North America Data Center Cooling Market Analysis and Forecasts to 2027 by Cooling Type and Data Center Type

North America Data Center Cooling Market to 2027 - Regional Analysis and Forecasts by Cooling Type (Room- Based Cooling, Row-Based Cooling, and Rack-Based Cooling), Data Center Type (Enterprise, Colocation, Wholesale, and Hyperscale Data Centers), Industry Vertical (BFSI, Manufacturing, IT & Telecom, Media & Entertainment, Retail, Government & Defense, Healthcare, Energy, and Others), Offering (Solutions and Services), Component (Air Handling Units, Chillers, Cooling Towers, Air Conditioning Units, Humidifiers, Heat Exchangers, and Others)

  • Report Code : TIPRE00007020
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 178
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The North America data center cooling market is accounted to US$ 3.1 Bn in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period 2019 – 2027, to account to US$ 7.9 Bn by 2027.

In the United States, during the years 1998 – 2010, the number of data centers increased from approximately 430 to 2,000 and the overall power usage of data centers experienced a doubling between the years 2000 – 2006. Managing data centers is becoming increasingly complex as the pressure to “Go Green” is being observed worldwide. Data center managers are faced with the challenge of consolidating power through virtualization, blade servers, more efficient power supplies, and several other methods.  With increasing number of data storage requirement globally, construction of data centers is also increasing across the world. This has led to increase in the growth of North America data center cooling market. As a result of this, the number of data centre cooling in these countries are expected to increase significantly. These factors are positively impacting on the growth of North America data center cooling market

Lucrative Country North America Data Center Cooling Markets

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Market Insights

Increase in data traffic leading to upsurge the demand for effective cooling solutions is bolstering the North America Data Centre Cooling Market

Rising penetration of connected devices and easy access to internet coupled with decreasing cost of internet services has resulted in the upsurge of demand for data storage worldwide. This is due to increasing demand for big data analytics and cloud-based services, such as online contents including movies, apps, videos and social media. This has resulted in cloud-based companies to deploy more IT space in their data centers. Several industries are exploring the cloud offerings and discovering the benefits of data center services to support their needs related to cloud. These developments are directly effecting the increase in Internet of Things (IoT) and data needs of the companies, thereby resulting in the increasing demand for data center cooling solutions to avoid overheating of the data centers, which is influencing the North America Data Center Cooling market to prosper during the forecast period.

Rising adoption of liquid cooling technology is enhancing the growth of North America Data Centre Cooling market

The liquid cooling solutions for data center cooling are creating a massive turbulence in the industry globally. The liquid cooling technology is the ideal solution to cater the requirements of the next gen data center. This technology provides various advantages over the legacy air cooling systems including lesser carbon footprint, lower TCO, better energy efficiency, higher reliability of server, and less noisy data centers among other advantages. Despite some of the cons of liquid cooling solutions including requirement of maintenance skills for liquid cooling solutions and high CAPEX cost, it is advantageous over the long run. The liquid cooling data centers around are witnessing around 20 – 30% reduction in the consumption of power, catering to the challenge of high power consumption in a data center. Thus, creating huge opportunity for the North America Data Centre Cooling Market in the forecast period.

North America Data Centre Cooling Market : Data Center Type Segment Insights

The colocation data centre segment captures more revenue share in the North America Data Centre Cooling market by data centre type. The demand for colocation services is giving a rise to construction of mega data centers as it offers economies of scale. Thus, it is anticipated that the colocation and cloud software as service products will increase in the coming years as well as drive the North America Data Centre Cooling market.

North America Data Centre Cooling Market : Industry Vertical Segment Insights

The North America Data Centre Cooling market by industry vertical is segmented into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. The characterization is based on the major sectors where data center finds majority of applications. Data center cooling are widely used among variety of industries. Major industries are deploying data centers to stay flexible as well to modernize their IT architecture to create key insights. Data centers help the enterprises to reduce their IT operational costs with secured IT infrastructure operations, increase their IT infrastructure capacity, reduce costs, standardize IT operations, and provide better efficiency. Thus, enhancing the North America Data Centre Cooling market in the forecast period.

Mexico Data Centre Cooling Market by Cooling Type

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New market initiatives were observed as the most adopted strategy in the North America Data Centre Cooling market. Few of the recent market initiatives in the North America Data Centre Cooling market are listed below:

2019:

Rittal and ABB Ltd enhanced their global partnership to drive digitalization in industrial applications. The partnership covers various products and services such as interruptible power supply (UPS), secure edge data center solutions with fire protection, edge data centers for OEM manufacturers, scalable modular data centers as well as new power container solutions.

2018:

Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. unveiled its plan of enhancements to its Smart Data Center solution which elevate the usage of AI and real-time analytics to further its vision of optimizing all aspects of IT operations across data centers.

2017:

Stulz launched Indoor chillers with intelligent adaption technology which generates cooling capacity of up to 100 kW. It has application across data center in medical technology or the process industry.

2016:

Rittal introduced a new refrigerant based rack and row cooling solution named LCP DX. This solution uses the principle of heat removal from critical IT components like Data Centers and micro data centers. This new product is most suitable for small or medium-sized IT equipment for heat removal. Also, the cooling product is available in two models, i.e., as a Rack or as an In-line solution.

NORTH AMERICA DATA CENTRE COOLING MARKET SEGMENTATION

North America Data Centre Cooling Market - By Offerings

  • Solutions
  • Services

North America Data Centre Cooling Market - By Connectivity

  • Room-Based Cooling
  • Row-Based Cooling
  • Rack-Based Cooling

North America Data Centre Cooling Market - By Data Center Type

  • Enterprise
  • Colocation
  • Wholesale
  • Hyperscale Data Centers

North America Data Centre Cooling Market - By Industry Vertical

  • BFSI
  • Manufacturing
  • It & Telecom
  • Media & Entertainment
  • Retail
  • Government & Defense
  • Healthcare
  • Energy
  • Others

North America Data Centre Cooling Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

North America Data Centre Cooling Market - Company Profiles

  • Airedale air Conditioning
  • Asetek Inc.
  • Black Box Corporation
  • Carrier Corporation
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Hitachi Ltd.
  • Modine Manufacturing Company
  • Nortek Air Solutions
  • Rittal GmbH
  • Schneider Electric
  • Stulz GmbH
  • Trane
  • Vertiv Group Cor.   
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Cooling Type, Data Center Type, Industry Vertical, Offering, Component

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

The List of Companies

  1. Asetek, Inc.
  2. Black Box Corporation
  3. United Technologies Corporation (Carrier Corporation)
  4. Fujitsu Limited
  5. Hitachi Ltd.
  6. Modine Manufacturing Company
  7. Nortek Air Solutions, LLC
  8. Rittal GmbH & Co. KG
  9. Schneider Electric SE
  10. STULZ GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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