Data Center Cooling Fans Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Data Center Cooling Fans Market size is expected to reach US$ 697.66 million by 2031 from US$ 461.49 million in 2023. The market is estimated to record a CAGR of 5.3% from 2023 to 2031. The growing demand for customized cooling fans is likely to be a key market trend.

Data Center Cooling Fans Market Analysis

Benefits provided by data center cooling fans to different types of data centers include reliable performance levels, effective air temperature management, and easy installation in both SMEs and large-scale facilities, making them suitable for environments where excess heat is a constant challenge.  The high amount of heat generated by data centers and a rise in the number of data center construction activities across the globe are expected to boost the data center cooling fans market growth during the forecast period. In addition, as data center cooling fans are widely used in different types of data centers, such as colocation data centers, hyperscale data centers, and edge data centers, their demand is increasing globally. Furthermore, the rising demand for electronically commutated (EC) fans as an eco-friendly alternative that promotes environmentally friendly cooling methods by reducing operating costs is expected to create opportunities in the market. These fans use less energy, which contributes to overall energy efficiency in data centers. Moreover, technological advancements, a rise in demand for customized cooling fans, and an increase in R&D activities are propelling the data center cooling fans market.

Data Center Cooling Fans Market Overview

Data center cooling fans are critical components of data center cooling systems. These fans circulate air within the data center and remove heat produced by the servers and other equipment. Data centers use a variety of cooling fans, including centrifugal fans, axial fans, and mixed flow fans. These fans work in conjunction with a variety of cooling equipment and systems, including evaporative cooling, chilled water systems, and air-based cooling equipment such as heat sinks and pipes. The primary function of data center cooling fans is to absorb warm air and circulate it through various cooling devices, such as chilled water coils and evaporative cooling pads, to remove heat, improve airflow, and reduce the temperature in the data center.

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Data Center Cooling Fans Market: Strategic Insights

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Data Center Cooling Fans Market Drivers and Opportunities

Increasing Data Center Construction Activities

The growing number of data center construction activities worldwide is accelerating the data center cooling fans market. For instance, in February 2023, the government of Maharashtra signed a memorandum of understanding (MoU) with UK-based Ark Data Centers and Japan's Nippon Telegraph and Telephone (NTT) for the construction of two new data centers in Pune. The MoU with NTT covers an investment of US$ 2.5 billion for the development of data centers in Pune, Mumbai, Thane, and Nagpur. This project generated the demand for cooling fans to manage temperature ranges and reduce overheating in the data centers. A few of the most significant data center projects of 2023 are mentioned below:

• In June 2023, Amazon.com, Inc. announced plans to invest US$ 7.8 billion by 2030 to expand the construction of a data center in Ohio. This data center aims to be powered by at least 95% renewable energy. The company is committed to reaching net-zero carbon emissions by 2040 and powering operations with 100% renewable energy by 2025.
• In May 2023, Prime Data Centers announced the expansion of the Phoenix market in Avondale, Arizona. Prime Phoenix is a 66.5-acre campus featuring five data centers with 210 megawatts of critical power and 1.3 million square feet of space. The project will result in a high-density, sustainable data center campus that is designed to support hyperscale services providers, large Internet brands, worldwide technology enterprises, and Fortune 500 businesses.
• In April 2023, Microsoft filed for its third data center in Mecklenburg County, Virginia. The company plans to construct a six-building data center campus to increase the current capacity used for cloud-based computing.

Data centers are increasingly using cooling fans to improve the overall reliability and durability of the equipment. Cooling fans help reduce overheating, consequently eliminating premature hardware failure. This results in fewer equipment repairs and less downtime, increasing the data center's overall efficiency and productivity. Thus, the growing number of data center construction activities has surged the demand for data center cooling fans for maintaining temperate ranges and preventing overheating.

Rising Adoption of Electronically Commutated (EC) Fans

Electronically commutated (EC) fans are direct drive fans integrated into the cooling unit to manage temperature by removing excess heat in the data center. These fans are naturally more efficient than ordinary fans due to their unique design, which incorporates a brushless EC motor and a rearward curved motorized impeller. The benefits provided by EC fans to data centers are given below.

