The North America data center cooling market size was valued at $4,020 million in 2017, and is projected to reach $9,177 million by 2025, growing at a CAGR of 11.0% from 2018 to 2025.
Based on component, the solution segment dominated the data center cooling market size in 2017 and is expected to dominate the North America data center cooling market in coming years, owing to the increase in number of energy efficient cooling solutions. Furthermore, air conditioners under solution sub-segment had the largest market share due to its energy-efficiency and cost-effectiveness. However, services in the component segment witnessed high CAGR in the data center cooling market as the implementation of services ensures the effective functioning of the solutions with transparency and control throughout the process.
The room-based cooling segment dominated the overall North America data center cooling market share in 2017 and is expected to continue this trend during the forecast period as it is a traditional approach implemented by various operators as it ensures enhanced cooling capacity and continuous mixing of hot & cold air to maintain adequate temperature level and prevent the occurrence of hot spots. Furthermore, the room-based cooling segment is anticipated to maintain large market share owing its rapid adoption due to less capital cost as the requirement of number of piping and cooling units are less. Therefore, room-based cooling is gaining ground in North America data center cooling market due to its energy-efficient cooling. However, the rack-based cooling segment is expected to grow at the highest CAGR during the forecast period due to its ability to provide precise conditions in close proximity, which is targeted at the banks with server cabinets.
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The device management segment dominated the overall North America data center cooling market share in 2017 and is expected to continue this trend during the forecast period, due to increase in adoption of these solutions to optimize the performance of network printing devices and to maximize efficiency and take control of costs. Also, it allows network users to share devices more effectively when printing and also help system administrators to achieve enhanced device management efficiency with the benefit of integrated, centralized control. However, document imaging is expected to witness the highest growth rate during the forecast period owing to rise in demand for image capture for big data handing and analytics in many organizations.
Furthermore, the U.S. dominated the overall North America data center cooling market size in 2017, due to the growth in development of hyperscale and colocation facilities with a power capacity of more than 100 MW. The U.S. controls around 90% of the market share in North America. However, Canada is expected to grow at the highest CAGR due to the presence of large technology giants offering their services globally.
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Some of the key market players profiled in the North America data center cooling market report include Schneider Electric Se; Black Box Corporation; Nortek Air Solutions, LLC; Emerson Electric Co.; Hitachi, Ltd.; Rittal Gmbh & Co. Kg; Fujitsu Ltd.; Stulz Gmbh; Vertiv; and Asetek. This study includes the North America data center cooling market analysis along with the trends and future estimations to determine the imminent investment pockets.
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