Vietnam Data Centre Cooling Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The Vietnam data centre cooling market size reached around USD 69.28 Million in 2024. The market is projected to grow at a CAGR of 14.70% between 2025 and 2034 to reach nearly USD 273.05 Million by 2034.

Vietnam Data Centre Cooling Market Growth

The data centre market in Vietnam is anticipated to reach USD 1.26 billion by 2030, with a compound annual growth rate of 10.8%. Meanwhile, the global data centre market is projected to reach nearly USD 321 billion by 2024, growing at an average annual rate of approximately 7.3%. Furthermore, the Asia-Pacific region is fuelling 19% of data centre growth, with significant expansion in both primary and secondary markets. This growth leads to high heat generated by electronic components within a data centre, necessitating the need for data centre cooling.

As per the Vietnam data centre cooling market analysis, the rapid increase in data volume, fuelled by the rising popularity of digital services, social media, and video streaming, is causing data centre capacities to grow. To address this surge in data traffic, effective cooling systems are needed to handle the heat produced by densely packed computing hardware.

The importance of data centres and data centre cooling in Vietnam is increasing due to the rapid growth in data production and the implementation of data localisation laws. The demand for data centres has exceeded supply, with estimates suggesting that Vietnam needs at least five new 2,000-rack data centres annually. The previously approved National Data Centre Project aims to address this need by developing a national data centre to store government data., leading to the expansion of Vietnam data centre cooling market size. As Vietnam progresses towards digitalising its public sector, the volume of data to be stored securely will increase significantly. Therefore, the data centre must meet the highest technology and security standards. The government anticipates completing the entire project construction by 2025, followed by the deployment of in-depth data analysis from 2026 to support the development of policy mechanisms and national development strategy.

Key Trends and Developments

The Vietnam data centre cooling market growth can be attributed to growing data centre infrastructure in the region, innovation in cooling technology, and rising emphasis on energy efficiency and sustainability.

July 2024

CMC Corporation took a noteworthy step in the data centre cooling sector by allocating USD 12.5 million to create CMC AI Digital Infrastructure (CMC ADI), a subsidiary focused on the development and management of hyperscale data centres. The headquarters of CMC ADI are situated in the Tan Thuan Export Processing Zone (EPZ) in Ho Chi Minh City.

May 2024

Mitsubishi Electric Corporation is ready to offer comprehensive heat-related solutions. This initiative aims to help manufacturers, building owners, and heat-supply operators reduce electricity and heat-energy costs while improving decarbonisation efforts. The service includes facility design using advanced heat-engineering technologies, such as EcoCute hot water systems, heat pump chillers, and industrial cooling equipment, consequently driving up the Vietnam data centre cooling market share.

July 2021

STULZ, a leading specialist in mission-critical air conditioning declared the global launch of its CyberCool Free Cooling Booster. This cutting-edge free cooling module allows data centres and industrial applications to take advantage of environmentally sustainable cooling solutions.

Accelerated Growth of Data Centers

One of the notable Vietnam data centre cooling market trends is the expansion of data centres in the region. The surging demand for digital services, cloud computing, and data storage in Vietnam is propelling the expansion of data centers, thereby heightening the necessity for effective cooling solutions to ensure optimal performance and mitigate overheating risks.

Increased Embrace of Cloud Computing

As enterprises in Vietnam progressively transition to cloud-based services, the requirement for dependable and efficient cooling systems in data centers intensifies, safeguarding the stability and performance of servers and storage infrastructures within the expanding digital landscape.

Innovations in Cooling Technology

Advancements such as liquid cooling and energy-efficient air cooling systems are gaining traction in Vietnam's data centers, improving cooling effectiveness while minimising energy usage, which in turn fosters market development.

Government Initiatives and Digital Transformation Efforts

Vietnam's commitment to digital transformation, bolstered by supportive government policies and investments in IT infrastructure, accelerates the growth of data centers, thereby increasing the demand for sophisticated cooling systems to accommodate heightened digitalization, leading to the Vietnam data centre cooling market development.

Emphasis on Energy Efficiency and Sustainability

The rising focus on sustainability and the reduction of energy consumption in data centers is driving the adoption of eco-friendly and energy-efficient cooling solutions, enabling data centers to comply with regulatory requirements and lower operational expenses.

Vietnam Data Centre Cooling Market Trends

The market is witnessing substantial growth, driven by several pivotal trends. A major factor contributing to this expansion is the rise of cloud computing and digital services across various sectors, which has resulted in the establishment of additional data centers. This surge in data center infrastructure creates a demand for effective and scalable cooling solutions to ensure optimal performance and mitigate the risk of overheating, leading to the expansion of Vietnam data centre cooling market size.

Additionally, there is an increasing emphasis on energy efficiency and sustainability, influencing the market dynamics. Many data centers are now implementing eco-friendly cooling technologies aimed at minimising energy consumption and reducing operational expenses. Innovations in liquid cooling systems and airflow management are becoming increasingly favored for their capacity to improve cooling efficiency while decreasing power consumption.

Vietnam Data Centre Cooling Industry Segmentation

The EMR’s report titled “Vietnam Data Centre Cooling Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component:

• Solution
• Services

Market Breakup by Data Centre Size:

• Large Data Centre
• Medium Data Centre
• Small Data Centre

Market Breakup by Cooling:

• Room-based Cooling
• Row/Rack-based Cooling

Market Breakup by Application:

• Government
• BFSI
• IT and Telecom
• Healthcare
• Others

Market Breakup by Region:

• Southeast
• Red River Delta
• Mekong River Delta
• South Central Coast
• Others

Vietnam Data Centre Cooling Market Share

Based on the data centre size, the market is segmented into large data centre, medium data centre, and small data centre. Medium data centres are projected to dominate the market, representing 15.1% of the CAGR in the market, leading to the Vietnam data centre cooling market development. Medium data centers generally accommodate between 500 and 1,000 servers, delivering both storage and computational capabilities for small to mid-sized enterprises. They ensure a dependable infrastructure for data storage, cloud services, and IT operations, effectively balancing cost, efficiency, and scalability to support the growth of businesses.

Leading Companies in the Vietnam Data Centre Cooling Market

The market players are focusing on the adoption of sustainable and green cooling solutions to improve Vietnam data centre cooling market outlook.

Schneider Electric SE

Schneider Electric SE, established in 1836 and based in Rueil-Malmaison, France, is a leader in energy management and automation solutions. The company provides a diverse array of products related to industrial automation, electrical distribution, and infrastructure for data centres.

Vertiv Group Corp.

Vertiv Group Corp., founded in 2016 and located in Columbus, Ohio, specialises in essential digital infrastructure and continuity solutions. The company emphasises power, cooling, and IT management for communication networks, data centers, and commercial facilities on a global scale, leading to Vietnam data centre cooling market expansion.

STULZ GMBH

STULZ GMBH, founded in 1947 and headquartered in Hamburg, Germany, focuses on air conditioning and cooling solutions tailored for mission-critical environments. Its expertise lies in energy-efficient climate control systems for industrial processes, data centers, and telecommunications.

Daikin Industries, Ltd.

Daikin Industries, Ltd., established in 1924 and headquartered in Osaka, Japan, is a prominent global manufacturer of refrigeration, air conditioning, and climate control solutions. The company is recognised for its innovative and energy-efficient systems catering to commercial, residential, and industrial needs.

Another major player in the market is AERMEC S.P.A. among others.