Press release
Data Center Rack and Enclosure Market: Growing Demand, Market Size, Key Players and Emerging Trends
"Exponential Increase in Data Storage Needs Fuels Data Center Rack and Enclosure Market Growth
What Is The Projected Market Size Of The Global Data Center Rack And Enclosure Market And Its Growth Rate?
The market growth for data center rack and enclosure has been exceptional in recent years due to increased demand for data storage and global business expansion. Over the next few years, we can expect the market to continue its rapid growth:
• From $3.79 billion in 2024 to $4.15 billion in 2025 (9.3% CAGR)
• Estimated at $6.75 billion in 2029 (13.0% CAGR)
Market trends and growth can be attributed to increased data-generation due to IoT, adoption of edge computing, demand for hyperscale data centers, and emphasis on energy-efficient data center solutions.
What Is Driving The Growth In The Data Center Rack And Enclosure Market?
The emergence of new data centers is a key catalyst for the growth of the data center rack and enclosure market. These data centers use complex networks for shared access to applications and data, and data center racks and enclosures are pivotal components used to organize, mount, and protect servers, networking equipment, and other hardware. For instance, the Korea Data Center Council (KDCC) reported that in February 2022, the total capacity of colocation data centers IT load in Korea had reached 430 MW, representing 11% of the total APAC IT load. This expected to expand to 700 MW between 2021 and 2023, contributing to the growth of the data center rack and enclosure market.
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Who Are The Key Players Driving Data Center Rack And Enclosure Market Growth?
Prominent players in the data center rack and enclosure market include:
• Dell Inc.
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Schneider Electric SE
• Fujitsu Ltd.
• Eaton Corporation
• Emerson Electric Company
• Delta Electronics Inc.
• Legrand SA
• Vertiv Holdings Co.
• Rittal Gmbh and Co. KG
• nVent Electric plc
• Belden Inc.
• Panduit Corporation
• Blackbox Corporation
• AGC Network Ltd
• Rahi Inc.
• Hammond Manufacturing Co. Ltd.
• C and F Tooling Ltd.
• Canovate Group
• Innovation First International Inc.
• Chatsworth Products Inc.
• AFCO Systems Inc.
• Great lakes Data Racks and Cabinets Co. Inc.
• Martin International Enclosures LLC
• IMS Engineered Products LLC
• Amco Enclosures
• Prism Enclosures Ltd.
What Are The Key Trends In The Data Center Rack And Enclosure Market?
Key trends driving growth in the data center rack and enclosure market include:
• Adoption of liquid cooling solutions
• Modular data center designs
• Increasing use of open-source hardware
• Rise in demand for rack-level power distribution
• Focus on sustainable and environmentally friendly enclosure materials
What Are The Segments Of The Global Data Center Rack And Enclosure Market?
The data center rack and enclosure market is categorized by:
1) Product Type: Open Frame Racks, Rack Enclosures, Wall-Mount Racks
2) Component: Solution, Service
3) Installation: Wall-Mounted, Floor Mounted
4) Size: 18U-22U, 23U-32U, 33U-42U, 43U-48U and above 49U
5) Application: IT, Telecommunication, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Manufacturing, Education Sector, Other Applications
Which Region Leads The Data Center Rack And Enclosure Market?
The highest demand for data center rack and enclosure originates in North America, which was the largest regional market as of 2024. Other regions analysed in the data center rack and enclosure market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Data Center Rack And Enclosure Market Global Market Report?
- Market Size Analysis: Analyze the Data Center Rack And Enclosure Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Data Center Rack And Enclosure Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Data Center Rack And Enclosure Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Data Center Rack And Enclosure Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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