Thailand Data Center Cooling Market Size
| Study Period | 2018 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 26.07 Million |
| Market Size (2030) | USD 51.40 Million |
| CAGR (2024 - 2030) | 11.98 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thailand Data Center Cooling Market Analysis
The Thailand Data Center Cooling Market size is estimated at USD 26.07 million in 2024, and is expected to reach USD 51.40 million by 2030, growing at a CAGR of 11.98% 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 Thailand.
- The IT load capacity of the Thai data center cooling market is expected to reach 260 MW by 2030. The country's construction of raised floor area is expected to increase to 0.6 million sq. ft by 2030.
- The country's total number of racks to be installed is expected to reach 31.5 thousand units by 2030. Bangkok is expected to house the maximum number of racks by 2030. The average temperatures are 26.3 °C in the north and 27.5 °C in the south and coast.
- There are close to 12 submarine cable systems connecting Thailand, and many are under construction. One such submarine cable that started service in 2024 is SEA-H2X, which stretches over 5,000 km with landing points in Songkhla, Thailand.
Thailand Data Center Cooling Market Trends
Liquid-based Cooling is the Fastest Growing Segment of the Market
- Although Thailand has a hot climate, it has varying humidity levels. Despite this potential data center cooling risk, Thailand is increasing its investment in digital infrastructure. The rise of cloud computing and the increased use of digital services in the country are driving demand for data centers.
- Data centers in Thailand typically require special cooling techniques to maintain optimal temperatures for servers and other equipment. The standard refrigeration technologies in Thailand include direct expansion (DX) or chemical-based refrigeration technology and water chiller type.
- Liquid cooling takes advantage of the superior heat transfer properties of water or other liquids to support efficient and cost-effective cooling of high-density racks, up to 3,000 times more effective than using air. Long proven in mainframe and gaming applications, liquid cooling is increasingly being used to protect rack servers in data centers across the region.
- Direct liquid cooling (DLC) solutions consistently deliver impressive partial power usage effectiveness (PUE) values, typically ranging from 1.02 to 1.03. This outperformance, albeit marginal, places them ahead of even the most efficient air cooling systems by low single-digit percentages. However, it is important to note that the energy efficiency gains achieved by DLC systems are not primarily attributable to improvements in PUE metrics.
- Traditional servers are equipped with fans that draw power from the rack itself, and this power consumption is factored into the IT power section of the PUE calculation. These fans are integral to the data center payload and are responsible for maintaining proper cooling and airflow within the server infrastructure. As such, their energy usage contributes significantly to the overall power consumption within the data center, but it is not reflected in the PUE value, which focuses primarily on the efficiency of the facility's infrastructure.
The IT Segment is Expected to Witness the Highest Growth
- The Thai government is actively pursuing its vision of transforming Thailand into "ASEAN's Digital Hub." This initiative includes the development of large data centers that adhere to international standards. Recognizing the importance of data security and high standards, these data centers will play a pivotal role in storing big data. Furthermore, the government emphasizes the need for human resource development, focusing on expertise in electrical engineering and IT. Given Thailand's current potential and readiness, there is a strong confidence that the nation can foster regional digital business growth, drawing parallels to the successes of Singapore and Indonesia.
- The Thai government is actively enhancing its digital infrastructure. Initiatives include expanding high-speed internet access to villages nationwide, offering free Wi-Fi at 50,000 locations through the "Smart Sign On" policy, and extending services to non-formal schools, border patrol police schools, and digital community centers. Additionally, the government has doubled international bandwidth to cater to its burgeoning economic activities and established a Digital Thailand Infrastructure Fund. These initiatives are poised to enlarge the addressable market in the future.
- The Board of Investment (BoI) is accelerating its efforts to boost investments in data centers and cloud services in Thailand, aligning with global trends and the government's push for digital technology. The BoI highlighted that major tech firms, such as Amazon Web Services (AWS), Google, and Microsoft, are keen on investing in Thailand, drawn by the government's transparent support for data center development and enticing investment incentives. Recently, the board greenlit 37 investment proposals, encompassing the establishment of data centers and related cloud services, with a combined investment value of THB 98.6 billion (USD 2.66 billion).
Thailand Data Center Cooling Industry Overview
The Thai data center cooling market is moderately competitive and has witnessed significant advancements in recent years. Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Johnson Controls International PLC, and Mitsubishi Electric Hydronics & IT Cooling Systems SpA hold prominent market positions in terms of market share. These industry giants, boasting significant market shares, are actively engaged in expanding their customer base throughout the region. Their growth strategies primarily hinge on strategic collaborative efforts aimed at enhancing market share and overall profitability. Moreover, companies such as Schneider Electric SE and Johnson Controls Inc. offer liquid and air-based cooling products.
Thailand Data Center Cooling Market Leaders
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Stulz GmbH
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Schneider Electric SE
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Vertiv Group Corp.
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Johnson Controls International PLC
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Emerson Electric Co.
*Disclaimer: Major Players sorted in no particular order
Thailand Data Center Cooling Market News
- March 2023: Interactive, a leading managed service provider (MSP), unveiled its groundbreaking immersion data center cooling solution aimed at enhancing high-performance computing (HPC) capabilities for its valued clientele. Collaborating closely with digital infrastructure provider Vertiv, Interactive integrated cutting-edge Green Revolution Cooling tanks into its system. These tanks utilize a single-phase, non-conductive coolant renowned for its electrical component safety, boasting an impressive heat transfer capacity that surpasses that of air by a staggering 1,200 times.
