Vietnam Data Centre Cooling Market Introduction and Overview
According to SPER Market Research, the Vietnam Data Centre Cooling Market is estimated to reach USD 70.38 billion by 2033 with a CAGR 13.22%.
The report includes an in-depth analysis of the Vietnam Data Centre Cooling Market, including market size and trends, product mix, distribution channels, and supplier analysis. Data center cooling is essential for managing the humidity and temperature in facilities housing computer servers and networking equipment. These systems generate a lot of heat during operation, thus effective cooling solutions are needed to prevent overheating, which can lead to hardware failures and reduced performance. Common cooling methods include evaporative cooling, liquid cooling, and air conditioning. Liquid cooling systems employ coolant or water to absorb heat directly from components, while air cooling uses overhead ducts or raised floors to circulate cold air.
- In August 2023, cooling module manufacturer Asia Vital Components (AVC) intended to increase the size of its Vietnam production facility in order to satisfy the increasing demand from its American clientele. The business's Vietnam subsidiary, AVC Vietnam, runs a USD 50 million production facility on 10 hectares in the Dong Van 3 Industrial Park in Ha Nam province, which is close to Hanoi.
- In March 2023, LiquidStack revealed that Trane Technologies, an HVAC firm, will be making a sizable investment to further immersion cooling technology. The innovative liquid immersion cooling method developed by LiquidStack is a significant advancement in environmentally friendly data center cooling.
Market Opportunities and Challenges
Opportunities: The telecom sector is seeking institutionalization to oversee and encourage digital change, laying the groundwork for the growth of the digital economy and society. Eighty percent of Vietnamese data, according to the Vietnam Radio and Electronics Association, are produced elsewhere. The government is making the required efforts to produce its data domestically and hopes to make money from the national data infrastructure by 2025, which might equal 1% of GDP. Network requirements depend on connecting and interconnecting data centers, which leads to significant energy and storage resource consumption and the need for data center cooling.
Furthermore, the market for data center cooling has a lot of potential due to new technology and changing demands. As liquid cooling systems gain popularity due to their ability to safely manage heat from high-performance computing, it is anticipated that energy requirements would decrease. Additionally, modular cooling solutions' growing popularity makes implementation simple and scalable, allowing businesses to adapt to changing needs. Waterless cooling systems for maximum energy efficiency and AI-driven optimization are examples of cutting-edge technological solutions that support sustainability objectives. As the business grows to accommodate rising demands for improved processing and shifting environmental requirements, these intersecting factors may portend a robust data center cooling market.
Challenges: The challenge of keeping data center equipment adequately cold in hot conditions when cooling systems fail during power outages, as temperatures can soar, is one issue that is particularly made worse in this scenario. Servers can stay on even with Uninterruptible Power Supply (UPS) systems, but in just 35 seconds, the temperature will rise to 135 degrees, which is dangerous for IT equipment. When data centers lack sufficient backup cooling options or are not properly outfitted, these temperature surges can be expensive.
Market Competitive Landscape
Consolidation among major players who have improved their competitiveness in recent years is a defining feature of the Vietnamese data center cooling market. Mitsubishi Electric Corporation, Rittal Gmbh & Co. KG, and Schneider Electric SE are some of the leading companies in this sector. Due to their substantial market shares, these industry leaders are committed to growing their clientele throughout the area. Their market share and overall profitability are increased through the implementation of strategic cooperation initiatives.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Cooling Technology, By Type of Data Centre, By End User |
| Regions covered | Eastern region, Western region, Southern region, Northern region. |
| Companies Covered | Alfa Laval AB, Emerson Electric Co., Fujitsu General Limited, GIGA-BYTE Technology Co. Ltd, Johnson Controls Inc., Legrand SA, Schneider Electric SE, Vertiv Group Corp., Others. |
COVID-19 Impact on Vietnam Data Centre Cooling Market
The COVID-19 epidemic significantly affected Vietnam's data center cooling business, bringing with it both new potential and challenges. Data center innovations were first delayed by the outbreak, which also slowed down construction and installation projects and upset supply networks. The market for cooling solutions temporarily decreased as a result of numerous active projects experiencing major difficulties due to transportation and staff availability restrictions.
But during the epidemic, the rise in digital services and remote labor led to a greater demand for data processing and storage capacity.
