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The South Korea Data Center Market report segments the industry into Hotspot (Busan, Greater Seoul, Rest of South Korea), Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), and Absorption (Non-Utilized, Utilized). Get five years of historical data alongside five-year market forecasts.
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In 2023, the South Korea Data Center Market value is projected to surge to $ 4.27 billion by 2030 at a CAGR of 17.1% from 2024 to 2030
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South Korea data center market size reached USD 4.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.3 Billion by 2033, exhibiting a growth rate (CAGR) of 8.6% during 2025-2033. The increasing demand for cloud computing services is stimulating the market across the country.
Report Attribute
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Key Statistics
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Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024
| USD 4.1 Billion |
Market Forecast in 2033
| USD 9.3 Billion |
Market Growth Rate 2025-2033 | 8.6% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with the South Korea data center market forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on data center size, tier type, and absorption.
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The South Korea Data Center Construction Market report segments the industry into By Infrastructure (By Electrical Infrastructure, By Mechanical Infrastructure, General Construction), By Tier Type (Tier 1 and 2, Tier 3, Tier 4), and By End User (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Defense, Healthcare, Other End Users). Get five years of historical data and market forecasts.
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The South Korea data center construction market is experiencing robust growth, fueled by the nation's thriving digital economy and increasing demand for cloud services, big data analytics, and the Internet of Things (IoT). The market, valued at approximately $X million in 2025 (assuming a logical estimation based on the provided CAGR of 15.83% and the unspecified 2019-2024 market size), is projected to expand significantly over the forecast period (2025-2033). This expansion is driven by several key factors. Firstly, South Korea's substantial investments in 5G infrastructure are creating a foundation for data-intensive applications and higher data center requirements. Secondly, the government's initiatives to promote digital transformation across various sectors, including BFSI, healthcare, and government, are stimulating further demand. Thirdly, the growing adoption of hyperscale data centers by major technology companies is significantly contributing to market growth. However, the market faces challenges like land scarcity and high construction costs in major metropolitan areas, potentially slowing expansion in certain regions. Despite these constraints, the market's segmentation reveals promising opportunities. The large and mega data center segments are expected to witness the most substantial growth, driven by the need for high capacity and advanced infrastructure. Within infrastructure segments, cooling infrastructure, particularly evaporative cooling solutions given South Korea's climate, and power infrastructure, including power distribution units (PDUs), are poised for significant expansion. Furthermore, the increasing adoption of advanced technologies like AI and machine learning is creating demand for sophisticated design and consulting services within the data center construction sector. Key players, including global giants like IBM, Cisco, and Schneider Electric, alongside regional players, are actively competing for market share, driving innovation and competition within the South Korea data center construction landscape. The continued growth trajectory suggests a lucrative future for those involved in this dynamic market. Recent developments include: November 2022: Naver Corp., has started the construction of its second data center, Gak Sejong Center, which is built in Sejong City. It is expected to be completed by the end of 2023., January 2022: Equinix Inc. is aiming to open two hyperscale data centers, SL2x and SL3x, in Seoul which are scheduled to open by 2023 and 2024 respectively. Both of the data centers are expected to provide an IT load capacity of 24 MW each.. Key drivers for this market are: Increased Migration to Cloud-based Business Operations, Rise of Green Data Centers; Government Support in the Form of Tax Incentives for Development of Data Centers. Potential restraints include: Higher Initial Investments and Low Availability of Resources. Notable trends are: Growing Preference for Tier 4 Standard Data Centers.
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The South Korea Data Center Server Market is Segmented by Form Factor (Blade Server, Rack Server, and Tower Server) and by End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End-Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
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The data center power management industry in Korea is poised to undergo an average compound annual growth rate of 6.5% through 2034. The industry in Korea is standing at the threshold of significant prospects, starting with a valuation of US$ 465.0 million in 2024.
