North America Data Centre Cooling Market Report and Forecast 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