Summary

Introduction to Europe Data Center Refrigerant Market

The Europe data center refrigerant market (excluding U.K.) is expected to grow from $116.5 million in 2023 to $210.8 million by 2032, at a CAGR of 6.1% during the forecast period 2023-2032. The rising number of data centers and government programs encouraging energy-efficient operations are anticipated to propel the expansion of the European data center refrigerant market. Additionally, in support of sustainability objectives, financial incentives and regulatory frameworks throughout Europe are pushing data center facilities to use eco-friendly refrigerants.

Market Introduction

A major expansion of the European data center refrigerant market is anticipated due to the growing need for data processing and storage in a variety of industries. The increasing number of data centers in Europe has led to an increased demand for effective cooling solutions in order to sustain peak performance and reduce downtime. To keep servers and other equipment operating within safe temperature ranges, refrigerants are essential to the cooling of data centers.

The trend toward environmentally responsible and energy-efficient data center operations is one of the main forces propelling the market. In line with the region's larger sustainability aims, governments around Europe are enforcing strict rules and providing financial incentives to encourage the use of eco-friendly refrigerants. Policies such as the European Union’s F-Gas Regulation, which aims to reduce the environmental impact of fluorinated gases, are pushing data center operators to adopt low-global-warming-potential (GWP) refrigerants.

The market is also being helped by developments in cooling technology and the increased emphasis on lowering energy usage. The need for creative and environmentally friendly cooling solutions is predicted to increase as data centers install more liquid and hybrid cooling systems, which need for specific refrigerants. The future of the European data center refrigerant market is probably going to be shaped by this trend.

Market Segmentation

Segmentation 1: by Industry
• IT and Telecom
• Banking
• Financial Services and Insurance (BFSI)
• Research and Healthcare
• Retail
• Manufacturing
• Others

Segmentation 2: by Data Center Type
• Hyperscale
• Colocation
• Edge Data Center
• Enterprise

Segmentation 3: by Refrigerant Type
• Conventional Refrigerants
• Liquid Cooling Fluids

Segmentation 4: by Cooling Type
• Air Cooling
• Liquid Cooling
• Free Cooling

Segmentation 5: by Deployment
• Installation/OEM
• Aftermarket

Segmentation 6: by Country
• Germany
• Netherlands
• France
• Scandinavia
• Rest-of-Europe

How can this report add value to an organization?

Product/ Innovation Strategy: In the Europe data center refrigerant market, a strategic focus on innovation drives product development. Collaborate with industry leaders to introduce eco-friendly refrigerants and advanced cooling technologies, meeting evolving regulatory standards. Leverage data analytics for real-time monitoring, optimizing cooling efficiency, and reducing environmental impact while ensuring operational excellence.

Growth/ Marketing Strategy: Utilize targeted marketing campaigns highlighting eco-friendly benefits and energy savings. Forge partnerships with data center operators and OEMs to expand reach and offer comprehensive solutions. Continuously innovate to stay ahead in the competitive landscape.

Competitive Strategy: Emphasizing differentiation and value proposition will be crucial for success in the market. Conduct thorough market analysis to identify niche segments and competitive advantages and position products accordingly. Forge alliances with key stakeholders and offer customizable solutions to meet diverse customer needs effectively.

Key Market Players and Competition Synopsis

The companies that are profiled in the Europe data center refrigerant market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names in the market are:

