North America Data Centre Cooling Market Report and Forecast 2024-2032

According to this report, the North America data centre cooling market size reached a value of USD 7.76 billion in 2023. Aided by the exponential growth in data generation, technological advancement, and the increasing number of data centres, the market is projected to further grow at a CAGR of 11.8% between 2024 and 2032 to reach a value of USD 21.35 billion by 2032.

As per the North America data centre cooling market analysis, the demand for data centre cooling solutions in North America is driven primarily by the burgeoning IT and telecom sector, increasing cloud adoption, and the ongoing digital transformation in various industries.

The primary driver for the market is the surge in data consumption and cloud-based applications, necessitating robust data centre infrastructure. As data centres are crucial for storing, processing, and managing enormous amounts of data, maintaining the right temperature and humidity levels is essential to prevent overheating and ensure system reliability and longevity.

As per the North America data centre cooling market outlook, the push towards more energy-efficient and eco-friendly cooling technologies is influencing the market. Innovations such as liquid cooling solutions and advanced management software that optimise airflow and reduce energy consumption are becoming increasingly popular.

As data centres increasingly host high-performance computing systems, the heat generated by these systems is becoming more challenging to manage with traditional air cooling methods. Liquid cooling solutions, including direct-to-chip and immersion cooling technologies, are gaining popularity and fuelling the North America data centre cooling market growth. These methods are more efficient at removing heat and can significantly reduce the energy consumption associated with cooling data centre environments.

Data centres are utilising free cooling systems that take advantage of naturally cool external air or water sources to reduce the reliance on mechanical cooling systems. This not only helps in lowering energy consumption but also reduces operational costs. Regions with cooler climates, such as Northern parts of the U.S. and Canada, are particularly suited to exploit these techniques, which include air-side and water-side economisers, which also propels the North America data centre cooling market expansion.

Data centres are utilising free cooling systems that take advantage of naturally cool external air or water sources to reduce the reliance on mechanical cooling systems. This not only helps in lowering energy consumption but also reduces operational costs. Regions with cooler climates in the data centre cooling market in North America, such as Northern parts of the U.S. and Canada, are particularly suited to exploit these techniques, which include air-side and water-side economisers.

The U.S. dominates the market due to the presence of a large number of data centres and significant investments in cloud services and big data analytics. Canada and Mexico are also showing robust growth with increasing investments in data centre infrastructure, driven by economic growth and digitalisation efforts in these countries.

Looking forward, the North America data centre cooling market share is expected to witness significant growth, fuelled by the continuing expansion of data centres and the adoption of advanced technologies such as IoT, artificial intelligence, and 5G. The increasing focus on sustainability will drive innovations in cooling technologies, potentially leading to more widespread adoption of environmentally friendly and energy-efficient solutions.

Market Segmentation

The market can be divided based on component, data centre size, type of cooling, application, and country.

Market Breakup by Component

• Solution
• Air Conditioning
• Liquid Cooling Systems
• Chilling Units
• Cooling Towers
• Control System
• Economiser Systems
• Others
• Services
• Installation and Deployment
• Consulting, Support, and Maintenance Services

Market Breakup by Data Centre Size

• Large Data Centre
• Medium Data Centre
• Small Data Centre

Market Breakup by Type of Cooling

• Room-based Cooling
• Row/Rack-based Cooling

Market Breakup by Application

• BFSI
• IT and Telecom
• Healthcare
• Government
• Others

Market Breakup by Country

• United States of America
• Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America data centre cooling market. Some of the major players explored in the report are as follows:

• 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