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North America Data Centre Cooling Market Size, Share: By Component: Solution, Services; By Data Centre Size: Large Data Centre, Medium Data Centre, Small Data Centre; By Type of Cooling: Room-based Cooling, Row/Rack-based Cooling; By Application: BFSI, IT and Telecom, Others; Regional Analysis; Competitive Landscape; 2024-2032
North America Data Centre Cooling Market Outlook
The North America data centre cooling market size reached approximately USD 7.76 billion in 2023. The market is assessed to grow at a CAGR of 11.8% between 2024 and 2032 to attain a value of around USD 21.35 billion by 2032.
Key Trends in the Market
Data centre cooling refers to tools, equipment, processes, systems, and techniques that ensure temperature, humidity, cooling, and ventilation levels within data centres are ideal. It removes excess heat from the air and replaces it with cool air.
- The surging adoption of technologies such as big data, artificial intelligence (AI), and edge computing is anticipated to fuel the North America data centre cooling market growth in the forecast period. As data centre managers are increasingly adding computing power, the adoption of data centre cooling solutions to ensure optimal temperature and humidity is increasing.
- Growing concerns regarding excessive humidity and heat that can lead to malfunctioning and damage of equipment and appliances are key North America data centre cooling market trends. With data centres facing challenges such as space constraints, constant technological innovations, innovative chip designs, and high computing power requirements, the demand for cooling solutions that manage the power density and surge energy efficiency of data centres is growing.
- Innovations aimed at surging the efficiency of cooling in data centres are anticipated to fuel the North America data centre cooling market demand in the coming years. There is an increasing adoption of methods such as direct-to-chip cooling which reduces airflow requirements, boosts processing capacities, offers precise targeted cooling, and minimises changes in equipment overheating to prevent data centre downtime.
- Increasing attempts to reduce energy consumption of data centres are anticipated to surge the adoption of precise and high-performance cooling solutions that minimise the use of natural resources and fossil fuels. In addition, the development of highly efficient cooling techniques that can enhance the sustainability of data centres and reduce carbon emissions of an organisation is further expected to aid the North America data centre cooling market expansion in upcoming years.
Market Analysis
Based on component, the market is segmented into solution and services. On the basis of data centre size, the market can be divided into large data centre, medium data centre, and small data centre. By cooling, the market bifurcations include room-based cooling and row/rack-based cooling.
By applications, the North America data centre cooling market segmentation includes BFSI, IT and telecom, healthcare, and government, among others. The major countries of data centre cooling in North America include the United States of America and Canada.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America data centre cooling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Johnson Controls International plc
- Daikin Industries Ltd.
- STULZ GmbH
- Vertiv Group Corp.
- Nortek Air Solutions, LLC
- Asetek, Inc. A/S
- Green Revolution Cooling Inc.
- LiquidStack B.V.
- Munters Group
- Wakefield Thermal, Inc.
- Others
Market Share by Cooling
Row/rack-based cooling holds a considerable portion of the North America data centre cooling market share. This cooling method places AC units between data centre racks, reducing the requirement to cool the entire data centre, providing enhanced rack density, and lowering carbon footprint. Benefits such as reliable and consistent cooling, improved flexibility, increased energy costs, scalability, and lowered space requirements are also boosting the installation of row/rack-based cooling systems in data centres.
Market Share by Region
As per the North America data centre cooling market analysis, the United States is experiencing a healthy growth rate, supported by the increasing development of data centres in the country. Growing amounts of data and increasing computing densities in the country are also surging the demand for innovative cooling equipment and solutions that can efficiently remove heat. Advancements in immersion cooling by key players in the country are further favouring the market growth.
Meanwhile, Canada is anticipated to grow in the forecast period due to increasing focus by businesses to responsibly manage their data and reduce their costs and carbon footprints.
Competitive Landscape
Nortek Air Solutions, LLC is a company that offers innovation, expertise, and support for custom ventilation, heating, and air conditioning (AC). Its solutions are used in different sectors, including education, manufacturing, healthcare, and data centres, among others. Its 5 manufacturing locations and over 165 sales representatives offer customers the ideal HVAC solutions.
STULZ GmbH is a pioneer in the field of cooling solutions for use in data centres and critical solutions. Its products are manufactured to meet stringent quality standards and test criteria. With its production plants in China, India, the United Kingdom, Spain, the United States, Brazil, and Germany, the company has established its position as a leading supplier of air conditioning technology.
