At 6.8% CAGR, Asia Pacific Data Center Cooling Fans Market is Projected to be Worth US$ 120.70 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific data center cooling fans market was valued at US$ 71.44 million in 2023 and is projected to reach US$ 120.70 million by 2031, recording a CAGR of 6.8% from 2023 to 2031. Increasing data center construction activities and rising adoption of electronically commutated (EC) fans are among the critical factors attributed to drive the Asia Pacific data center cooling fans market growth.

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 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. 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 by 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 overheating.

On the conversely, the availability of alternative cooling solutions hampers the growth of Asia Pacific data center cooling fans market.

Based on type, the Asia Pacific data center cooling fans market is segmented into axial fans, centrifugal fans, mixed flow fans, and others. The axial fans segment held 36.7% market share in 2023, amassing US$ 26.19 million. It is projected to garner US$ 46.41 million by 2031 to register 7.4% CAGR during 2023-2031.

In terms of data center type, the Asia Pacific data center cooling fans market is segmented into hyperscale data center, colocation data center, wholesale data center, enterprise data center, and edge data center. The hyperscale data center segment held 32.2% share of Asia Pacific data center cooling fans market in 2023, amassing US$ 23.00 million. It is anticipated to garner US$ 40.57 million by 2031 to expand at 7.4% CAGR during 2023-2031.

Based on country, the Asia Pacific data center cooling fans market is categorized Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 31.5% share of Asia Pacific data center cooling fans market in 2023. It was assessed at US$ 22.48 million in 2023 and is likely to hit US$ 33.93 million by 2031, registering a CAGR of 5.3% during 2023-2031.

Key players operating in the Asia Pacific data center cooling fans market are Blauberg Ventilatoren GmbH; Canarm Ltd; ebm-papst; Hangzhou Kiron Motor Co., Ltd.; Hidria d.o.o.; Multi-Wing Group A/S; Nidec Corp; Ningbo Longwell Electric Technology Co., Ltd.; NOVENCO Building & Industry A/S; PBM Motor and Fan (Suzhou) Co Ltd; Regal Rexnord Corp; Rosenberg Ventilatoren GmbH; Systemair AB; Transmonk India Pvt. Ltd.; TWIN CITY FAN; and ZIEHL-ABEGG SE, among others.

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