Singapore Data Center Cooling Market Size (2024 - 2029)

Singapore Data Center Cooling Market Analysis

The Singapore Data Center Cooling Market size is estimated at USD 120.70 million in 2024, and is expected to reach USD 193.90 million by 2030, growing at a CAGR of 8.22% during the forecast period (2024-2030).

• 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.
• The upcoming IT load capacity of the Singapore data center market is expected to reach more than 1000 MW by 2030. The country's construction of raised floor area is expected to increase above 3.3 million sq. ft by 2030.
• The country's total number of racks to be installed is expected to reach above 1,65,000 units by 2030. East and West Singapore are expected to house the maximum number of racks by 2030. The climate in Singapore is hot, muggy, and cloudy. Throughout the year, temperatures typically fluctuate between 24 and 30°C, rarely dropping below 24°C or above 30°C. Depending upon climatic conditions, the DC cooling is processed in the DC facilities.
• There are close to 76 submarine cable systems connecting Singapore, and many are under construction. In June 2023, with three new landing sites, Singapore announced plans to double its submarine cable capacity over the next decade.

Singapore 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 Singapore Data Center cooling market study comprises by Technology (Air-based cooling (Chiller and Economizer, CRAH, Cooling Towers and Others), Liquid-based cooling (Immersion Cooling, Direct-to-chip Cooling, Rear-Door Heat Exchanger)), type of data center (Hyperscaler, Enterprise and Colocation) , by End-User Industry(IT & Telecom, Retail & Consumer Goods, Healthcare, Media & Entertainment, Federal & Institutional agencies, and Other end-users).

The market sizes and forecasts are provided in values of USD for all the above segments.