonly used to control temperature and humidity in data centers.

The Australia data center cooling market is segmented by cooling technology type (air-based cooling, liquid-based cooling, and evaporative cooling) and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Cooling Technology
Air-based Cooling
Liquid-based Cooling
Evaporative Cooling
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Australia Data Center Cooling Market Size Summary

The Australia data center cooling market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments by local players. The market is characterized by the adoption of advanced cooling technologies, such as liquid cooling, which offers superior heat transfer properties and is becoming more scalable and cost-effective. This shift is particularly beneficial in managing the high-density racks required for modern data centers. The market is also witnessing the development of AI-ready and sustainable data centers, like GreenSquareDC's WA1 facility, which provides flexibility in cooling options to meet diverse customer needs. The expansion of e-commerce and digital payment systems further fuels the demand for data centers, as businesses seek to enhance their digital infrastructure to support growing online activities.

The competitive landscape of the Australia data center cooling market is marked by the presence of major players such as Stulz GmbH, Schneider Electric SE, and Vertiv Group Corp., who are continually innovating to offer sustainable and efficient cooling solutions. The market is also benefiting from government initiatives aimed at optimizing data center resources and promoting digital transformation across public and private sectors. As the number of internet users and the adoption of technologies like AI, big data, and IoT continue to rise, the demand for efficient data center cooling solutions is expected to grow. This growth is supported by advancements in cooling technologies, such as immersion cooling, which align with sustainability goals and offer significant energy savings. Overall, the market is poised for continued expansion, driven by technological advancements and increasing digitalization across Australia.

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Australia Data Center Cooling Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Volume of Digital Data

      2. 1.2.2 Emergence of Green Data Centers

    3. 1.3 Market Restraints

      1. 1.3.1 Costs, Adaptability Requirements, and Power Outages

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Cooling Technology

      1. 2.1.1 Air-based Cooling

      2. 2.1.2 Liquid-based Cooling

      3. 2.1.3 Evaporative Cooling

    2. 2.2 End-User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End-Users

Australia Data Center Cooling Market Size FAQs

The Australia Data Center Cooling Market is projected to register a CAGR of 7.40% during the forecast period (2024-2030)

Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Rittal GmbH & Co. KG and Mitsubishi Electric Hydronics & IT Cooling Systems SpA are the major companies operating in the Australia Data Center Cooling Market.

Australia Data Center Cooling Market Report Snapshots

Australia Data Center Cooling Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)