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SINGAPORE - Carrier (NYSE:CARR), a $50.32 billion market cap building products leader with annual revenues exceeding $22.4 billion, will present its QuantumLeap thermal management platform for data centers at Data Centre World Asia on October 8-9, according to a company press release.
The QuantumLeap suite combines liquid and air cooling technologies with control systems designed to address cooling challenges in data centers. The company will debut its liquid cooling solution in Asia for the first time at the event.
Carrier, a part of Carrier Global Corporation (NYSE:CARR), is introducing these solutions as Asia’s data center market expands. The region saw $20 billion in cross-border data center investments in 2024, with the cooling market projected to reach $7.3 billion by 2031.
"Asia is at the center of the global data revolution," said Arun Bhatia, Executive Managing Director - Southeast Asia at Carrier.
The QuantumLeap platform includes chillers with built-in pumps and sustainable refrigerants, liquid cooling units for high-density AI racks, and digital monitoring systems. The solutions are designed to manage thermal requirements across data center operations.
Carrier’s offerings also feature the Abound digital platform for maintenance and Nlyte and Automated Logic systems for infrastructure management.
Visitors can find Carrier at stand G30 at the exhibition, which is described as the region’s largest data center trade show.
In other recent news, Carrier Global Corporation has introduced an upgrade to its Abound Insights platform, adding AI-powered features to enhance building management operations. This upgrade includes an app with interactive maps and AI-enhanced markers, providing actionable recommendations for operations and maintenance. Meanwhile, several analysts have adjusted their price targets for Carrier Global due to challenges in the residential HVAC market. Mizuho lowered its price target to $80 from $88, citing weakening conditions in the residential HVAC sector. Similarly, RBC Capital decreased its target to $75 from $87 following a negative pre-announcement by Carrier, highlighting significant weakness in its Americas residential segment. Despite these challenges, Goldman Sachs maintained its Buy rating with a $76 price target, noting a significant decline in third-quarter residential volumes. Jefferies also adjusted its price target to $90 from $100, reflecting Carrier’s revised outlook for its U.S. residential HVAC segment. These developments underscore the mixed sentiment among analysts regarding Carrier Global’s current market position.
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