Data Center Refrigerant Market Analysis

  • Report ID: 6611
  • Published Date: Jan 10, 2025
  • Report Format: PDF, PPT

Data Center Refrigerant Segmentation

 Refrigerant (HFCs, HFOs)

HFCs segment is set to hold more than 59.8% data center refrigerant market share by 2037. Despite being scrutinized for their impact on global warming, the continuation of legacy systems has driven steady growth in this segment. Rapid adoption to an extent and high cooling efficiency have made HFCs the first choice for data centers. However, the high GWP is forcing suppliers to upgrade the formulation and cooling systems to make them less harmful. New energy and cost-efficient reagents are being utilized to deliver similar performance as conventional HFCs. The transition is expected to change the shape of the market significantly in upcoming years.

Data Center (Enterprise, Colocation, Cloud, Hyperscale)

In terms of data centers, the enterprise segment in the data center refrigerant market is expected to show remarkable growth by the end of 2037. The increasing need for optimized and cost-effective management of large-scale data is fostering greater investment opportunities in this segment. Enterprises are flexible to participate in the transition towards low-GWP cooling technologies. This further inspires the industry to invest in research and development of eco-friendly solutions. Enterprises are now partnering with tech companies to install cooling systems for their data center. For instance, in June 2024, Hewlett Packard Enterprise partnered with Danfoss to develop modular data centers.

Our in-depth analysis of the data center refrigerant market includes the following segments:

Refrigerant

  • HFCs
  • R-134A
  • R-404A
  • HFOs
  • Others

Data Center

  • Enterprise
  • Colocation
  • Cloud
  • Hyperscale

Cooling

  • Air cooling
  • Liquid cooling
  • Free cooling

Application

  • IT cooling system
  • Facility cooling system

End use

  • BFSI
  • IT and Telecom
  • Government and Defence
  • Healthcare
  • Energy
  • Manufacturing
  • Retail
  • Others 

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of data center refrigerant is assessed at USD 714.3 million.

The data center refrigerant market size was over USD 656.4 million in 2024 and is estimated to reach USD 1.88 billion by the end of 2037, expanding at a CAGR of 9.2% during the forecast timeline, i.e., 2025-2037.

North America industry is predicted to account for largest revenue share of 37.1% by 2037, owing to technological development in the region.

The major players in the market include 3M, Arkema, Asetek, Climalife, Daikin Industries, Dow, Honeywell International, M&I Materials, Orbia, The Chemours Company, and others.
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