Table of Content

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 Global 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 By Application
2.1 Industry
2.2 Data Center Type

3 By Product
3.1 Refrigerant Type
3.1.1 Conventional Refrigerants
3.1.2 Liquid Cooling Fluids
3.2 Cooling Type
3.2.1 Air Cooling
3.2.2 Liquid Cooling
3.2.3 Free Cooling
3.3 Deployment
3.3.1 Installation/OEM
3.3.2 Aftermarket

4 Regions
4.1 Global Data Center Outlook
4.2 North America
4.2.1 U.S.
4.2.2 Rest of North America
4.3 Europe
4.3.1 Germany
4.3.2 Netherlands
4.3.3 France
4.3.4 Scandinavia
4.3.5 Rest of Europe
4.4 U.K.
4.5 China
4.6 Asia Pacific and Japan
4.6.1 Japan
4.6.2 Australia
4.6.3 India
4.6.4 Singapore
4.6.5 Rest of Asia Pacific
4.7 South America
4.7.1 Brazil

5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Company Profiles
5.2.1 Honeywell International Inc.
5.2.1.1 Company Overview
5.2.1.2 Product Portfolio
5.2.1.3 Analyst View
5.2.1.3.1 Regions of Growth:
5.2.2 The Chemours Company
5.2.2.1 Company Overview
5.2.2.2 Product Portfolio
5.2.2.3 Analyst View
5.2.2.3.1 Regions of Growth:
5.2.3 Climalife
5.2.3.1 Company Overview
5.2.3.2 Product Portfolio
5.2.3.3 Analyst View
5.2.3.3.1 Regions of Growth:
5.2.4 Arkema
5.2.4.1 Company Overview
5.2.4.2 Product Portfolio
5.2.4.3 Analyst View
5.2.4.3.1 Regions of Growth:
5.2.5 Orbia
5.2.5.1 Company Overview
5.2.5.2 Product Portfolio
5.2.5.3 Analyst View
5.2.5.3.1 Regions of Growth:
5.2.6 DAIKIN INDUSTRIES, Ltd.
5.2.6.1 Company Overview
5.2.6.2 Product Portfolio
5.2.6.3 Customer Profile
5.2.6.3.1 Target Customer Segments
5.2.6.3.2 Key Clients
5.2.6.4 Analyst View
5.2.6.4.1 Regions of Growth:
5.2.7 Dow
5.2.7.1 Company Overview
5.2.7.2 Product Portfolio
5.2.7.3 Customer Profile
5.2.7.3.1 Target Customer Segments
5.2.7.4 Analyst View
5.2.7.4.1 Regions of Growth:
5.2.8 M&I Materials Ltd
5.2.8.1 Company Overview
5.2.8.2 Product Portfolio
5.2.8.3 Customer Profile
5.2.8.3.1 Target Customer Segments
5.2.8.4 Analyst View
5.2.8.4.1 Regions of Growth:
5.2.9 Asetek, Inc. A/S
5.2.9.1 Company Overview
5.2.9.2 Product Portfolio
5.2.9.3 Customer Profile
5.2.9.3.1 Target Customer Segments
5.2.9.4 Analyst View
5.2.9.4.1 Regions of Growth:
5.2.10 3M
5.2.10.1 Company Overview
5.2.10.2 Product Portfolio
5.2.10.3 Customer Profile
5.2.10.3.1 Target Customer Segments
5.2.10.3.2 Key Clients
5.2.10.4 Analyst View
5.2.10.4.1 Regions of Growth:
5.2.11 Cargill, Incorporated
5.2.11.1 Company Overview
5.2.11.2 Product Portfolio
5.2.11.3 Customer Profile
5.2.11.3.1 Target Customer Segments
5.2.11.4 Analyst View
5.2.11.4.1 Regions of Growth:

6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
6.2.1 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: Global Data Center Refrigerant Market, $Million, 2022-2032
Figure 4: Global Data Center Refrigerant Market (by Industry), $Million, 2022 and 2032
Figure 5: Global Data Center Refrigerant Market (by Data Center Type), $Million, 2022 and 2032
Figure 6: Global Data Center Refrigerant Market (by Refrigerant Type), $Million, 2022 and 2032
Figure 7: Global Data Center Refrigerant Market (by Cooling Type), $Million, 2022 and 2032
Figure 8: Global Data Center Refrigerant Market (by Deployment), $Million, 2022 and 2032
Figure 9: Global Data Center Refrigerant Market (by Region), 2022
Figure 10: Scope Definition
Figure 11: Hyperscale Data Center Capacity (by Region), MW, 2021
Figure 12: Data Center Capacity Outlook (by Region), MW, 2021
Figure 13: Anticipated Energy Consumption, by Data Center Types, TWh, 2023
Figure 14: Power Flows in a typical Data Center:
Figure 15: Pathway to Carbon Neutrality in Data Centers
Figure 16: Key Factors for Assessing Infrastructure Cost in a Data Center Project
Figure 17: CAPEX Comparison: Traditional Data Centers (TDC) Vs Carbon Neutral Data Centers (CNDC)
Figure 18: Key Factors for Assessing Energy Cost in Data Center Project
Figure 19: OPEX Comparison: Traditional Data Centers (TDC) Vs Carbon Neutral Data Centers (CNDC):
Figure 20: Major Countries’ Share of Total Installed Renewable Capacity, 2021
Figure 21: Global Trend in Industrial Refrigeration
Figure 22: Estimated Capital Expense for Various Data Center Cooling Technologies
Figure 23: Some Criteria Followed by Data Centers while Choosing Refrigerants
Figure 24: GWP and ODP of Most Common Refrigerants in Data Centers
Figure 25: Estimated Worldwide 5G Adoption as a Share of Total Mobile Connections (Excluding IoT)
Figure 26: Share of Global Data Center (by Country), 2022
Figure 27: Water Utility and Wastewater Cost Comparison in Data Centers, 2021
Figure 28: Cooling Efficiency and Water Usage of Data Center Cooling Technologies
Figure 29: Energy Distribution in a Typical Data Center, 2022
Figure 30: Evolution of Refrigerants from 1830 and Future Anticipations
Figure 31: Data Center Web Traffic, Zettabytes per Year, 2016-2021
Figure 32: Data Center pPue Analysis
Figure 33: Supply Chain Analysis of Global Data Center Refrigerant Market
Figure 34: Competitive Benchmarking Matrix
Figure 35: Global Data Center Refrigerant Market: Research Methodology
Figure 36: Data Triangulation
Figure 37: Top-Down and Bottom-Up Approach
Figure 38: 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: Global Data Center Refrigerant Market (by Region), $Million, 2022-2032
Table 10: Honeywell International Inc.: Product Portfolio
Table 11: The Chemours Company: Product Portfolio
Table 12: Climalife: Product Portfolio
Table 13: Arkema: Product Portfolio
Table 14: Orbia: Product Portfolio
Table 15: DAIKIN INDUSTRIES, Ltd.: Product Portfolio
Table 16: Dow: Product Portfolio
Table 17: M&I Materials Ltd: Product Portfolio
Table 18: Asetek, Inc. A/S: Product Portfolio
Table 19: 3M: Product Portfolio
Table 20: Cargill, Incorporated: Product Portfolio