The Europe rear door heat exchanger market was valued at US$ 146.65 million in 2022 and is expected to reach US$ 348.38 million by 2030; it is estimated to grow at a CAGR of 11.4% from 2022 to 2030.
Rising Number of Environmental Compliance Policies by Government Regarding Data Center Efficiency Fuels the Europe Rear Door Heat Exchanger Market
The government in many countries mandates or develops requirements to report environmental performance metrics and data centers' operating information in 2022. Data center managers are helping to develop effective and simple energy-efficiency metrics. These metrics are required under EC European Energy Efficiency Directive (EED) recast are likely to be included in regulation and legislation in other jurisdictions.
According to CloserStill Media Ltd, France is one of the hottest data center markets in the European Union, with the French data center market projected to reach an annual investment of US$ 9.7 billion in 2023 and growing to US$ 11 billion by 2027. Further, the German Bundestag is expected to pass an amended Energy Efficiency Act soon. The German Data Center Association still has concerns that this will affect data center operations in the country. The Energy Efficiency Act aimed to achieve a 26.5% cut in Germany's energy consumption by 2030, compared with 2008 levels. Also, in 2022, the first draft demanded all new data centers to ensure that 30% of their waste heat is used by other organizations from 2024 and 40% from 2027. The Act is expected to drop a requirement to locate all data centers within 5 km of a heating network, and data centers will be able to satisfy the requirement by making all new data centers "ready" to offer waste heat by including a heat transfer station on the site. They will then have to offer their waste heat and give the heating network six months to respond. Hence, the rising number of environmental compliance policies by government regarding data center efficiency is expected to provide many opportunities for the Europe rear door heat exchanger market.
Europe Rear Door Heat Exchanger Market Overview
The Europe rear door heat exchanger market in Europe is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. In Europe, citizens in all corners and companies of all sizes are highly adopting digital transformation. The opportunities arising from digitization bring new products, services, and industrial processes - all of which depend on the effective handling of data. Thus, European economies are becoming more and more data-hungry. The demand for data has increased globally. The digital shift in the economy in Europe is enabled by high-tech infrastructure, with large-scale data centers forming the backbone of the digital infrastructure. For instance, Google has invested heavily in fiber infrastructure data centers in Europe. Google operates hyper-scale data centers in four European regions: Hamina-Kotka in Finland, St. Ghislain-Mons in Belgium, Eemshaven-Groningen in The Netherlands, and Dublin in Ireland. Google's data center investments have helped the economic activity in Europe with US$ 515.24 million per year in gross domestic product (GDP). Google's data center investments have supported 6,600 jobs per year on average. Furthermore, Google is entrusted to purchase sufficient renewable energy to cover the consumed electricity at its operations and data centers. In Europe, Google achieved this by signing corporate Power Purchase Agreements (PPAs) to buy power from renewable energy power plants at an approved price and on a long-term basis. A PPA facilitates the developer's ability to finance these plants and promotes investment in renewables and the transition toward green energy. These agreements help de-carbonize Europe's energy supply. Also, various companies are launching data centers in Europe. For instance, in September 2023, a new European hyperscale data center builder was announced by the Apto company. Apto aimed to build and operate data centers for cloud service providers expanding in Europe. Similarly, in March 2023, Vanta announced that it was scaling its investment in the European market with the opening of a new EU data center, launching localized product features and updated policy frameworks, and expanding its partner ecosystem better to serve Vanta's rapidly growing customer base in Europe. Hence, with the increasing number of data centers in Europe, the demand for rear door heat exchangers is increasing, as these exchangers offer various benefits to data centers, such as energy efficiency, heat removal, less space requirement, flexibility, and low maintenance.
Europe Rear Door Heat Exchanger Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe Rear Door Heat Exchanger provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 146.65 Million |
Market Size by 2030 | US$ 348.38 Million |
Global CAGR (2022 - 2030) | 11.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Rear Door Heat Exchanger refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Airedale International Air Conditioning Ltd
2. Coolcentric
3. International Business Machines Corp
4. Nortek Air Solutions, LLC
5. nVent Electric plc
6. Stulz UK Ltd
7. USystems Limited
8. Vertiv Group Corp.
The Europe Rear Door Heat Exchanger Market is valued at US$ 146.65 Million in 2022, it is projected to reach US$ 348.38 Million by 2030.
As per our report Europe Rear Door Heat Exchanger Market, the market size is valued at US$ 146.65 Million in 2022, projecting it to reach US$ 348.38 Million by 2030. This translates to a CAGR of approximately 11.4% during the forecast period.
The Europe Rear Door Heat Exchanger Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Rear Door Heat Exchanger Market report:
The Europe Rear Door Heat Exchanger Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Rear Door Heat Exchanger Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Rear Door Heat Exchanger Market value chain can benefit from the information contained in a comprehensive market report.