Thailand Data Center Cooling Market Growth Projections: Trends to Watch

Key Insights

The Thailand data center cooling market is experiencing robust growth, projected to reach a significant value over the forecast period (2025-2033). A Compound Annual Growth Rate (CAGR) of 7.30% indicates a consistently expanding market driven by several key factors. The increasing adoption of cloud computing and big data analytics within the IT & Telecommunication, BFSI (Banking, Financial Services, and Insurance), and Government sectors is fueling demand for advanced cooling solutions. Furthermore, the rising focus on energy efficiency and sustainability within data centers is driving the preference for energy-saving cooling technologies like liquid-based and evaporative cooling systems. The expansion of media and entertainment companies in Thailand is also contributing to market expansion, necessitating efficient thermal management solutions. However, high initial investment costs associated with advanced cooling infrastructure and potential regulatory hurdles concerning energy consumption might restrain market growth to some extent. The market is segmented by cooling technology (air-based, liquid-based, evaporative) and end-user (IT & Telecommunication, BFSI, Government, Media & Entertainment, Others). Key players like Mitsubishi Heavy Industries, Danfoss, Johnson Controls, Hitachi, and Emerson are competing to capture market share through technological innovation and strategic partnerships.

The market's future growth trajectory will depend on Thailand's ongoing digital transformation, government initiatives promoting data center infrastructure, and the continued adoption of advanced cooling technologies that optimize energy efficiency and reduce environmental impact. The competitive landscape is characterized by both global and regional players, highlighting the importance of innovative product offerings and tailored solutions to cater to specific customer needs within various industry segments. The market's segmentation offers opportunities for specialized service providers, focusing on particular cooling technologies or end-user sectors. Sustained economic growth in Thailand and increasing investments in its digital infrastructure will further contribute to a positive outlook for the data center cooling market over the next decade.

Thailand Data Center Cooling Market Research Report - Market Size, Growth & Forecast

Thailand Data Center Cooling Market: A Comprehensive Report (2019-2033)

This dynamic report provides a detailed analysis of the Thailand data center cooling market, offering invaluable insights for industry stakeholders. With a comprehensive study period spanning 2019-2033, a base year of 2025, and a forecast period from 2025-2033, this report leverages rigorous data analysis to illuminate market trends, opportunities, and challenges. The report incorporates key industry developments and profiles major players, including Mitsubishi Heavy Industries Limited, Danfoss A/S, Johnson Controls International PLC, Hitachi Ltd, Emerson Electric Co, Schneider Electric SE, Fujitsu General Limited, Stulz GmbH, and Vertiv Group Corp. The market is segmented by cooling technology (air-based, liquid-based, evaporative) and end-user (IT & Telecommunication, BFSI, Government, Media & Entertainment, Other). Discover crucial data on market size (in Millions), CAGR, and market penetration rates.

Thailand Data Center Cooling Market Market Structure & Competitive Landscape

The Thailand data center cooling market exhibits a moderately concentrated structure, with a few major multinational players holding significant market share. The Herfindahl-Hirschman Index (HHI) is estimated at xx in 2025, indicating a moderately competitive landscape. Innovation is a key driver, with companies continuously developing more energy-efficient and sustainable cooling solutions. Stringent government regulations related to energy consumption and environmental impact are shaping the market, pushing vendors towards greener technologies. Product substitutes, such as free air cooling, are gaining traction in specific scenarios, posing a competitive challenge. The end-user segment is diverse, with the IT & Telecommunication sector currently dominating market demand. M&A activity has been relatively low in recent years, with a total transaction value of approximately xx Million in the period 2019-2024. However, an increase in activity is predicted for the forecast period due to the rising demand and the entry of new technology driven companies in the market.

Market Concentration: HHI estimated at xx (2025)
Innovation Drivers: Advancements in liquid cooling, immersion cooling, and AI-powered thermal management.
Regulatory Impacts: Emphasis on energy efficiency and sustainability standards.
Product Substitutes: Free air cooling, natural ventilation.
End-User Segmentation: IT & Telecommunication (largest share), BFSI, Government, Media & Entertainment, Others.
M&A Trends: Low historical activity (xx Million from 2019-2024), but predicted increase in the forecast period.

Thailand Data Center Cooling Market Market Trends & Opportunities

The Thailand data center cooling market is experiencing robust growth, driven by the expanding data center infrastructure and increasing adoption of advanced cooling technologies. The market size is projected to reach xx Million by 2025, exhibiting a CAGR of xx% during the forecast period (2025-2033). This growth is fueled by the rising demand for data storage and processing, particularly within the IT and telecommunications sectors. A significant shift towards energy-efficient cooling solutions, such as liquid and evaporative cooling, is observable. Consumer preferences are increasingly focused on sustainability and reduced environmental impact, pushing vendors to adopt eco-friendly technologies and practices. Competitive dynamics are characterized by intense rivalry among established players and the emergence of innovative startups offering niche solutions. Market penetration rates for advanced cooling technologies are rising steadily, with liquid cooling expected to witness significant adoption in the coming years.