Attributes | Details |
---|---|
Industry Size for Data Center Power Management in Korea in 2024 | US$ 465.0 million |
Expected Industry Size for Data Center Power Management in Korea by 2034 | US$ 875.2 million |
Forecasted CAGR from 2024 to 2034 | 6.5% |
Category-wise insights
Data Center Power Management in Korea based on Data Center Type | Modular Data Centers |
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Share in % in 2024 | 25.1% |
Data Center Power Management in Korea based on Data Center Tier | Tier 4 |
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Share in % in 2024 | 34.6% |
Scope of the Report
Attribute | Details |
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Estimated Industry Size in 2024 | US$ 465.0 million |
Projected Industry Size by 2034 | US$ 875.2 million |
Anticipated CAGR from 2024 to 2034 | 6.5% CAGR |
Historical Analysis of Demand for Data Center Power Management in Korea | 2019 to 2023 |
Demand Forecast for Data Center Power Management in Korea | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the adoption of Data Center Power Management in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Providers in Korea |
Key Provinces Analyzed while Studying Opportunities in Data Center Power Management in Korea |
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Key Companies Profiled |
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In 2023, the market size of private data centers in South Korea was estimated to be around **** trillion South Korean won. The total size of the private data center market was estimated to be about **** trillion won that year.
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The South Korea Data Center Power Market report segments the industry into Power Infrastructure (Electrical Solution, Service) and End-User (IT & Telecommunication, BFSI, Government, Media & Entertainment, Other End-User). Get five years of historical data alongside five-year market forecasts.
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The South Korea data center colocation market size was valued at USD 800 million in 2023 and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 10.04%
Data Center Chip Market Size 2025-2029
The data center chip market size is forecast to increase by USD 3.08 billion, at a CAGR of 3.6% between 2024 and 2029.
The market is experiencing significant growth due to several key trends. Advancements in chip technology continue to drive market expansion, as data centers seek to accommodate increasing data processing requirements. The rising popularity of artificial intelligence (AI), Internet of Things (IoT), and big data-ready infrastructure is also fueling market growth. Additionally, cybersecurity concerns are pushing data center operators to invest in more secure chip solutions. These trends are shaping the future of the market, providing opportunities for companies to innovate and meet the evolving needs of businesses and organizations. However, challenges such as high costs and complex integration processes persist, requiring careful consideration and strategic planning from market participants. The data center chip market is experiencing significant growth, driven by the increasing demand for advanced computing technologies.
What will be the Size of the Data Center Chip Market During the Forecast Period?
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The market is experiencing significant growth due to the increasing demand for advanced chip technology in cloud computing. Companies are leading the charge in this sector, integrating chip technology into their smart computing devices to enhance their cloud services. Geographical expansion is a key driver in the market. As businesses expand their operations globally, there is a growing need for reliable and efficient data processing capabilities. Chip technology plays a crucial role in providing the necessary processing power and bandwidth to support web applications, databases, big data, and machine learning algorithms. Collaborations between industry leaders and chip manufacturers are also fueling innovation in the market.
For instance, partnerships between chipmakers and IT & telecom companies are leading to the development of customized solutions for specific industry verticals, such as manufacturing. Field-Programmable Gate Array (FPGA) technology is a significant trend in the market. FPGAs offer flexibility and customization, making them ideal for handling complex workloads and processing large amounts of data in real-time. The market is not limited to cloud computing alone. It also plays a vital role in powering various industries, including finance, healthcare, and retail, by providing the necessary computing power for their web applications and databases.
How is the Data Center Chip Market Segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
GPUs
ASICs
CPUs
FPGAs
Business Segment
Small and medium
Large
Geography
North America
Canada
US
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
South America
Brazil
Middle East and Africa
By Product Insights
The GPUs segment is estimated to witness significant growth during the forecast period.
GPUs, initially developed by NVIDIA for graphics processing, have become essential components in artificial intelligence (AI) systems due to their ability to execute billions of calculations per second. Their efficiency in handling graphics workloads and offloading some CPU tasks aim to enhance computing efficiency. Neural network processing, similar to image manipulation, relies on GPUs as primary processing units for both training and inference processes. The segment's growth is driven by the increasing demand for high-bandwidth GPUs, which exceeds the capabilities of GDDR5 and subsequent interfaces. In the data center landscape, GPUs are increasingly being integrated into cloud computing and smart computing devices, fueling geographical expansion and collaborations in the industry.
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The GPUs segment was valued at USD 4.62 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 52% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing growth due to increased investments from hyperscale cloud providers, colocation service providers, and enterprises seeking to upgrade their IT infrastructure for edge computing, 5G, multi-cloud services, big
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The size of the South Korea Data Center Storage market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.61% during the forecast period.South Korea Data Center Storage Market is one of the vital components of the booming technology industry in the country. It defines the specific infrastructures and systems designed to store and manage massive amounts of digital data in a data center. Storage in data centers is very essential for all finance, health care, government, and telecom sectors. It mainly ensures to provide secure, reliable, and efficient data storage and retrieval such that companies can continue operating while competing more efficiently in the new digital space. Key drivers for this market are: Expansion of IT Infrastructure to Increase Market Growth, Increased Investments in Hyperscale Data Centers To Increase Market Growth. Potential restraints include: High Initial Investment Cost To Hinder Market Growth. Notable trends are: IT & Telecommunication Segment to Hold Major Share in the Market.
