SEA’s data centre cooling market to grow by $5.6b in 2028

This is due to increasing data centre operations.

The data centre cooling market in Southeast Asia size is forecasted to expand by $5.6b from 2024 to 2028, with a compound annual growth rate of 6.78%, according to Technavio.

This is due to increasing data centre operations and data generation from OTT platforms, streaming services, and cloud services.

Singapore, Malaysia, Indonesia, and Thailand are poised to lead the market's growth.

Per segment, the solution segment is expected to dominate due to growing demand for integrated cooling solutions. The services segment is also gaining traction as companies seek expert assistance on cooling systems.

As the market expands, some major hurdles it should address are power consumption and heat generation which requires advanced cooling equipment. High investment costs and cooling issues are also challenges but pose opportunities in sectors such as healthcare, manufacturing, and cloud services.

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