Data Center Cooling Market to Hit $37.62 Billion by 2033 as AI Drives 16.1% CAGR
Updated
Updated · PR Newswire · Aug 10
Data Center Cooling Market to Hit $37.62 Billion by 2033 as AI Drives 16.1% CAGR
1 articles · Updated · PR Newswire · Aug 10
Summary
$37.62 billion is the projected size of the global data center cooling market in 2033, up from $13.23 billion in 2026, according to a MarketsandMarkets forecast.
16.1% annual growth is being driven by heavier heat loads from expanding cloud computing, AI and big-data workloads, which are pushing operators to deploy more advanced cooling systems.
31.5% is the forecast CAGR for liquid cooling by technology, while liquid cooling systems by component are seen growing 29.5%, reflecting demand from high-density AI and HPC infrastructure.
44.1% of the market was held by North America in 2025, and hyperscale data centers are expected to remain the largest data-center segment through 2033 as major cloud providers expand capacity.
2024-2026 funding rounds of $25 million to $65 million and acquisitions worth $270 million to $9.5 billion point to a consolidating market as established vendors build AI-ready thermal management portfolios.