• Climalife
• Arkema
• M&I Materials Ltd
• Asetek, Inc. A/S

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Table of Contents

Executive Summary
1 Markets
1.1 Industry Outlook
1.1.1 Market Definition
1.1.2 Data Center Trends
1.1.2.1 Data Center Capacities: Current and Future
1.1.2.2 Data Center Power Consumption Scenario
1.1.2.3 Impact of Carbon-Neutral Data Center (CNDC) Operations on Data Center Refrigerant Market
1.1.2.3.1 Current and Future Scenario for CNDC
1.1.2.3.2 Alternative Solutions to Current HVAC Systems Used in Data Centers
1.1.2.3.3 Cost Analysis
1.1.2.3.3.1 Capital Expenditure (CAPEX)
1.1.2.3.3.1.1 Infrastructure Cost
1.1.2.3.3.2 Operational Expenditure (OPEX)
1.1.2.3.3.2.1 Energy Cost
1.1.2.3.4 Key Countries to Focus
1.1.2.4 Impact of United Nations Intergovernmental Panel on Climate Change on Data Center Market
1.1.2.4.1 Impact Assessment of United Intergovernmental Panel on Climate Change (IPCC)’s report
1.1.2.5 Impact of PFAS Refrigerant Ban on the Data Center Cooling Outlook
1.1.2.5.1 Alternative Cooling Solutions to PFAS Refrigerants
1.1.2.5.2 Advantages and Disadvantages of Non-PFAS Refrigerants
1.1.2.6 Data Center Cooling Strategies
1.1.2.6.1 Upcoming Data Center Refrigerant Concepts
1.1.2.7 Refrigerant Selection Criteria
1.1.2.8 Other Industrial Trends
1.1.2.8.1 HPC Cluster Developments
1.1.2.8.2 Blockchain Initiatives
1.1.2.8.3 Super Computing
1.1.2.8.4 5G and 6G Developments
1.1.2.8.5 Impact of Server/Rack Density
1.2 Ecosystem/Ongoing Programs
1.2.1 Consortiums and Associations
1.2.2 Important Regulations
1.2.3 Government Initiatives and Impacts
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Expanding Data Center Industry
1.3.1.1.1 Data Center Investment Landscape
1.3.1.1.1.1 Key Regional Data Center Investment Trend (2022-2023)
1.3.1.2 Sustainable Development Efforts and CSR Activities
1.3.1.2.1 The Green IT Cube
1.3.1.3 Growing Adoption of Alternate Cooling Solutions for Improved Water Usage Efficiency
1.3.1.4 Need for High Energy Efficiency
1.3.2 Business Challenges
1.3.2.1 Phasing out of PFAS Refrigerants
1.3.2.2 Intense Market Competition from Diverse Cooling Technology
1.3.2.3 Rapid Adoption of Refrigerants over Air Cooling Driven by its Advantages
1.3.2.3.1 Leading Hyperscale Data Centre Operators to Have a Huge Impact on Market Adoption
1.3.3 Business Opportunities
1.3.3.1 AI and Neural Network Implementation to Optimize Cooling
1.3.3.2 Growing Traction for Indirect Thermosyphon Cooling
1.3.3.3 Increase in Investments toward Data Center Cooling Innovations
1.3.3.4 Growing Utilization of Advanced Refrigerants to Meet Environmental Targets
1.3.3.5 Resurgence of Air-Cooled Chillers
1.4 Supply Chain Analysis
1.5 Pricing Analysis
2 Regions
2.1 Global Data Center Outlook
2.2 Europe
2.2.1 Germany
2.2.2 Netherlands
2.2.3 France
2.2.4 Scandinavia
2.2.5 Rest of Europe
2.3 U.K.
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Company Profiles
3.2.1 Climalife
3.2.1.1 Company Overview
3.2.1.2 Product Portfolio
3.2.1.3 Analyst View
3.2.1.3.1 Regions of Growth:
3.2.2 Arkema
3.2.2.1 Company Overview
3.2.2.2 Product Portfolio
3.2.2.3 Analyst View
3.2.2.3.1 Regions of Growth:
3.2.3 M&I Materials Ltd
3.2.3.1 Company Overview
3.2.3.2 Product Portfolio
3.2.3.3 Customer Profile
3.2.3.3.1 Target Customer Segments
3.2.3.4 Analyst View
3.2.3.4.1 Regions of Growth:
3.2.4 Asetek, Inc. A/S
3.2.4.1 Company Overview
3.2.4.2 Product Portfolio
3.2.4.3 Customer Profile
3.2.4.3.1 Target Customer Segments
3.2.4.4 Analyst View