Data Center Power Market Size 2025-2029
The data center power market size is forecast to increase by USD 24.05 billion, at a CAGR of 10.8% between 2024 and 2029.
The market is experiencing significant growth due to increasing investments in data centers and high-performance computing (HPC) systems. This trend is driven by the rising demand for digital transformation and the increasing adoption of cloud services. However, the market also faces challenges such as UPS battery failure and the need for energy efficiency.
To address these challenges, market participants are focusing on advanced technologies like lithium-ion batteries and renewable energy sources. Moreover, the implementation of energy-efficient practices and the use of smart grids are expected to mitigate the energy consumption issues in data centers. Overall, the market is poised for steady growth, driven by these trends and the increasing demand for reliable and efficient power solutions.
What will be the Size of the Data Center Power Market During the Forecast Period?
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The market is experiencing significant growth as advanced systems, such as modular data centers, gain popularity. These systems offer flexibility and scalability, making them an attractive option for businesses adapting to work-from-home models. Power Distribution Units (PDUs) and Uninterruptible Power Supply Systems (UPS) are essential components of data centers, ensuring reliable power delivery and protection against power outages. Battery monitoring equipment and PUE monitoring devices are also crucial in optimizing energy conservation and improving overall efficiency. Intelligent power strips and battery monitoring devices are advanced technologies that enhance power management, providing real-time data and analytics for medium-sized enterprises, web hosting cloud providers, colocation data centers, and even mega data centers.
Cloud computing and computational power have led to an increase in demand for advanced power management solutions. Compatible devices, such as PDUs, UPS, busways, and other power technologies, are essential to support sectors such as IT & telecommunications, government, healthcare, retail, banking, financial services, and insurance. Initial investment in power infrastructure can be substantial, but the long-term benefits, including energy savings and improved reliability, make it a worthwhile investment. The integration of these power management technologies in data centers contributes to the overall market dynamics, enabling businesses to meet their growing power needs while maintaining energy efficiency and reducing their carbon footprint.
How is the Data Center Power Market Segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Generators
Transformers
UPS
Transfer switches and switchgears
Others
End-user
IT and telecom
BFSI
Energy
Healthcare
Retail
Services
Design & Consulting
Integration & Deployment
Support & Maintenance
Geography
North America
Canada
US
Europe
Germany
UK
France
APAC
China
India
Japan
South Korea
South America
Middle East and Africa
By Product Insights
The generators segment is estimated to witness significant growth during the forecast period.
Data centers rely on generators as backup power sources during power outages. The selection of a generator depends on the required backup time and power capacity. Enterprises should consider the power system architecture of their data centers before installing a generator. Generators are classified into gas, diesel, and bi-fuel types based on fuel source. Choosing a generator based on the fuel option can help reduce operating costs. Energy conservation technologies, such as PUE monitoring devices, intelligent power strips, and battery monitoring devices, are essential in data centers to optimize energy usage and reduce the overall power consumption. Cloud computing and computational power have led to increased energy demand in data centers, making energy efficiency a priority for medium-sized enterprises.
