
North America Data Centre Cooling Market Report and Forecast 2024-2032
Description
North America Data Centre Cooling Market Report and Forecast 2024-2032
North America Data Centre Cooling Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America data centre cooling market size reached a value of USD 7.76 billion in 2023. Aided by the exponential growth in data generation, technological advancement, and the increasing number of data centres, the market is projected to further grow at a CAGR of 11.8% between 2024 and 2032 to reach a value of USD 21.35 billion by 2032.
Data centre cooling refers to the systems and processes that control the environmental conditions in data storage facilities, particularly the temperature and humidity, to ensure the optimal performance of IT equipment and servers. Effective cooling solutions are critical as they directly influence the operational reliability and efficiency of data centres.
As per the North America data centre cooling market analysis, the demand for data centre cooling solutions in North America is driven primarily by the burgeoning IT and telecom sector, increasing cloud adoption, and the ongoing digital transformation in various industries.
The primary driver for the market is the surge in data consumption and cloud-based applications, necessitating robust data centre infrastructure. As data centres are crucial for storing, processing, and managing enormous amounts of data, maintaining the right temperature and humidity levels is essential to prevent overheating and ensure system reliability and longevity.
As per the North America data centre cooling market outlook, the push towards more energy-efficient and eco-friendly cooling technologies is influencing the market. Innovations such as liquid cooling solutions and advanced management software that optimise airflow and reduce energy consumption are becoming increasingly popular.
As data centres increasingly host high-performance computing systems, the heat generated by these systems is becoming more challenging to manage with traditional air cooling methods. Liquid cooling solutions, including direct-to-chip and immersion cooling technologies, are gaining popularity and fuelling the North America data centre cooling market growth. These methods are more efficient at removing heat and can significantly reduce the energy consumption associated with cooling data centre environments.
Data centres are utilising free cooling systems that take advantage of naturally cool external air or water sources to reduce the reliance on mechanical cooling systems. This not only helps in lowering energy consumption but also reduces operational costs. Regions with cooler climates, such as Northern parts of the U.S. and Canada, are particularly suited to exploit these techniques, which include air-side and water-side economisers, which also propels the North America data centre cooling market expansion.
Data centres are utilising free cooling systems that take advantage of naturally cool external air or water sources to reduce the reliance on mechanical cooling systems. This not only helps in lowering energy consumption but also reduces operational costs. Regions with cooler climates in the data centre cooling market in North America, such as Northern parts of the U.S. and Canada, are particularly suited to exploit these techniques, which include air-side and water-side economisers.
The U.S. dominates the market due to the presence of a large number of data centres and significant investments in cloud services and big data analytics. Canada and Mexico are also showing robust growth with increasing investments in data centre infrastructure, driven by economic growth and digitalisation efforts in these countries.
Looking forward, the North America data centre cooling market share is expected to witness significant growth, fuelled by the continuing expansion of data centres and the adoption of advanced technologies such as IoT, artificial intelligence, and 5G. The increasing focus on sustainability will drive innovations in cooling technologies, potentially leading to more widespread adoption of environmentally friendly and energy-efficient solutions.
Market Segmentation
The market can be divided based on component, data centre size, type of cooling, application, and country.
Market Breakup by Component
- Solution
- Air Conditioning
- Liquid Cooling Systems
- Chilling Units
- Cooling Towers
- Control System
- Economiser Systems
- Others
- Services
- Installation and Deployment
- Consulting, Support, and Maintenance Services
- Large Data Centre
- Medium Data Centre
- Small Data Centre
- Room-based Cooling
- Row/Rack-based Cooling
- BFSI
- IT and Telecom
- Healthcare
- Government
- Others
- United States of America
- Canada
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America data centre cooling market. Some of the major players explored in the report by Expert Market Research are as follows:
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Johnson Controls International plc
- Daikin Industries Ltd.
- STULZ GmbH
- Vertiv Group Corp.
- Nortek Air Solutions, LLC
- Asetek, Inc. A/S
- Green Revolution Cooling Inc.
- LiquidStack B.V.
