Data Center Cooling Market in North America 2020 - Analysis, Size, Business Growth, Trends and Future Scenario Along with Top Key Players | Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co

The hyperscale data center segment is expected to grow at the highest CAGR during the forecast period due to increase in number of hyperscale data centers, owing to the advent of cloud computing that in turn is expected to increase the need for cooling solutions.

North America is home to the biggest software companies in the world. Companies like Facebook, Amazon, Google, Microsoft and Twitter are all based out of here. There are huge servers that handle the traffic from around the world so that the consumers are not affected in any way. These huge data centers need cooling to keep them operational. It is the biggest market for data center cooling and is still expanding.

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Some of the key market players profiled in the North America data center cooling market report include Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co.; Hitachi, Ltd.; Rittal Gmbh & Co. Kg; Fujitsu Ltd.; Stulz Gmbh; Vertiv; and Asetek. This study includes the North America data center cooling market analysis along with the trends and future estimations to determine the imminent investment pockets.

The North America data center cooling market size was valued at $4,020 million in 2017, and is projected to reach $9,177 million by 2025, growing at a CAGR of 11.0% from 2018 to 2025.

By component, the solution segmented dominated the market in 2017, accounting for nearly two-thirds of the market, owing to rise in adoption of energy-efficient, environment-friendly, and cost-effective cooling solutions due to the stringent environment safety rules imposed by government. However, the services segment is projected to manifest the fastest CAGR of 15.6% during the forecast period, as implementation of services ensures the effective functioning of solutions with transparency and control throughout the process.

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The room-based cooling segment held the largest share in 2017, contributing nearly half of the market, owing to its low investment and increased adoption in high raised floor data centers as it facilitates better air circulation in such data centers. However, the rack-based cooling segment is projected to register the fastest CAGR of 16.5% through 2025, owing to its ability to provide precise conditions in close proximity, which is targeted at the banks with server cabinets.

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The market across North America held the largest share in 2017, contributing nearly half of the market, owing to growth in big data and cloud adoption and presence of companies such as Google and Microsoft. However, the market across Asia-Pacific region is projected to register the fastest CAGR of 18.2% during the forecast period, owing to rapid industrialization in developing countries in regions such as India and China and increased number of data centers. The report includes analysis of the market across other regions such Europe and LAMEA.

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