Thailand Data Center Cooling Market Growth

Dominant Markets & Segments in Thailand Data Center Cooling Market

The IT & Telecommunication sector dominates the end-user segment, accounting for the largest share of market demand due to high data center density and stringent cooling requirements. Bangkok and other major metropolitan areas are the leading regions, driven by concentrated data center deployments.

Key Growth Drivers (IT & Telecommunication):
- Rapid expansion of cloud computing and data center infrastructure.
- Increasing demand for high-performance computing (HPC) applications.
- Stringent requirements for maintaining optimal operating temperatures.
Air-based Cooling: Remains the dominant cooling technology due to its established market presence and lower initial investment costs.
Liquid-based Cooling: Witnessing significant growth due to its superior cooling capacity and energy efficiency advantages.
Evaporative Cooling: A cost-effective solution gaining traction in certain geographic locations.

Thailand Data Center Cooling Market Product Analysis

The market is witnessing rapid innovation in cooling technologies, with a strong focus on improving energy efficiency and reducing environmental impact. Air-based cooling systems are continuously being upgraded with enhanced features such as variable speed fans and intelligent control systems. Liquid cooling solutions, including direct-to-chip and immersion cooling, are gaining popularity due to their superior heat dissipation capabilities. The competitive advantage lies in offering highly efficient, sustainable, and cost-effective solutions that address the specific needs of diverse data center environments.

Key Drivers, Barriers & Challenges in Thailand Data Center Cooling Market

Key Drivers:

Growing data center infrastructure investments.
Increased demand for higher computing power and data storage.
Government initiatives promoting energy efficiency and sustainability in data centers.
Technological advancements in cooling solutions.

Challenges:

High initial investment costs associated with advanced cooling technologies can hinder adoption, especially for smaller data center operators.
Supply chain disruptions can impact the availability of critical components, potentially affecting project timelines and costs.
Regulatory hurdles and complex permitting processes can create delays and increase project costs.

Growth Drivers in the Thailand Data Center Cooling Market Market

The expanding digital economy, coupled with government initiatives to promote digital transformation, is a major growth driver. Rising demand for cloud computing services is further fueling the market expansion. Technological advancements in data center cooling, including improved energy efficiency and sustainability, are creating new opportunities.

Challenges Impacting Thailand Data Center Cooling Market Growth

High upfront capital expenditure for advanced cooling systems acts as a barrier for entry, particularly for smaller businesses. The fluctuating price of raw materials and energy can impact operating costs and profitability. Competition from established players and new entrants necessitates continuous innovation and adaptation.

Key Players Shaping the Thailand Data Center Cooling Market Market

Significant Thailand Data Center Cooling Market Industry Milestones

May 2022: Intel invested USD 700 Million in liquid and immersion cooling technology research, unveiling a new immersion-cooled reference design.
March 2023: Interactive launched an immersion data center cooling solution using Vertiv's Green Revolution cooling tanks, boasting 1200 times the heat transfer capacity of air.

Future Outlook for Thailand Data Center Cooling Market Market

The Thailand data center cooling market is poised for significant growth, driven by the expanding data center infrastructure, increasing adoption of advanced cooling technologies, and government support for digital transformation. Strategic opportunities lie in developing energy-efficient and sustainable cooling solutions tailored to the specific needs of the region's data centers. The market is expected to experience a substantial increase in market size and value throughout the forecast period.

Thailand Data Center Cooling Market Segmentation

1. Cooling Technology
- 1.1. Air-based Cooling
  - 1.1.1. Chiller and Economizer
  - 1.1.2. CRAH
  - 1.1.3. Cooling
  - 1.1.4. Other Air-based Cooling Technologies
- 1.2. Liquid-based Cooling
  - 1.2.1. Immersion Cooling
  - 1.2.2. Direct-to-chip Cooling
  - 1.2.3. Rear-door Heat Exchanger
2. Type
- 2.1. Hyperscalers (Owned and Leased)
- 2.2. Enterprise (On-premise)
- 2.3. Colocation
3. End-user Industry
- 3.1. IT and Telecom
- 3.2. Retail and Consumer Goods
- 3.3. Healthcare
- 3.4. Media and Entertainment
- 3.5. Federal and Institutional Agencies
- 3.6. Other End-user Industries

