North America Data Center Cooling Market
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.
In the United States, during the years 1998 – 2010, the number of data centers increased from approximately 430 to 2,000 and the overall power usage of data centers experienced a doubling between the years 2000 – 2006. Managing data centers is becoming increasingly complex as the pressure to “Go Green” is being observed worldwide. Data center managers are faced with the challenge of consolidating power through virtualization, blade servers, more efficient power supplies, and several other methods. With increasing number of data storage requirement globally, construction of data centers is also increasing across the world. This has led to increase in the growth of North America data center cooling market. As a result of this, the number of data centre cooling in these countries are expected to increase significantly. These factors are positively impacting on the growth of North America data center cooling market.
Strategic insights for the North America Data Center Cooling 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. The geographic scope of the North America Data Center Cooling 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. Lucrative Country North America Data Center Cooling Markets
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Get more information on this report North America Data Center Cooling Report Scope
Report Attribute
Details
Market size in 2018
US$ 3.1 Billion
Market Size by 2027
US$ 7.9 Billion
Global CAGR (2019 - 2027)
10.9%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Cooling Type
By Data Center Type
By Industry Vertical
By Offering
By Component
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Data Center Cooling Regional Insights
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Market Insights
Increase in data traffic leading to upsurge the demand for effective cooling solutions is bolstering the North America Data Centre Cooling Market
Rising penetration of connected devices and easy access to internet coupled with decreasing cost of internet services has resulted in the upsurge of demand for data storage worldwide. This is due to increasing demand for big data analytics and cloud-based services, such as online contents including movies, apps, videos and social media. This has resulted in cloud-based companies to deploy more IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to cloud. These developments are directly effecting the increase in Internet of Things (IoT) and data needs of the companies, thereby resulting in the increasing demand for data center cooling solutions to avoid overheating of the data centers, which is influencing the North America Data Center Cooling market to prosper during the forecast period.
Rising adoption of liquid cooling technology is enhancing the growth of North America Data Centre Cooling market
The liquid cooling solutions for data center cooling are creating a massive turbulence in the industry globally. The liquid cooling technology is the ideal solution to cater the requirements of the next gen data center. This technology provides various advantages over the legacy air cooling systems including lesser carbon footprint, lower TCO, better energy efficiency, higher reliability of server, and less noisy data centers among other advantages. Despite some of the cons of liquid cooling solutions including requirement of maintenance skills for liquid cooling solutions and high CAPEX cost, it is advantageous over the long run. The liquid cooling data centers around are witnessing around 20 – 30% reduction in the consumption of power, catering to the challenge of high power consumption in a data center. Thus, creating huge opportunity for the North America Data Centre Cooling Market in the forecast period.
North America Data Centre Cooling Market : Data Center Type Segment Insights
The colocation data centre segment captures more revenue share in the North America Data Centre Cooling market by data centre type. The demand for colocation services is giving a rise to construction of mega data centers as it offers economies of scale. Thus, it is anticipated that the colocation and cloud software as service products will increase in the coming years as well as drive the North America Data Centre Cooling market.
North America Data Centre Cooling Market : Industry Vertical Segment Insights
The North America Data Centre Cooling market by industry vertical is segmented into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. The characterization is based on the major sectors where data center finds majority of applications. Data center cooling are widely used among variety of industries. Major industries are deploying data centers to stay flexible as well to modernize their IT architecture to create key insights. Data centers help the enterprises to reduce their IT operational costs with secured IT infrastructure operations, increase their IT infrastructure capacity, reduce costs, standardize IT operations, and provide better efficiency. Thus, enhancing the North America Data Centre Cooling market in the forecast period.
Strategic insights for the North America Data Center Cooling 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 2018 | US$ 3.1 Billion |
| Market Size by 2027 | US$ 7.9 Billion |
| Global CAGR (2019 - 2027) | 10.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Cooling Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Data Center Cooling 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.
New market initiatives were observed as the most adopted strategy in the North America Data Centre Cooling market. Few of the recent market initiatives in the North America Data Centre Cooling market are listed below:
2019:
Rittal and ABB Ltd enhanced their global partnership to drive digitalization in industrial applications. The partnership covers various products and services such as interruptible power supply (UPS), secure edge data center solutions with fire protection, edge data centers for OEM manufacturers, scalable modular data centers as well as new power container solutions.
2018:
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. unveiled its plan of enhancements to its Smart Data Center solution which elevate the usage of AI and real-time analytics to further its vision of optimizing all aspects of IT operations across data centers.
2017:
Stulz launched Indoor chillers with intelligent adaption technology which generates cooling capacity of up to 100 kW. It has application across data center in medical technology or the process industry.
2016:
Rittal introduced a new refrigerant based rack and row cooling solution named LCP DX. This solution uses the principle of heat removal from critical IT components like Data Centers and micro data centers. This new product is most suitable for small or medium-sized IT equipment for heat removal. Also, the cooling product is available in two models, i.e., as a Rack or as an In-line solution.
NORTH AMERICA DATA CENTRE COOLING MARKET SEGMENTATION
The List of Companies
The North America Data Center Cooling Market is valued at US$ 3.1 Billion in 2018, it is projected to reach US$ 7.9 Billion by 2027.
As per our report North America Data Center Cooling Market, the market size is valued at US$ 3.1 Billion in 2018, projecting it to reach US$ 7.9 Billion by 2027. This translates to a CAGR of approximately 10.9% during the forecast period.
The North America Data Center Cooling 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 North America Data Center Cooling Market report:
The North America Data Center Cooling Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Data Center Cooling Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Data Center Cooling Market value chain can benefit from the information contained in a comprehensive market report.
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