March 31, 2020
As per the report titled ‘North America Data Center Cooling Market Size By Component, Cooling Technique, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, North America data center cooling market is projected to amass USD 5 billion by the year 2024.
Advancements in computing capabilities is increasing the power densities in IT infrastructure facilities, which in turn is propelling the demand for highly efficient cooling systems. Growing adoption of cloud computing and IoT devices will generate a massive amount of data, further boosting the growth of North America data center cooling market in the years to come.
Elaborating on the component type, air conditioners are the most commonly used cooling solution. The demand for air conditioners will continue to rise, owing to several advantages of these systems including minimal investments, low maintenance, and easy installation.
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Based on the technology spectrum, room-based cooling segment is presumed to see considerable growth during 2018-2024, owing to the ability of this technology to integrate several external devices such as chillers, air conditioners, and cooling towers in server rooms to manage temperature. This technology eliminates the need to modify the entire data center infrastructure unlike rack-based cooling. This factor coupled with cost efficiency over other cooling techniques is accelerating the segment growth.
As per the application scope, the BFSI sector is expected to witness a high demand for data center cooling solutions during the study period, as these entities handle critical customer transactions and information. The generation of large volumes of data on account of creation of new accounts and various loan options provided by these financial institutions is enhancing the adoption of cooling systems. Rising incorporation of large-scale facilities is bolstering the demand for data center cooling solutions across the BFSI sector.
Schneider Electric, Rittal GmbH, Swegon AB, Black Box Corporation, Nortek Air Solutions, Vigilent Corporation, Airedale International Air Conditioning Ltd., and AdaptivCOOL are the major players operating in North America data center cooling market.
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