Vertiv Group Corp., established in 1946, is a leading provider of software, hardware, ongoing services, and analytics to support vital applications of customers. Its products and solutions are aimed at solving challenges faced by data centres, industrial and commercial facilities, and communication networks for the cooling, power, and IT sectors. With its headquarters in Ohio, the United States, the company operates in over 130 countries.
Other North America data centre cooling market players include Mitsubishi Electric Corporation, Schneider Electric SE, Johnson Controls International plc, Daikin Industries Ltd., Asetek, Inc. A/S, Green Revolution Cooling Inc., LiquidStack B.V., Munters Group, and Wakefield Thermal, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
|
| Breakup by Data Centre Size |
|
| Breakup by Type of Cooling |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Data Centre Cooling Market Overview
8.1 Key Industry Highlights
8.2 Global Data Centre Cooling Historical Market (2018-2023)
8.3 Global Data Centre Cooling Market Forecast (2024-2032)
8.4 Global Data Centre Cooling Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Data Centre Cooling Market Overview
9.1 Key Industry Highlights
9.2 North America Data Centre Cooling Historical Market (2018-2023)
9.3 North America Data Centre Cooling Market Forecast (2024-2032)
10 North America Data Centre Cooling Market by Component
10.1 Solution
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Air Conditioning
10.1.3.2 Liquid Cooling Systems
10.1.3.3 Chilling Units
10.1.3.4 Cooling Towers
10.1.3.5 Control System
10.1.3.6 Economizer Systems
10.1.3.7 Others
10.2 Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Installation and Deployment
10.2.3.2 Consulting, Support, and Maintenance Services
11 North America Data Centre Cooling Market by Data Centre Size
11.1 Large Data Centre
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Medium Data Centre
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Small Data Centre
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Data Centre Cooling Market by Type of Cooling
12.1 Room-based Cooling
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Row/Rack-based Cooling
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Data Centre Cooling Market by Application
13.1 BFSI
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 IT and Telecom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Healthcare
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Government
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 North America Data Centre Cooling Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mitsubishi Electric Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Schneider Electric SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Johnson Controls International plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Daikin Industries Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 STULZ GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Vertiv Group Corp.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nortek Air Solutions, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Asetek, Inc. A/S
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Green Revolution Cooling Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 LiquidStack B.V.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Munters Group
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Wakefield Thermal, Inc.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Data Centre Cooling Market: Key Industry Highlights, 2018 and 2032
2. North America Data Centre Cooling Market: Key Industry Highlights, 2018 and 2032
3. North America Data Centre Cooling Historical Market: Breakup by Component (USD Billion), 2018-2023
4. North America Data Centre Cooling Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. North America Data Centre Cooling Historical Market: Breakup by Data Centre Size (USD Billion), 2018-2023
6. North America Data Centre Cooling Market Forecast: Breakup by Data Centre Size (USD Billion), 2024-2032
7. North America Data Centre Cooling Historical Market: Breakup by Type of Cooling (USD Billion), 2018-2023
8. North America Data Centre Cooling Market Forecast: Breakup by Type of Cooling (USD Billion), 2024-2032
9. North America Data Centre Cooling Historical Market: Breakup by Application (USD Billion), 2018-2023
10. North America Data Centre Cooling Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. North America Data Centre Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Data Centre Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. North America Data Centre Cooling Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 7.76 billion.
The market is assessed to grow at a CAGR of 11.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 21.35 billion by 2032.
The major market drivers are the growing focus by organisations to reduce their carbon footprints and the growing adoption of data centre cooling solutions to ensure optimal temperature and humidity.
The key trends aiding the market growth are technological advancements and innovations, increasing computing densities, and rising concerns regarding excessive humidity and heat.
The major countries in the market are the United States of America and Canada.
The major applications of data centre cooling are BFSI, IT and telecom, healthcare, and government, among others.
The major players in the market are Mitsubishi Electric Corporation, Schneider Electric SE, Johnson Controls International plc, Daikin Industries Ltd., STULZ GmbH, Vertiv Group Corp., Nortek Air Solutions, LLC, Asetek, Inc. A/S, Green Revolution Cooling Inc., LiquidStack B.V., Munters Group, and Wakefield Thermal, Inc., among others.
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