Thailand Data Center Cooling Market Segmentation By Geography

1. Thailand

Thailand Data Center Cooling Market Regional Share

Thailand Data Center Cooling Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2019-2033
Base Year	2024
Estimated Year	2025
Forecast Period	2025-2033
Historical Period	2019-2024
Growth Rate	CAGR of 7.30% from 2019-2033
Segmentation	By Cooling Technology Air-based Cooling Chiller and Economizer CRAH Cooling Other Air-based Cooling Technologies Liquid-based Cooling Immersion Cooling Direct-to-chip Cooling Rear-door Heat Exchanger 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 By Geography Thailand

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Development of IT Infrastructure in the Region; Emergence of Green Data Centers
- - 3.3. Market Restrains
  - - 3.3.1 Costs
    - 3.3.2 Adaptability Requirements
    - 3.3.3 and Power Outages
- - 3.4. Market Trends
  - - 3.4.1. Liquid-based Cooling is The Fastest Growing Segment
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Thailand Data Center Cooling Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Cooling Technology
  - 5.1.1. Air-based Cooling
    - 5.1.1.1. Chiller and Economizer
    - 5.1.1.2. CRAH
    - 5.1.1.3. Cooling
    - 5.1.1.4. Other Air-based Cooling Technologies
  - 5.1.2. Liquid-based Cooling
    - 5.1.2.1. Immersion Cooling
    - 5.1.2.2. Direct-to-chip Cooling
    - 5.1.2.3. Rear-door Heat Exchanger
- 5.2. Market Analysis, Insights and Forecast - by Type
  - 5.2.1. Hyperscalers (Owned and Leased)
  - 5.2.2. Enterprise (On-premise)
  - 5.2.3. Colocation
- 5.3. Market Analysis, Insights and Forecast - by End-user Industry
  - 5.3.1. IT and Telecom
  - 5.3.2. Retail and Consumer Goods
  - 5.3.3. Healthcare
  - 5.3.4. Media and Entertainment
  - 5.3.5. Federal and Institutional Agencies
  - 5.3.6. Other End-user Industries
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. Thailand
6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- - 6.2. Company Profiles
  - - 6.2.1 Mitsubishi Heavy Industries Limited
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Danfoss A/S*List Not Exhaustive
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Johnson Controls International PLC
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Hitachi Ltd
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Emerson Electric Co
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Schneider Electric SE
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Fujitsu General Limited
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Stulz GmbH
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Vertiv Group Corp
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)

List of Figures

Figure 1: Thailand Data Center Cooling Market Revenue Breakdown (Million, %) by Product 2024 & 2032
Figure 2: Thailand Data Center Cooling Market Share (%) by Company 2024

List of Tables

Table 1: Thailand Data Center Cooling Market Revenue Million Forecast, by Region 2019 & 2032
Table 2: Thailand Data Center Cooling Market Revenue Million Forecast, by Cooling Technology 2019 & 2032
Table 3: Thailand Data Center Cooling Market Revenue Million Forecast, by Type 2019 & 2032
Table 4: Thailand Data Center Cooling Market Revenue Million Forecast, by End-user Industry 2019 & 2032
Table 5: Thailand Data Center Cooling Market Revenue Million Forecast, by Region 2019 & 2032
Table 6: Thailand Data Center Cooling Market Revenue Million Forecast, by Country 2019 & 2032
Table 7: Thailand Data Center Cooling Market Revenue Million Forecast, by Cooling Technology 2019 & 2032
Table 8: Thailand Data Center Cooling Market Revenue Million Forecast, by Type 2019 & 2032
Table 9: Thailand Data Center Cooling Market Revenue Million Forecast, by End-user Industry 2019 & 2032
Table 10: Thailand Data Center Cooling Market Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Thailand Data Center Cooling Market?

The projected CAGR is approximately 7.30%.

2. Which companies are prominent players in the Thailand Data Center Cooling Market?

Key companies in the market include Mitsubishi Heavy Industries Limited, Danfoss A/S*List Not Exhaustive, Johnson Controls International PLC, Hitachi Ltd, Emerson Electric Co, Schneider Electric SE, Fujitsu General Limited, Stulz GmbH, Vertiv Group Corp.

3. What are the main segments of the Thailand Data Center Cooling Market?

The market segments include Cooling Technology, Type, End-user Industry.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

Development of IT Infrastructure in the Region; Emergence of Green Data Centers.

6. What are the notable trends driving market growth?

Liquid-based Cooling is The Fastest Growing Segment.

7. Are there any restraints impacting market growth?

Costs. Adaptability Requirements. and Power Outages.

8. Can you provide examples of recent developments in the market?

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 has 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 1200 times.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Thailand Data Center Cooling Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Thailand Data Center Cooling Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Thailand Data Center Cooling Market?

To stay informed about further developments, trends, and reports in the Thailand Data Center Cooling Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.