North America Data Center Cooling Market to Reach USD 9.1 Billion at 11% CAGR| Hot Tech, Cool Solutions: The Latest in Data Center Cooling Trends

Increase in the demand for efficient and conducive data centers, green initiatives for ecological data center solutions and substantial growth of power density have fueled the growth of North America data center cooling market. On the other hand, higher investment costs, requirement of specialized infrastructure and cooling challenges during power outage have happened to curb the growth to some extent. Nevertheless, emergence of liquid-based cooling as well as portable cooling technology, and growth in the demand for modular data center cooling approach have created multiple opportunities in the segment.

The report offers an in-depth analysis of drivers & opportunities, evolving market trends, top investment pockets, competitive landscape, key segments, and market size & estimations. According to the report, 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.

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In recent times, the number of data centers has seen a notable increase. To enhance data center performance, a greater number of processors are being utilized within a given space, resulting in increased density. This heightened density, however, comes with an augmented need for power and cooling. Additionally, the power density of data centers is on the rise at an average rate of 1.5 kW per rack, leading to constrained air distribution and heightened heat generation. Typically, IT equipment requires between 100 and 160 cubic feet per minute (cfm) of air per kilowatt (kW). However, in denser environments, this reduces to less than 100 cfm, resulting in elevated heat generation.

The North American data center cooling market is experiencing a significant shift with the advent of liquid-based cooling and portable cooling technology, presenting lucrative opportunities for market growth. The prevailing trend in information technology is focused on increasing server density, involving the amplification of chip power, the incorporation of more chips per rack unit, and maximizing rack utilization. Consequently, rack power has transitioned from a conventional 3.5-4 kW to supporting 60-70 kW per rack, generating a substantial amount of heat. Effectively managing the heat generated with forced air, given the unmanageable fan power and compressor power, has led to a heightened demand for liquid-based cooling techniques in enterprise IT data centers.

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Key Benefits for North America Data Center Cooling Market:

1.This study includes the North America data center cooling market analysis along with the North America data center cooling market forecast, trends and future estimations to determine the imminent investment pockets.

2.The report presents information related to key drivers, restraints, and opportunities.

3.The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the industry.

4.Porters five forces analysis illustrates the potency of buyers & suppliers in the North America data center cooling industry.

Data centers must operate seamlessly around the clock, making power outages a critical concern. These outages not only lead to the cessation of cooling systems but also force a complete shutdown of the data center to prevent equipment damage. Such shutdowns contribute to decreased overall performance, pose financial risks to the business, and result in equipment damage, thereby affecting their lifespan. Consequently, power outages stand as a significant constraint, hindering the growth of the data center cooling market in North America. To circumvent this challenge, it is advisable to construct data centers in regions with minimal power outages, preferably utilizing renewable energy sources for uninterrupted power supply. Additionally, implementing power backup solutions for both the data centers and their cooling systems is crucial to mitigate potential losses.

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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.

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 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.

Leading Market Players:

➢ Nortek Air Solutions
➢ Emerson Electric Co
➢ Fujitsu Ltd
➢ Schneider Electric Se
➢ Hitachi, Ltd.
➢ Stulz GmbH
➢ Rittal GmbH & Co. Kg
➢ Asetek
➢ Black Box Corporation
➢ Vertiv

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