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The generators segment was valued at USD 6.89 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 29% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions, Request
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South Korea Data Center Rack Market: Market Overview and Key Trends The South Korea data center rack market is projected to experience steady growth over the next decade, driven by the rapidly expanding IT and telecommunications industry. The market is expected to grow at a CAGR of 8.40% during the forecast period of 2025-2033, reaching a value of XX million by 2033. Key drivers of growth include the increasing adoption of cloud computing, the proliferation of big data, and the growing demand for high-performance computing. Additionally, government initiatives to support the development of data center infrastructure are expected to further fuel market expansion. Segment and Competitive Landscape The South Korean data center rack market is segmented based on rack type, rack size, and end-user industry. Open frame racks are anticipated to account for the largest share of the market, due to their cost-effectiveness and ease of installation. Half racks and full racks are also expected to witness significant growth, primarily driven by the demand for increased server density and storage capacity. The IT & telecommunications sector is expected to remain the predominant end-user, followed by the BFSI and government sectors. Key players in the market include Delta Power Solutions, Hewlett Packard Enterprise, and Dell Inc., among others. These companies are focusing on offering innovative solutions to meet the growing demands of the data center industry, including energy-efficient racks, modular designs, and integrated management platforms. The South Korea data center rack market is growing rapidly, driven by the increasing demand for data storage and processing in the country. The market is expected to grow from 4.5 million units in 2023 to 8.3 million units by 2028, at a CAGR of 12.5%. Recent developments include: November 2022: Naver, the DC operator, has started the construction of its second data center, Gak Sejong Center, which was built in Sejong City. It is expected to be completed by the end of 2023., October 2022: KINX entered into a strategic partnership with Zadara, an edge cloud services provider, to provide its storage, storage-as-a-service, to the Korean market through KINX's CloudHub., January 2022: Equinix aimed to open two data centers, SL2x and SL3x, in Seoul, which are scheduled to open by 2023 and 2024, respectively. Both of the data centers are expected to provide an IT load capacity of 24 MW each.. Key drivers for this market are: 9.1 Increasing Number of Smartpone Users9.2 Fiber Connectivity Network Expansion in South Korea. Potential restraints include: 10.1 Increasing number of Data Security Breaches10.2 Low Availability of Skilled Workforce. Notable trends are: IT & Telecommunication holds the major share..
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The South Korea data center construction market presents a compelling investment opportunity, exhibiting robust growth projected to reach $5.19 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 16.18% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning digital economy in South Korea, coupled with increasing government initiatives promoting digital transformation and cloud adoption, is significantly increasing demand for modern, high-capacity data centers. Furthermore, the nation's strong technological infrastructure and skilled workforce provide a fertile ground for data center development. Growth is further accelerated by the expansion of e-commerce, the rising adoption of big data analytics, and the increasing reliance on cloud-based services across various sectors, including banking, finance, IT and telecommunications, and government. The market segmentation reveals a significant contribution from electrical infrastructure, including power distribution solutions (PDUs, transfer switches, switchgear) and power backup solutions (UPS, generators). Mechanical infrastructure, encompassing cooling systems and racks, also plays a vital role. Tier 3 and Tier 4 data centers, demanding advanced infrastructure and higher resilience, are projected to witness substantial growth, reflecting a shift towards more sophisticated data center deployments. The competitive landscape is marked by a mix of established domestic players like Samsung C&T Corporation, Hyundai Engineering & Construction, and Dailim Co Ltd, along with other significant contributors. While these companies possess strong market positions, new entrants and innovative solutions, particularly in areas such as sustainable cooling technologies and energy-efficient designs, are expected to influence market dynamics in the coming years. Challenges remain, however, including land scarcity in major urban areas and the need for substantial investment in power grid infrastructure to support the growing demand. Despite these hurdles, the positive growth trajectory is anticipated to continue, driven by the sustained growth of the digital economy and the increasing need for robust data center facilities in South Korea. Recent developments include: July 2023: GIC, a sovereign wealth fund, is in the process of securing funds for a data center located near Seoul, South Korea. The total project is valued at around KRW 900 billion (approximately USD 704.23 million). The Police Mutual Aid Association contributed KRW 30 billion (equivalent to USD 23.4 million) through project financing loans. The data center is slated for completion in 2026, with an estimated three-year construction timeline., June 2023: Empyrion DC commenced construction on its inaugural data center in Seoul's Gangnam district, South Korea. Spanning 30,715 square meters (about 330,615 square feet) and boasting a 40 MW IT load capacity, this nine-story facility is slated for launch in the first half of 2025.. Key drivers for this market are: 4., Increase in Data Center Investments and Availability of Free Trade Zones4.; Rising Demand for Cloud Based Services and Investment in Cloud Computing. Potential restraints include: 4., Increase in Data Center Investments and Availability of Free Trade Zones4.; Rising Demand for Cloud Based Services and Investment in Cloud Computing. Notable trends are: Tier 3 Holds Highest Market Share.