• EC fans are easy to install on existing cooling units or specified servers. They offer a low maintenance advantage to data centers. These fans also reduce additional maintenance costs, as they have no fan belts that can wear out, and their integrated motors virtually eliminate fan dust.
• EC fans are integrated with modern motor control algorithms that allow them to run at a peak by achieving exact speed control.
• EC fans' high-efficiency motor design and precision airflow control provide the data center with continuous and reliable airflow. This ensures that vital IT equipment in data centers and server rooms receive the necessary cooling.
• EC fans are integrated with a brushless motor that reduces the need for maintenance-intensive brushes, resulting in longer fan lifespans and less downtime.
• EC fans create low noise, which is especially important in data centers and server rooms, where noise may be a major distraction for operators and lead to compliance difficulties.

Significant benefits provided by EC fans are creating opportunities for market growth. Moreover, the demand for high-performing EC motors for data center cooling fans encourages manufacturers to develop next-generation EC motors that enhance the performance of cooling fans. For instance, in April 2024, Blauberg Ventilatoren GmbH introduced the latest line of centrifugal fans powered by the EC102 500 W motor. These centrifugal fans are energy efficient, with the added convenience of the Modbus RS-485 data protocol. The EC fans are highly energy-efficient cooling solutions that reduce energy consumption by more than 10–15%, allowing data center designers to save money on upstream electrical infrastructure such as wiring, circuit breakers, and transformers. Hence, the demand for energy-efficient, eco-friendly, and cost-efficient cooling fans for airflow management in data centers and server rooms is expected to create opportunities in the market.

Data Center Cooling Fans Market Report Segmentation Analysis

Key segments that contributed to the derivation of the data center cooling fans market analysis are type and data center type.

• Based on type, the data center cooling fans market is segmented into centrifugal fans, axial fans, mixed flow fans, and others. The axial fan segment dominated the market in 2023.
• In terms of data center type, the data center cooling fans market is categorized into enterprise data center, colocation data center, wholesale data center, hyperscale data center, and edge data center. The hyperscale data center segment dominated the market in 2023.

Data Center Cooling Fans Market Share Analysis by Geography

• The data center cooling fans market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
• The North America data center cooling fans market is growing significantly due to the rising data center construction projects in the region. As per the CBRE North America Data Center Trend Analysis, the top 7 wholesale data center markets in North America are operational in the US. i.e., in Northern Virginia, Dallas/Fort Worth, Silicon Valley, Chicago, Phoenix, New York Tri-State Area, and Atlanta. In October 2023, JE Dunn resumed construction of a metadata center project worth US$ 800 million in Temple, Texas. Similarly, in April 2023, Equinix announced plans for the construction of a new data center in Montreal, Canada. In November 2023, Vertiv introduced Vertiv SmartMod Max CW, a prefabricated modular data center designed to address the growing demand for the rapid deployment of computing across North America. An upsurge in data center construction activity in North America indicated an elevated need for cooling fans. Data center cooling fans provide the required cooling capacity and scalability in these facilities.

Data Center Cooling Fans Market Regional Insights

The regional trends and factors influencing the Data Center Cooling Fans Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Data Center Cooling Fans Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Data Center Cooling Fans Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Data Center Cooling Fans Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Data Center Cooling Fans Market are:

1. Canarm Ltd
2. ZIEHL-ABEGG SE
3. Continental Fan
4. ebm-papst
5. Multi-Wing Group A/S
6. NOVENCO Building & Industry A/S

Disclaimer: The companies listed above are not ranked in any particular order.

Data Center Cooling Fans Market News and Recent Developments

The data center cooling fans market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the data center cooling fans market are listed below:

• Dyneo+ by Nidec Leroy-Somer delivered an efficient and sustainable solution together with NOVENCO ZerAx fan. The fan was specially designed for the extraction of carbon dioxide in a German backfill mine. The objective was to supply the most climate-neutral solution.

(Source: Nidec, Press Release, July 2022)

• Systemair AB acquired the air handling unit manufacturer PHEM Engineering SDN. BHD. in Malaysia. Systemair already has a business in Malaysia that employs approximately 140 people with a turnover of close to US$ 14.98 million (SEK 160 million). The acquisition gives Systemair access to expertise and locally manufactured air handling units for the fast-growing markets in Southeast Asia and Australia.

(Source: Systemair AB, Press Release, May 2024)

Data Center Cooling Fans Market Report Coverage and Deliverables

The "Data Center Cooling Fans Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Data center cooling fans market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Data center cooling fans market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Data center cooling fans market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the data center cooling fans market
• Detailed company profiles