The North America data center cooling market is accounted to US$ 3.1 Bn in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period 2019 – 2027, to account to US$ 7.9 Bn by 2027.
North America Data Center Cooling Market: Insights
Increase in Data Traffic Leading to Upsurge the Demand for Effective Cooling Solutions is Bolstering the North America Data Center Cooling Market
The steady climb in global data traffic, fueled by the expanding base of internet-connected devices and the decreasing expense of internet access, is a key driver for the North America Data Centre Cooling market. This consistent growth in data directly translates to an increased requirement for data storage infrastructure on a global scale. The growing popularity of big data analytics and a diverse range of cloud-based offerings, encompassing widely used online content such as movies, applications, videos, and social media platforms, necessitates substantial IT resources within data centers. Consequently, cloud service providers are continually expanding their data center capacities to accommodate this ongoing growth. Furthermore, a wide array of industries are actively exploring and implementing cloud solutions, recognizing the considerable benefits of utilizing data center services to support their evolving technological needs. These interconnected trends are directly contributing to the expansion of the Internet of Things (IoT) and the increasing data demands of businesses, thereby creating a continuously growing need for advanced data center cooling technologies essential for effective heat management. This critical demand is the fundamental reason for the anticipated strong growth of the North America Data Centre Cooling market throughout the forecast period.
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Rising Adoption of Liquid Cooling Technology is Enhancing the Growth of North America Data Center Cooling Market
The increasing adoption of innovative liquid cooling technologies is creating a significant shift within the global data center cooling industry, with a particularly strong influence on the North American market. Liquid cooling is rapidly becoming the preferred method for addressing the complex cooling challenges presented by next-generation, high-performance data centers. This technology offers a compelling set of advantages over traditional air cooling methodologies, including a reduced environmental footprint through lower carbon emissions, a more favorable total cost of ownership over the long term, superior energy efficiency, enhanced operational stability of server equipment, and the creation of quieter data processing facilities. While certain considerations exist, such as the need for specialized technical skills for system maintenance and a higher initial investment, the long-term benefits of liquid cooling are substantial. Data centers that have implemented liquid cooling solutions are consistently reporting significant reductions in energy consumption, often in the range of 20% to 30%, effectively tackling the persistent issue of high power usage in data center environments. This compelling combination of economic and operational advantages is generating substantial growth opportunities for the North America Data Center Cooling Market in the years ahead as organizations prioritize sustainability and performance optimization.
NORTH AMERICA DATA CENTER COOLING MARKET SEGMENTATION
North America Data Center Cooling Market – By Offerings
- Solutions
- Services
North America Data Center Cooling Market – By Connectivity
- Room-Based Cooling
- Row-Based Cooling
- Rack-Based Cooling
North America Data Center Cooling Market – By Data Center Type
- Enterprise
- Colocation
- Wholesale
- Hyperscale Data Centers
North America Data Center Cooling Market – By Industry Vertical
- BFSI
- Manufacturing
- It & Telecom
- Media & Entertainment
- Retail
- Government & Defense
- Healthcare
- Energy
- Others
North America Data Center Cooling Market – By Geography
- North America
- U.S.
- Canada
- Mexico
North America Data Center Cooling Market – Company Profiles
- Airedale air Conditioning
- Asetek Inc.
- Black Box Corporation
- Carrier Corporation
- Emerson Electric Co.
- Fujitsu Ltd.
- Hitachi Ltd.
- Modine Manufacturing Company
- Nortek Air Solutions
- Rittal GmbH
- Schneider Electric
- Stulz GmbH
- Trane
- Vertiv Group Cor.
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