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The size of the South Korea Data Center Networking market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.80% during the forecast period.Data center networking consists of specialized infrastructure and technologies designed to connect and manage a variety of components within a data center. Among the devices are switches, routers, firewalls, and load balancers for the smooth communication of servers and other IT equipment with their respective storage systems.The South Korea data center networking market is driven by rapid technological advancements in the country, and the increasing demand for data-intensive services. Cloud computing, big data analytics, and artificial intelligence grow with each passing day; the businesses and individuals need the same and require robust and scalable data center networks.The dominant trends in South Korea are now an intensified presence by world technology behemoths and also the increasing number of players within that region. Therefore, in the South Korean market, it is oriented on the SDN and NFV technologies so as to augment agility, efficiency, and security on networks. Recent developments include: July 2023: Broadcom Corporation revealed a groundbreaking development for enterprise data centers- Broadcom Trident 4-X7 Ethernet switch ASIC. This 4.0 Terabits/second fully programmable switch is custom-made for Top of Rack (ToR) boxes, catering to their specific demands., June 2023: Cisco Inc. announced its vision for Cisco Networking Cloud, an integrated management platform experience for both on-prem and cloud operating models. The new innovations include SSO, API key exchange/repository, sustainable data center networking solutions and expanded network assurance with Cisco ThousandEyes.. Key drivers for this market are: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: High Cost of Installation and Maintenance. Notable trends are: BFSI to Hold Significant Market Share.
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The South Korea data center server market is experiencing robust growth, fueled by increasing digitalization, cloud adoption, and the expansion of 5G networks. The market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided 8.40% CAGR and a 2019-2024 historical period), is projected to maintain a strong compound annual growth rate (CAGR) of 8.40% through 2033. Key drivers include government initiatives promoting digital transformation, the burgeoning e-commerce sector demanding greater server capacity, and a growing need for high-performance computing (HPC) solutions across various industries like IT & Telecommunications, BFSI (Banking, Financial Services, and Insurance), and Media & Entertainment. The rising adoption of advanced server technologies like blade servers and the increasing demand for edge computing are also significantly contributing to market expansion. While potential restraints such as economic fluctuations and global supply chain disruptions could influence growth, the overall outlook for the South Korean data center server market remains positive. The market is segmented by form factor (blade, rack, tower servers) and end-user (IT & Telecommunications, BFSI, Government, Media & Entertainment, and Others). The IT & Telecommunications sector is currently the largest segment, driven by the need for robust infrastructure to support expanding network operations and data storage. However, significant growth opportunities exist in the BFSI and Government sectors, as these industries increasingly invest in digital transformation strategies and enhanced cybersecurity measures. Leading vendors such as HP Enterprise, Lenovo, Inspur, Dell, and others are competing intensely to capture market share through product innovation, strategic partnerships, and aggressive expansion strategies. The South Korean market’s future growth trajectory hinges on continuous technological advancements, government support for digital infrastructure, and the sustained growth of data-intensive applications. Recent developments include: August 2023 - Hewlett Packard Enterprise announced that phoenixNAP is expanding its Bare Metal Cloud platform with cloud-native HPE ProLiant RL300 Gen11 servers, using energy-efficient processors from AmpereComputing. The expanded services support AI inferencing, cloud gaming, and other cloud-native workloads with improved performance and energy efficiency., June 2023 - Kingston Technology announced the release of its 32 GB and 16 GB Server Premier DDR5 5600 MT/s and 5200 MT/s ECC Unbuffered DIMMs and ECC SODIMMs. Server Premier is Kingston's industry-standard server class memory solution sold by the specification for use in white-box systems and is the Intel platform validated and qualified by leading motherboard system manufacturers.. Key drivers for this market are: Government Rollout Towards Fiber Connectivity and 5G Deployment, Adoption of Digital Banking. Potential restraints include: High CaPex for Building Data Center Along With Security Challenges. Notable trends are: BFSI to Hold Significant Growth.
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The South Korea Data Center Processor Market Report is Segmented by Processor Type (CPU, GPU, FPGA, AI Accelerators), by Application (Advanced Data Analytics, AI/ML Training and Inferences, High Performance Computing, Security and Encryption, Network Functions, and Others), by Architecture (x86 and Non-X86 (ARM, Power and Other Processors), and by Data Center Type (Enterprise, Colocation and Cloud Service Providers). The Report Offers the Market Size and Forecasts for all the Above Segments in Terms of Value (USD).
Data Center Cooling Solutions Market Size 2025-2029
The data center cooling solutions market size is forecast to increase by USD 81.42 billion at a CAGR of 36.9% between 2024 and 2029.
