The global HVAC in data center market is projected to grow from USD 13.70 billion in 2025 to USD 31.80 billion by 2032, according to MarketsandMarkets Research. The market is expected to expand at a CAGR of 12.78% from 2026 to 2032, driven by thermal management demands from high-density artificial intelligence infrastructure and advanced graphics processing unit workloads.
North America remains the largest regional market, valued at USD 5.05 billion in 2025 and projected to reach USD 11.20 billion by 2032 at a CAGR of 12.05%. The source links this position to hyperscale facilities in Northern Virginia, Phoenix, Dallas, and Silicon Valley, along with early adoption of advanced thermal management systems, predictive software-defined controls, and advanced dry cooling systems.
Europe’s HVAC in data center market was valued at USD 3.51 billion in 2025 and is expected to reach USD 7.33 billion by 2032, growing at a CAGR of 11.08%. The report cites regulation-driven demand, including the EU Green Deal and local energy conservation acts, as operators work to improve efficiency, use low-global-warming-potential refrigerants, and implement waste heat recovery for municipal use.
Asia Pacific is identified as the fastest-growing region, rising from USD 3.97 billion in 2025 to USD 10.74 billion by 2032 at a CAGR of 15.28%. Growth is attributed to digitalization programs, e-commerce expansion, corporate cloud adoption in China and India, and government focus on sovereign computing capabilities and local digital infrastructure.
The Rest of World segment is forecast to grow from USD 1.17 billion in 2025 to USD 2.53 billion by 2032, with a CAGR of 11.64%. MarketsandMarkets lists Vertiv, Schneider Electric, Johnson Controls, Carrier Global, Trane Technologies, Daikin Industries, Rittal, Stulz, Munters Group, LiquidStack, Submer, Green Revolution Cooling, Motivair Corporation, and Boyd Corporation among the major companies in the sector.
Source