3.2.4.4.1 Regions of Growth:
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast
4.2.1 Factors for Data Prediction and Modelling
List of Figures
Figure 1: Properties of Hydrogen, Fluorine, and Chlorine Refrigerants
Figure 2: Phase-Out Schedules for HCFCs and HFCs
Figure 3: Europe Data Center Refrigerant Market, $Million, 2022-2032
Figure 4: Europe Data Center Refrigerant Market (by Industry), $Million, 2022 and 2032
Figure 5: Europe Data Center Refrigerant Market (by Data Center Type), $Million, 2022 and 2032
Figure 6: Europe Data Center Refrigerant Market (by Refrigerant Type), $Million, 2022 and 2032
Figure 7: Europe Data Center Refrigerant Market (by Cooling Type), $Million, 2022 and 2032
Figure 8: Europe Data Center Refrigerant Market (by Deployment), $Million, 2022 and 2032
Figure 9: Data Center Refrigerant Market (by Region), 2022
Figure 10: Hyperscale Data Center Capacity (by Region), MW, 2021
Figure 11: Data Center Capacity Outlook (by Region), MW, 2021
Figure 12: Anticipated Energy Consumption, by Data Center Types, TWh, 2023
Figure 13: Power Flows in a typical Data Center:
Figure 14: Pathway to Carbon Neutrality in Data Centers
Figure 15: Key Factors for Assessing Infrastructure Cost in a Data Center Project
Figure 16: CAPEX Comparison: Traditional Data Centers (TDC) Vs Carbon Neutral Data Centers (CNDC)
Figure 17: Key Factors for Assessing Energy Cost in Data Center Project
Figure 18: OPEX Comparison: Traditional Data Centers (TDC) Vs Carbon Neutral Data Centers (CNDC):
Figure 19: Major Countries’ Share of Total Installed Renewable Capacity, 2021
Figure 20: Global Trend in Industrial Refrigeration
Figure 21: Estimated Capital Expense for Various Data Center Cooling Technologies
Figure 22: Some Criteria Followed by Data Centers while Choosing Refrigerants
Figure 23: GWP and ODP of Most Common Refrigerants in Data Centers
Figure 24: Estimated Worldwide 5G Adoption as a Share of Total Mobile Connections (Excluding IoT)
Figure 25: Share of Data Center (by Country), 2022
Figure 26: Water Utility and Wastewater Cost Comparison in Data Centers, 2021
Figure 27: Cooling Efficiency and Water Usage of Data Center Cooling Technologies
Figure 28: Energy Distribution in a Typical Data Center, 2022
Figure 29: Evolution of Refrigerants from 1830 and Future Anticipations
Figure 30: Data Center Web Traffic, Zettabytes per Year, 2016-2021
Figure 31: Data Center pPue Analysis
Figure 32: Supply Chain Analysis of Data Center Refrigerant Market
Figure 33: Competitive Benchmarking Matrix
Figure 34: Data Center Refrigerant Market: Research Methodology
Figure 35: Data Triangulation
Figure 36: Top-Down and Bottom-Up Approach
Figure 37: Assumptions and Limitations
List of Tables
Table 1: Advantages and Disadvantages of Non-PFAS Refrigerants
Table 2: Key Consortium/Association in Data Center Refrigerant Industry
Table 3: Regulations Impacting the Data Center Refrigerant Market
Table 4: Government Initiatives and Impacts
Table 5: Recent Developments by Leading Companies toward Data Center Cooling, 2019-2023
Table 6: Key Companies and Developments toward Neural Networks in Data Centers
Table 7: Key Companies Exploring Indirect Thermosyphon Cooling
Table 8: Data Center Refrigerant Pricing
Table 9: Data Center Refrigerant Market (by Region), $Million, 2022-2032
Table 10: Climalife: Product Portfolio
Table 11: Arkema: Product Portfolio
Table 12: M&I Materials Ltd: Product Portfolio
Table 13: Asetek, Inc. A/S: Product Portfolio

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