Thailand Data Center Cooling Market Size (2024 - 2029)

The Thailand Data Center Cooling Market is poised for growth, driven by the increasing demand for cloud computing among small and medium enterprises, stringent government regulations on local data security, and rising investments from domestic players. This growth is reflected in the expanding market size, with significant developments in IT load capacity, construction of raised floor areas, and the installation of racks, particularly concentrated in Bangkok. Additionally, the country's strategic position with multiple submarine cable systems enhances its connectivity, further supporting the market's expansion.

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Market Size of Thailand Data Center Cooling Industry

Thailand 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) 7.30 %
Market Concentration Medium

Major Players

Thailand Data Center Cooling Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thailand Data Center Cooling Market Analysis

The Thailand Data Center Cooling Market is expected to register a CAGR of 7.30% 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/region.

  • The upcoming IT load capacity of the Thailand data center market is expected to reach 260 MW by 2029. The country's construction of raised floor area is expected to increase to 0.6 million sq. ft by 2029.
  • The country's total number of racks to be installed is expected to reach 31.5K units by 2029. Bangkok is expected to house the maximum number of racks by 2029. The average temperature is 26.3 °C in the north and 27.5 °C in the south and coast.
  • There are close to 12 submarine cable systems connecting Thailand, and many are under construction. One such submarine cable that is estimated to start service in 2024 is SEA-H2X, which stretches over 5,000 km with landing points from Songkhla, Thailand.

Thailand 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 Thailand 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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Thailand Data Center Cooling Market Size Summary

The Thailand data center cooling market is experiencing significant growth, driven by the increasing demand for cloud computing, government regulations on data security, and substantial investments by local players. The country's digital infrastructure is expanding rapidly, with Bangkok expected to host the majority of data center racks. Despite the challenges posed by Thailand's hot and humid climate, the market is adopting advanced cooling technologies such as direct expansion and liquid cooling systems to maintain optimal server temperatures. These technologies are crucial for supporting the rising IT load capacity and the growing number of data centers across the region. The market is also benefiting from the development of submarine cable systems, which enhance connectivity and support the burgeoning digital economy.

The competitive landscape of the Thailand data center cooling market is marked by the presence of major players like Stulz GmbH, Schneider Electric SE, and Vertiv Group Corp., who are leading the charge in adopting sustainable and efficient cooling solutions. Recent advancements include the use of environmentally friendly refrigerants and innovative cooling technologies, such as immersion cooling, which significantly improve energy efficiency. The Thai government's initiatives to foster digital transformation, including partnerships with international tech companies and investments in 5G and AI, are further propelling the demand for data center facilities. As the ICT sector continues to expand, the need for advanced cooling solutions in data centers is expected to grow, ensuring the sustainability and efficiency of digital infrastructure in Thailand.

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Thailand 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 Development of IT Infrastructure in the Region

      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

Thailand Data Center Cooling Market Size FAQs

The Thailand Data Center Cooling Market is projected to register a CAGR of 7.30% during the forecast period (2024-2030)

Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Johnson Controls International PLC and Emerson Electric Co. are the major companies operating in the Thailand Data Center Cooling Market.

Thailand Data Center Cooling Market Report Snapshots

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