North America Data Center Cooling Market Outlook 2031:
The North America data center cooling market size was valued at USD 4.69 Billion in 2022 and is projected to reach USD 11.90 Billion by 2031, expanding at a CAGR of 10.9% during the forecast period 2023 - 2031. Growth of the market is attributed to increasing internet usages, rising energy data demand from data center, and rapidly emerging economies.
In data center facility for maintaining ideal temperature the techniques, processes, collective equipment, and tools are used which refers to data center cooling. For keeping modern data centers running efficiently & safely requires continual close management & monitoring.
Modern data centers are extraordinary technological facility. Managing the right temperature is important tasks in data center management. The Covid-19 pandemic impacted the supply and demand of North America data center cooling market.
Oscillating supply of raw materials, lockdown across the globe, and supply chain disorders forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Data Center Cooling Market Trends, Drivers, Restraints, and Opportunities
- Rising need for the green data center is projected to boost the market.
- Increasing quantity of digital data is the major factor fueling the market.
- Lack of awareness about the data center liquid cooling is projected to restrict the market expansion during the forecast period.
- Power outage is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in data center cooling market is projected to offer lucrative opportunities for the market players.
Scope of the Data Center Cooling Market Report
The report on the North America data center cooling market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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North America Data Center Cooling Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Solutions - Air Conditioners, Chillers, Economizer Systems, Liquid Cooling Systems, and Row/Rack/Door/Over-head Cooling Systems.
Services - installation and deployment, consulting support and maintenance services.
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Regional Scope
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The US, Canada, and Mexico
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Schneider Electric SE; Black Box Corporation; Asetek; Nortek Air Solutions LLC; Emerson Electric Co.; Hitachi, Ltd.
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Data Center Cooling Market Segment Insights:
The liquid cooling systems segment accounts for a significant share of the market
Based on solutions, the North America data center cooling market is segregated into air conditioners, chillers, economizer systems, liquid cooling systems, and row/rack/door/over-head cooling systems.
The liquid cooling systems segment accounts for a significant share of the market. Growth of the market is attributed to high cost of initial investment in renewable energy data center and rapid urbanization. The air conditioners & handlers segment are anticipated to expand at a rapid pace during the forecast period due to factors such as energy efficient equipment, increasing electricity usages, and increased emission of CO2.
The installation & deployment segment accounts for a significant share of the market
Based on services, the North America data center cooling market is segregated into installation and deployment, consulting support and maintenance services. The installation & deployment segment accounts for a significant share of the market.
Growth of the market is attributed to increasing number of constructions of hyper scale facilities and rising need for expending storage capacity. The consulting segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing number of data users and rising need for reduction of operational expenditure.
The IT segment accounts for a key share of the market
On the basis of end user, the North America data center cooling market is segregated into Information Technology, BFSI, Telecommunication, Healthcare, Retail, and Government.
The IT segment accounts for a key share of the market. Growth of the market is attributed to increasing energy expenditure by data center and rapid development in IT infrastructure. However, the BFSI segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising number of SaaS providers and increasing adoption of cloud storage.
The US is projected to dominate the market
In terms of regions, the North America data center cooling market is classified as US, Canada, and Mexico. The United States dominated the entire North American data center cooling market.
In 2019, the number of hyper scale data centers worldwide surpassed 500. According to Cisco Systems, the United States has the most data centers, accounting for 38 percent of the global total.
Segments
The North America data center cooling market is segmented on the basis of
Solutions
- Air Conditioners
- Chillers
- Economizer Systems
- Liquid Cooling Systems
- Row/Rack/Door/Over-head Cooling Systems
Services
- Installation & Deployment
- Consulting Support & Maintenance Services
End-users
- Information Technology
- BFSI
- Telecommunication
- Healthcare
- Retail
- Government
Regions
Key Players
Competitive Landscape
The major players in the North America data center cooling market include Schneider Electric SE; Black Box Corporation; Asetek; Nortek Air Solutions LLC; Emerson Electric Co.; Hitachi, Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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