- March 2023: STULZ, a Hamburg-based company specializing in mission-critical air conditioning, made a noteworthy announcement regarding its industry-leading CyberAir 3PRO DX series. The company announced that certain units within this series are equipped to utilize the environment-friendly refrigerant R513A, characterized by its low global warming potential (GWP). This groundbreaking development underscores STULZ's unwavering commitment to delivering the most sustainable air conditioning systems for data centers. Furthermore, the company aims to transition more of its product portfolio to incorporate R513A.
Thailand Data Center Cooling Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Key Cost Considerations for Cooling
4.2.1 Analysis of the Key Cost Overheads Related to DC Operations with an Eye on DC Cooling
4.2.2 Comparative Study of the Cost and Operational Considerations Related to Each Cooling Technology Based on Key Factors such as Design Complexity, PUE, Advantages, Drawbacks, and Extent of Utilization of Natural Weather Conditions
4.2.3 Key Innovations and Developments in Data Center Cooling
4.2.4 Key Energy Efficiency Practices Adopted in Data Centers
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Development of IT Infrastructure in the Region
5.1.2 Increased Investments in Hyperscale Data Centers To Increase Market Growth
5.2 Market Challenges
5.2.1 High Initial Investment Cost To Hinder Market Growth
5.3 Market Opportunities
5.3.1 The Growth of the Digital Economy and Increasing Government Support
5.4 Industry Ecosystem Analysis
6. ANALYSIS OF THE CURRENT DATA CENTER FOOTPRINT IN THAILAND
6.1 Analysis of IT Load Capacity and Area Footprint of Data Centers (For the Period of 2017-2030)
6.2 Analysis of the Current DC Hotspots and Scope for Future Expansion in Thailand
6.3 Analysis of Major Data Center Contractors and Operators in Thailand
7. INDONESIA DATA CENTER MARKET SEGMENTATION
7.1 By Cooling Technology
7.1.1 Air-based Cooling
7.1.1.1 Chiller and Economizer
7.1.1.2 CRAH
7.1.1.3 Cooling Tower (Covers Direct, Indirect, and Two-Stage Cooling)
7.1.1.4 Other Air-based Cooling Technologies
7.1.2 Liquid-based Cooling
7.1.2.1 Immersion Cooling
7.1.2.2 Direct-to-chip Cooling
7.1.2.3 Rear-door Heat Exchanger
7.2 By Type
7.2.1 Hyperscalers (Owned and Leased)
7.2.2 Enterprise (On-premise)
7.2.3 Colocation
7.3 By End-user Industry
7.3.1 IT and Telecom
7.3.2 Retail and Consumer Goods
7.3.3 Healthcare
7.3.4 Media and Entertainment
7.3.5 Federal and Institutional Agencies
7.3.6 Other End-user Industries
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Stulz GmbH
8.1.2 Schneider Electric SE
8.1.3 Vertiv Group Corp.
8.1.4 Johnson Controls International PLC
8.1.5 Mitsubishi Electric Hydronics & IT Cooling Systems SpA
8.1.6 Emerson Electric Co.
8.1.7 Fujitsu General Limited
8.1.8 Hitachi Ltd
8.1.9 Danfoss A/S
8.1.10 Emerson Electric Co.
- *List Not Exhaustive
9. INVESTMENT ANALYSIS
10. MARKET OPPORTUNITIES AND FUTURE TRENDS
11. ABOUT US
Thailand Data Center Cooling Industry Segmentation
Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. It 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 the 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 Thai data center cooling market is segmented by technology (air-based cooling [chiller and economizer, CRAH, cooling towers, and other air-based cooling technologies] and liquid-based cooling [immersion cooling, direct-to-chip cooling, and rear-door heat exchanger]), type of data center (hyperscaler, enterprise, and colocation), and end-user industry (IT and telecom, retail and consumer goods, healthcare, media and entertainment, federal and institutional agencies, and other end-user industries). The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Cooling Technology | ||||||
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| By Type | |
| Hyperscalers (Owned and Leased) | |
| Enterprise (On-premise) | |
| Colocation |
| By End-user Industry | |
| IT and Telecom | |
| Retail and Consumer Goods | |
| Healthcare | |
| Media and Entertainment | |
| Federal and Institutional Agencies | |
| Other End-user Industries |
Thailand Data Center Cooling Market Research FAQs
How big is the Thailand Data Center Cooling Market?
The Thailand Data Center Cooling Market size is expected to reach USD 26.07 million in 2024 and grow at a CAGR of 11.98% to reach USD 51.40 million by 2030.
What is the current Thailand Data Center Cooling Market size?
In 2024, the Thailand Data Center Cooling Market size is expected to reach USD 26.07 million.
Who are the key players in Thailand Data Center Cooling Market?
Stulz GmbH, Schneider Electric SE, Vertiv Group Corp., Johnson Controls International PLC and Emerson Electric Co. are the major companies operating in the Thailand Data Center Cooling Market.
What years does this Thailand Data Center Cooling Market cover, and what was the market size in 2023?
In 2023, the Thailand Data Center Cooling Market size was estimated at USD 22.95 million. The report covers the Thailand Data Center Cooling Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Data Center Cooling Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Thailand Data Center Cooling Industry Report
Statistics for the 2024 Thailand Data Center Cooling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Data Center Cooling analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Thailand Data Center Cooling Market Report Snapshots