Key Target Audience
- Data Center Operators
- IT Managers
- Facility Managers
- HVAC Engineers
- System Integrators
- Energy Managers
- Telecommunications Providers
- Cloud Service Providers
Our in-depth analysis of the Vietnam Data Centre Cooling Market includes the following segments:
| By Cooling Technology: | Air-based CoolingLiquid-based Cooling |
| By Type of Data Centre: | Hyperscale (Owned and Leased)EnterpriseColocation |
| By End User: | IT and TelecomRetail and Consumer GoodsHealthcareMedia and EntertainmentFederal and Institutional AgenciesOther |
Key Topics Covered in the Report
- Vietnam Data Centre Cooling Market Size (FY’2024-FY’2033)
- Overview of Vietnam Data Centre Cooling Market
- Segmentation of Vietnam Data Centre Cooling Market By Cooling Technology (Air-based Cooling, Liquid -based Cooling)
- Segmentation of Vietnam Data Centre Cooling Market By Type of Data Centre (Hyperscale, Enterprise, Colocation)
- Segmentation of Vietnam Data Centre Cooling Market By End User (IT and Telecom, Retail and Consumer Goods, Healthcare, Media and Entertainment, Federal and Institutional Agencies, Other)
- Expansion Analysis of Vietnam Data Centre Cooling Market
- Problems and Obstacles in Vietnam Data Centre Cooling Market
- Competitive Landscape in the Vietnam Data Centre Cooling Market
- Impact of COVID-19 and Demonetization on Vietnam Data Centre Cooling Market
- Details on Current Investment in Vietnam Data Centre Cooling Market
- Competitive Analysis of Vietnam Data Centre Cooling Market
- Prominent Players in the Vietnam Data Centre Cooling Market
- SWOT Analysis of Vietnam Data Centre Cooling Market
- Vietnam Data Centre Cooling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Data Centre Cooling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Data Centre Cooling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Data Centre Cooling Market
7. Vietnam Data Centre Cooling Market, By Cooling Technology (USD Million) 2020-2033
7.1. Vietnam Data Centre Cooling Market Size, Share and Forecast, By Cooling Technology, 2020-2026
7.2. Vietnam Data Centre Cooling Market Size, Share and Forecast, By Cooling Technology, 2027-2033
7.3. Air-based Cooling
7.3.1. Chiller and Economizer
7.3.2. CRAH
7.3.3. Cooling Tower (Covers, Direct, Indirect and Two-stage cooling)
7.3.4. Others
7.4. Liquid-based Cooling
7.4.1. Immersion Cooling
7.4.2. Direct-to-Chip Cooling
7.4.3. Rear-Door Heat Exchanger
8. Vietnam Data Centre Cooling Market, By Type of Data Centre (USD Million) 2020-2033
8.1. Vietnam Data Centre Cooling Market Size, Share and Forecast, By Type of Data Center, 2020-2026
8.2. Vietnam Data Centre Cooling Market Size, Share and Forecast, By Type of Data Center, 2027-2033
8.3. Hyperscale (Owned and Leased)
8.4. Enterprise
8.5. Colocation
9. Vietnam Data Centre Cooling Market, By End User (USD Million) 2020-2033
9.1. Vietnam Data Centre Cooling Market Size, Share and Forecast, By End User 2020-2026
9.2. Vietnam Data Centre Cooling Market Size, Share and Forecast, By End User, 2027-2033
9.3. IT and Telecom
9.4. Retail and Consumer Goods
9.5. Healthcare
9.6. Media and Entertainment
9.7. Federal and Institutional Agencies
9.8. Other
10. Vietnam Data Centre Cooling Market Forecast, 2020-2033 (USD Million)
10.1. Vietnam Data Centre Cooling Market Size and Market Share
11. Vietnam Data Centre Cooling Market, By Region, 2020-2033 (USD Million)
11.1. Vietnam Data Centre Cooling Market Size and Market Share By Region (2020-2026)
11.2. Vietnam Data Centre Cooling Market Size and Market Share By Region (2027-2033)
11.3. France
11.4. Germany
11.5. Italy
11.6. Spain
11.7. United Kingdom
11.8. Rest of Europe
12. Company Profile
12.1. Alfa Laval AB
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Emerson Electric Co.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Fujitsu General Limited
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. GIGA-BYTE Technology Co. Ltd
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Johnson Controls Inc.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Legrand SA
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Schneider Electric SE
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Vertiv Group Corp.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
