Press release
Data Center Cooling Market iN North America 2020: Recent Industry Trends and Projected Industry Growth, 2018 - 2025
North America Data Center Cooling Market
Based on geography, the market is segmented across U.S. and Canada. U.S. held more than four-fifth of the total market share in 2017 and is anticipated to maintain its dominance during the estimate period. Increase in the number of development projects in South-Eastern and South-Western regions, particularly in Virginia & Texas in the U.S. has spurred the growth.
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The North America data center cooling market was estimated at $4.0 billion in 2017 and is expected to hit $9.1 billion by 2025, registering a CAGR of 11.0% from 2018 to 2025.
The report includes an analysis of the major market players in the market, including Nortek Air Solutions, LLC; Emerson Electric Co.; Fujitsu Ltd.; Schneider Electric Se; Hitachi, Ltd.; Stulz GmbH; Rittal GmbH & Co. Kg; Asetek, Black Box Corporation; and Vertiv. Adopting a number of smart strategies, these key players have been able to retain a strong stand in the market.
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Based on type of cooling, the room-based cooling segment held the largest market share in 2017, accounting for nearly half of the total market. As it facilitates better air circulation in high raised floor data centers, the system is being increasingly adopted in the sector. On the other hand, the rack based cooling segment is expected to grow at the fastest CAGR of 13.7% throughout 2018-2025.
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Based on component, the solutions segment contributed to nearly two-third of the total market in 2017 and is expected to dominate throughout the forecast period. Rise in adoption of energy-efficient, environment-friendly, and cost-effective cooling solutions, owing to the stringent environment safety rules imposed by various governments has driven the growth.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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