Data Center Refrigerant Market Size

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. In 2025, the industry size of data center refrigerant is estimated at USD 716.7 million. The exponential growth in data sharing and storage industry is fueling the demand for advanced cooling systems. The number of data centers is increasing due to the integration of cloud computing and big data analytics technologies. According to a report published by the U.S. International Trade Commission, in May 2021, the total number of data centers worldwide accounted to be 8000. The number is predicted to grow rapidly with technological advancement in every industry.

The rising demand in the data center refrigerant market is inspiring global leaders to focus on developing more efficient cooling systems. They are concentrating on introducing innovation in this sector. In February 2020, Honeywell launched a new e-cooling heat transfer cooling agent, Solstice for electronics in data centers. The custom facility sup-scales data storage through AI while reducing energy usage and CO2 emissions. Such developments further propel the need for advanced energy recovery systems such as refrigerating solutions. The shift towards low-GWP refrigerants is promoting sustainability through these improved cooling systems and helping this industry align with environmental regulations.