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Data Center Refrigerant Market Share

  • Report ID: GMI10746
  • Published Date: Aug 2024
  • Report Format: PDF

Data Center Refrigerant Market Share

Honeywell and Chemours are the major market players operating in the global market accounting for over 40% of market share in 2023.  Honeywell is developing low-GWP (Global Warming Potential) refrigerants tailored for data center cooling applications. Their product portfolio includes refrigerants such as HFO-1234yf and HFO-1234ze, which offer superior thermal efficiency and reduced environmental impact compared to traditional refrigerants. Also, Honeywell engages in strategic partnerships with cooling system manufacturers and data center operators to integrate their refrigerants into advanced cooling technologies, enhancing their market presence and application scope.
 

Chemours offers a range of low-GWP refrigerants, such as the Opteon series, designed for high-efficiency cooling in data centers. Their products are engineered to meet the evolving needs of the data center industry while minimizing environmental impact. Chemours leverages its global footprint to cater to data center markets across North America and Europe. Their extensive distribution network and local support enhance their ability to address regional regulatory requirements and market needs effectively.
 

Data Center Refrigerant Market Companies

Major players operating in the industry are:

  • 3M
  • Arkema
  • Asetek
  • Climalife
  • Daikin Industries
  • Dow
  • Honeywell International
  • M&I Materials
  • Orbia
  • The Chemours Company
     
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global industry size for data center refrigerant was valued at USD 581.1 million in 2023 and is anticipated to register over 9 % CAGR between 2024 and 2032, driven by the rise of cloud computing services and ongoing innovations in cooling technologies.

The enterprise segment in the data center refrigerant market held 39% revenue share in 2023 due to the need for energy efficiency and cost savings.

North America market held 35% revenue share in 2023, driven by rapid adoption of AI and machine learning technologies in the U.S. and Canada.

3M, Arkema, Asetek, Climalife, Daikin Industries, Dow, Honeywell International, M&I Materials, Orbia, and The Chemours Company.

Data Center Refrigerant Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 24
  • Pages: 220
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