U.S. Data Center Cooling Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Solution; By Services; By Type; By Containment; By Structure; By Application; Segment Forecast, 2024 - 2032
The Data Center Cooling market size is expected to reach USD 9.69 Billion by 2032, according to a new study by Polaris Market Research. The report “U.S. Data Center Cooling Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Solution; By Services; By Type; By Containment; By Structure; By Application; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The exponential increase in data generation and the rising demand for big data analytics have contributed to the growth of the data center market. With the evolution of Industry 4.0 standards and the surge in connected devices, IT organizations are under pressure to improve their operational efficiency while maintaining data security. However, managing data in-house can be a complex and time-consuming process, prompting many IT organizations to adopt data centers.
The burgeoning number and size of data centers necessitates the use of efficient power and cooling equipment to guarantee a smooth and uninterrupted data center operation. Since data centers consume a substantial amount of power and generate significant heat, it is imperative to deploy efficient cooling systems. Consequently, various vendors have contrived liquid cooling systems specifically tailored for data center use. Overall, the U.S. data center cooling market is poised for steady growth, presenting opportunities for innovation and investment in the coming years.
The U.S. data center cooling market is expected to experience significant growth due to the increasing demand for cloud computing, big data, and IoT services. The growing number of data centers in the region, coupled with the need for efficient and cost-effective cooling solutions, is driving the adoption of advanced cooling technologies such as air-side and liquid-side economization and indirect evaporative cooling. Also, rising energy costs and environmental concerns are propelling the demand for energy-efficient cooling systems. However, innovative power supply systems, such as intelligent power management software, power distribution units, and overhead busways, ensure seamless power distribution in data centers, accounting for growth and scalability while reducing the total cost of ownership.
U.S. Data Center Cooling Market Report Highlights
The air conditioners segment holds the largest share, mainly due to their widespread usage and dependence on conventional cooling techniques.
In 2023, the market witnessed a significant dominance of the Installation and Deployment segment. This was primarily due to the rise in the number of data centers being constructed across the country, which, in turn, led to a surge in demand for installation services.
The U.S. data center cooling market is expected to experience substantial growth over the forecast period, particularly in the IT applications segment, which encompasses servers, storage systems, and networking equipment.
The U.S. key market players include ABB, Aligned Data Centers, Asetek, Inc., Climaveneta, Coolcentric, Fujitsu, Hitachi, Ltd., Iceotope, Infineon Technologies AG, Munters, NTT Limited, Rittal GmBH & Co. KG, Schneider Electric, STULZ GMBH, ThermalWorks (Endeavour), and among others.
Polaris Market Research has segmented the U.S. Data Center Cooling market report based on component, solution, services, type, containment, structure, and application:
U.S. Data Center Cooling, Component Outlook (Revenue - USD Billion, 2019 - 2032)
Solution
Services
U.S. Data Center Cooling, Solution Outlook (Revenue - USD Billion, 2019 - 2032)
Air Conditioners
Air Handling Units
Chillers
Precision Air Conditioners
Others
U.S. Data Center Cooling, Services Outlook (Revenue - USD Billion, 2019 - 2032)
Installation & Deployment
Maintenance Services
Support & Consulting
U.S. Data Center Cooling, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Non-raised Floors
Raised Floors
U.S. Data Center Cooling, Containment Outlook (Revenue - USD Billion, 2019 - 2032)
Raised Floor with Containment
Hot Aisle Containment (HAC)
Cold Aisle Containment (CAC)
Raised Floor without Containment
U.S. Data Center Cooling, Structure Outlook (Revenue - USD Billion, 2019 - 2032)
Rack-based Cooling
Room-based Cooling
Row-based Cooling
U.S. Data Center Cooling, Application Outlook (Revenue - USD Billion, 2019 - 2032)
BFSI
Energy
Healthcare
IT
Retail
Telecom
Others