- Munters Group
- Wakefield Thermal, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
164 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 Global Data Centre Cooling Market Overview
- 8.1 Key Industry Highlights
- 8.2 Global Data Centre Cooling Historical Market (2018-2023)
- 8.3 Global Data Centre Cooling Market Forecast (2024-2032)
- 8.4 Global Data Centre Cooling Market Share by Region
- 8.4.1 North America
- 8.4.2 Europe
- 8.4.3 Asia Pacific
- 8.4.4 Latin America
- 8.4.5 Middle East and Africa
- 9 North America Data Centre Cooling Market Overview
- 9.1 Key Industry Highlights
- 9.2 North America Data Centre Cooling Historical Market (2018-2023)
- 9.3 North America Data Centre Cooling Market Forecast (2024-2032)
- 10 North America Data Centre Cooling Market by Component
- 10.1 Solution
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.1.3 Breakup by Type
- 10.1.3.1 Air Conditioning
- 10.1.3.2 Liquid Cooling Systems
- 10.1.3.3 Chilling Units
- 10.1.3.4 Cooling Towers
- 10.1.3.5 Control System
- 10.1.3.6 Economizer Systems
- 10.1.3.7 Others
- 10.2 Services
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.2.3 Breakup by Type
- 10.2.3.1 Installation and Deployment
- 10.2.3.2 Consulting, Support, and Maintenance Services
- 11 North America Data Centre Cooling Market by Data Centre Size
- 11.1 Large Data Centre
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Medium Data Centre
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 Small Data Centre
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 12 North America Data Centre Cooling Market by Type of Cooling
- 12.1 Room-based Cooling
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Row/Rack-based Cooling
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 13 North America Data Centre Cooling Market by Application
- 13.1 BFSI
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 IT and Telecom
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Healthcare
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 Government
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 North America Data Centre Cooling Market by Country
- 14.1 United States of America
- 14.1.1 Historical Trend (2018-2023)
- 14.1.2 Forecast Trend (2024-2032)
- 14.2 Canada
- 14.2.1 Historical Trend (2018-2023)
- 14.2.2 Forecast Trend (2024-2032)
- 15 Market Dynamics
- 15.1 SWOT Analysis
- 15.1.1 Strengths
- 15.1.2 Weaknesses
- 15.1.3 Opportunities
- 15.1.4 Threats
- 15.2 Porter’s Five Forces Analysis
- 15.2.1 Supplier’s Power
- 15.2.2 Buyer’s Power
- 15.2.3 Threat of New Entrants
- 15.2.4 Degree of Rivalry
- 15.2.5 Threat of Substitutes
- 15.3 Key Indicators of Demand
- 15.4 Key Indicators of Price
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Company Profiles
- 16.2.1 Mitsubishi Electric Corporation
- 16.2.1.1 Company Overview
- 16.2.1.2 Product Portfolio
- 16.2.1.3 Demographic Reach and Achievements
- 16.2.1.4 Certifications
- 16.2.2 Schneider Electric SE
- 16.2.2.1 Company Overview
- 16.2.2.2 Product Portfolio
- 16.2.2.3 Demographic Reach and Achievements
- 16.2.2.4 Certifications
- 16.2.3 Johnson Controls International plc
- 16.2.3.1 Company Overview
- 16.2.3.2 Product Portfolio
- 16.2.3.3 Demographic Reach and Achievements
- 16.2.3.4 Certifications
- 16.2.4 Daikin Industries Ltd.
- 16.2.4.1 Company Overview
- 16.2.4.2 Product Portfolio
- 16.2.4.3 Demographic Reach and Achievements
- 16.2.4.4 Certifications
- 16.2.5 STULZ GmbH
- 16.2.5.1 Company Overview
- 16.2.5.2 Product Portfolio
- 16.2.5.3 Demographic Reach and Achievements
- 16.2.5.4 Certifications
- 16.2.6 Vertiv Group Corp.
- 16.2.6.1 Company Overview
- 16.2.6.2 Product Portfolio
- 16.2.6.3 Demographic Reach and Achievements
- 16.2.6.4 Certifications
- 16.2.7 Nortek Air Solutions, LLC
- 16.2.7.1 Company Overview
- 16.2.7.2 Product Portfolio
- 16.2.7.3 Demographic Reach and Achievements
- 16.2.7.4 Certifications
- 16.2.8 Asetek, Inc. A/S
- 16.2.8.1 Company Overview
- 16.2.8.2 Product Portfolio
- 16.2.8.3 Demographic Reach and Achievements
- 16.2.8.4 Certifications
- 16.2.9 Green Revolution Cooling Inc.
- 16.2.9.1 Company Overview
- 16.2.9.2 Product Portfolio
- 16.2.9.3 Demographic Reach and Achievements
- 16.2.9.4 Certifications
- 16.2.10 LiquidStack B.V.
- 16.2.10.1 Company Overview
- 16.2.10.2 Product Portfolio
- 16.2.10.3 Demographic Reach and Achievements
- 16.2.10.4 Certifications
- 16.2.11 Munters Group
- 16.2.11.1 Company Overview
- 16.2.11.2 Product Portfolio
- 16.2.11.3 Demographic Reach and Achievements
- 16.2.11.4 Certifications
- 16.2.12 Wakefield Thermal, Inc.
- 16.2.12.1 Company Overview
- 16.2.12.2 Product Portfolio
- 16.2.12.3 Demographic Reach and Achievements
- 16.2.12.4 Certifications
- 16.2.13 Others
- 17 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Data Centre Cooling Market: Key Industry Highlights, 2018 and 2032
- 2. North America Data Centre Cooling Market: Key Industry Highlights, 2018 and 2032
- 3. North America Data Centre Cooling Historical Market: Breakup by Component (USD Billion), 2018-2023
- 4. North America Data Centre Cooling Market Forecast: Breakup by Component (USD Billion), 2024-2032
- 5. North America Data Centre Cooling Historical Market: Breakup by Data Centre Size (USD Billion), 2018-2023
- 6. North America Data Centre Cooling Market Forecast: Breakup by Data Centre Size (USD Billion), 2024-2032
- 7. North America Data Centre Cooling Historical Market: Breakup by Type of Cooling (USD Billion), 2018-2023
- 8. North America Data Centre Cooling Market Forecast: Breakup by Type of Cooling (USD Billion), 2024-2032
- 9. North America Data Centre Cooling Historical Market: Breakup by Application (USD Billion), 2018-2023
- 10. North America Data Centre Cooling Market Forecast: Breakup by Application (USD Billion), 2024-2032
- 11. North America Data Centre Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
- 12. North America Data Centre Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 13. North America Data Centre Cooling Market Structure
Pricing
Currency Rates
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