The Middle East & Africa rear door heat exchanger market was valued at US$ 25.97 million in 2022 and is expected to reach US$ 48.44 million by 2030; it is estimated to grow at a CAGR of 8.1% from 2022 to 2030.
Increasing Number of Data Centers Globally Fuels the Middle East & Africa Rear Door Heat Exchanger Market
With the increased demand for immediate data transfer in offices, data is taking longer to reach its destination. Most organizations depend on large, outsourced data centers, usually located far from their place of business. There are various benefits offered by data centers. They provide redundant backup and a secure offsite location for all the business data. They provide rack space, a secure facility, and internet connectivity to keep the business running if something out of the ordinary happens to the business server. If the business is dependent on having access to the internet data and operations 24x7x365, a data center is critical and can ensure that the internet data is accessible. The rear door heat exchangers are essential components in modern data centers because they provide efficient and targeted cooling, improve energy efficiency, enhance reliability, and help data center operators manage the thermal challenges posed by increasingly powerful IT equipment and high-density rack configurations.
Various companies are providing data center solutions for the storage, processing, and distribution of data. For instance, in 2023, Egypt's Ministry of Communications and Information Technology and the UAE Ministry of Investment signed an MOU to invest in Egypt's digital infrastructure through 1GW of data center projects. Also, Edgnex Data Centers have signed a new collaboration deal to construct a data center and Cinturion, a cable landing station (CLS) in Saudi Arabia. Also, in 2022, to expand its presence on the African continent, Equinix, Inc. announced plans to join the South African market with a US$ 160 million data center investment in Johannesburg. Hence, with an increasing number of data centers, the demand for rear heat exchangers is rising significantly, as the rear door heat exchangers are widely used for supporting high-density data centers.
Middle East & Africa Rear Door Heat Exchanger Market Overview
The number of data centers in the Middle East & Africa (MEA) is increasing as various companies are launching new data centers in the region. For instance, in May 2023, Google announced the expansion of new cloud data centers in Qatar and the Middle East. A cloud region is an area in which a cloud data center is located. The move is expected to contribute US$ 18.9 billion to Qatar's economic output between 2023 and 2030 and create 25,000 jobs in 2030. Similarly, in March 2023, Agility Logistics Parks (ALP) announced the launch of tailored, master-planned data center campus sites in Kuwait, Saudi Arabia, Egypt, and Ghana, with more to come. Also, in July 2023, the Gulf Data Centre Association (GDCA) announced the launch of Touchdown Middle East, the region's first annual conference for the data center industry. These companies are developed in partnership with Amsterdam-based data and tech conference providers Kickstart Europe and Touchdown Middle East, promising to bring together data center industry leaders, C-level executives, critical decision-makers, trailblazing operators, industry influencers, and more from across the Middle East. With such launches, the number of data centers in the MEA is increasing, bolstering the demand for rear door heat exchangers. The rear door heat exchangers are widely used in data centers for cooling and more benefits, including energy efficiency.
Middle East & Africa Rear Door Heat Exchanger Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa 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$ 25.97 Million |
Market Size by 2030 | US$ 48.44 Million |
Global CAGR (2022 - 2030) | 8.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa 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.
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5. Vertiv Group Corp.
The Middle East & Africa Rear Door Heat Exchanger Market is valued at US$ 25.97 Million in 2022, it is projected to reach US$ 48.44 Million by 2030.
As per our report Middle East & Africa Rear Door Heat Exchanger Market, the market size is valued at US$ 25.97 Million in 2022, projecting it to reach US$ 48.44 Million by 2030. This translates to a CAGR of approximately 8.1% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Rear Door Heat Exchanger Market report:
The Middle East & Africa 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 Middle East & Africa Rear Door Heat Exchanger Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Rear Door Heat Exchanger Market value chain can benefit from the information contained in a comprehensive market report.