The market is experiencing significant growth due to the increasing demand for data centers to support digital transformation and the adoption of high-performance computing (HPC) applications. With the wave in data generation and the subsequent need for efficient data processing and storage, the market is poised for substantial expansion. However, this growth is not without challenges. Environmental concerns, particularly around energy efficiency and carbon emissions, are becoming increasingly important. Data centers consume vast amounts of electricity, and cooling systems account for a significant portion of this energy usage. As a result, there is a growing emphasis on developing more energy-efficient cooling solutions, such as liquid cooling and indirect evaporative cooling.
Companies seeking to capitalize on this market opportunity must stay abreast of the latest trends and technologies while also navigating the challenges of regulatory compliance and sustainability requirements. By focusing on innovation, energy efficiency, and environmental sustainability, players in the market can effectively meet the demands of their customers and remain competitive in this dynamic and evolving landscape.
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The market is experiencing significant growth due to the increasing demand for data-intensive applications, cloud computing, and digital services. IT infrastructure requirements continue to evolve, driving the need for advanced cooling technologies to address the heat dissipation challenges posed by high-density servers, AI-driven applications, and network switches. Pre-engineered cooling modules and centralized storage systems are gaining popularity for their energy efficiency and ability to handle increasing data traffic. Cooling technologies, such as air conditioning, liquid cooling, immersion cooling, and precision cooling, are being adopted to reduce power consumption and improve server performance. Energy-efficient data centers are a priority for colocation service providers, web hosting companies, and web 2.0 firms, as they address load conditions and sustainability concerns.
Data generation from IoT platforms and OTT platforms further increases the demand for cooling solutions. The market is expected to continue growing as businesses prioritize energy efficiency, server performance, and environmental impact in their IT infrastructure.
How is this Data Center Cooling Solutions Industry segmented?
The data center cooling solutions industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationAir conditioningEconomizersCooling towersChillersOthersTechniqueAir-based coolingLiquid-based coolingData Center TypeTier 1Tier 2Tier 3Tier 4Cooling TechniqueRack/Row BasedRoom BasedComponentSolutionsServicesEnd-UserIT and TelecomBanking, Financial Services, and Insurance (BFSI)HealthcareRetailManufacturingGeographyAPACChinaIndiaJapanSouth KoreaNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaSouth America
By Application Insights
The air conditioning segment is estimated to witness significant growth during the forecast period. Data center cooling solutions are essential for maintaining optimal temperature and humidity levels in IT infrastructure setups. Air conditioning (AC) units, utilizing DX refrigeration cycles and compressors, regulate airflow and reduce hot spots. In the cooling process, air is circulated through a cooling coil filled with a refrigerant, which transmits cold air to IT equipment. The hot air emitted is then transferred to another AC unit. Modern data centers employ precision cooling techniques, which carry exhaust air from enclosure-emitting equipment to minimize bypass air. Cooling technologies, including pre-engineered modules, liquid cooling, and air handling units, cater to varying data traffic and power consumption requirements.
As digital services, cloud computing, and IT infrastructure expand, future-proof cooling solutions are crucial for energy efficiency, environmental sustainability, and data protection. Data center cooling, Air conditioning, Precision cooling, IT infrastructure, Digital services, Cloud computing, Power consumption, Cooling technologies, Pre-engineered modules, Liquid cooling, Air handling units, Energy efficiency, Environmental sustainability, Data protection. Data center cooling expenses are influenced by factors such as IT and telecom, energy and utilities, and colocation service providers. Cooling issues, inclu
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The global data centre UPS market is expected to secure US$ 5,407.8 million in 2023. During the forecast period of 2023 to 2033, the market is likely to exhibit a CAGR of 6.9% while amassing a market value worth US$ 10,571.6, million. The growth of the market can be attributed to the increasing expansion of the consumer electronics sector.
Data Points | Key Statistics |
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Expected Market Value (2023) | US$ 5,407.8 million |
Anticipated Forecast Value (2033) | US$ 10,571.6 ,million |
Projected Growth Rate (2023 to 2033) | 6.9% CAGR |
Report Scope
Attributes | Details |
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Growth Rate | CAGR of 6.9% from 2023 to 2033 |
Market Value in 2023 | US$ 5,407.8 million |
Market Value in 2033 | US$ 10,571.6 ,million |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
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The South Korea Data Center Market report segments the industry into Hotspot (Busan, Greater Seoul, Rest of South Korea), Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), and Absorption (Non-Utilized, Utilized). Get five years of historical data alongside five-year market forecasts.